My favorite bullish pattern on GAS/BTC!

in #bitcoin6 years ago

After looking at @haejin analysis on GAS (which he also pointed out a cup and handle formation), I've noticed another cup and handle formation over the last two weeks on the 4 hour chart.

2018-01-30 (2).png

You can see the left side of the cup was formed with high volume. The bottom of the cup was formed with decreasing volume going down and then increasing volume on the way up. At the right lip of the cup you can see a pull back on lower volume. You can read a more in depth explanation of a cup and hand pattern here:

https://www.investors.com/how-to-invest/investors-corner/the-basics-how-to-analyze-a-stocks-cup-with-handle/

What I would watch out for is a break upward from the handle with high volume confirmation.

Trade the trend - the trend is your friend!

Good luck!

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Thanks! I tried the link but didn't redirect me properly...

So if you hold NEO you get Gas free in dividends. It is now expensive to accumulate NEO but Ven is still cheap and holding it will get you free Thor and at a faster rate then Neo/Gas. FYI.

Can you actually get Thor yet? I thought I read something that they haven't come out with the right wallet yet.

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