Cyber Monday saleUp to 70% OFF

FLAG

ADAUSD Starts the Continuation of UptrendImportant things to note: BTC is cooling off. I do not see it going much lower. ADA started its flagging continuation. Price broke out of last flagging pattern. ADA created a smaller flag for continuation of uptrend Price target from smaller flag is 2.59. This coincides with our last target of 2.62. We now have a general idea of where the price is headed. I have noted the hidden divergence I saw. Important dates: BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24. I am going to make this quick because the update is pretty self explanatory. Right now BTC is cooling, but I do not see it going past 53k before it starts moving up again. ADA has broken out of our last pattern with a classic 3 drives pattern and has now created a smaller flagging pattern. The target from the smaller patter is 2.59. This is measured by the size of the pole added to the top of the pole. This target coincides with our last target of 2.62. The target from the smaller flag is 2.59. If the pattern does not break, this is the general area the price is heading to. If the price breaks, it will head towards a support of 2.15 or 2.03 etc. However, since we have bullish momentum and bullish signals, and patterns, we should assume the pattern will complete. I have also noted the hidden divergence I mentioned on my last chart. Remember, try to relax during this time. The momentum of ADA will lag behind BTC, but once BTC hits its ATH and retraces, its time for altcoins to start really moving. For now, expect minimal gains, maybe a small pullback and a lot of consolidation. I will continue to keep an eye on ADA and update you accordingly. Thanks again everyone! I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
31
ADAUSD Flagging ConsolidationImportant Things to Note: BTC is flat out unstoppable. Despite any divergence or patterning, the FOMO is real and the buying is undeniable. This makes it extremely hard to predict the altcoins that follow it closely. Watching ADA consolidate for 3 days has been painful. From the last double bottom reversal, ADA looks like it is flagging. The coil it is forming is a sure sign heavy consolidation is happening. There is a little hidden bullish divergence but its very hard to tell because the bottom is so small. If the pattern holds, we will see a push to the target from the flag to 2.62. This pattern makes sense and is backed up by similar targets I have found. Important dates: BTC ETF Deadlines Nov. 21, Dec. 8, Dec. 11 and Dec. 24. So, I am finally back, with power and internet for now. It has made trading extremely difficult. However, I was able to take a good look at ADA. The way I see it, BTC FOMO is too strong, it has no intentions of slowing down, but I am wary about the next higher low that is coming (46-47K). For now, altcoins that follow it like ADA are hesitant to move and are consolidating mostly. If BTC continues this path, and why should we expect it not to at this point, I see ADA finishing its flagging pattern and breaking out with a move to 2.62. Set your alert for the top of the consolidation trendline and the bottom. If BTC decides to all of a sudden create its higher low, I might finally see the 1D double bottom I have been wishing for, which seem like forever now. You can see the double bottom that formed on the 4 hour which was the trend reversal. This puts the bull flag continuation pattern into play. I told you originally that the altcoin momentum will lag behind BTC and that still stands. All the money I have been making in quick trades with smaller coins I have been funneling into my long term investments. This should pay off greatly when they start to really move. As always, I will keep an eye on things and continue to update you all on ADA. Thanks again everyone! I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it. Tell me what you think? This is not financial advice. DYODD.
KRAKEN:ADAUSDLong
by mysticalwalrus
54
In case of failure of$48.5K, it is expected to increase to$52.5KIn case of successful failure, a rectangular pattern is formed. Waiting for the formation of the flag pattern and the end of the horizontal correction increases the price. With the break of the heavy resistance of $ 48,500, the price is expected to increase to the range of 52,500. In the range of $ 52,500, the resistance is 2,618 Fibonacci and the end of the flag pattern. * Horizontal correction is one of the strongest signs of rising prices in financial markets.
Long
by AmirAli4bdi
2
longing sentiment after the bearish flag for GBPAUD?From the previous week we have been able to witness a steep uptrend on this pair , this indicates along the way unless there's a chance to find a bearish trend there will be patterns along the way such as he clear patterns we are observing , a bullish flag now here is our catch , being at the moment in time , we have observed that the price broke through the brick wall - resistance trendline ; and made a proper retest on the support line , rejecting with a long wick , but we will consider this bias as invalid after the break of the bigger . lower low .
Long
by DIGITALASSETSINC
keep an eye on the flag... excerpt (tangent) on time frames.might not be an explosive one, but I don't know many buyers that can resist a bull flag. There is a lot of resistance to get through, but flags sometimes have a way of spearing. ----- A small tangent on trading multiple time frames: When I first started trading it seemed like changing from one time frame to another was comparable to looking at entirely different markets. By the time I got down from the daily to the 15 minute it felt like I was looking at a totally new chart and that nothing important carried over from the Daily timeframe. I'm slowly curing myself of this, but I can't put my finger on any cause or revelation I came to. That leads me to thinking it's something you have to practice and practice until it becomes a reality. It was like my mind physically couldn't hold all of the pieces together from the higher time frames. Moving to the lower ones, it would just let go of the previous information in favor of what was in front of me, being the lower time frames. I am getting better at holding all of the information together, but still it's not a cake walk. I would liken trying to do so to learning the piano. The ability to use your left hand and your right hand separately is something that requires conscious effort to decouple, isn't easy at first, but gets more natural with time spent practicing. The left hand typically does a slower tempo, and the right hand plays the faster rhythm. Same as trading. High time frames march to a slower beat, but they lay the tempo. The lower time frames make more notes, but they still occur within the tempo established by the left hand. Then you have times when high time frame support or resistance fails, instead of throwing them out the window, and deciding that only the lower time frames matter, you could instead consider it a change in key signature.
CME_MINI:NQZ2021Long
by emehoke