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Bullflags

USOIL on a bull flag 🦐USOIL ofter the nice bullish impulse, broke above the monthly resistance structure at the 45 level. The price from there created a minor retracement inside a descending channel. IF the price will break and close above the resistance structure and consequently break the channel, we will set a nice long order according to Plancton's strategy. --–– 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.
TVC:USOILLong
by InkyGrip
16
How to properly trade a Bull Flag on Bitcoin What we are observing is a vertical rise in BTC followed by a visible period of consolidation. Bullish flags like that are typically common in strong uptrends - hence the "pole" part of the flag 'pole'.. No doubt we are observing the continued accumulation of BTC by some large players. The drop appears to continue to be bought back up by bulls who continue to defend 18.7k - 19k - on a small scale the strong defense almost appears like a "double bottom". What would invalidate this is if it were to form a pennant, or simply were to break the lowest low. During a period of consolidation of a bull flag, one is supposed to investigate volume. In periods of consolidation volume should be dropping, and dry up the formation of the flag takes place. If the price was not moving downward off the highest high, we would not in conjunction with the avg volume dropping think much of it, but the price is indeed slowing downward, following the preceding uptrend (flag pole.) If you are still for some reason not in a BTC position the best way to enter into the position would be to enter at the bottom of the flag, or if you are more conservative off the breakout when price moves above the high of the upper channel trend line. If we are using fibbanci's in conjunction with this we are looking for a pullback ideally off the 0.618 which incidentally is where price recently strong found support. Chart containing this visual is below. If the price breaks out, one should expect the price to not find resistance till it moves roughly up the equal mass of the initial flag pole. The initial flag pole was 22% in this 4hr chart. Final comment is that the EMA is clearly indicating a return to a bullish trend with support confirming the appearance of sideways accumulation following the bullish breakout. Good fortunes to you traders! Please let me know if you trade bull flags or bitcoin differently, or if you think there is a different way to interpret this chart! And please hit follow so I can share more of my charts with you!
BITSTAMP:BTCUSD
by ZenMode
2
Giant bullish flag or Descending Triangle for APHA.APHA is trading back into a Macro Bullish Flag or Descending Triangle drawn in dark blue, we have seen a fake-out to the downside where I have the blue human body icon, this is potentially forming an inverted H&S, and at the same time APHA is trading back into the Macro pattern, which started becoming bearish Jan 2018 during the hype before Canadian Rec. The KST wants to crossover bullishly, but is being rejected for the time being, you need to zoom in close to get a better view. Potential merit for a Ascending Triangle on the RSI.
A
by ScotianBot
BAJAJ FINSERVE - Bull Flag Pattern breakout - Swing TradeThis analysis is done purely on basis of price action and chart patterns Analysis is done on Daily TF hence it may take few days to few weeks for price to reach the given target. Stock is fundamentally strong It has given volume supported breakout after consolidation phase. Also such huge volumes have come in stock which shows that stock is not going to stop at life time high but will make new high. This is not a trade recommendation. Do your own study before entering into any trade. Trade with your own risk & money management. Feel Free to comment for any query or suggestion.
NSE:BAJAJFINSVLong
by AdityaKarn90
IIPR in a textbook bull flag!Someone told me this was on their watchlist, and sweet jeebus! This thing is textbook. Price target is 190 by Christmas. It seems like we've got 2 days of consolidation, but I think the Jan 15, 170 or 175 call would be a very safe play. It's sitting somewhere around $2.50 right now. Watch for the 'wave e' maybe done to 150.60. It's a 100% buy if we head over that fib at 152.73 with just a bit of volume. I'm 100% playing this with just a few contracts to start. Setting my alerts now! Stoploss around $147.70 (your option would prob lose about 40%). I haven't done a fib extension or anything because it's like...what is, work? Do you want me to work for this? No, I do stocks because I don't WANT to work. Amiright? Ain't nobody got time for that!
