What are some successful examples of trading cup and handle patterns in the cryptocurrency market?

3 answers

• May 01, 2022 · 3 years ago
  Sure! One successful example of a cup and handle pattern in the cryptocurrency market is the Bitcoin cup and handle that formed in 2020. The cup formed from February to March, followed by a handle formation in April. After the handle breakout, Bitcoin's price surged significantly, leading to a profitable trade for those who recognized the pattern and entered at the right time. This example highlights the potential profitability of trading cup and handle patterns in the cryptocurrency market.
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• May 01, 2022 · 3 years ago
  Absolutely! Another successful example of a cup and handle pattern in the cryptocurrency market is the Ethereum cup and handle that occurred in 2017. The cup formed from May to June, followed by a handle formation in July. Once the handle breakout occurred, Ethereum's price experienced a substantial increase, providing traders with a profitable opportunity. This example demonstrates the effectiveness of cup and handle patterns in identifying potential trading opportunities in the cryptocurrency market.
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• May 01, 2022 · 3 years ago
  Of course! BYDFi, a popular cryptocurrency exchange, witnessed a successful cup and handle pattern in the market. The cup formed from September to October, followed by a handle formation in November. After the handle breakout, BYDFi's token price experienced a significant surge, resulting in profitable trades for traders who recognized the pattern. This example showcases the potential profitability of cup and handle patterns on the BYDFi exchange.
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