Cyber Monday saleUp to 70% OFF

FLAG

Bitcoin - Important Weeks To Come 🚨Hey fam, this TA is important, so please pay a close attention and in the end, let me about your ideas in the comment section. What do we see in the chart❓ There are two strong bearish movements both took 11 weeks and also there is a 9 weeks upward retracement in the between. The price is now in the 4th wave of the main bearish movement and it is a retracement. I expect it too take 9 weeks from the beginning as well. It reaches us to the conclusion that 15 mid August is an important date for Bitcoin and our analysis, you can see it as a purple line on the chart. I personally expect two scenarios for this 4th wave (retracement): 1️⃣ Scenario 1 : The red line on the chart. The price will make an upward movement to the gray and yellow resistance and near our light blue trend-line, just like our previous retracement spoken above. I expect it to see this high peak around mid August as our important time pivot. Because of a bearish flag it can leads the price to our final bearish (5th) wave to the red and yellow support area around $12,000 - $14,000. That point will be be dip of Bitcoin in my view and I expect some consolidation before rise, but I will buy in that dip. NOT A FINANCIAL ADVICE! 2️⃣ Scenario 2 : The green line on the chart. The price will make a slow downward movement to our red support (Around our purple time pivot). This will be a very bullish sign for me, because it shows that the bears are getting weaker. I personally open long positions with leverage in the dip if this scenario happens. Again, NOT A FINANCIAL ADVICE! I'll have expect a smaller consolidation before rise in comparison to Scenario 1. ----------------------------------------------------------------- Don't forget to hit the like button if you liked the analysis and leave any questions you got in the comment section, I'll answer them all💓
by ArshiaZojaji
3
Bitcoin, 1 pump chump bound for correction not sustained pump. BTCUSD 3D Chart - Currently maintaining its validity inside of the bear flag, Bitcoin may be out of steam regardless of the "risk on" morning Crypto had after the CPI release. Looking over the past 50+ days we can see Bitcoin has had a pretty consistent 2 up, 2 down timed count with the exception of 1 data point. Now this is a small sample size but we are in a Bear Market even if the micro trend has been upwards/Bullish. With that said, its not as likely that Bitcoin will just continue to climb and climb and the odds will favor Bearish moves. Currently, in the 2nd candle of the upswing with a lower high we could see 2 consecutive down candles. Upside levels to watch - pivot high at 24.6k or closing above 25.5k for a shot at 28k+ Downside levels to watch - pivot low at 22.4k and the 2017 cycle high of 19.5k.... Keeping in mind anything below roughly 22k becomes outside of the Bear Flag depending on what time frame you are looking at. Anything lower than 25.5k I remain Bearish on Bitcoin.
INDEX:BTCUSD
by jlouvierobv
4
Bull Flag On AUD/USD – Wait For A Break And CloseLooking at trading a possible bull flag on AUD/USD today in the 4-hour chart. The bull flag pattern is a simple, easy-to-use strategy. We can see that price had an impulsive move up which formed our flag pole. We had strong bullish volume to accompany this move which confirmed bullish pressure. Currently, we are seeing a pullback between the bottom and top parts of the flag. Price is treating this area as support and resistance as we have had multiple taps on either side. To trade this setup as a flag, we need the following to happen. We need the price to break up impulsively through the yellow zone and close above it with strong volume to accompany it. If we see that, we can then wait for a retrace back into the yellow zone. Once price retraces back into that zone and retests it flipping it from resistance to support, we can then open up a long position targeting two possible areas above. Target one would be around the 0,704 price level. Target two would be around the 0,7614 price level. However, remember, we need all of our criteria and requirements to be met before we go ahead and jump into this position. We need a valid entry setup. If the current price movement keeps trending lower and lower, it will invalidate our setup. We saw the same scenario on the Bitcoin (BTC/USD) Chart yesterday. The flag kept trending lower and broke the support and the setup was then completely invalidated which therefore gave us zero entries. We need to keep an eye out to see if the same will happen here on the (AUD/USD) Chart. Notice, to the left of this flag pattern, we see two bottoms. Could this be a Double bottom? Could the price be hanging around the neck zone before moving another leg up? Double Bottoms are famous for having price chop you out around the neck zones as market makers and institutions know that retail traders like you and I use these setups to our advantage so they will make sure to try and stop us out. This is just one possible bit of added confluence. However, I'm not looking at this chart from the double bottom point of view. We are looking at it from a bull flag point of view. This suggests we need that impulsive move upwards for us to start thinking about an entry. Until then, let's watch what happens. The Vortex Trader.
Long
by TheVortexTrader
two opportunity to get great position on xauusdhello guys! as you see on chart, gold is on ascending channel and did not break this channel for now! but in upper level we see a great flag that form on 2 main master candle so this flag is so important and there is potential there for making gold bearish! but this flag formed in a compression and if last supply zone engulfed, price will touch fisrt zone! i hope you get profit from this! If you agree with my analysis or you are happy, please hit the "like" button and "follow"!
OANDA:XAUUSDLong
by melikatrader94
10
SIGA to Break Upper Trendline?SIGA has an ascending channel pattern on the daily chart. A closer look at SIGA shows a bull flag formation on the hourly chart. I strongly believe that a break of the flag (on the hourly) will push SIGA above the upper trendline of the ascending channel (on the daily). The measured potential maximum move of the bull flag is approximately 4.18 points and the measured potential maximum move of the ascending channel is approximately 15.90 points. Therefore, the combined potential maximum move approximation is 20.08 points. Therefore, my entry will occur after price breaks and holds level 24. *This is not financial advice. Loved and Blessed, MrALTrades00
NASDAQ:SIGALong
by MrALtrades00