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Bullflags

Bitcoin CME Futures Gap Filled!Traders, One more negative indicator has been eliminated. You'll remember that in yesterday's post I pointed out this gap created a couple of days ago. 99% of all gaps are filled, and they are usually filled sooner rather than later. To have our gap to the downside filled so quickly is rather bullish IMO. We now have a new pivot high on our daily charts on Bitcoin as well as many/most altcoins, and we are forming what appears to be bull flags on many of these same charts. Stay tuned as always. You know where to follow me for all the latest trades. I don't always post everything here. Stew
CME:BTC1!Long
by stewdamus
3
HSY - Bull FlagHSY emerged from an 11-month sideway consolidation on 15th March and began a strong uptrend since. A bull flag is now apparent there could be opportunity to trade the breakup (if it materialises). However, the trend is rather extended at the moment hence it is prudent to trade a smaller size at this juncture. Disclaimer: Just my 2 cents and 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! Take care and Good Luck!
NYSE:HSYLong
by Juliac
Will BTC reach 30K+ or it will dump? BTCUSDT updateHi dear community my loyal followers, I hope you are fine. Let me update BTC current situation and my expectation. This week BTC pumped from 19.5K and broke not only 24K but also 25.2K and reached 27.8K. If you remember I warned you about BTC recent dump from 25K to 19K+-. At the moment, you can see on the chart that BTC has created Bullish megaphone chart pattern/Inverted symmetrical triangle/ and tested its upper line where there is significant, one of the strongest resistance/.. There are BB, FVG zone, 0.38 fib level, 21 monthly EMA, diagonal resistance+ horizontal resistance/ etc. Look at bellow attached charts also to understand what I mean. I expect BTC to break 1h bull flag reaching 28.6K/attached bellow/ , which will be fake breakout of bullish megaphone chart pattern / a lot people will open long positions, at the same time BTC sweeps liquidity above 27.8K then we' will see strong rejection and correction starts. When BTC reaches 28.6K , BTCD will be at 48-48.5K at main resistance/attached bellow/, where it will drop and during this BTC correction , we'll see mini altseason. Pay attention that volume is decreasing while price is rising/bearish divergence/ also there is bearish divergence at daily OBV which doesn't support this pump)). I expect BTC to drop 22.6-22.8K where there is OB+FVG + 0.618 Fib zone, if BTC can't hold the mentioned zone it will dump to 20.5K. During this drop price will react at 25.2K small bounce, then drops to 0.5fib level/23.6K/ again bounce/this level could hold as well/ and drops to 22.6-22.8K taking out IDM/sweep liquidity/ Also keep your eyes at 23.6K 0.5 fib level, which is mid range of megaphone chart pattern. there is chance it can hold as well, but more likely 22.6-22.8K will be reached. After the mentioned scenario we'll see new highs, at the moment I can't tell you 22.6-22.8K will hold or not, we'll see BTC reaction at that point. Please don't forget to like, follow and share my ideas. I will appreciate any kinds of support.
BITSTAMP:BTCUSDShort
by ergal91
4
ZECUSDT is creating a bullflagZECUSDT had a breakout after an accumulation period, but was subsequently rejected by the daily resistance level. The rejection from the resistance level may be indicative of strong selling pressure or a lack of demand for the cryptocurrency at current prices. However, the price of ZECUSDT is currently creating a bull flag pattern. A bull flag is a technical chart pattern that occurs when the price of an asset experiences a sharp upward movement, followed by a period of consolidation with a slight downward trend. This pattern often signals that the price is poised for another upward movement, and may indicate strong demand for the asset. In order for the price of ZECUSDT to continue its upward trend, it will need to create a breakout from the bull flag pattern as well as the daily resistance level. According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
10
LRCUSDT is testing the resistance inside the BullflagThe LRCUSDT pair recently experienced an impressive bounce from the daily demand zone at the 0.2$ level. The price is now creating a bull flag, which is a technical chart pattern that is typically seen as a bullish signal in the market. A bull flag is characterized by a period of consolidation or a slight pullback after a strong uptrend, forming a flag-like shape on the price chart. Traders and investors who follow technical analysis may look for a potential breakout above the daily resistance at the 0.42$ area, which could signal a continuation of the uptrend and potentially offer new buying opportunities. According to Plancton's rules, a successful breakout from the bull flag could be a suitable time to consider opening a new long position in the LRCUSDT market. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <= 1h structure. Follow the Shrimp 🦐
by InkyGrip
2
BTCUSDT - Bullish Bias Based on FibsBullish bias to the upside based on Fibs. 1st Impulse Fib retracement from Impulse low to high gave a breakout from 0.382. With a Fib extension 1:1 upside target of 24.1K. 2nd and current impulse Fib retracement from Impulse low to high giving a current possible breakout from 0.382. With a Fib extension 1:1 upside target of 28K. Also worth noting is swing low fib from 1st breakout to last pivot high gives us a bullish fib of 0.618, current price. Speculative and should be used with unbiased trade with risk management as always. Loosing 0.382 at 21.6K may be a signal for more downside to come.
by hmaroudas
21
AXSUSDT is inside a bullflagAXSUSDT is inside the bull flag A bullflag is a chart pattern that occurs in an upward trending market and is characterized by a period of consolidation or retracement within a parallel channel, creating a flag-like shape. The pattern is considered bullish as it often precedes a continuation of the uptrend. In this case, AXSUSDT is testing the 0.618 Fibonacci level inside a bullflag formation. The price has increased 63% since the previous idea after a clear breakout from a descending channel. Additionally, the price created an engulfing pattern on the daily support at the 10$ area, which could be a bullish signal, so According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
KCSUSDT wants the Key level!KCSUSDT has recently seen an increase in price, as it has grabbed liquidity from the $6 area and is now creating higher highs and higher lows. The price has also recently broken out from a bull flag, as previously mentioned. What is the Bullflag? A bull flag is a chart pattern that is formed after a strong bullish move and is characterized by a period of consolidation or correction, where the price moves sideways within a defined channel. The channel is usually inclined downwards, and the price action forms a flag-like shape. The pattern is typically considered bullish, as it suggests a continuation of the prior bullish trend. Bull flags often occur during periods of low volatility, and a break above the upper trendline of the flag is considered a bullish signal, indicating that the price will likely continue to rise. The next step for KCSUSDT is to create an impulse with high volume until reaching the key level of $8.6. We are waiting for the conditions or criteria to be met before taking any action on the KCSUSDT. These rules or criteria, also known as a Plancton's Strategy, so According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ black structure -> <= 1h structure. ––––– Follow the Shrimp 🦐
by InkyGrip
8
KCSUSDT is testing the resistance!KCSUSDT has recently experienced an impressive breakout from a bull flag pattern. The price is currently testing a key resistance level after retesting the 0.618 Fibonacci level. The market appears ready for a potential breakout. A bull flag pattern is a technical analysis chart pattern that is characterized by a strong upward price movement, followed by a period of consolidation or sideways movement, in the form of a flag or a pennant. The pattern forms as the price of an asset makes a sharp upward move, creating a flagpole, and then enters into a period of consolidation with lower volatility and a tighter trading range, forming the flag or pennant. The bull flag pattern is considered a continuation pattern, as it suggests that the underlying bullish trend will likely continue once the period of consolidation is over and the price breaks out of the flag or pennant formation.
by InkyGrip
14