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MarxBabu
Dec 8, 2021 2:14 PM

BITCOIN CUP and Candle Pattern and the Next Move Long

Bitcoin / TetherUSBinance

Description

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🔴 A cup and handle price pattern is a technical indicator that forms a cup with a handle.
🔴 D shape of "u" formed first and then downward move happens as handle ,normally as a channel move.
🔴 The cup and handle in general considered as one of the strongest bull trend.
🔴 Once this pattern is broken and log starts - What is the Target Next ?

🔴 The top line to bottom curve that makes the cup ,the total price sum will be the upcoming moves target price.This will be the target in General
🔴 Here we can expect more than 20k move after this handle channel is broken.

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Comments
dewanhatrail
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zoom out double top Weekly ?
MarxBabu
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@dewanhatrail, looks so
dewanhatrail
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@MarxBabu, hope what i mentioned is incorrect
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