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Bullflagbreakout

Buy the new $53000 BTC floor before breakoutNotes: Green horizontal lines are support, circled is the incoming true golden cross (100 and 200 daily moving averages- a very strong buy signal). Here we can see that in the last 2 weeks Bitcoin has had a fantastic run up from support at around $41,000. This is as per my last post where I suggested calm heads were in order and to forget the fear of going to 20k after the big sell off, but instead buy the dip. I hope you managed to do that. We should always remember the simple rule of trading buy at support sell at resistance and ignore emotions. Things got very emotional and fear was at its highest always a great sign to buy as well. Things have got a little more complicated now. If we look closely though, we can see that Bitcoin is in a new parallel upwards channel which is validated by the rising volume throughout the past 7-10 days. Also we are currently within a bull flag , with the flag element sitting right above the old daily high of $53,000. Volume has slowed right down which is normal before a breakout higher which I think is going to be attempted. This old daily high is now acting as the new floor support for bitcoin. As with all breakouts, experienced traders buy before breakouts and not after (to minimise risk) and as we are close to $53k its a good time to buy now. We have plenty of room to move up to around $60,000 at the top of the channel. Yes we could fakeout and come down again but thats why its a good time to buy now around support rather than attempt to short the breakout or buy after the breakout with a wider stop loss. I do expect its more likely we will see some sort of retrace back down to the $53,000 support but as long as price remains above the middle line in the upwards channel (known as the control line), the upwards trend remains intact and we should continue to move to ATH by end of October. I would rather hedge my bets now and add here while I'm definitely buying at support. I still expect $78,000 within a few weeks after the end of October. All in all this price now before the bull flag breakout is a good place to add to longs imo.
COINBASE:BTCUSDLong
by breakoutfakeout
5
Simply put, THETA will out perform BTC next few monthsClear massive bull flag breakout has occurred on the 6-hourly chart (and others). The flag goes back to about 4 months ago now. Very strong sign for THETA/ BTC pair for the next few months. Closing a 6-hour candle strongly above 27,700 sats with high demand will certainly launch a large upthrust. Green squiggle would be a super healthy bullish return to test ATH. But how we come up to test ATH could vary wildly. Regardless, we are likely to at least touch ATH once more soonish.
Long
by lysergik
ASHAPURMIN - Bull Flag Breakout + Retest & Reversal -Swing TradeThe above analysis is done purely on basis of Price Action & Chart Patterns. The analysis is done on daily TF hence price may take few days to few weeks in order to reach the targets. Trade setup is explained in image itself. For a broader view, check out this weekly time frame chart - The above analysis is purely for educational purpose. Traders must do their own study before entering into any trade. Traders must trade as per their own risk taking capacity and money management. Feel Free to comment or message me for any query or suggestion regarding this stock or Price Action Analysis. Checkout my other ideas to understand how one can earn from stock markets with simple trade setups.
NSE:ASHAPURMINLong
by AdityaKarn90
XAUUSD 1864.1 - 0.73% LONG IDEA * PRICE ACTION + STRUCTUREHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, READY FOR THE MARKET THIS WEEK, HERE'S A LOOK AT GOLD FROM THE 4H CHART. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - INTRA-DAY TRAD
OANDA:XAUUSDLong
by PULEMokhothu