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Bullflags

BItcoin Always ForwardHello All, I have been sitting on this chart for a while and I have been meaning to share it, but after it has been hard for me begin to publish again, but that is trivial. Anyways, I hope you all enjoy this chart. Let us start with the daily chart. On the daily chart, we can clearly see in light blue that we are up against resistance created by the descending triangle during the mid-year. It is forming a reversal pattern known as a inverse head and shoulder, it is clear that the volume is descending and that this is a standard head and shoulder, the price objective of this is approximately 8250, however, it is possible that there is no strong thrust from this pattern given that bitcoin is accumulating. This is denoted by the other orange arrow which hugs the green accumulation line. We are looking to break the upper most resistance of the descending by January 20th if not sooner, (this is merely an approximation and it is possible it will break sooner or later). The descending triangle has been providing significant resistance for Bitcoin, however, we are on another trendline, the green one which has been strong support for approximately 6-7 years. This green trendline was the region in which we reversed approximately at 3200, whenever this trendline has been broken, it thrusts upwards with strong buying action. This is the accumulation line currently. The resistance of the descending triangle marked in light blue is hold the upper resistance, however, there is clear support denoted by the yellow trendline. Both of these make a bull flag, it also has descending volume. The price objective of this bull flag is approximately 18000. Note: Red boxes and horizontal lines are regions of horizontal resistance. Best of Luck and stay technical my friends! Previous Analysis:
COINBASE:BTCUSDLong
by CuddlyCuddles
Is Bitcoin trading in a Bear Flag / Descending Triangle?It's possible that this is a giant inverse H&S, but looking for bullish patterns in a bearish micro downtrend is a great way to get rektt! Bitcoin is trading well below the 200 Day MA & any time we've seen bull markets in BTC's history its traded above it, so the bearish sentiment is warranted. Also, if we look at the same chart on a 1 year time frame it looks like a giant descending triangle as well, but there could be more of a bullish narrative on a macro scale & end up playing out as a Giant bullish flag, especially with the continued threat of World War 3. I said last year that the U.S was going to invade Iran, and 2020 is possibly going to end up coming to fruition, only time will tell. I've linked my previous post where I made referencing to Iran & Bitcoin.
COINBASE:BTCUSD
by ScotianBot
1
possible bottom!we currently awaiting the major breakout between the 25week and the 150 week moving averages for the price. we have a bear flag formed but with the stoch rsi moving out of the oversold region, and the CCI momentum indicator showing divergence, i feel like we are getting ready to retest the 25 week mvg avg soon. the larger pattern produced over the course of this year is producing a bull flag. if we are truly at the bottom we can expect a move to retest the 20K all time high. now this bearish pattern might result in a breakdown in the price but with the decrease in volatility and the strong support @ $6k i dont see much downside risk. IF you enter at these prices and IF we go back to all time highs you can see a potential 130% return. if you trade like to trade and would like to support my ideas you can sign up on bybit using my referral link . www.bybit.com disclaimer not financial advice.
COINBASE:BTCUSDLong
by birdy619
BullFlag TextBook... Bottom in ?Aprés une belle accéleration haussière , la latéralisation ces trois derniers jours s'est accompagnée d'un bris du canal à la hausse , nous offrant alors un beau BullFlag TextBook (voir le graphique). Le price action soutenu et le contexte de fin d'année (i.e. absence de liquidité provenant des fonds institutionnels) tend à demontrer que nous sommes dans un épiphénomène...Néanmois, le debut d'année s'annonce prometeur et semble augurer la fin de la pression baissière. Avant d'anticiper une hausse durable, un retest de la zone des 7200$ aprés l'accélération dominicale reste envisageble. Ce reteste de cette zone pivot permettrait égalememt de venir combler le Gap à la hausse sur les futures du CME, rapellons que sur la pair BTC/USD les Gaps sont comblés 95% du temps. Le price action aujourd'hui nous a offert une belle jambe haussière mais vigilence pas de précipitation dans vos investissements. CrypTalkiment. @CrypTalk_
COINBASE:BTCUSD
by userless1
Silver is a buy here over GoldI said in my previous ideas on Gold and Silver that they were going to get hit for a few weeks to months but this was a healthy correction on the road to new all time highs. On the weekly and monthly charts we have formed a bull flag/bullish falling wedge and the price action is now bullish. I recommend you buy Silver over Gold because Silver is significantly more undervalued than Gold. The average Gold/Silver ratio is 1 oz of Gold = 60 oz of Silver. The current Gold/Silver ratio is 85. So expect Silver to outperform we are also seeing a breakout in Gold Miners Stocks. Typically when the yield curve normalizes the Gold/Silver ratio normalizes. However, the yield curve normalizing from being inverted now is not due to the market, it is due the the FED QE. The FED is buying bonds up to give the illusion of a healthy curve.
