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CUP

Just closed the 1day candle as a bullish engulfing candleA very good sign as the 1 day candle manages to close as a bullish engulfing candle, and also finds a way to close just above the most recent 4hr bullflag. This greatly increases our odds of a bullish breakout from this flag and as you can see by the vertical dotted green line the projected breakout target should give us enough momentum to hopefully escape the rising wedge the price action has been trapped in recently with a breakout upward instead of the typicall downward break most rising wedges tend to break. Many people questioned why I went with the normal flag which is using the candle bodies as trendlines in stead of using the wicks as trendlines and going by the symmetrical triangle pattern. I personally find more success with flags and wedges when the trendlines adhere to te bodies and not the wicks...but sometimes the wicks will be the prevailing trend...this flag/triangle had morphed back and forth so many times over it's 3 day consolidation that I decided to put both possible shapes overlapping eachother and the funny thing is it turned out they were both valid and both had the exact same breakout target. It goes to show you that both trendlines that stick to the wicks and trendlines that go by the bodies of the candles can be valid...an in this specific case they can simultaneously be valid. Anyways, after all the cup and handles forming and triggering around the alt coin market today as I pointed out in a previous idea, i think that is a great sign that we have much more bullish climbing to be done. We may have a retracement to reset rsi, stoch, andd mach d levels back to favorable positions for a climb for part of this 1 day candle but I have a feeling this upcoming 1 day candle should be quite bullish and anticipate we will finally go Super Sayian mode again (OVER NINE THOOOOOUSSSAND!) during this new 1 day candle. Of course these are just my personal assumptions and not emant to be taken as financial advice so you make your own decisions and I'll make mine. Best of luck and thanks for reading!
BITFINEX:BTCUSDLong
by DrDovetail
5
Cup & Handles forming all over cryptomrkt; TRX just broke above!I never thought I'd find myself posting an idea chart for crypto but I have been following all these potential cup and handle patterns forming all across the crypto market closely all day. It seems as if Bitcoin Cash and Zclassic were the first ones to trigger....meanwhile other great alts have been slowly forming their respective handles to their cups all day including, Siacoin, Bitshares, Digibyte, Digital Note, Ripple, Steller, Cardano, Iota, Storm,BNB, and Ethereum just to name a few....most of those cups and handles have completed their handles and are now trying to rise up to break their necklines some still are finishing out their handles....but the first big one of these alts to break the rim/neckline of its cup and handle pattern appears to be none other than Tron! After zclassic,bitcoin gold, and bitcoin cash....Tron is next out of the gate to achieve cup launch which is a great sign for the odds of btc continuing its bull run...the more alts that start triggering their cup and handles the better the odds of us being able to break upward out of the current rising wedge BTC is stuck inside. Here on this chart I have drawn the breakout projection with the appropriate pricepoint on top...not a bad idea to take a ride on the troncycle to the top of the dotted line and then see if fomo or any other factors allow it to continue up any further. For me this will likely be a short term entry and not a long term hold. UYou choose your own path however because this is not meant to be taken as financial advice. I expect many more cup and handles in the alt market to trigger not much longer after tron so keep your eyes out on any cup and handles I may not have noticed and also keep your eyes on the ones I listed above. Thans for reading and good luck
Long
by DrDovetail
8
Current bullflag has morphed into ascending triangle bullpennantWe can see on the 4 hr chart the current bull flag has started to morph into an ascending triangle bull pennant. Probability is good it will break upward....that should trigger the cup and handle that is still in play if that cup and handle is valid....However this entire bull runs price action also appears to be trapped inside a rising wedge which are patterns that usually break downward...It is worth keeping an eye on because if somehow broke downward it's projected drop target could actually take it under the eve bottom trendline. I have marked it on this chart wth 2 blue trendlines. It was not the easiest trendlines to keep consistent so I'm hoping the wedge is invalid as I would really like to see this adam and eve bottom be validated and triggered. So hopefully the cup and handle is triggered instead and lifts us out of this potential rising wedge pattern.
