Cup and a handle with green tea and cookies ?

Cup and a handle with green tea and cookies ?
if the handle which is the current location falls lower its not

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Looks like its really going down . The handle is leaving the cup

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wait ,,,the handle is moving back to the cup.

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looking bullish

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Tha handle needs to climb up the height of the red candle then BTC move higher and faster .

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if entering wait for confirmation when BTC passes the 8623 resistance ( around 8700)

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first target will be 84xx
second target 89xx

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if this a real cup and handle we should see a breakout at the handle around 84xx

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this look like a breakout ?

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its definitely behaving like a cup and handle

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The measured move for this cup and handle is 933x .
Yesterday during the morning the first failed head and shoulders move also had a measured distance of 93xx ,

93xx is also an area of major resistance for BTC . Being that this value has been suggested on the graphs a few times we have to be cautious at this area and look significant events which can occur in this area.

yesterdays graph
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Yorum:

BTC still has to get past that right shoulder which is at 86xx . we should go down now to around 842x and BTC should then move with momentum past 86xx .

Failure to move past 86xx will be worrying as the alternative is the head and shoulder pattern. My suspicion is the end move for today may be the 93xx value

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The Cup and handle formation has a noticeably increased momentum after passing the handle , so BTC should move faster upwards to the 86xx area if its a genuine "cup and handle" versus a "head and shoulder reversal" .

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The upward moment should match the following notice the pattern after the breakout in the graph below - an almost straight line moving upwards at a slant. This is What we should see from BTC after the 8420 area.

www.investopedia.com...y/charts/charts3.asp

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there are 3 white soldiers always a good sign
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What is 'Three White Soldiers'

Three white soldiers is a bullish candlestick pattern that is used to predict the reversal of the current downtrend. This pattern consists of three consecutive long-bodied candlesticks that have closed higher than the previous day, with each session's open occurring within the body of the previous candle.

Read more: Three White Soldiers - www.investopedia.com...e_white_soldiers.asp

Yorum:

Successfully bypassing the 8600 area will also negate the head and shoulders that's been lurking in the shadows.

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BTCS daily MACD has also crossed over and remains in an upwards trend - so it looks like BTC will go up a bit more although its not apparent from the current behavior