BTC\USD Cup and handle and a bullish flag Pattern

19 Agu 2024

BTCUSD
Hi everyone! It's been a while since I analyzed charts, so please take my observations with caution.

This morning, while looking at the daily chart, I noticed a potential cup and handle pattern along with a bullish flag. I'd love to hear your thoughts in the comments! I think the cup and handle is particularly intriguing because it typically signals a bullish continuation, especially if the breakout occurs above the resistance level. The fact that it’s forming alongside a bullish flag could indicate strong buying momentum as well.

I’m curious if anyone else is seeing similar patterns or has insights on this setup. Let's discuss!