BITFINEX:BTCUSDLong
by DrDovetail
6
Bitcoin forming inside bars…is this a valid Cup and Handle?Great upswing yesterday just as I was hoping and we are still continuing to play out this potential Eve double bottom quite perfectly. Eve bottoms have a much slower climb than traditional double bottoms and tend to fake out a lot of bears along the way with many a bear trap. We are currently consolidating with some inside bars and we are overdue for a retracement...we may fall back down to around the top trendlien of the bullflag we broke out of on the night of the 19th to form a higher low and then continue ridsing from there....however this current price action on the 4hr chart looks suspiciously like a slanted cup and handle....I'm not entirely sure if cup and handles can be valid at this angle but have charted it just in case.....if it is a cup and handle and we break the neckline after now having formed the handle then the projected upswing target should take us to 9400 which was the original descending wedge breakout target so we will finally reach that projected target which if you look at the price action since that breakout it really has only been higher lows and higher highs...a clear bull run so far. For now though I will keep this idea neutral as we may have a slight retracment which we are overdue for that takes us back down to the top trendline of that april 19th bull flag...if so I will simply buy the dips...you choose your own path though because this is not emant to be financial advice. Thanks for reading and good luck! Also if anyone who is a cup and handle expert sees this and can chime in on whether or not this one can be a valid cup and handle it is appreciated..I know in the standard stock market...patterns like this are suppose to form over a much larger period of time...but in crypto every thing seems accelerated and I've noticed these longer time frame patterns being triggered and validated on much shorter timeframes.
BITFINEX:BTCUSD
by DrDovetail
1
XLM/BTC - C&H?XLM/BTC: Looks to be forming a cup and handle, just waiting on the handle to form to give us a nice entry position. XLM should correct/retrace sooner than later from its recent bull run, which will allow a handle to form. Buy area and Stop Loss have been set, watch buy area closely, XLM tends to retrace larger than usually expected, XLM may dip down to the 0.5 Fib line (blue one). Indicators: - RSI overbought on the Daily, be wary of this. Though, as a wise man once said, "an overbought RSI can be a buy signal in a Bullish market"...idk who that wise man was. - MACD looks decent on the Daily chart, still showing no signs of a downward cross. -Ichimoku Cloud a thin green cloud rising upwards. Could be thinning more, indicating a new trend (such as a correction). Either way, XLM still well above the Cloud on the Daily charts. - Volume looks good on the Daily chart, very green, little red, with a decent amount of volume taking place (though we will need a higher volume to send on another leg up without any correction). Long Term Targets: Target 1 - 0.00001356 Target 2 - 0.00002605
Long
by Vermillionz
OMG - Small Dip then MoonOversold on the RSI, Stoch RSI has bearish cross. Forming an inverse head and shoulders pattern. Hold off on buying for a couple weeks and watch for the shoulder to form. I'm hoping for a dip of about 10%. Remember, with another crypto bull market beginning to form, pumps can happen very quick, so watch closely! Or, buy now and stay on the safe side, we will see some serious gains soon. :) OMG has been on a lot of peoples watch list since its release. 2018 will be a big year for OMG, with the wallet and staking going live during Q2 this year. When it first released, the hype for OMG was huge, but it slowly died down. With the live product coming closer and closer, expect that hype to build back up, as well as staking to remove portion of the token supply being traded.
Long
by green_brow
ETHUSD - POTENTIAL cup & handle formation IF bounce === truePattern turning out to be true, previous support turns resistance looks to be causing a short term downward trend. IF this turns out true, we have potential cup & handle formation, which would make sense for overall bearish mid-term trend, with a potential bounce upwards to 50% fibonacci level / 61.8% fibonacci level. IF pattern = true, great potential buy in and sell points marked by support lines and Sell the exits at Fibonacci ratios. BIG RED arrows show potential bounce points for fibonacci levels if bearish trend were to continue. AKA sell points for short term up trend. Small green downward arrows point to previous fibonacci levels that were once support now turned resistance. We should see heavy resistance at these levels. Upward little red arrow points to previous resistance, which should now show a solid support trend for current short term bullish trend to continue. This idea has multiple variables that must present themselves to be true. But a pattern developing nonetheless. Feel free to agree/disagree, but more importantly why you see that.
BITFINEX:ETHUSDLong
by Shwayze
ICX 2HR CHART - Two possible scenariosICX has been trending nicely within its descending wedge & now I see two possible scenarios. We can see a couple little bush candles pop up and so I think; 1. To break above the top trend line & continue its journey in completing a Cup pattern as shown. 2. Bounce off the trend line and continue its wedge trading pattern for another possible buy back in opportunity.. Please let me know what you think.. I'm open to constructive criticism.
Long
by BernieO
Cup-and-Handle in the VIXY: Volatility Upside, Market Gloom?Hello again Tradingview community, Some unexpected life events pulled me away from the market (and everything else) for a few days, but I'm back and ready to share a new idea. Thank you for taking the time to take a look :)) We have a cup-and-handle technical pattern tracing out in the VIXY, indicating a break to the upside in volatility and inductively suggesting a break downward in the overall market. Despite the brevity of this idea, I intend to provide more detailed analysis and more engaging discussion in my future posts as time becomes available in my day-to-day activity. I am excited to engage further with my fellow traders, and thank you again for stopping by! Holst ** This post does not represent any recommendations and is intended only for speculative and research purposes **
CBOE:VIXY
by holsturr
1