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Bullflags

XRP/USDT - 1W - Potential bull flags and channel breakouts Hoping XRP will push up hard with/after BTC. Mid-Nov to mid-Dec could be crazy - the top even? Binance Weekly XRP/USDT chart. Blue curves showing overall long term trend. Yellow channel (flag) and pole's measured move, both meet top of rising red wedge trend. Yellow channel's measured move also hits the 0.5 fib extension from the last impulsive move up. Yellow pole's measured move could tap the 0.618 fib extension area. White bull flag pole's measured move, also looking like it wants to tap the 0.618 fib extension area. Should price break up out of rising red wedge, measured moved hits a long term dotted pink trend line. It could even tap the 0.786 fib extension. Price breaking below rising red wedge = bad times and/or DCA opportunity. Let's see.
Long
by dimuthj
ARPA/USDT TRADE SETUP!Hello everyone, if you like the idea, do not forget to support with a like and follow. ARPA looks good here. Already, broke out from the bull flag pattern and currently retesting it. I'm buying some here and add more in the dips. Entry range:- $0.158-$0.165 Target1:- $0.174 Target2:- $0.182 Target3:- $0.188 Target4:- $0.194 SL:- $0.146 Leverage:- 3x-5x If you like this idea then do appreciate it with like and follow. Also, share your views in the comment section. This isn't financial advice. DYOR before investing. Thank You!
Long
by CoreCrypto1
FTM broke out of two bullish flags!Technically speaking and in personally speaking, I think it's to late to join the part unless you find some lower time frame entry and scalp, but if we do get a retracement then two possible lines of support could be at 2.3358 and the further one out would be 1.6583. 1st TP has already been hit. 2nd TP at around 2.0279. I don't usually support and resistance because I prefer to use supply and demand zones but in this case I don't see a clear zone on the daily and if you go further down the time frames, you will find a bunch of zones and go figure which one will stick. So what I'm planning to do if something else doesn't avert my attention, is wait for price to retrace, look for a new bullish pattern or a zone and trade off of that but of course none of this should be taken as financial advice. Cheers Fantom crew ;)
Long
by solomonroskin
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
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