"The Cup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. It was developed by William O'Neil and introduced in his 1988 book, How to Make Money in Stocks."
If this pattern breaks to the upside we can expect a move up from Bitcoin (XBT) soon.
This is an educational post covering some of the basics. This can be entertaining as well as profitable to learn those patterns.
Hit LIKE for more.. And Thanks a lot for the continued support.
Thanks for your education postings! Beginner trader here and susbcriber to AMB. I see the cup and handle and also the previous ascending channel you mentioned but aren't we also inside a descending triangle that tends to break to the downside that wouldn't take up further than the 40xx region? so in this case which patterns are given more weight in the analysis?
I haven't figured out how to post a screenshot of my charts here so apologies for not illustrating my comment.
Happy Holidays!
Cheers!