The left side of the cup is formed by that huge wick so it's not pretty, but considering the volume also fits well with a Cup & Handle pattern I'm gonna say it counts.
Looks like a handle is forming, and there's also a Bullish Divergence that suggests it's heading in that direction.
Watch for a breakout at the neckline!
What a month so far for crypto...I don't think I'll ever forget this one...hope you are all doing as well as I am. Hard to know if this is just the start of a bubble throughout the entire crypto space or if it'll pop any moment as people flee into bitcoin - be careful!
Looks like a handle is forming, and there's also a Bullish Divergence that suggests it's heading in that direction.
Watch for a breakout at the neckline!
What a month so far for crypto...I don't think I'll ever forget this one...hope you are all doing as well as I am. Hard to know if this is just the start of a bubble throughout the entire crypto space or if it'll pop any moment as people flee into bitcoin - be careful!
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Speak of the devil!! Look at that candle!
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Fell further than 50% of the depth of the cup so the pattern isn't looking very strong now - but it's hard to tell, because a lot of the crashes from yesterday and overnight probably have a whole lot more to do with Poloniex shitting the bed than anything else. So I'm cautiously watching.
Seriously Poloniex - get it together. I know volume has multiplied like crazy in a short amount of time, but it's time to put your big boy pants on.
Seriously Poloniex - get it together. I know volume has multiplied like crazy in a short amount of time, but it's time to put your big boy pants on.
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A positive thing to note though, is that there's still a pretty big bullish divergence - and it's gotten even bigger since last night. So let's see - might be a good short term entry point whether or not the pattern plays out.
