BTC: Cup and Handle Pattern?
2024-11-09

A cup and handle is a technical chart pattern that resembles a cup and handle where the cup is in the shape of a "u" and the handle has a slight downward drift.

A cup and handle is considered a bullish signal extending an uptrend, and it is used to spot opportunities to go long.

Technical traders using this indicator should place a stop buy order slightly above the upper trendline of the handle part of the pattern.