Bitcoin Forum

https://www.tradingview.com/x/mHgsKYiT/

http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:cup_with_handle_continuation

Sorry. It took atleast 1 year to reach $400. Still hanging to stable around $280.

I sure do hope so but I forsee a fall back to 220-240 for a very.. very long time.

$400 is too far away. let's first make sure we go over the $300 level and stay above it for a while before we focus on $400 and up.

We were promised the pattern shown by the red bit I added to your chart. It didn't happen. Why should we trust your promised pattern? Drawing a few lines on a chart isn't going to make it happen. If we go lower what's to stop another person drawing some more lines to prove that's the handle of a cup and it means moon?

People can keep doing that until we reach the bottom of the cup.

http://s27.postimg.org/dr5a6hlyr/cuph.jpg

You might think that, but bitcoin is in a bull market so that is not actually true.

I don't recall promising that  ??? I think normally a handle takes a bit longer to complete like the arrows I've drawn, but I'm not promising it either. Point I'm trying to make is that once bitcoin gets above the upper trendline of the wedge on the handle its game on... maybe

Disclaimer: blah blah blah your investment desicions are your own

Cup and Handle is a technical analysis made by William O'Neil but like every other technical analysis this can easily be defeated by any small fundamental analysis.
I belief OP understand this clearly.

Not sure its as easy as that, in a fundamental analysis you always be missing some of the pieces of the puzzle, maybe a critical piece. Eg I thought fundamentals for gold have been bullish since 2011 but turns out not so, I still believe fundamentals for gold are bullish and yet it falls further..

I am a season forex trader so I understand clearly what I am saying but do remember that fundamental analysis is always effect within the 1 hour of it appearance but technical will take charge when there is no fundamental analysis. Check forexfactory.com for forex fundamental analysis and see how it is done there and I am sure bitcoin will not be different.

Thought I'd update my cup n handle chart, despite wedge (in previous charts on this thread) breaking downwards still looks to me like handle is potentially forming.

https://www.tradingview.com/x/zGtLQmSQ/

Cup took almost 5 months to form so handle taking a while to complete is not a big surprise. Waiting for bullish moves supposing the upper green line of the handle is finally broken.

If price continues falling below about $254 where lower trendline lies then i'll consider chart pattern looks invalid.

Hope you're right bro! We could desperately do with some kind of positive momentum. The current price range is depressingly awful. 

I can agree with these comments about the potential C&H. I too remember talks (not necessarily "promises") of something along the lines of that red path outlined a few posts above. I remember thinking to myself; "5 months in the cup and 2 weeks in the handle?, yeah right" but now it has better proportions and is more believable.

 https://i.imgur.com/SPbEfiN.jpg

L M A O

takes 10k to drop the price $4 but just a few hundred to get it back up.... support is way too strong.

10KBTC or 10K$? If you mean 10KBTC then it will make the price go down at least 10% at most exchanges. BTC-E will probably go down 30-40% with just a 10KBTC dump.

This should go in memespec

Everyone should know better than to use the order books to gauge support.

All too often it is pulled as price moves towards the big bids.

Maybe you thought wrong. Perhaps some Martin Armstrong Economics for you. I do not particularly follow gold prices keenly, just a bit here and there yet, I *know* from sources, it is looking bearish for the coming months (despite the recent price up). Macro - fundamentals perhaps?

https://bitcointalk.org/index.php?topic=1082909.new;topicseen#new

I think somebody broke the cup, cause this is not going to $400 xD

We'll see  :D

Yep the USD is definitely in a bear turn now.

Just look at EUR/USD its been collapsing for 4 years now, and it hit very low support zones, all based on the rhetoric of the FED of raising USD interest rates, which it wont.

If truth gets out EUR/USD will get pumped back, and possibly BTC/USD too as the calamities in the market will have a + favor for BTC!

People often forget, that FED isnt concerned just about inflation but about China too - and those guys are notorious for manipulating Renmimbi. Raising interest rates would put US companies at disadvantage.

I didnt really watched the china situation, but i know that basically the FED is begging the PBOC to leave them alive. They are rivals but they are in this together, China owns most of US bonds, and China has most exports to US (although they are strategically repositioning themselves already) so its their common interest to have a strong economy.

I bet the FED guys were frightened when they saw the Chinese stock collapse, they though that if China has market problems it might sell their US T bonds, and then the FED would be in big trouble.

Either way this is only a cat-mouse game, and QE4 will happen eventually, so USD will be sacrificed to save the US economy.

At which point BTC/USD can be not 400$ but 400,000$ :D

Goodbye to the cup n handle formation ...


 :'(     :'(      :'(

https://www.tradingview.com/x/iAEDLVPH/

Kwuckduck was right afterall

 :'(

He wasn't right, he had luck because the timing was right for the blocksize debate to start getting super heated and cause panic etc. After this storm is over we'll see the price going back up, but don't expect anything until this shit is solved, so keep your core nodes up.

he wasn't right in the sense that btc is going to crash and burn so to speak.  I have no dopbut it's here to stay, thats why companies like coinbase are getting $100 mil+ in funding.  They know its here to stay and so do their investors.  BUT thats why they're investing in payment companies/btc infrastructure.  They know the price is too wild to bet on making money there (although with that type of money they surely could manipulate the price if they wanted to). 

Most people dont know how to read the TA (technical anaylsis) in general. I mean people would debate on how its read based on their own strategy of trading.. so yeah.

I really dont see the support, but then again I dont day trade lol.