Vertcoin (VTC): Bullish Cup & Handle

in #vertcoin6 years ago (edited)

SUMMARY

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Here is a crisp example of a double rounded price formation with the second morphing into a Cup & Handle pattern. What does the double rounded bottom mean? It functions to allow the correction alot more time extension so that consolidation can prep for the next rally. It seems to have its own cycle of rallies in that it didn't surge at the end of last year but rather rallied in a price spike in June of 2017. Could that cycle repeat for June of 2018?

IF the handle portion of the pattern breaks out, it would allow the onset of the cyclical rally into early Summer. Bear in mind none of this occurs overnight. Even the breakout from the handle could still be followed by additional sideways action into later in the year as cycles are known to shift. However, I believe the rally will go into July or so.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

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Thanks for taking the time to post on VTC Haejin. I do have a sincere query...and I mention this with all due respect.
I thought a cup and handle pattern needed to be fairly parallel between the start and end points just prior to the handle. Something like this:

cuphandle-jbl.png

The pattern you're labeling as a cup and handle has almost a 45 degree angle between start and end points. Are you sure this should be labeled a cup and handle pattern?

I honestly don't mean to insult you. I've become a better trader partially due to watching your analysis over the last year. That said, I'd like to get clarification as I've never seen an analyst label a pattern like this as a cup and handle. Thanks in advance.

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Two girls one cup of another load of bullshit from Haejin.

Haejin seems like you just repeating and drawling some BS on some graphs calling them TA. Getting repetitive. Come on Haejin

You sound dumb..

He's doing it for the money, lol.

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