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Bullflags

Giant Bullish Flag or Descending Triangle for Bitcoin?Bitcoin is potentially forming a giant H&S pattern inside of a larger Descending Triangle or Bullish Flag. In light blue, I have drawn a hypothetical price scenario. The RSI is breaking the downward sloping resistance of a descending triangle formation. The KST saw a sharp deviation but has since found itself back into what could turn out as a bull flag or descending triangle. In Dark Red inside the price pattern is potentially an H&S pattern.
COINBASE:BTCUSD
by ScotianBot
2
NEOBTC – Another bullflag? 🦐IF $NEO.X will have a breakout upward and flip the 4h resistance into new support, According to Plancton's strategy (check our Academy), we can set a nice 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
11
BTC 55 EMA Strong Support!Hello Community! Before we begin please support my idea with a thumbs up and a comment. It'll be greatly appreciated and will motivate me to post a little more! Lets keep it simple. When taking a look at BTC/USD on the daily TF, we can see a massive sell off, which was expected after being rejected from the red trendline multiple times & after a decisive break down from the bull-flag. With previous lower lows being taken out easily, a panic sell off seemed to have pushed the price to its next favorable support which is the 55 EMA highlighted in yellow. If the 55 EMA holds we can see it make a move to test the previous s/r which is the white line drawn on my chart but if there's enough sideways action the red resistance line will come into play first. If it does indeed get rejected again from the red or white s/r line, I would not be surprised if it falls back down to the red support line below which has been a massive S/R line in the past. That line is also the next support if the 55 EMA fails. This is not Financial advice. Safe Trading Calculate Your Risk/Reward & Collect! Simplicity Wins
BITFINEX:BTCUSD
by rnaofs
KNCBTC is creating a bullflag on weekly support 🦐IF $KNC.X will have a breakout upward and flip 4h resistante into new support, According to Plancton's strategy (check our Academy), we can set a nice 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
10
UK100 for new recent highs? 🦐After our last analysis on UK100 index we look for a new opportunity. The price on the 4h chart retraced inside a channel until the 0.618 where the market found a support. According to Plancton' s strategy if the conditions will be satisfied, 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:UK100GBPLong
by InkyGrip
24
Is EXP trading in a Bullish Flag??It appears as though EXP is consolidating into a Bullish Flag in Dark Blue with a Cup and Handling forming Dark Green, two inherently bullish patterns. This could always be a descending triangle, but when looking at EXP on a long-term chart there's a noticeable bullish cross on the KST, not apparent on the shorter-term time frame I am currently using, just something to keep in mind. On the RSI it looks similar to the price action, there's no divergence and the indicator is in a neutral area.
ELong
by ScotianBot
GBPCHF on a bull flag 🦐GBPCHF on the 4hchart after the last impulse, retraced inside a flag until the 0.5 fib level. According to Plancton's strategy, when the price will break the upper trendline, 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.
Long
by InkyGrip
4
SP500 a bounce over the 0.618 🦐SP500 after the break of the range bounces at the 0.618 Fibonacci level. The price which is moving inside a minor descending channel is looking to test the upper trendline soon. According to Plancton' s strategy, if the price will break 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:SPX500USDLong
by InkyGrip
14
In twelve hours we know who the murmurer is!Right now ETH is forming a new bullish pattern at the ATH. We had a fake out (fallowed by a new ATH) where the bears successfully suppressed the price down below the previous ATH at $1420. $1440 is now the roof in a new flag formation. This is a bullish formation where the bulls knocking on the doors for new pice discoveries. Bears better watch out and manage their risk right now. But it is full time war right now between Bears and Bulls. The solution to the mystery has about 12h to reveal itself. But Cryptocurrency use to be kind of impatient. Please follow me for more analytics on cryptocurrency.
BYBIT:ETHUSD.PLong
by FreddyTonnesen
Ascending Triangle for BUZZ?It appears as though BUZZ is trading in a micro bullish flag outlined in light green inside of a Macro Ascending Triangle in dark blue. On the RSI it's possible we've seen a double top and an H&S may be on the verge of forming; if so the bullish flag will be negated thus resulting in a descending triangle. If that happens the blue upward sloping support of the Ascending Triangle needs to hold to see a bullish longer term outcome. On the KST there's been a bullish cross where I have the blue downward pointing finger.
BLong
by ScotianBot
3
Bull flags explainedBull Flags are one of the most well known & easily recognized chart patterns. The most important factor in identifying any flag pattern is the clear "staff" or "flagpole"; there should be a straight run upwards leading up to the pattern or it is not a valid pattern. After the straight run upward price starts to Zig Zag between two converging trendlines forming a tight wedge (it can be slanted, or even symmetrical) until the price "breaks out" above the upper trendline signifying a possible continuation in trend upwards. Bull Flags have the highest success rate out of any pattern and work extremely well when paired with long term support & resistance areas. Enter at the invalidation point of the pattern (A), second entry on the bullish retest (B). Pennants that are “tighter” have higher success rates, look for patterns forming on top of long term resistances (not below) to increase probability of success also. Pattern height is measured and added to swing low before breakout for possible target. Sometimes large size traders can generate liquidity by faking out under the pattern support as we can see on some of the examples. The liquidity generated by triggering stop losses underneath the pattern can fill large position sizes for whales and is a good indicator for a long position once the price confirms support back inside the pattern.
Education
by Worth_The_Ri5k
SP500 a bullish confluence 🦐SP500 on the 4h chart after the last impulse, retraced inside a bull flag. The market bounced over the 0.618 and according to Plancton's strategy, if the conditions will be satisfied, 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. Leave a comment that is helpful or encouraging. Let's master the markets together
OANDA:SPX500USDLong
by InkyGrip
12
RLCUSDT is testing 4h resistance 🦐$RLC.X IF the price will have a breakout from bull flag, According to Plancton's strategy (check our Academy), we can set a nice 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
6