Get started

Bullflags

SKLZ - Will this Adam & Eve work out?Congrats if you had entered near it's Adam and Eve's bottom @ 12.50 (a 76% gain by now!). I am still bullish on it at the moment due to the mini bull flag that has formed in the past few days and finally a close above it's neckline @ 12.50 yesterday. Let's see if the A&E target of $30 will materialise! Stop loss @ 18.90 for now. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
NYSE:SKLZLong
by Juliac
Flags, Waves, Extensions Oh My!Bull flag breakout in Feb 2021 created impulse wave upward with 5th wave culminating in April 2021 top. This was followed by A-B-C retracement pattern from mid April thru mid May 2021. Mid May C point low is 1.618 downward extension from prior upward wave high point at wave 5 and low point of wave 2. From C point in mid-May 2021 we are consolidating around the 30k support range and forming a triangle and possibly a bear flag pattern. Should price break above this triangle and the June 3rd high this could lead to a new upward impulse move which begins a new 5-part wave pattern upward possibly meeting or exceeding prior all-time-highs. Conversely a break below the triangle could send price down to prior resistance levels from December 2020 which may function as support.
BITFINEX:BTCUSD
by BDTrading
GBPNZD on a bull flag 🦐GBPNZD on the 4h chart after the rejection by the monthly resistance retraced at the 1.93650 area. The marker started a new impulse and is now trading inside a bull flag. According to Plancton's strategy if the price will break above we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
5
Ethereum update. Might be time to pile in.Do you want to wait for wedge breakout as confirmation to signify departure of seller interest? Yes, absolutely. If you are a coinbase buyer, however, this is a decent bet. We’ve watched price swell up and down for a while, and now it’s in the middle region. We avoided buying at the top, and selling at the bottom. Now it might be time to jump in. No bet is without risk. You have to be willing to stick your hand into the toothy mouth of mother market to play. In my opinion we are sitting at a lower than usual probability of getting chomped. Good luck.
Long
by emehoke
Bitcoin Wyckoff Accumulation Have We Seen the Ultimate Low?At the moment of writing we are testing the 36k as support, when this holds it is likely that we are not going to another lower low in the near future. The 36k is supported by two fibonacci retracements and has been tested before. If we hold support it is likely that we will try to reclaim 37k for this to be effective and succesful an increase in volume is needed. However when we fail to find support on the 36 it is likely that we are going for a revisit of the 34k which is supported by the First Support line fo Wyckoff. As I said in a late night update last night, it looked like the price was forming a bull flag. Which a few hours later go a fake-out since the break was not supported by any volume. However a few hours ago we go at break to the downside, this was supported by volume. The downside target of the flag is also around the 34k which, if we break 36k, would indicate another signal that the price would move to 34k.
BITFINEX:BTCUSD
by DaanVerbeek
4
UPDATE! Gold on bull flag? 🦐GOLD after our last call broke the bull flag and now reached daily resistance. According to Plancton's strategy if the price will break and close above we can set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
OANDA:XAUUSDLong
by InkyGrip
16
IMPORTANT: XRP, Ready? 5am-9am (PST)What's up you guys, I have a very important update regarding XRP. As some of you might be aware, we are currently in a huge bull flag on the four hour chart. XRP just touched bottom of this flag before making a nice and quick bounce off of it, (very bullish movement). In the chart above, I've pointed out some important things to take note including the trend lines of the bull flag (black lines), and a potential time I think we could see a break upwards out of the pattern, (between 5am and 9am (Pacific Standard Time). Of course, there is a chance that we start forming another red candle at 1am in which case we would have a complete cross of our EMA's followed by a correction down to probably 1.11 however we are currently sitting on a very strong support and Fibonacci level of 1.33 Eyes open around the close of the current 4hr candle and the open of the next candle. Stay tuned for updates! :)
BITSTAMP:XRPUSDLong
by UnknownUnicorn8519602
5
GOLD on a bull flag? 🦐After testing the weekly trendline GOLD has retraced inside a bull flag. According to Plancton's strategy if the price will break above we will set a nice long order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
OANDA:XAUUSDLong
by InkyGrip
22
BTC's Bull Flag to 100KBitcoin to 100k! Everyone keeps talking about it, but how are we going to get there? How did we get to where we currently sit? Starting in December we had a steady increase in price with higher highs and higher lows, eventually forming a rising wedge and falling out of it in the beginning of April. Bitcoin needed to take a breath, and begin its next formation which will allow it to grow beyond its last All time high of 64,800. When looking at the daily time frame, we can see price consolidating in what could be a large bull flag formation. If we look to see how long the original wedge took to form, it was about 2 months. It should take until about the beginning of June to fullfil the flag that is forming, (2 months) From there, if we measure the pole and our pattern is fullfilled..... we could potentially see how BTC will make it to 100k! In what time frame? It took about 4 months for us to get where we are.. so hopefully by around the end of september we could see 100k! Let me know your thoughts? Thanks!
Long
by ManofTheTrade