Title: So how many of you missed the perfect "cup and handle" movement late November? Post by: BitcoinDistributor on January 13, 2015, 09:47:17 PM Back in late november bitcoin did what chart analysts know as a cup and handle movement. The drop and slow curve as more people buy, but less people sell. Then when it reaches its high again, it causes the weak to sellout thinking they are just glad to make their money back.
You look at the chart and see it dips a little after from the fallout of weak investors after making high again but the buy point was around $350 or so. Well within 3 weeks later, it hit $425, netting some a nice profit of ~20% on their investment. Curious how many took advantage of this? I don't look at bitcoin charts often anymore because I've believe BTC has been long overhyped and overpriced past $125 but mad I missed this one. Title: Re: So how many of you missed the perfect "cup and handle" movement late November? Post by: podyx on January 13, 2015, 09:51:01 PM Title: Re: So how many of you missed the perfect "cup and handle" movement late November? Post by: BitcoinDistributor on January 13, 2015, 09:58:02 PM Look at bitstamp 3 month chart and you'll see what I'm talking about.
Title: Re: So how many of you missed the perfect "cup and handle" movement late November? Post by: poncho32 on January 13, 2015, 10:04:39 PM I expect he's describing a trading term. I'm not a trader so I don't know any of the terms except dead cat bounce.
Title: Re: So how many of you missed the perfect "cup and handle" movement late November? Post by: podyx on January 13, 2015, 10:12:58 PM img]https://i.imgur.com/uT4fv9x.png[/img] Look at bitstamp 3 month chart and you'll see what I'm talking about.Seriously though, what the fuck are you talking about? ;D nop, links or pics could help Title: Re: So how many of you missed the perfect "cup and handle" movement late November? Post by: RyNinDaCleM on January 13, 2015, 10:22:54 PM img]https://i.imgur.com/uT4fv9x.png[/img] Look at bitstamp 3 month chart and you'll see what I'm talking about.Seriously though, what the fuck are you talking about? ;D nop, links or pics could help I can only imagine OP is talking about this https://i.imgur.com/iviXJ1o.png The problem is, that cup & handle should have followed the orange line because the "handle" (the small bull flag looking shit on the right) should have been only a correction when in fact it was the beginnings of this here 5th wave to hell. Title: Re: So how many of you missed the perfect "cup and handle" movement late November? Post by: BitcoinDistributor on January 14, 2015, 12:25:01 AM img]https://i.imgur.com/uT4fv9x.png[/img] Look at bitstamp 3 month chart and you'll see what I'm talking about.Seriously though, what the fuck are you talking about? ;D nop, links or pics could help I can only imagine OP is talking about this https://i.imgur.com/iviXJ1o.png The problem is, that cup & handle should have followed the orange line because the "handle" (the small bull flag looking shit on the right) should have been only a correction when in fact it was the beginnings of this here 5th wave to hell. Title: Re: So how many of you missed the perfect "cup and handle" movement late November? Post by: BitcoinDistributor on January 14, 2015, 01:06:57 AM This is what I mean. Sorry - I'm not good with drawing / editing photos. I've specified where the buy point would've been if you saw the cup and handle at the time.
https://i.imgur.com/mg1eTsF.png?1 Title: Re: So how many of you missed the perfect "cup and handle" movement late November? Post by: Morecoin Freeman on January 14, 2015, 01:08:00 AM Sorry - I'm not good with drawing / editing photos. You don't say.Title: Re: So how many of you missed the perfect "cup and handle" movement late November? Post by: podyx on January 14, 2015, 01:17:40 AM I didn't miss it.
I went long at $375 and made $4-5k in 2 days Thought a new bullrun had begun so I held on to it and lost all the profit though :( Title: Re: So how many of you missed the perfect "cup and handle" movement late November? Post by: RyNinDaCleM on January 14, 2015, 01:23:52 AM This is what I mean. Sorry - I'm not good with drawing / editing photos. I've specified where the buy point would've been if you saw the cup and handle at the time. [img] My chart was bitstamp but I see yours is a little guy in the bottom of mine |