Cup And Handle
TeslaWe can see three different patterns in 3 time frames namely trend consolidation, falling wedge and rounding top. 200 is rounding bottom pattern completion zone and can act as a strong support.
Buy above 209 with the stop loss of 207.5 for the targets 211, 213 and 215.
Sell below 205 with the stop loss of 207.5 for the targets 203.5, 200.5 and 198.
Check the live market updates.
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Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
Market Mayhem: Unpacking the Crypto CorrectionIt's me again, and the crypto market is in a state of panic. We've exited the consolidation phase, indicating bearishness and a distribution phase. However, as I mentioned in my previous post, the market remains in an uptrend, and the Halving and ETF still offer significant bullishness.
According to Elliot wave principles, a major retracement is logical given the strong uptrend since November 2022. In such trends, prices often retrace to:
- 23.6% for a minor correction
- 38.2% for a moderate correction
- 50% for a significant correction
Bitcoin recently retraced to 38.2% and filled a high demand zone. Does this mean we'll see a recovery? I can't say for sure, but I've identified two potential zones where the price may visit. We've already seen the $52,000 zone, and there's a minimal chance of reaching $42,000.
Two reasons support this minimal chance:
1. Bitcoin would need to drop by another 15% in the next week or two, which is unlikely and would put us below the November channel.
2. The formation of a Cup and Handle pattern, which typically tests old highs and incurs selling pressure from investors who previously bought at those levels. This selling pressure can lead to consolidation and a downtrend for days, weeks, or even months before advancing higher. The handle often finds support at the 50% retracement in a rounded shape.
Considering the factors mentioned earlier, it's reasonable to conclude that we may be experiencing either:
1. The Bottom handle of the Cup and Handle pattern, which could precede a potential breakout.
2. The onset of a Recovery phase, marking a turning point in the market trend.
In either case, this presents a crucial moment for the crypto market, and it's essential to monitor developments closely to determine the next move.
Feel free to ask questions, and as always, don't forget to like and engage with the content!
INDEX:BTCUSD BINANCE:BTCUSDT
GOLD (XAUUSD): Bullish Outlook Explained
Analyzing Gold on intraday time frames this morning,
I spotted multiple bullish clues.
The price started to nicely respect a rising trend line on a 4H,
after a one of its test, a cup & handle pattern was formed.
I think that the market has a nice potential to retest a current high.
Goal - 2467
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Cup & Handle Forming!! - GUHere I have GBP/USD on the 1 Hr chart!
Price dipped down into the Support Zone that was recently used in the beginning of July making its Low @ 1.2707!
Afterwards, price came right back up to make an Equal High @ 1.28404 forming quite a popular Reversal Pattern, the Cup & Handle!!
Now this PA formed the "Bowl" and after the Equal High, using the Fib Retracement Tool, we can see Price made a 61.8% Retracement beginning the formation of the "Handle"!
This Higher Low tells us that if this Fib Retracement holds, we could be seeing the end of this Downtrend and the beginning of an Uptrend to the Potential Range Target of 1.29992 - 1.30502!
- Bullish Divergence @ Support
- Violation of Structure from LL to HL
- RSI ABOVE 50
BTC1! Weekly Futures - Patterns & TimeRange defined reversal and weekly expansion so far on bar #20 of the handle / bull flag consolidation. Long above short below or use lower time frame to reduce risk range. “May” see break out or down on bar #21(fib time). TV targets appear to use a 1 to 1 moves so I have included the cup and handle 61% bullish breakout measurement. The two cup rim swing highs are divergent which can at times show bias. Sentiment 1.37/1 Buyers to sellers.
Best wishes and Happy Trading!
GOLD Analysis: Huge Cup and Handle on the monthly chartGold painted a huge cup and handle pattern on the monthly chart which makes it super bullish for the long term with the target of $3,200. But for the short term, I expect a correction to $2,100 before the main rally to make new highs.
BTC cup and handle (Weekly chart)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.
BTC_[Weekly]_Chart Patterns (C&H, Flag, ABCD)BTC Weekly Analysis:
Price is moving beautifully in chart patterns.
Cup and Handle formation is evident, Breakout of Handle will take the price high.
Bullish Flag Pattern
ABCD Pattern
Target Price for long-term are specified.
Watch Hourly, Daily and Monthly Charts for details.
Cup and Handle PatternGold chart is showing a Cup and Handle pattern on the weekly.