NYSE:IIPRLong
by TMoneyBidness
2
Theta Token Bull FlagTHETA/USDT Daily Timeframe, Bull Flag. We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Long
by CryptoTrend-Alerts
2
USDCAD - Trade idea! 4HR USDCAD Technical Analysis - COUNTER TREND TRADE. Technical aspects: Pattern: Small descending channel smaller term , until it's broken Bullish flag Intra day could come into play if it breaks towards upside. Resistance: 1.31248, 1.31410, 1.31793, 1.32076 Support: 1.30639, 1.30367, 1.30048 If it breaks towards resistance area of 1.31248 I'd see the reaction of the pull back for further confirmation, would indicate a bullish flag formed and take it to the resistance zones. The way I trade I tend to scale out of my trades my main target areas are the resistance areas and last taking profit would be 0.382 Fib Retracement areas. Nice target area is that beautiful 200 EMA! Easy way to either add alert when it breaks or add an order. However, if we do pull back within the descending channel we are in the key support area is 1.30438 and that's key area of support! Whilst trading the Loonie I do take into mind WTI Crude and of course dollar index as well. The type of market we are in, most of my trades at this current moment of time are counter trend - which basically means I am going against the longer term trend. Which you must have a plan for, to build the right confidence you need in trading and journal it the types of trades as well is very important! It was a very quiet week last week, which I know for some traders I've spoken to that work even within larger institutions it has been frustrating for sure! However, the way I keep myself busy on a very quiet week we must remember to be disciplined and to not over trade, but doing this I do go onto very small time frames 10-15mins time frames and my trades will be not be a swing trade in a range bound choppy market I tend to have my trades closed by the end of the day not doing as many large targets I would do if it was a swing trending market but it isn't right now. Until we are still within these ranges, best to keep your targets small, keep to day trading until consolidation period is over and if you don't understand what the chart is indicating go to another pair currency or simply don't trade till you're comfortable to get back into the game. Usually, when I step away from the market, I don't step away and do something unproductive, I instead go for walk, exercise or I read and extend my knowledge further within the markets, there are plenty of very resourceful books based not just on markets, but on psychology aspects to help! For any further book recommendations, feel free to message or comment down below I'd be sure happy to help! Key tip: A large percentage of trading is psychology! Have trust in yourself and your trading plan. Have a great week ahead. All the best, Trade Journal (TJ)
by Trade_Journal
OMG - Gearing up for a breakout? Over 200% Potential Long Term.Looking at OMG on the daily Chart, there's some interesting things potentially shaping up. Most obvious is the descending triangle we've been trading in. OMG trades on a bullflag historically; which is characterized by a long period of sideways or slightly descending movement followed by a massive pump. We see a fairly recent retest of bottom support in late september which held strong. We have steadily increasing volume, however the biggest spike was on a retest of the upper channel boundary that was rejected, marking a decent red day. RSI is very middling at the moment; could go either way with current priority being up. Bottom line: good indicators for a breakout coming at some point in the next few weeks, however the heavy sell volume on the upper boundary retest makes me think we might see a lower support retest like in September before things really start cooking. Wait to see if we retest or if we can break through that upper boundary without a swift rejection. Short term TP's are green fibs, potential for ATH or more when the bull flag pops. Thanks to everyone for the support over the last while, let's keep this going :) -- I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. If you like my analysis, then leave a like and feel free to follow for more free content. If you don't like it, then leave like but do it with anger; I'll be able to tell the difference. Feedback, criticism and crude humor are welcome 🤙😁
OLong
by cryptosince1963
4
Ascending Triangle breakout for TRIL?It appears as though TRIL is breaking the horizontal resistance of the ascending triangle, only modestly at the time being. The two green lines are the shoulders of an Inverted Head & Shoulders, and the blue head is obviously the head of the pattern. On the RSI there's a bullish flag or descending triangle forming, I guess we will see if there's enough momentum to break through the downward sloping resistance, and possibly back test turning into support like I have drawn hypothetically in green. A bearish cross already happened on the KST, it looks like a bullish cross is on the horizon. Clearly a divergence between the price rising and the RSI moving moderately sideways.
TLong
by ScotianBot
HIVEUSDT is creating a bullish flag 🦐HIVEUSDT is creating a bullish flag, we will wait for a breakout upwards. According to Plancton's strategy, 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
Bitcoin appears to be flagging on the 4hrPlease tell me if you disagree on the flag especially! Bitcoin has been the best performing asset of the year, and is certainly challenging the hegemonic order of global finance. What a blessing to be in this bull market guys! When compared against all legacy financial markets such as Gold , Spiders, Diamonds and the Q's it has outran them all. We are talking about a stunning year-to-date gain of 148%! Here are some key concepts to consider: • Institutional Adoption - MicroStrategy , Square, PayPal (4% of the total supply of bitcoins now reside on corporate balance sheets) • Paypal and Square treating clients like a bucket shop holding the actual asset for them and only enabling clients to hold. Again good for the price as supply is trimmed down as price bids up. • CME Group advised open interest on Bitcoin derivatives has reached its highest level ever • Whales will accumulate the underlying asset to "control/manipulate/influence" the price as a few % points will enable them to make the derivatives market & kick the price around • Retail all at this point sitting in profitable positions encouraging "hodl" culture • Viewpoint evolving from retail "median of exchange" to institutional store for wealth or engine of wealth as the derivative market becomes popularized • According to Forbes "60% of the available supply of bitcoin has not moved in the last year and over 40% has not moved in the last two years." • Bitcoin flooding out of exchanges at the most rapid rate of its history indicating this is camping in long-term wallets • Google keyword volume for Bitcoin is only 10% of its peak (2017 runup) indicating retail is not driving the relentless volume • Technicals are all incredibly bullish - moving averages are all pointing straight up at a very steep angle • Seeing comments on how the RSI is indicating oversold - it is worth touting that oversold conditions can continue on for a very long time • Macro environment of central banks easing and pushing for higher inflation targets makes this financial product an outlier as it is engineered to increase in value and not inflate away • The U.S. Dollar Index is down 0.25% Tuesday and continues to be in the doldrums versus a basket of other fiat currencies. • Articles speculating into the future (after firmer regulation) that Fidelity/ Blackrock /Vanguard some massive player will introduce a low fee passive ETF fund which will require a huge amount of the underlying asset for the fund creation. Similar thought process of why the TSLA price runup with their inclusion into the S&P 500 - forced institutional buyers as they balance out the passive spider funds • Adoption and regulation of BTC coming however the SEC is already offering clarity (links below) • Gary Gensler (Former chairman of CFTC) was tapped to lead Biden's financial policy transition team concluded "that XRP and ether should be regulated as securities." • Fun idea here, but I have seen so much grumbling from gold bugs on how gold is a greater store of wealth. I likewise am a goldbug and continue to accumulate gold as well - worth stating though what happens in a generation from now when we final visit the last frontier and become a space faring race and start mining asteroids? Supply of gold in the future may be remarkably more prevalent than we could possibly imagine. Am I one of those calling for $100k in price? Well let's target 19k first bulls.
BITSTAMP:BTCUSDLong
by ZenMode
3