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BTC Bear Flag Short IdeaBTC recently had a failed shorter term bull flag breakout attempt, but it held $57.7k. However, there's a nice looking bear flag forming here and it has broken below. I'll be looking for shorts on a retest or on another rally if we never get a retest. We still have demand shortly below and the critical $57.7k area. First downside target from there is around $52-$50k which is a previous swing low along with prior support/demand. Final target will be the flag pole target around GETTEX:46K if $50k gives. I think if $50k gives it's not going to be pretty, but I'd still take profit at GETTEX:46K and reassess if it hit. First upside target is supply around $60k followed by the previous double top at FWB:65K if bulls manage to save it from this downside bear flag break.
BITSTAMP:BTCUSDShort
by AdvancedPlays
MarketBreakdown | USDCAD EURNZD, GBPCAD, GBPCHF Here are the updates & outlook for multiple instruments in my watch list. 1️⃣ USDCAD daily time frame 🇺🇸🇨🇦 The pair is currently consolidating within a horizontal range on a daily. I am waiting for a breakout of a one of the boundaries of the range to confirm the future direction of the market. I think that the price may keep coiling before the FED rate decision on Wednesday. 2️⃣ EURNZD daily time frame 🇪🇺🇳🇿 Similarly to USDCAD, EURNZD is also in a deep consolidation. The pair trades in sideways for many days, perfectly respecting the same horizontal resistance and support. Our trigger and the signal will be its breakout. 3️⃣ GBPCAD daily time frame 🇬🇧🇨🇦 We see a violation of a significant daily horizontal resistance and a formation of a new year's high. It indicates a clear strength of the buyers and a highly probable further bullish continuation. I will look for a retest of a broken structure to buy from there. 4️⃣ GBPCHF daily time frame 🇬🇧🇨🇭 I see a confirmed breakout of a resistance line of a falling parallel channel. With a high probability, the price will go up after its retest. Do you agree with my market breakdown? ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
Top 5 Weekly Trade Ideas #3 | NFLX Bull FlagThird bull flag in a row, they're everywhere right now. This one is a little different than RKT and Silver IMO because it's a tech stock. I'm not convinced tech is going to be bullish after this week, but if NFLX breaks out of this bull flag and makes a new ATH I'd have to expect more upside after. This started developing during the first week of August so it may take some time to hit the final target, but it'll be a blue sky setup. I'd be targeting 800, which is near the flag pole length from the breakout point and is a psychological whole number.
NASDAQ:NFLXLong
by AdvancedPlays
BITCOIN VS U.S. DOLLAR! BULL RUN??Hey everyone! If you enjoy this analysis, a thumbs up and follow would be greatly appreciated! Understanding the Inverse Correlation As you correctly noted, Bitcoin (BTC) and the US Dollar Index (DXY) often exhibit an inverse relationship. When DXY weakens, BTC tends to appreciate, and vice versa. Analyzing Recent Trends DXY Breakdown: DXY is currently showing signs of a bearish breakdown from a symmetrical triangle on the weekly timeframe. This suggests potential further weakness in the US Dollar. BTC Bull Flag: Bitcoin is forming a bullish flag pattern on the weekly timeframe, indicating potential upward momentum. Potential Outlook The combined analysis of both DXY and BTC suggests a favorable environment for Bitcoin. A breakout from the bullish flag, coupled with a weakening US Dollar, could lead to significant gains in the coming months. What are your thoughts on BTC's and the U.S. Dollar Index's current price action? Do you see a bullish pattern in BTC? Share your analysis in the comments below!
