I was looking at the 1 hour candle for the Bitcoin chart at Trading View. It looks like the handle is coming soon?
Like I said the cup hasn't even formed yet, it needs to reach at least the 10,000$ level for it to form a cup and then proceed and try and form a handle, if it goes down now then this isn't a cup and handle pattern
So that means it will be bullish afterwards? How about if the handle does not come, it will be bearish?
Yes we can be bullish afterwards that's if the cup and handle formation becomes successful. But anytime now this formation can be invalidated with just a quick breakdown of the pattern, meaning if we have red candles on its succeeding hours.