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FLAG

BITCOIN will find support above $57k & Rally To $90k In 2025.I thought I would look at BITCOIN as I've been doing my Plan Your Trade videos. I don't follow BITCOIN much - but the skills I teach related to price channels, Fibonacci Price Theory, Anchor Bars, Fibonacci Retracement/Extension, and others can be easily applied to any chart. So, I created this video to share with you how I look at opportunities and pertinent price formations. First, I see a FLAG formation that is nearly complete. Second, I see a 100% measured move that has prompted the stalling price action (the FLAG). Third, I see multiple price channels leading to a robust possibility for a rally phase in BITCOIN later this year and into 2025. Lastly, I paired my analysis of BITCOIN with my expectations for the US Indexes. Thus, if I were expecting a broad market collapse over the next 6 to 12+ months, I would bias my decision-making towards the downside as asset declines typically result in all assets moving downward for a brief period. Watch this video and let me know what you think. I've laid out an A (bullish) vs. B (bearish) scenario for everyone and highlighted key levels of support/resistance for traders. At this point, I believe the strongest outcome for BITCOIN is a bullish rally targeting $90k+
BITSTAMP:BTCUSDLong
by BradMatheny
6
SMCI: Breakout Ahead?Daily Chart: On the daily chart, SMCI is forming an ascending triangle pattern, a bullish continuation signal. The price has been making higher lows, suggesting accumulating buying pressure. The resistance level around 972.44 is crucial. If the price breaks above this level, it could signal a continuation of the uptrend. However, if it fails to break through, it might revisit the lower boundary of the triangle or even the 21-day EMA, potentially testing investor sentiment and patience. Weekly Chart: In the weekly chart, the stock is exhibiting a flag pattern, typically a bullish continuation pattern formed after a strong upward move. The price has been consolidating between the 38.20% and 50.00% Fibonacci retracement levels, which often act as support during pullbacks. A breakout above the flag pattern's upper boundary could resume the prior uptrend, potentially reaching new highs. Conversely, if the price breaks below the lower boundary and the 50.00% retracement level, it could signify a deeper correction, possibly toward the 61.80% retracement level. Conclusion: Considering both time frames, SMCI is currently in a consolidation phase with bullish potential. The key levels to watch are the resistance at 972.44 on the daily chart and the boundaries of the flag pattern on the weekly chart. A break above these levels could confirm the continuation of the uptrend. However, caution is warranted if the stock fails to break these resistances, as it might signal a possible retracement or a period of further consolidation. Therefore, monitoring these levels closely will be crucial in anticipating the stock's next significant move. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.
NASDAQ:SMCI
by Nathan_The_Finance_Hydra
10
Nothing ....Hi. BINANCE:NOTUSDT 🔵We have a Bullish Structure here NOTUSDT formed a flag on 4h timeframe🤔 Up we go if we do breakout ,also a bullish Divergence (RD+) on MACD which shows Positive Signs for NOTCOIN. ✅ Due to the Ascending structure of the chart... 🟢 High potential areas are clear in the chart. 🟢 Bullish flag . 🟢Bullish Regular Divergence(+RD) Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
Sell GBP/USD Beairsh FlagThe GBP/USD pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry : Consider entering a short position around the current price of 1.2710, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.2665 2nd Support – 1.2640 Stop-Loss: To manage risk, place a stop-loss order above 1.2760. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
14
The Mechanics Of Trading - Part XII - 6-4-24 FlagsPart XII I started this video because a friend asked me for help determining trends on multi-interval (time frames) and asked how I look at trading across multiple intervals. Asking how to best setup/use price trends to capture the best trade setups. Essentially, it comes down to three key components... A. Initial reversal/impulse waves should be traded lightly (if at all). They are the "potential price reversal setups" that are usually the most dangerous for traders (and often fairly short in length). B. Looking for the second wave to form provides traders with the opportunity to catch the bigger Wave-3. This wave forms after the impulse (Wave-1) and a corrective wave (Wave-2), which must stay below any previous ultimate high or above any previous ultimate low. C. Wave-3, and Wave-5 if applicable, are where traders can flex their muscles related to trade size using the techniques I present to try to capture the MEAT (Sweet Spot) of any trend. Remember, after Wave-3, you must prepare for the potential end of a trend setup where volatility is likely to increase and risks become a bit more elevated. I go over multiple techniques in this video. Fibonacci techniques and Fibonacci Price Theory Anchor Bars (breakaway bars) Using Fibonacci Retracements to identify key support/resistance levels for trending Stochastics RSI Wave formations (ZigZag) and Others This video is designed as an instructional video to help you incorporate usable techniques into your own trading style. Hope you enjoy.
