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Bullish Flag

S&P 500 - A new all-time high this year! | Elliott Wave + Wedge SPX500, together with Nasdaq, has incredible power and is a great opportunity for traders and investors. On the 4h/daily chart, we have a descending broadening wedge, so you can wait for a breakout of this pattern to enter a long position.  According to my Elliott Wave analysis, an ABC correction has ended, and there is a strong possibility of a new impulsive wave to the upside!  As you can see, we have a total of 3 trendlines on this chart, which prints a very nice market structure.  The previous all-time high is the next stop, and after that, we will go much higher. The price is currently sitting on the 0.618 FIB, which is definitely the strongest fibonacci level that provides a tremendous buying opportunity at this point. Look at my ideas about Bitcoin, Ethereum, and TOTAL crypto market cap in the related section down below. For more analysis, please hit "Like" and "Follow"!
SP:SPXLong
by UnknownUnicorn2537518
80
TOTAL Crypto - Key support defended! Above 200MA + 0.382 FIB The charts never lie and, as you can see, the bulls successfully defended the 200 weekly moving average and previous swing high from 2018. We didn't even close a candle below the 200MA! We need to keep in mind that the 200 weekly MA is the strongest MA of all of them, and this zone is considered a strong support by huge institutions and hedge funds. If we drop below the 200MA for the first time, then you can bet on a 10-year bear market and sideways boring price action. You don't want this to happen, even if you are a bear. Yes, you want to buy cheap bitcoin at 13 000 - 6 000, sounds good, but you will wait 10 years for another bull market cycle. But for now, everything is perfect and we also hit the 0.382 FIB retracement from the previous impulse wave on the LOG scale. 0.382 is the second most important FIB level after 0.618. If you calculate it: 382+618 = 1. If we take a look at the MACD indicator, we can spot a bullish divergence on the histogram and also a bullish tick. So this tells us the bears are running out of steam and the bulls are gaining strength again. A lot of traders are very bearish. Altcoins like ADA, LINK, SOLANA, XRP, etc. will perform poorly in the next bull market in my opinion. These altcoins are great, but they need more time. I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more analysis, please hit "Like" and "Follow"!
CRYPTOCAP:TOTALLong
by UnknownUnicorn2537518
25
Bitcoin BTC - Ready for a massive uptrend! | Elliott wave Bitcoin has successfully completed a retracement of the first impulsive wave! This correction was very fast but also relatively strong (almost 0.618 FIB). This was a classic retracement for the second wave.  It is possible that we see these lower prices for the last time, so if you are still hesitating and waiting for 13 000 USDT or even 6 000 USDT per bitcoin, then I think it's not going to happen. It's everyone's dream to buy cheap Bitcoin.  We must remember that Bitcoin successfully defended its previous all-time high from 2017, which was around 19 000 USDT, depending on exchanges.  The third wave of the first impulsive wave is an extended diagonal, which is pretty rare to see in the market. But as per Elliott Wave himself, diagonals also appear in third waves.  The next major resistance and high liquidity area is exactly at 34000 USDT. It's very likely that we will make a pullback here.  Bitcoin is pretty weak compared to altcoins like BNB or ETH, because the BTC.D (Dominance) chart is going down and people prefer altcoins instead of Bitcoin at this moment. This trend should continue for another year (alt season). For more analysis, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
60
US Dollar forms a bullish flag against Swiss FrancAfter having made research and taking in to account the current conditions i think that sadly we can see a strong pump in the us dollar for the coming weeks. If you look at the chart of Swiss Franc against US Dollar you can clearly see a bullish flag pattern which usually indicates an accumulation followed by a continuation on the actual uptrend. If the price opens and closes over the upper trend line i will consider to open a long with targets 1.021 1.07 1.15 and 1.25 and i will set an stop loss order at 0.957. In the case that a clean daily candle is printed over the upper trend line i will try to enter at the pullback of the breakout with a limit order on 0.974. If the price fails to close over the upper trend line this setup is invalidated. I would be glad to see what do you think in the comments and if you agree with me don't forget to give a boost. Regards and happy trading.
