The Cup and Handle and Why Everyone is Using it

in #technical7 years ago

You see it everywhere, the cup and handle. A pattern on bar charts resembling a cup with a handle. It seems that it can be applied to every cryptocurrency, why is that?

Screen Shot 2017-06-13 at 12.24.44.png

The reason we see the cup and handle pattern all the time is how explosive the market is. When we go down it goes fast and vice versa, hence we get the cup. the handle is something everyone then applies to the chart. If you are on who dosent really get technical analysis, but want to profit when you see people tweeting the cup and handle this guide https://tradingsim.com/blog/how-to-trade-the-cup-and-handle-pattern/ is very helpsome and makes it easy for you to trade the different aspects of the cup and handle pattern. More post coming soon!

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