Get started
Bitcoin
Long

BTC cup and handle (Weekly chart)

By Katimbo
The Cup and Handle is a popular technical analysis chart pattern that has been used by traders for many years. It consists of two distinct parts: the Cup, which resembles a U-shape in price action, and the Handle, which is generally a horizontal line drifting downward. This pattern can be an indication of an increase in price once it’s complete and provides opportunities for profitable trades. In order to successfully trade on this chart pattern, it’s important to understand how to identify it correctly, set entry points, manage risk with stop losses, and determine exit points with target prices. With these guidelines in mind, trading on the Cup and Handle Pattern can have many benefits for experienced traders looking to capitalize on potential profits.
Chart PatternsCup And Handle
Katimbo

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.