Long
by piccard54
BNB swing short opportunityBNB Broke the support of $309 on 17 August 2022, the day after we confirmed that breakdown and brought BNB to the construction support at $276. Now BNB is climbing up. At $313, the 0.618 resistance is coming in, so an nice opportunity to short is all the way down to at least $277 again. as you can see BNB is breaking out his Bullish flag pattern on the shorter timeframes, The bullish target of this pattern is also around the golden pocket (0.618), so an extra comfirmation to short it. more comfirmations are another Lower high on the 2/4 hourly and the rejection point (supply) at $320.
Short
by nick-severs
AS Rome Fan Token ASR - Huge opportunity! Head and Shoulders! For some reason, fan tokens have been very strong in recent weeks, so it's a good time to buy! We have an inverse head and shoulders and a falling wedge pattern on the daily and weekly charts, which is great to see. Also, the main trendline from 2020 has been destroyed by the bulls recently, which is another great sign of upcoming strength.  If we take a look at the volume indicator, we can clearly see massive bullish volume this year, so there is definitely an increase in interest. The profit target is at the all-time high resistance level. You can also focus slightly below this level. I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
48
Ethereum ETH - More upside is coming! | Elliott Wave | Channel People are calling for ETH to flip BTC, but this is really a serious thing. If BTC loses its #1 position, then it could be a catastrophic scenario and may cause a panic sell of BTC. Of course, this event will take down all coins. But I don't really see any reason for ETH to flip BTC. If you want to bet on it, then good luck, but the chances are really low in my opinion. But overall, Ethereum is still one of the strongest altcoins in the crypto market at this moment. I expect one more impulsive wave to the upside to complete the superior impulsive wave (as per my Elliott Wave count). Also on the daily chart, we have an ascending parallel channel with a very well respected upper trendline. There is absolutely no bearish divergence on the RSI indicator, so the uptrend is really strong and stable. Of course, there is a possibility that we will retest the parallellity of the channel from the downside. Look at my ideas about Bitcoin, alt season and BTC dominance in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
51
Bitcoin BTC - Explosive breakout soon! | Wedge | Elliott Wave Bitcoin is still struggling to do an impulse wave with a gap. The rising wedge is close to a breakout, but be aware of a possible fakeout first. On the daily/4h chart, we have a total of 9 waves, which is really great at this point, because this indicates a motive/impulsive structure. Generally, 5,9,13,17,21 are motive/impulsive structures. On the other hand, 3, 7, 11, 15, 19 = corrective structures. Please keep that in mind! So if we drop even lower from this point, to 20k, for example, then we can count this 9-wave structure as an impulsive wave and we can expect much more later. As per my Elliott Wave analysis, the next wave to the upside should be a massive impulse wave that all bulls want to see. The rising wedge also looks a little bit like an ascending triangle, which is, of course, a very bullish pattern. Next stop 32,500 USDT. We can also wipe out all stop losses at this level before a possible consolidation. I expect tremendous gains for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
74
#4 Bull FlagNext in the series of Bull Patterns is the Bull Flag. The bull flag is usually the result of a strong up trend followed by consolidation of price that can lead to a continuation of the bullish up trend. The three main traits of a bull flag are: A) Pole - Rise in Price B) Flag - Consolidation Channel C) Breakout - Measured by Flag Pole, Confirmed with Volume Further confirmation should be used to confirm the breakout. A) look for a retest within a few sessions. B) volume to confirm breakout. Other confirmations a breakout is imminent could be: 1. Breakout level returning to past levels. 2. TSLA Stock split are extremely bullish (august 24). 3. Wider Market Trend is shifting bullish. 4. Elon indicating inflation is cooling. For more in my bull pattern series, checkout #1 Double Bottom
NASDAQ:TSLALong
by SPYvsGME
4
