Similarities between Cup and Handle and A Bullflag
This Bullish log chart for BTC shows a clear cup and handle
Yet these could be acting as a quasi-bullflag, flagpole at the same time.
Both experience an upward move initially (cup, flag-pole) and further consolidation period (handle, bullflag)
Both are bullish but experience a similar development as bullish tools. That will always continue to form over time.
The handle if viewed in a 3D state can be seen as 'protruding' much like a flag on a flagpole. Creating this distinction.
Yet these could be acting as a quasi-bullflag, flagpole at the same time.
Both experience an upward move initially (cup, flag-pole) and further consolidation period (handle, bullflag)
Both are bullish but experience a similar development as bullish tools. That will always continue to form over time.
The handle if viewed in a 3D state can be seen as 'protruding' much like a flag on a flagpole. Creating this distinction.
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