Quote from: BTCtrader71 on July 18, 2015, 02:41:42 PM

Quote from: smoothie on July 18, 2015, 11:17:19 AM

Quote from: molecular on July 18, 2015, 09:26:22 AM

I spotted potential cup & handle pattern on daily chart:

Here are some criteria and notes taken from http://www.investopedia.com/university/charts/charts3.asp

This is a bullish continuation pattern where the upward trend has paused, and traded down, but will continue in an upward direction upon the completion of the pattern.
First, it's important that there is an upward trend before the formation of the cup and handle.<- check
The construct of the cup itself is also important: it should be a nicely rounded formation, similar to a semi-circle <- check?.
The reason is that a cup-and-handle pattern is a signal of consolidation within a trend, where the weaker investors leave the market and new buyers and resolute holders stay in the security <- fundamentally plausible

a traditional cup-and-handle pattern should be between one-third and two-thirds the size of the previous upward movement <- check
During this downward move, a descending trendline can be drawn, which forms the signal for the breakout. A move by the security above this descending trendline is a signal that the prior upward trend is set to begin <- let's see

How exactly is the red portion satisfied?

"previous upward movement" meaning?

previous upward movement = previous uptrend on molecular's chart; rise from ~ 165 to ~ 300, ie rise of $135
The cup caused a dip from ~ 300 to ~ 210, ie dip of $90
$90 is between 1/3 and 2/3 of $135

(Disclaimer: I am a not an expert at TA)

Yes I spotted that one too it looks a possibility. I'm slightly perturbed by that flash crash in btc-e though