BTC [1W] Cup with Handle is formed
Hello friends!
We have prepared an analysis of the BTC chart based on the "Cup with a handle" pattern.
At the moment, all the conditions for working out this pattern have been formed.
1. There was a bullish trend before the pattern was formed
2. The deflection in the cup is not more than 80% of the previous trend
3. The length of the handle is not more than 50% of the length of the right side of the bowl
4. All this is on a high time frame of
5. The EMA 200 enhances the pattern when the handle is located at the bottom
We have prepared an analysis of the BTC chart based on the "Cup with a handle" pattern.
At the moment, all the conditions for working out this pattern have been formed.
1. There was a bullish trend before the pattern was formed
2. The deflection in the cup is not more than 80% of the previous trend
3. The length of the handle is not more than 50% of the length of the right side of the bowl
4. All this is on a high time frame of
5. The EMA 200 enhances the pattern when the handle is located at the bottom
With best regards
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