Over the last 3 months I've been learning technical analysis to better trade cryptocurrency and make some money. Right now all altcoins are popping off right left and centre, but some have already gone crazy parabolic, I'm sure they can keep growing, In the climate we are in with money printers going brrr and stimulus cheques, crypto will keep pumping until the bubble temporarily pops and we get that bear market correction. But right now there are still many alts just breaking out of this giant cup and handle pattern on the larger time frames which makes the move even more explosive. Here are some charts I plotted out, you can check out more on my youtube channel also:
https://youtube.com/channel/UC3UUhqipmca8TEPud-USG9A
Of course I also care about the fundamentals but technical analysis is the story printed out which tells you when is a good time and when potentially to sell and this is why I use a combination of fundamentals and technicals to make my buying decisions.
Perlin is one a brought a few days ago and I've already double my money on this investment.
I noticed Akro has formed this pattern also so I just brought now waiting to see how it plays out of course there always a chance patterns can fail with a fake out or shake out. Normally volume can confirm the pattern.
Harmony (ONE) also looked like a good play but I think its at resistance right now especially on the BTC pairing.
Here is an example of when the cup and handle pattern exceeds the measured move and goes completely parabolic. I expect alot of charts to exceed the measured move in this bull market
Let me know if you've traded the cup and handle pattern, and how successful you've been!