Bitcoin cup and handle pattern study
One of the classic price patterns of traders is the Cup and Handle pattern.
This pattern is of particular interest to experienced traders when it appears.
Today, I’m going to apply this special price pattern To the bitcoin chart.
An important Zone that has been playing a major price action manipulation is the :
52800.00
52200.00
The cup of the pattern is a long-lasting price accumulation and recovery period.
The handle may go down till the 40k-38k zone before a bullish continuation back then a breakout and we will see new highs during the Q4, 2021.
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Best Regards, Reda Souhail™
This pattern is of particular interest to experienced traders when it appears.
Today, I’m going to apply this special price pattern To the bitcoin chart.
An important Zone that has been playing a major price action manipulation is the :
52800.00
52200.00
The cup of the pattern is a long-lasting price accumulation and recovery period.
The handle may go down till the 40k-38k zone before a bullish continuation back then a breakout and we will see new highs during the Q4, 2021.
--------------------------------------------
Best Regards, Reda Souhail™
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