Get started

Bullflags

CAD/CHF SETUP (DAILY) - POSSIBLE ENTRY, STOP LOSS INCLUDEDHello all! I have another setup for you this morning. As you can see on the Daily chart, a bull flag has formed for this pair. We will be interested in entering long on a breakdown of this flag. So far today, price has supported the upside momentum we are looking for, however, this should be sustained throughout the day in order to maintain our bullish bias. _____ (possible) Entry: (1) Use Yesterday's High as a trigger for entering this trade; OR (2) Wait to see whether upward momentum is sustained today, and enter on upside momentum tomorrow (however, make sure price isn't extended at that point) (possible) Stop loss: 0.7544 (possible) Take profit: Take partial profits at the pivot high of the trend leg - 0.7612 - from there after trail stops. _____ Remember, only use this trade idea in line with YOUR OWN trading strategy. This is the bare bones of an idea that should only be implemented in conjunction with your own trading system. Also, PLEASE KEEP IN MIND the economic data concerning Canada that will be coming out this morning. This may cause whiplashes or a reversal in the trade. Happy trading!
Long
by alexkrec
Massive Ascending Triangle or Bull Flag? New ATH's OR Double TOPIn my previous post i talked about #BitcoinForPresident potentially trading in a Bullish Flag or Ascending Triangle, the bull flag ripped to the downside almost immediately after posting, but the ascending triangle on a larger time frame may play out perfectly. I've extended the green upward sloping trendline that was once a symmetrical triangle / pennant pattern, and adjusted it downward slightly, and a perfect ascending triangle / bullish flag pattern is noticeable. Linked to this post is where I mentioned the ascending triangle the other day, now that a few days have passed it's more clear on a larger time frame. Time will tell per usual.
COINBASE:BTCUSDLong
by ScotianBot
6
Bull Flag on GLD or GoldWe seemed to break out above the flag today after the FED confirmed rate cut which is bullish for Gold. The volume on this bull flag is perfect, you can see volume was moving higher on the flag pole, then dropped on the flagging, and is now moving up on the flag pole up. Confirmation is above $135 my measured target is $140.22. From here that is roughly a 5% gain and the last move up took place over only 6 days. If you want to trade this set stop at $131.75 which is roughly 1% downside risk give this trade a 5:1 risk reward ratio.
AMEX:GLDLong
by rjchilia123
BTC is in indecision area, what are supports and resistances?BINANCE:BTCUSDT This analysis follows the last analysis (), where BTC fell to ($9,950 - $10,800) area, with a wick down to $9,500. From now, BTC runs to the end of the bull flag pattern, confirms by RSI indicator. It says BTC will have chance to break $11,800 strong resistance this week. Unfortunately, momentum decreasing prevents BTC to go up hard. BTC needs more catalyst and fomo to push the price up to the last peak at around $14,000. From my thought, BTC will range between $11,000 and $13,000 this week, leaving more room for altcoins to fly. We are so close to alt season, this time is not the time mentioned but next week. Supports and resistances are as shown in the chart.
by Batrachotoxin
2
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