AMEX:SPYEducation
by BradMatheny
C&H inside C&H to a 1000% soon on solid project $BTAFThe Bitcoin Trend and Forecast token, $BTAF is performing a stunning pattern: It is a Cup & Handle inside another Cup & Handle! What you see is a bigger picture, some 15 months; it has performed a very large C&H that has already broke out from handle (downward yellow channel), with target at stunning 1000% The handle of this bigger C&H formation is another C&H! This smaller handle is a perfect wedge that is sitting over the black VWAP line Targets from yellow flag is 280% from today price and it coincides with the Beam Band (thin purple line) and target from the small C&H is 100% But look at larger picture! While you go to 1000% you can make small profit takes on the way up
PANCAKESWAP:BTAFWBNB_7AC443.USDLong
by CCCLopes
Nothing!!!Hi. ➡️ the odds of another bullish Movement is Pretty high because the pattern which PEPE is in, Is a Bullish wedge Pattern! Since The break out has not happened, there is no confirmation of a Bullish Movement But If It happens.... ✅ Due to the Ascending structure of the chart... 🟢 The odds of another Bullish Movement is High! 🟢 Bullish wedge is Visible on The chart! 🟢 No break out yet! ✨Targets are: 🎯$0.00000769 🎯$0.00000893 🎯$0.00001025 ❗ Note that if the WEDGE is broken down with the power of descending candles, our analysis will fail. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
3
ETH Triangle BreakoutGreetings, ETH is in a consolidation triangle and could make an impulsive move upwards for a third touch of the trend line or a breakout of the triangle. The current bearish flag (on the 1hr timeframe) appears to be too textbook for an actual downside move. Timing would suggest the move starting between 6pm-9pm EST as this is when crypto typically has its weekend push. This analysis is for educational purposes only. It is absolutely speculative and not financial advice.
COINBASE:ETHUSDLong
by csohrab
BTC in bullish flag - but 20k USD impulse move next?BTC is in a parallel channel, bullish in a flag pattern. Based on this, the next impulsive move would be a approximately 20k (roughly height of the flagpole) one taking it to, depending on the point of breakout, approx 80k. But does anyone really believe or expect this in this current economic climate (Europe in recession, US tech job losses?) 20k, really? The answer mainly would lie in economic fundamentals, i.e. interest rates. If the Fed starts decreasing rates, which people are broadly expecting sometime this year, then the chances of the 20k impulse breakout are higher and the pattern will hold. The next question then is how much would the rates have to fall to get such a large impulsive move and not just a fakeout? This is largely impossible to forecast. Looking at the past, a near 40k move needed approx a 5% rate rise (in itself something that goes against the conventional wisdom of a climate if low rates are needed for crypto impulsive moves). Thus, it would be fair to say the fed would need around a min of 1.5% cut over the rest of the year to arrive a 20k rise in BTC Keeping the rate the same will just most likely cause patern continuation until the prices have reached so low (around 50k) such that the flapole is no longer valid. The way to trade this is two fold: Swing trade upon your expectations of a rate cut. If you think one is imminent within the next 6 weeks, then now is a good enough time as any to ride the rollercoaster. Margin trade (extremely risky): upon breakout of the pattern, with a 3 day filter for a fakeout, and on the back of a rate cut, enter a trade with a 3k stop loss and a 9k take profit. The questions then that any trader/investor has to ask themselves is: do I think the fed will cut rates? If so, when? And how many times? And do I think all those cuts will be enough for new impulsive move of about 20k based on the current flagpole. Personally, as multiple cuts will be needed, to hit 20k, and I'm not in the business of predicting whats in Powell's mind, I think waiting until there is a cut for a swing trade offers the best option.
Long
by slip_stream
1