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Golden Cashening Watch BTG BCH BTCTHIS IS NOT TRADING ADVICE THIS IS NOT INVESTMENT ADVICE DO YOUR OWN DUE DILIGENCE FOR EVERY TRADE AND INVESTMENT YOU MAKE I am a holder of bchusd and btgusd I have jettisoned all my btc... I chuckle when I see the 'camps' of bch (minority) versus btc (majority) versus btg (tumbleweed) holders Also at day and swing traders and various parties with skin in the game pontificating and waxing lyrical And waning lyrical!!! What will be will be... And whilst I'm not a chartist, the charts to me are telling all... Forget about the FUD and your greed... Just look at the 3 month charts... As per O'Neil, the bchusd and btgusd charts are forming massive cup and handles surely?!? As such I think we have around 2 weeks before the handle finished forming... Timed perfectly to coincide with CME futures on btc and other news?!? Timed perfectly to coincided with btc 20k territory?!? Let's see THIS IS NOT TRADING ADVICE THIS IS NOT INVESTMENT ADVICE DO YOUR OWN DUE DILIGENCE FOR EVERY TRADE AND INVESTMENT YOU MAKE CUPS AND HANDLES AS PER O'NEIL AND stockcharts.com Cup: “U” shaped CHECK Cup should usually retrace 1/3 or less of the previous advance (could retrace upto half though) CHECK Handle: final consolidation/retracement; up to 1/3 of the cup's advance, but usually not more; wait for the break above the cup rim resistance line, with volume Timing: Our cup took only a few weeks to form, which is a little quick actually; handle is usually 1-4 weeks. So chill people Target: measure the distance from the right peak of the cup to the bottom of the cup. THIS IS NOT TRADING ADVICE THIS IS NOT INVESTMENT ADVICE DO YOUR OWN DUE DILIGENCE FOR EVERY TRADE AND INVESTMENT YOU MAKE
B
by Doc-al-Citadel
LONG Stellar Lumens STR / XLM : Another Cup and Handle After XLM faked me out on my previous idea when I anticipated a breakdown in a bearish flag/pennant....it is now showing very positive bullish signs that are further aided by the cup and handle formation that is currently close to completion. It has been steady forming higher lows and higher highs even despite Bitcoin's swift rise, which is a sign of stability and strength. Pending orders should be placed at a break of the 535 level. There will be resistance at the 56x levels, but if that can break then we are going to 592 (which is my first target). We are above the 100 day moving average and ichi. Beware...stellar has been known to have some very quick movement in both directions, so take profit when you can. But it can be argued that its price has been suppressed for far too long compared to other alts during this great institutional money bull market.
SLong
by ninjacookies
9
Cup and Handle BreakoutNext target $6 Lots of ways to draw the cup and handle (double cup and handle?) $2.50 -> $5, pull back to $3.50ish, then $3.50 to $5.00, pullback to $4.25 (50% retracement) MACD on daily and weekly holding positive and accelerating Stock blew threw descending trend line ($4.77) today (11/17) with strong volume and is showing strong follow through with little to no selling pressure Improving oil and gas drilling fundamentals Solid Q3 I was bullish on my previous post too early
FLong
by JohnVicinanza
AUDNZD Bullish Inverted Cup/HandleA possible Cup and Handle Reversal on the AUDNZD Daily. Also forms a descending triangle as any cup/handle pattern should. 1) If it closes above the upper triangle trend with a strong bullish candle then a ling trade should be successful. 2) If it breaks out below point B at 1.08334 then the reversal should be on. Inverted Cup with Handle " You must wait for the breakout with this pattern before trading. Too many patterns.....had prices moving upward instead of downward, especially in a Bear market. A breakout is a close below point B, the lowest low on the right rim. " - Encyclopedia of Chart Patterns - Thomas N. Bulkowski - Second Edition 2005
by MrPresident