Cup and Handle Analysis (BDL, SPR, GEO)

People are often concerned with their portfolio growth - especially when missing out on lost opportunities. There is no way to predict the market with perfect accuracy. But there are many strategies that technical experts swear by. Today we will be introducing you to the cup and handle pattern. This simple indicator that is easy spot often leads to low market cap coins booming!

Below shows the recent activity BitDeal (BDL). You can see the cup and handle pattern that has formed followed by a steep increase in price. This one isn’t over yet. It should experience a continued rise in price over the next month.

Contributors: Adam Hirsch

6 Month Look at BDL

Zooming out shows a large wedge starting in late september. It consolidated to mid December giving rise to the cup and handle. This may add more momentum to the cup and handle!

SPR/BTC

I have been following Spreadcoin for several weeks. Now a spectacular handle is in the process of forming. This one has the potential of a 10x price increase!

GEO/BTC

Geocoin formed a cup and handle pattern that led to an impulse several months ago as seen to the left of the chart. It’s bound to repeat the same pattern. The results will of course be different, but the cup and handle suggest a large increase in price is coming very soon.

Recap from Last Week

From our analysis last week, we successfully projected 2/3 of our picks. GEO and SPR both took off! Let's go over those gains to explain what happened.

As was projected, after a long period of inactivity followed by the consolidating triangle on the right, the price increased approximately %300 in just a couple days.

GeoCoin moved even quicker than we expected with 500% gains overnight! By recognizing the trends we were able to create an opportunity of investment.

Picks for this Week

This week we will be looking at Qwark (QWARK) and Creditbit (CRB)

We are seeing more suppression of value from mid October to January with a consolidations downward in traingle formation. Look for this coin to break out very soon!

Again we see another powerful indication of trends upward. We expect these coins to get similar gains as we saw last week with GEO and SPR. We will recap our projections next week!

Note: This is only meant to be used for entertainment or informative purposes. It does not guarantee that what I predict will happen.