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Bullflags

WTF happens next?!There's a lot going on here, so bear with me (no pun intended...). First off, take a look at the two channels that I've drawn. We started this decline with a fairly steep downtrend channel. We broke out of that channel to begin a less steep downtrend channel. The bears are winning but their momentum is slowing... You'll also notice that we are near the top of that downtrend channel, which suggests that we're either getting ready to pop out of it again or headed down to the bottom of the channel. Now take a look at the red line at 11,500. This line began with a double top back in early 2018 just as the bears were building up steam. It is also the support line of the first red candle that started the downtrend. We've been bouncing around that line in a pitchfork with the center-line just below this red line. This red line is also slightly below the 0.5 fib (Although you could argue that the red line should be on the 0.5 fib; I chose this line because it's a psychological number and because of the candle support). This is another sign that we're ready to break out on the upside or down to the next support levels of 10,600 or even 9,800. Another signal that has me thinking we could go either way from here is that we are right in the middle of the general growth channel of Bitcoin that began all the way back to the beginning of the Coinbase chart. I'll talk more about this in a later post. While we are in the middle of the chart and moving horizontally, we are actually moving down relative to the slope of the channel, which is another indicator that the bears are winning. Lastly, I see a bull pennant formed by the top of the current channel and a trendline that began after the spike up from 9800. This suggests to me that the bulls have more to run. The good news is that we will know which way this market is going in just a few days (before July 10). So we can make our next move based on whether we exit this flag on the upside or the downside. If I were a betting man (which I clearly am if I'm investing in crypto!), I would say that our position inside the general growth channel is in our favor for continued long term growth of BTC. Also, the changing slope of the downtrend channel has me thinking the next slope will be higher still. Furthermore, it took about 5 days to break out of the previous channel and here we are again 5 days later approaching the apex of the bull flag. Note that the apex is also in the middle of 0.5 fib and 11,500. Working against us are the large pumps and dumps that occur due to small volumes as well as the fact that the market seems to go against general expectations. One last note: Longs currently outnumber shorts by 2:1 on Bitfinex. A movement to the low-side could snowball as those margins are called and stop-losses are triggered. That's a tempting proposition for someone with enough capital to move the price in that direction. Long story short: I'm invested for the long run with some cash on hand to grab more if prices drop.
COINBASE:BTCUSDLong
by quickshoe
2
ANTM = REVERSAL UPWARDS HAPPENING / DETAILED REPORT / TP: $294 ANTM has established support at $284 and if you look at the graph. Each green line shows a support level. The first resistance level is at $294. If it breaks the resistance level then it will easily pass $300. The technical analysis pattern is a BULL FLAG and is trending upwards. It's most recent support level is at $284. Volume is staring to increase which makes the indicator stronger. The MACD indicator is about to crossover leading an indication of upwards momentum. Fundamental Analysis: Liabilities in 2017 are 44,037 (in millions) while in 2018 are 43,030 (in millions). They are decreasing liabilities and increasing total assets which are 70,540 (In millions) in 2017 while in 2018 are 71,571 (In millions). At least in the balance sheet they are doing a decent job at maintaining profitable which can be seen the number of times they have beat earnings. Cash flow are growing steady which is another indication in terms of fundamental analysis this company will continue to grow. Short Interest is 1.72% which is good for the bullish investors. The Beta is 0.7 which produces less volatility then SPX . Based on my Research using the BLOOMBERG TERMINAL; The fundamentals are strong and projections for earnings this JULY. The company will most likely beat earnings again. ANR (Analyst Recommendations) Based on this function, the 12 month TARGET PRICE is $335. There is 20 BUYS , 4 HOLDS, and 0 SELLS. Every analyst in the system has Target Prices higher than $300 and companies include but are not limited to Wells Fargo, Morning star, RBC Capital Markets, Cowen, Wolfe Research, etc. INSIDER PURCHASE: Norwood Felicia F ; Exec VP & President made a purchase of common stock on 7/2/2019. She bought 176 shares @ $280.66 bringing her to a total of 3,843 shares. The report (SEC FORM 4) was released to the public on 7/5/2019. Tags: Anthem, ANTM, TSLA, APPL, GOO, BTC, LTC, Bitcoin, Blue Cross
ALong
by Monstelo
4
DAX: Bull Flag Following Inverse Head and ShouldersWe have not yet developed a trade around this, but we do note the clear inverse head and shoulders pattern that has played out. Following the penetration of the neckline, there was a bullish breakout, followed by a bull flag (a trend of decreasing highs and decreasing lows). After there is a significant breakout on sufficient volume, we will assume a bullish position. That indicates the bullish trend following the end of the inverse head and shoulders position will continue. The MACD is bullish, positive and increasing, and the DI+ is above the DI- on the ADX indictor, with the . Also technically, the fast and slow stochastics, the RSI and MFI are moderately positive, indicating bullish movements ahead. We define "moderately positive" as a reading between 50 and 70, showing increases at a sustainable rate such that there is not an impending mean reversion.
XETR:DAX
by LaurenTrading
Hold on, is this a descending triangle, or a Bull Flag??In my previous post i talked about Gold breaking flush through a Descending Triangle, i misspelt it for a Ascending Triangle. After looking again it appears as though this may be a fake out.. Time will tell per usual. If you look at Gold on a macro 100 year chart including the wicks, Gold peaked in early 1980 2,200ish USD. After that ATH, gold sold off for 20 YEARS before finally bottoming in April 2001. Aug 2011 was a double top, and now Gold is still "technically in a bear market until this Descending Triangle is broken!
TVC:GOLD
by ScotianBot