Get started

Bullflagpattern

JICPT| BTC intra-day surged by over 4% on growing US ETF hopes! Hello BTC traders. From Sept. 29th, bitcoin has rallied by almost 50%. Today it surged by over 4% on the growing hopes that SEC will approve the first bitcoin ETF soon. If the etf launches, it means more funds into the crypto currency. Currently, I don't know the specifics of the ETF, e.g. minimum investment amount, fees . If the ETF is friendly to retail investors , there will be another around of spike. The historical level of $64895 won't be an issue. Let's take Tesla for example here(maybe not appropriate), Tesla surged well by over 20% for the first month after it entered the S&P 500 on Dec. 21, 2020, in a rebalance of the index. Technically, the formation since September end is bull flag pattern . I marked the yellow zone for possible pullback entry. As BTC is volatile, we couldn't rule out the likelihood of the deep retest , say SEC rejected or delayed the etf application for whatever reason. Be careful of trading the crypto, the abrupt big move could easily wipe out your account. What do you think? Will bitcoin pass the record high next week? Let's see.
BITFINEX:BTCUSDLong
by JICPT
VET/USDT TRADE SETUP!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this VET trade setup. VET looks promising right now. Currently, trading inside a bull flag like structure. As soon as it break out, it will pump huge. So buying some here and add more in the dips. Entry range:- $0.1066-$0.11 Target1:- $0.116 Target2:- $0.123 Target3:- $0.128 Target4:- $0.136 SL:- $0.1022 Leverage:- 3x-5x If you like this idea then do appreciate it with your like and follow. It really motivates me to work more and more. Also, share your views about this setup in comment section. This isn't financial advice. DYOR before investing. Thank you!
Long
by CoreCrypto1
BTC/USDT Bullflag within rising channel. Is 60k$ next?Intro: - Bitcoin is the first of its kind as cryptocurrency and is looked at a store of value like gold , just better. - The whole crypto market follows in some way the movements of the Bitcoin price while being much more volatile. - SEC confirmed that crypto will not be banned and especially Bitcoin and Ethereum will not be banned. Daily chart: - Price shows a breakout above the yellow resistance line. We now form a bullflag within a rising parallel channel drawn in purple. - Volume is on a steady decline since Mai and rather low for a breakout. This means currently there is not much resistance from sellers. Considering only the last 10 days volume starts to increase. - RSI analysis shows a breakout as well and faces resistance around the 70 line. If we see an upwards breakout for the bullflag we also will see an upwards breakthrough for the RSI. - Support lines are at 52.5k$, 48k$, 41k$ and 30k$. The bottom of the parallel channel can act as support as well. - Resistance lines are at 59k$ and possibly around 64k$. Expectation: - We expect a further price appreciation during the next three months and a solid recovery into October. So far we did see a great start and are looking forward to smash the last resistance lines before we head into price discovery. - Looking forwards into October where we might see an ETF approval for Bitcoin . This would be in favor for the whole market. - We expect a bullflag breakout within the next 10 days. Our next target is 60k$. - End of the year prediction: We will see a 100k$+ Bitcoin before the end of 2021. Basic rules: - Never buy the top/ ATH - Take profit as long as you can (also partial profit is profit) - Use Stop/loss for leveraged positions - If you are not experienced, don't leverage in the first place Enjoy the ride and don't be too greedy. If you like the content, please like, comment and give this channel a follow. We would love it if you could share your thoughts in the comments. Discussions are very welcome here. Always do your own research and keep in mind that my charts and comments cannot be considered financial advice. Cheers ps. Chart explanation: Main lines: - Green lines are tested support lines. - Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet. - Cyan line is for volume trendline. - White lines are Fibonacci retracement levels Helplines: - Purple lines are trendlines we take a look at. - Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA. - Yellow lines are for visual help only. Specials: - Boxes represent either entry zone or support zone . Check the description. - Cameras represent MA crossings. Yellow camera stands for a golden cross while the cyan camera stands for a death cross.
Long
by tumbler55
1
DENT/USDT - Binance - Potential channel and bull flag breakout Chart looks a bit noisy, but I'm testing out the Trend-Based FIB Time Indicator, hoping the retrace will bounce at its 1.0 marker. Further confluence of this present, as this point is also where the 50EMA, top blue CPR and a longish-term green trend line all meet. Channel break DOWN measured move meets the 100EMA and red CPR line. If there's further downward movement you could DCA at the lower red CPR lines. Channel break UP measured move meets the 3.82 FIB and the 1st green CPR line (around 0.006148). Further upward movement could lead to two potential pole moves; yellow meets the 1.0 FIB extension (0.007148ish) and white hits a green CPR (0.007382). All eyes on BTC
Long
by dimuthj
OMG/USDT - Huobi - Potential Bull Flag and DCA OMG at resistance meeting top of pink channel. If it bounces at the 21EMA step line then price could break up and out to meet the pole's measured move. Green CPR line also meets the pole's measured move target range. Closing below the 21 EMA steps could bring price back lower into the pink channel. Price could bounce on the green 50 EMA and/or blue CPR ranges. Lower still, the red 200 EMA could be good for a bounce and long around $13.88. Could get a potential wick down to grab the $12.88 range also maybe. All dependent on BTC as always.