TVC:SILVERLong
by rjchilia123
Is TNY trading in a Bull Flag or Symmetrical Triangle?Bullish flag formations are found in stocks with strong uptrends. They are called bull flags because the pattern resembles a flag on a pole. The pole is the result of a vertical rise in a stock and the flag results from a period of consolidation. The flag can be a horizontal rectangle, but is also often angled down away from the prevailing trend. Another variant is called a bullish pennant, in which the consolidation takes the form of a symmetrical triangle. The shape of the flag is not as important as the underlying psychology behind the pattern. Basically, despite a strong vertical rally, the stock refuses to drop appreciably, as bulls snap up any shares they can get. The breakout from a flag often results in a powerful move higher, measuring the length of the prior flag pole. It is important to note that these patterns work the same in reverse & are known as bear flags & bear pennants, but the bullish volume recently indicates that it's unlikely to result in a bearish outcome... Only time will tell, and when it comes to Tinley Beverages, "My favorite time frame for holding a stock is forever." Warren Buffett On a Macro level Tinley has held their share price impressively well comparable to "any cannabis related stock" over the past 4 years boasting roughly 523% gains... On a Micro level we're potentially seeing a trend change from bearish to bullish, indicators that support my narrative is the recent Triple Bottom pattern that's linked to this chart. Also, the increase in buy volume indicates that short sellers are either losing money in their positions to the downside, or they're running short on shares available to short, or they've simply reached their target buy in price... Keep in mind hopium is a schedule 1 narcotic & has killed many Moon Boys in the cannabis sector during 2019.....
CSE:TNYLong
by ScotianBot
TSLA @ Record hi & Breaking out of next bull flag! Short SqueezeTesla is killing it on execution and deliveries, short interest has gone down from record highs to 20% but $ value has actually grown by $2.3B to a record because shorts are shorting at much higher prices. Longs are sitting on Fat gains and will not sell by end of year. Shorts will cover to offset other huge gains which will cause more shorts to squeeze.Tesla is also releasing FSD preview in "Holiday Update" by end of year (maybe over the weekend), and Tesla will report Record Delivery numbers on Jan 2/3rd. All Indicators are also triggering buy signals... A Perfect storm. This is about to blow up!!!
NASDAQ:TSLALong
by BrandonOsborne
Is COT trading in a giant Bull Flag?Maybe a descending triangle as well, but seeing the recent bullish upward since Goldman Sachs recommended a buy rating from neutral. It actually appears as though COT has formed a Triple Bottom, which also appears slightly as a Ascending Triangle. The triple bottom is similar to the double bottom chart pattern and may also look like ascending or descending triangles. When STZ entered the Cannabis space they used Goldman Sachs to broker the deal. Goldman Sachs went bullish on Cott a in July, and why? Well, we know Goldman Sachs is supportive of cannabis via the previous brokered deal with STZ & Canopy. They'd be privy to any Safe Banking & States Act regulations, so that may simply be the answer, front running Cott's entry into the cannabis space? Cott has sold off several assets over the past couple years & have some cash to spend, and seeing so many previous Cott employees in the Cannabis space leads me to believe they may make a surprise entrance into the sector..
CLong
by ScotianBot
DT - Cup & HandleDynatrace has not been actively traded for very long but the daily chart has created a cup & handle pattern which just needs a breakout for confirmation. The backside of the pattern can be interpreted as a bull flag that would have broken out during today's trading session. Notice how the RSI held the 50 level as well as the stock exits an oversold condition. The Sector, Industry, & stock all have relative strength against the SPX as well. My first two price targets that are noted on the chart are Fibonacci extension levels. The third target is based on the bull flag breakout while the fourth target would be if we receive confirmation of the cup & handle breakout.
NYSE:DTLong
by Chartimistic