Cups and Handles in BTC, BNB, USDT, USD the market swings

27 mar 2018

I see cup and handle formations in BTCUSDT and BNBUSDT on Binance. The market seems to be swinging in between fiat and crypto, most pairs are too closely correlated with BTC to swing the bounces, but BNB is still great for quick flips.

Here's the BNB chart:


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This has been for educational purposes only and is not intended as financial advice.

27 mar 2018

Trade attivo

Look at the direction of this chart on the live candle. Notice it can follow either the dotted downtrend or the solid uptrend from here, and as long as the candles continue to close above the solid line, we're in an uptrend on this fragment of the journey.

27 mar 2018

Nota

So far so good, still holding the trendline. Ichimoku shows us the turbulence ahead. I'm expecting a pullback from the top of the right end of the cup and handle before we get a clear decision. When we reach that level, it'd be wise to shore up your stops pretty tight.

27 mar 2018

Nota

BNBUSDT Binance| Personally I'd place a stop at the first red line if the second red line is hit, because that's the area where a significant inside bar broke down prior to the dip of the handle.

27 mar 2018

Nota

This isn't a good development for the bull case, looks like there will be more flagging action before this pattern is at a decision point. We will need to find support.

27 mar 2018

Nota

Check this out:



7878.58 is your stop loss target if you're long.

-Educational purposes only-

27 mar 2018

Nota

Correctional Elliot wave may be enough to save the bulls for this setup

27 mar 2018

Nota

Old supports are broken, we're flagging into a symmetrical triangle pattern. The red support line must be maintained in order to stay neutral to bullish and if broken, we may retest to lower lows. A break of the cup and handle will signify more proof that the higher low is established.

27 mar 2018

Nota

19 minutes and counting on 1h timeframe, cutting it close. If this candle closes below the triangle, I'll be leaning mostly bearish and a lower low is much more likely.