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Bullflags

Is Ethereum trading in a descending triangle.Since trading in a large ascending triangle starting in early February this year, breaking out in mid May, we've seen a blow off top down into a descending triangle. Now it appears as though this could play out as a bull flag & negate the descending triangle... It's possible we see a rally, because Bitcoin is clearly trading in a bull flag or descending triangle as well. ETH likes to trade in correlation with BTC, so we'll see I guess... The 200 Day MA isn't far away, roughly 17% to the upside, and the rsi is roughly neutral. Interesting. Time will tell per usual.
BITFINEX:ETHUSDLong
by ScotianBot
1
TNY Update.200 Day MA is only 26% away at the time of posting. Tinley has broken out of a ascending triangle, look at the rsi as well, very telling of a possible trend reversal after creating lower highs for months consecutive. Now Tinley is creating higher highs & higher lows on a micro level consistently. If we do see a retracement of any sort, I'd like to see 46c hold, which is the top of the ascending triangle, and one of the recent lower highs of the continued downtrend is at that level. On a smaller time frame & chart attached to this one you can notice a bull flag pattern that broke to the upside as well.
CSE:TNYLong
by ScotianBot
Another bull flag or a massive bull trap for a down trend It appears we might be having a big run up if BTC price follows through upwards over the 9500 (red line) area towards 9800 - 9920, thereby creating what appears to be a bull flag. Another range trading will then be within the flag before it shoots up but if goes down below the 9200 without hitting the 9800 area, I would assume that move invalidates creating a bull flag and prepare for a downtrend. This is not a Trading advice. Just following the price action and putting down my opinion of things.
BITFINEX:BTCUSDEducation
by PlatinumEntrepreneur
4
TNY Update. Possible Bull Flag.Unless Tinley breaks above 47c in the next few trading sessions we're basically just looking at another lower high. There's clearly a possible bull flag pattern that may play out. The RSI was at an all time low on "all time frames" recently, which is reflective of the aggressive bounce we had in the share price. On the RSI I've made some notes that may indicate a trend reversal. On a five day chart I'll post attached to this chart you can notice the RSI bounce off the top of what was once a descending triangle, this may indicate the trend is changing due to old resistance becoming new support. Time will tell per usual.
CSE:TNYLong
by ScotianBot
COCOS/USDT IDEAHello traders ! This is my view on the COCOS / USDT pairing. Cocos has had a nice run the last couple of days, and in my opinion looks like we have a little higher to go. The ADX and DI show the bulls are still in control. Unfortunately the momentum seems to be dissipating, (the white line) but as far as lagging indicators go, this could correct itself in time, if more buyers enter the space. Appears we are in a textbook bull flag looking for another leg up. Finding support on the 50 RSI level supports this as well. Time will tell ! Thanks for viewing Happy trades everyone ! For those curious about this crypto; The platform for the next generation of digital game economy Cocos-BCX' , fully named 'Cocos BlockChain Expedition', aims to create an integrated multi-platform runtime environment for games, providing developers with the convenience and completeness in game development, while bringing users a whole new gaming experience, unprecedented gaming status, and with all the assets obtained in the games being wholly owned by the users.
CLong
by KYLEKILLJOY
AMB/BTC - KUMO Breakout Trade SetupI have been watching AMB for quite some time as we are seeing multiple Kumo breakouts from the alts lately. AMB is looking prime for a kumo breakout just needs a jolt like RLC had today. I am looking for it to break out to the 50% extension a retracement to the 0.382 and then for it to get to our golden 0.618. This is a mid term trade and I have set my alerts ready to enter as it will likely be the next mover as it is setup beautifully on the faily and the Tenkan is hooked into the sky. Enter - when we break out of the kumo or on the kumo retest. Targets 1. 461 2. 498 3. 536 Stop loss: 390 Twitter: @coachkcrypto Trade, Educate, Learn, Repeat! Coach K
ALong
by Joel_CoachK
Bitcoin Long Term TrendGood evening ladies and gents. I have spotted Weekly Hidden Bullish Divergence on the MacD as well as RSI Bullish Convergence. These are both starting to round out. I am aware that many people are looking for a measured move down to around the 6800-7400 area, but that may not happen. Still could of course, but looking at the larger time frames, it's looking less likely ;) . I'd also like to mention the alt coins and where they are at. A lot of these alt coins are at the bottom of their overall bull trend showing Hidden bullish divergence, regular Bullish Divergence and Bullish Convergence. Too many coincidences for this to be just another random idea. These are actual technicals that I am displaying. This chart is on the log scale by the way! We have been in a down sloping channel for the last few months now after a large rally from our 3k bottom. We have only retraced 38.2% of the way. We are in common retrace areas after an impulse. So Price reversal from where we are at is most certainly possible! This is the .382 on the log scale! On the Linear scale, you have retraced over 50% of the way and nearly hit the .618 which is at $7200. In my chart, I have depicted two measured moves. This is a potential bull pole, bull flag pattern. In that case, the measured move takes is perfectly on the Log Scale at the 1.414 Fib extension around $42k. That is right, I fucking said 42k. Just an idea for now of course. This isn't certainty. The Gaussian Channel Tool is also teal on the Weekly time frame. Currently testing the top of it ;) I wish everyone a wonderful rest of your day and night! Twitter: twitter.com If you want to be a loving supporter of me and my "ChArtworks" $BTC: 35tmT7MAQXZm7rr1KzZMWNRpN2iyrnSB4z $LTC: LVfCT9fu4dYyFAo5cW5xLrzHZHWFoG85hn $ETH: 0x390d207b9bde62f2806caddfb94809de61da50d9 $x42: XZXm43FJcZHEVNs9dh8mdfzWyY6VfmJvPc Donations are never required but they are seriously very appreciative! Your Supportive comments and follows are just good enough too :D <3 Join the best Crypto and Technical Analysis Community in the world! Discord: discord.gg (Mitch Ray's Channel) Amazing community and I highly recommend checking out Mitch Ray if you haven't yet!
COINBASE:BTCUSDLong
by ChArtWorks_TechnicalArts
BTC UPDATE: 10.10.19: 2ND BULL FLAG!Hello all! Please reference my last post on BTC if you have not already done so! The flag formation seems to be holding up thus far. We will most likely see this consolidation play out until the end of the daily close before seeing a spike to the upside. Remember we are not trying to predict the future! Only anticipate it! The 1H chart is possibly showing us a hidden bullish divergence in the form of increased negative momentum on the MACD with a higher low in the price. Much caution should be had upon approaching the $9,000 range as a higher high in price will most likely show as a lower high in the RSI and MACD at this point. A heavy rejection is likely to take place during such an event. Support at the $8,000 range will be tested if this flag fails to perform as expected. Let me know what you think! This is only my opinion and not to be taken as financial advice. 1D chart
COINBASE:BTCUSD
by YEHOK
2