After a massive cup, there is a formation of a handle confirmed by breaking the resistance of the pattern.
So, for the long run, there is a high probability chance for Gold to be Bullish and reach 2500 in the coming 2 years
The actual levels are good for investors to enter for a long position
TP : 2500
SL : 1600
Powergrid Breakout 4JUN fall This Stock Is already in uptrend But Today , this Stock Given Breakout.
Also Create VCP formation .
💥
USDT Dominance --- heading to 3.25%HOPEFULLY )
As our Bull market Top % Dominance
Low stablecoin dominance = FOMO shit coin mania :)
dominance up = bear market
Cup & Handle if formed on Weekly chart so Be ready for huge PumpBTCUSDT is forming a cup and handle on the weekly timeframe, Whenever this pattern executes, it gives a huge rally, so I am expecting a rally towards $100K at least.
Cup & Handle on weekly BTC chartsI came across this Cup and Handle on weekly BTC charts.
Will BTC break ATH to 122k?
GOLD (XAUUSD): Waiting For Important Decision↪️Gold is approaching a significant area of intersection on a 4-hour chart, marked by a descending trend line and a strong resistance level.
The formation of a cup & handle pattern occurred after testing a crucial horizontal support.
If the price surpasses and closes above both of these levels on the 4-hour chart, I anticipate a bullish trend continuing, potentially reaching at least 2421.
BITCOIN Weekly up ?Bitcoin is forming a Cup & Handle on a weekly basis. The breakout has the following targets:
BINANCE:BTCUSDT
Targets: $155,000 USD - $244,000 USD
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AVGOPrice is consolidating in the form of symmetrical triangle for the past 2 days after a good trend line break out. 150 will be the trend deciding zone. Higher time frame shows rounding bottom is forming. Lower time frame pattern is neutral.
Buy above 155.5 with the stop loss of 154 for the targets 157, 159 and 161.
Sell below 152.5 with the stop loss of 154 for the targets 151, 149 and 147.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
NZDCHF: Time For Pullback 🇳🇿🇨🇭
NZDCHF may bounce from a key daily historic support.
After its test, the price formed a cup & handle pattern on a 4H time frame
and broke its neckline with a bullish imbalance.
I expect a bullish move to a falling trend line.
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Bitcoin vs Gold Cup & HandleBitcoin weekly chart vs gold monthly chart, cup and handle edition. Gold broke out of it's handle this year, waiting to see if Bitcoin does the same as the fundamentals continue to strengthen.
As of the Bitcoin Conference this past week we now have legislation announced that would create a strategic Bitcoin reserve here in the US, and Trump and Kennedy vowing to hold Bitcoin as a reserve asset if elected and end the current government policy of selling seized Bitcoin. Harris is also switching to pro-crypto after the Biden administration has been actively anti-crypto during this term.
Keep buying Bitcoin.
Bitcoin Tea PartyAs you can see BTC, is forming a cup and handle pattern, and descending channel, on the weekly chart.
Both are a bullish pattern, and being on a higher timeframe, it could have more weight.
Both price targets are the same, reaching approximately $127K
Thank you.
Jas
Cup and handle breakoutGood volume buildup in daily and weekly timeframe.
Cup and handle pattern breakout with good volume.
Fundamentals are OK.
FII and DII stakes are significantly increased as compared to last year.
NOTE: I do my analysis, do yours before trade.
TSLA weekly chart shows confluence.NASDAQ:TSLA weekly chart shows that it is coming into key demand areas around $205 to $215. The weekly chart shows a Wyckoff accumulation phase since the 2021 all-time high at $414.50, with a spring during Phase C at the recent lows below $140. This corresponds to the bottom of the cup, with Phase D of accumulation corresponding to the handle. A close over the weekly 200 SMA, currently at $232, will give room to the weekly 150 SMA supply. Reclaiming these weekly supply zones may lead to a break of the weekly handle, and a push up to the final weekly supply zones of the weekly upper Bollinger Band and upper weekly 100 linear regression channel ahead of $300 during Phase E, which may start at the end of this year or into next year. The trade is invalidated below the weekly 20 SMA, which is currently at $187.
Balla is still Bullish on BITCOIN. Cup & Handle pattern. The trend is still our friend.
I still see bullish developments in the price action.
We must have patience.
Dips still must be bought.
The plan hasn't changed.
We still aiming for that time period of 9 -15 months post #BTC Halving.
We are only one month down :)