ETHBTC days away from 1day chart goldencross.Here we see the monthly logarithmic chart for the ethbtc pair so the impending golden cross is not shown here. It is only a few days at most away from crossing and we can see here on the log chart that the ethbtc chart’s priceaction is well above an inv h&s pattern and likely has validated the breakout of this pattern even though we haven’t reached its full measured move target just yet. We can also see how price action is now poking a monthly candle above this monthly bullflag in white here. I think it is very possible for ethbtc to continue pumping past the 1day golden cross on its way to hitting both of these chart pattern’s (bullflag and invh&s) targets. However there is such huge anticipation for Ethereum switching over to proof of stake that there is a high probability since the date for it has been announced so far in the future, that it will be a buy the rumor sell the news type of event that pumps up until the event then dumps the week or day of. The one possibility that could keep this from being a sell the news event however is If enough people post predictions that it will be a sell the news event…in which case if everyone in the herd is expecting a sell the news dump it could even continue to pump day of. For now though, it seems the overall sentiment believes the switch will lead to a pump so sell the news has a higher probability at the moment. That could change the closer we get if more and more analysts and youtube personalities start warning of a sell the news event. Quite the paradox really lol. In the short term however I think continued upside after the golden cross is likely, but if we dump on the day it switched to proof of stake the golden cross can still easily be a fake out that flips back into a death cross soon after, so it’s wise to stay vigilant. *not financial advice*
Long
by DrDovetail
Double bottom & bullflag both share the same breakout targetWe can see the double bottom pattern here in blue and the bullflag in lime neon green. Both breakout targets take us to the 26.3k range. This is great bullish confluence also great to see how when inside the flag the price action held perfect support when retesting the teal horizontal neckline of the double bottom. This all appears to be leading to something potentially much much bigger though as we can see on the coinbase chart price action is now above this descending white trendline. If we can flip this trendline to solidified support we might see a much bigger macro chart pattern breakout of a monthly chart falling wedge that has a much bigger target. I will post a separate Idea about that pattern and link both of these ideas together. Looking quite bullish overall I think the uptrend is going to be officially confirmed here. *not financial advice*
COINBASE:BTCUSDLong
by DrDovetail
3
EURUSD CPI Report Breakout-What's Next!Welcome back! Let me know your thoughts in the comments! **EURUSD - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
by BKTradingAcademy
1
Bitcoin Bull Flag Setup In The 4-hour ChartLooking at Trading a possible Bull flag pattern on Bitcoin (BTC/USD) today. In the Daily time frame, we are still in that large ascending channel and we have had a nice bounce off of the bottom of the channel suggesting a move higher. In the 4-hour chart, there is a bull flag forming. We have an impulsive move up with four bullish candles taking out previous resistance. Accompanying this impulsive move upwards is large bullish volume. These are the two things we want to see when looking for a flag pole. We then see the price cooling off and taking a breather while it slowly moves downwards which creates the look of the actual flag itself. We have three taps at the top of the flag and four at the bottom. We can see that the price is bouncing off of these two points of support and resistance. Accompanying this cool-off, consolidating period is low volume, which suggests that the price is just taking a breather and the bulls are getting ready for another leg up. What I would want to see to confirm an entry for this bull flag is the following. I have highlighted a yellow zone at the top of the flag pole. I want to see price impulsively break this yellow zone and close above it. I also want to see large bullish volume to accompany this impulsive move up. Then, If we see that, I want to see the price retrace back into the flag pole zone before opening up a long position targeting the middle of the daily channel. The price point around this target would be the 25500 level. This risk to reward (depending on where you place your stop loss) could be a nice 1 / 3 or 1 / 4. The price always respects the middle of a channel. This is why my target is the middle of the daily channel. But for me to enter a long position in (BTC/USD), I need all those entry requirements to be met. So let us see if we get that impulsive break, large volume, and a retrace. If we do, the vortex trader is going long on Bitcoin. As most of you know, I am a crypto investor. This means I'm a crypto bull. But with regards to trading, I only trade the setups that the charts provide. One cannot jump into a position blindly without having a set of rules and reasons for entering and exiting. If you do this, it’s the same as gambling. But if you follow your rules and only enter positions systematically, then you are following a system that has been proven to be profitable and consistent and in the long run, according to your backtesting, this will yield you positive results. On that note, I bid you all a great day. Let's go Bitcoin! The Vortex Trader.
BITSTAMP:BTCUSDLong
by TheVortexTrader