Long
by dimuthj
7
Is Bitcoin trading in a Giant Descending Triangle?On the RSI there appears to be a noticeable divergence, there's a series of higher lows forming an ascending triangle. The price is displaying a series of lower highs forming a descending triangle. A bullish divergence or bearish divergence? A bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend. Bearish divergences signify potential downtrends when prices rally to a new high while the oscillator refuses to reach a new peak. In this situation, bulls are losing their grip on the market, prices are rising only as a result of inertia, and the bears are ready to take control again. On the KST there has been a bearish cross on a 1-year chart. In this 5-year chart, it appears as though a bearish cross is on the verge of occurring near term on the Williams alligator. It's always possible this pattern plays out as a Giant Bullish Flag, expect to see a re-test of the baseline of support & possibly a fake-out to the downside before breaching the horizontal resistance and re-testing ATH's.
COINBASE:BTCUSD
by ScotianBot
2
£AZN 1-day classic patternsQ: What has the highest probability of occurring? After being one of the strongest performers in 2020 during the initial UK lockdown the stock lost over 30% of its value. In 2021 it has staged a modest recovery but is still over 15% below its all time high requiring an over 20% rally. There is well tested support at 8100p and resistance at 8775p. There is 2 classic patterns 1 that has not validated. 1 that has validated. The bull flag, with a breakout of 8775p, stop at 8100p, and projected target at 10150p. A risk-to-reward ratio of 2R. The breakout from the bull flag needs to be confirmed by a close outwith both the flag and resistance. A difficult task therefore requiring more time to confirmation. The double top, with a breakout of 8100p, and projected target at 7400p. Using a stop half the size of the range creates a 2R opportunity. The stock also pays a 2.48% dividend semi-annually. Given the length of the setup this trade may run deep into 2022 to allow that dividend to be collected. Although before that point there will be 2 earnings releases adding volatility to any potential positions held. The short trade is therefore not of interest here however considering it has validated this may act as a catalyst for the long side. But again it is not yet validated.
LSE:AZNLong
by xciiitradingco
BRK looking goodbullflags on bullflags turn into bullflags The tyupical anatomy of a bullflag is a pole, then a core that looks like a steep bullflag, then an exit, which typicall forms a container bullflag around the core, often contains a mini bullflag, and repeat. So here... Big green bullflag Core is awedge (green) exit bullflag was a wedge -> bullflag (yellow) Now that will morph to a flatter bullflag (purple), and prob have a tiny buillflafg in the top-right corner. The whole purpose is to jam in up the stairs adn down the elevator as much as possible to work off RSI and shed the sellers
ASX:BRK
by UnknownUnicorn13172879
2
Higher Breakout FET/BTC #FET #FetchAI $FETHere we see our FET daily chart from Bitfinex and you can clearly see this pullback is a Bullflag ! Shown in-between those black lines . The purple lines show the length of the flagpole on our last rise up that took us to 2500 area . That flagpole was at least 1200 sats high and when we break out of this Bullflag we will be going up by at least that much upwards . So if we break out near 2200 sats, give or take - we should then be targeting 3200 to 3400 area , and possibly higher ( I won't be surprised if we wick to 3700 area . ) But 3200 is a strong weekly resistance , and 3400 is the .236 fib of our full fibs on the Binance chart so I expect to hit resistance there . At any rate this looks great and will continue to do well the rest of 2021 , at least .
Long
by shimmeringpath
SOL about to make moveHi all and welcome to this analysis on SOL-USDT; this is the 4H chart and we see that SOL price is being firmly consolidating in a triangle; I think this could go either way, but I think can upward movement is more likely. The pattern we see here is similar to a bull flag, also the price has recently sprung back strongly from the 0.38 Fib ratio level shown. Let's see how this pattern will develope upward target: 210 $ or higher downward target: 135-100 $ check for volume and confirmation in any direction if you want to trade this.
by s_hasan_zolanvar
2
SPX 1-day classic patternsQ: What has the highest probability of occurring? Solid uptrend. There are 2 classic patterns 1 is approaching its target the other has not validated. The bull flag from July is approaching its target. The pattern projects 4570 as the target. The ending diagonal, that appears to be in a throwover, is not validated. This pattern projects 4140 as the target. Objectively looking at previous structure there are a two major bearish classic patterns that failed. Specifically double tops that breakout into an uptrend as the second top is about to form. Buying the retest of the double top or former resistance was a great strategy. Bull flags also proved successful, in hindsight of course. Since the bull flag from July is the only validated pattern the current position is long with a bias in favour of the uptrend continuing. N.B. the current daily ranges are in the lower half of the distribution of all ranges this year. This indicates low volatility by 2021's standards. When the rate of change crosses from -ve to +ve it acts as a good entry signal for this trend. The market gains momentum after the majority of crosses. Low volatility and momentum are prerequisites for steady trends but are not predictors of direction. Finally the ending diagonal is for those with skepticism. If something untoward were to happen there is a framework for trading a 10% correction. In the words of Ed Seykota, "The trend is your friend except at the end where it bends."
OANDA:SPX500USDLong
by xciiitradingco
PRINCEPIPE - Bull Flag Breakout - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets. Trade setup is explained in image itself. The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to connect with me on any of my handles for any query or suggestion regarding this stock or Price Action Analysis.
NSE:PRINCEPIPELong
by AdityaKarn90