BullFlag on FTT aka a SBFlag (broke out & re-tested already)
Updated
BULLFLAG on FTT-PERP (FTX ); target should hit just under 90$. If BTC dumps, all trades follow. If BTC cooperates, we all win.
BF looks completed, brokeout and restested. Closed above, should be good to long it from here.
Entry would be current price ~$55.
Targets always just before Fib Lines. Final Targe twould be just before $90; dont be greedy, take profits BEFORE those fib lines and BEFORE those psychological numbers ei $90.00.
Doesnt take much for BTC to bleed the market, so manage it tightly, don't over invest, take profits and shift your SL above entry once youre trade is above entry.
Not financial advise, jsut sharing my thoughts and hope you can succeed from my shared ideas.
Feel free to leave comments, hit like to show support and if you manage to hit targets from my ideas, please let us know and tips are always welcomed :)
BF looks completed, brokeout and restested. Closed above, should be good to long it from here.
Entry would be current price ~$55.
Targets always just before Fib Lines. Final Targe twould be just before $90; dont be greedy, take profits BEFORE those fib lines and BEFORE those psychological numbers ei $90.00.
Doesnt take much for BTC to bleed the market, so manage it tightly, don't over invest, take profits and shift your SL above entry once youre trade is above entry.
Not financial advise, jsut sharing my thoughts and hope you can succeed from my shared ideas.
Feel free to leave comments, hit like to show support and if you manage to hit targets from my ideas, please let us know and tips are always welcomed :)
Note
slight miscalculation and error on trend line placement (upper line of BF). Target till be $77 NOT just under $90. If you've place limit sell orders, please adjust. You can keep it at under 90$ if you want, but the target is a measured move of the height of the BF pole from the tip of the flag. So in this case, tip of the flag would actually be $51 area, not $55. We dont wanna be too greedy knowing how quick things can turn red. So, alwasy manage your trades closely and take profits early. You can alwasy re-enter anytime or look for other trade setups, esp once profits are secured. Happy trading guys. $77 is TARGET not $90
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.