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Cryptocurrency: Getting A 'Handle' On The Situation And Moving Higher

By Tim KnightCryptocurrencyOct 26, 2021 12:31AM ET
www.investing.com/analysis/cryptocurrency-getting-a-handle-on-the-situation-and-moving-higher-200606285
Cryptocurrency: Getting A 'Handle' On The Situation And Moving Higher
By Tim Knight   |  Oct 26, 2021 12:31AM ET
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As strong as crypto has been lately, I think it is on the cusp of an explosive move higher. My reasoning is a simple one and, me being who I am, it is chart-based. I present you: the cup with handle.

Bitcoin Price Chart
Bitcoin Price Chart

The above is Bitcoin. It has already completed its own pattern quite nicely. Indeed, this is one of the cleanest and best-defined such patterns I’ve witnessed.

Below is Ethereum, which is sporting the same pattern, although it’s a little shy of its lifetime high, so it hasn’t quite pushed to new highs recently like BTC did.

Ethereum Price Chart
Ethereum Price Chart

My view is that the alt-coins I own have gorgeous charts, and if the leaders BTC and ETH can fulfill their cup-with-handle destiny, then these alt-coins I’ve got should be terrific, such as the lovely Curve:

Curve Chart
Curve Chart
Cryptocurrency: Getting A 'Handle' On The Situation And Moving Higher
 

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Cryptocurrency: Getting A 'Handle' On The Situation And Moving Higher

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Comments (3)
CarrieAnnaDalio Dalio
CarrieAnnaDalio3 Oct 26, 2021 7:10AM ET
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he don´t like gold
Josh Modern
JoshModern Oct 26, 2021 1:11AM ET
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definitely going higher
York Regent
York Regent Oct 26, 2021 12:37AM ET
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So you changed your tune. Thats the proof that you guys cause ups and downs in market for personal benefit or for the benefit of your owners.
Matt Cavagrotti
Matt Cavagrotti Oct 26, 2021 12:37AM ET
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Tim has been in crypto off and on for several months; and to my knowledge, he has never written a bearish article about it, either.
 
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