BITSTAMP:BTCUSDLong
by CoreCrypto1
This pattern could potentially yield a significant increase🐺 Hello Dear KIUCOIN community, welcome to another idea : 🐺 This idea may be brief🤔, but it offers significant potential benefits . Please take a close look at the following chart : 👇 As depicted in the chart, ICP$ appears to be forming a bullish pattern, potentially resembling a bull flag or an AB=CD pattern ; Based on my analysis of the pattern, I believe there's a strong potential for a significant price increase, possibly reaching the 0.618 Fibonacci level , also known as the🔥 golden ratio 🔥 🐺 Consider entering a long position once the price decisively breaks above the resistance line 🐺 I hope you enjoy this idea KIUCOIN community ; Also always remember : 🐺 Discipline is rarely enjoyable, But almost always profitable 🐺 Don't forgot to follow us on X 👇🔥
Long
by Kiu_Coin
10:1 Risk-to-Reward Setup - Bull Flag Breakout with Multi-TimeThis trade setup shows a confluence of multiple factors, aligning with a high-probability approach. Here's the breakdown: Bull Flag Breakout: The trade initiates after identifying a bull flag, which is a common continuation pattern following an impulsive upward move. This flag signals consolidation before a further upward push. The breakout from the bull flag gives a strong entry point. Entry Criteria: The entry was placed at 2560.404, slightly above the breakout area, ensuring momentum confirmation. A Stop-Loss (SL) of 30 pips was positioned below the structure, protecting the trade while allowing enough room for price fluctuations. This is crucial to avoid tight stops that may trigger prematurely​​. Key Support/Resistance Levels: 5M Lower Time Frame (LTF) S/R: This level acts as a lower frame confirmation zone, ensuring support below the bull flag breakout. 15M Support/Resistance (S/R): The larger structure aligns with the 5-minute support, adding strength to the trade by recognizing that price is supported by multiple timeframes​​. Target (TP) and Higher Time Frame (HTF) Confluence: 300 Pips TP is based on the HTF Trendline, offering a solid risk-to-reward ratio of 10:1. This suggests the trade is aligned with a broader market trend, increasing the probability of success​. Zone of Liquidity (LQZ): 5M LQZ represents a liquidity grab, further confirming that the market might push upwards after grabbing liquidity near support​​. Key Confluences: Multi-Timeframe Analysis: Price action supports the move on both lower and higher timeframes. Risk Management: A well-defined stop-loss ensures minimal risk with a substantial reward target. Pattern Identification: The bull flag within the trend adds reliability, as flags in impulsive moves offer strong continuation signals​​. This trade follows the "Rule of Three," where at least three confirmations (bull flag, multiple timeframe support, and risk/reward alignment) give the highest probability of success​​.
OANDA:XAUUSD
by Adlercon333
Bitcoin Analysis==>> Bullish Flag PatternBitcoin started to rise well from near the Support line and the Support zone($55,780-$54,550) again. According to Elliott's wave theory , Bitcoin completed the main wave 4 with Zigzag Correction(ABC/5-3-5) . In terms of Classic Technical Analysis , Bitcoin has succeeded in breaking the upper line of the Bullish Flag Pattern . We can also see the Morning Star Candlestick Pattern , which can be a sign of the completion of Bitcoin correction or the main wave 4 . I expect Bitcoin to break the Resistance zone($58,000-$56,600) and 100_SMA(4-hour TF) in the coming hours and rise to at least the Potential Reversal Zone(PRZ) . Note: If Bitcoin goes below the Support zone($55,780-$54,550), we should expect Bitcoin to dump to $51,000(at least). Bitcoin Analyze (BTCUSDT), 1-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
8
$AKTUSD massive bull flagThematic Investment Narrative: COINBASE:HNTUSD , easily the most successful DePIN Network to date, has been leading the altcoin market as a performant outlier-- with subscription count steadily increasing for their SEED_DONKEYDAN_MARKET_CAP:MOBILE network, this is a project that is generating legitimate business flows from real-world customers, and that makes it a standout alt to hold-- few protocols can make a (substantiated) claim like that. With that context, it's not as surprising that HNT has been leading the way over the past few weeks as markets have been experiencing sideways volatility at large. Investors love altcoins because it is basically decentralized VC-- and while mom and pops can get exposure to these VC-esc exponential returns-- they are also sometimes not prepared for that same potential downside involved in such illiquid markets. The DePIN companies/projects/protocols with more 'meat on the bone' (i.e. paying customers), will be the ones that are safer to hold through this potentially brutal market VOL. So AKT: With equally solid growth and adoption/user statistics, AKT may be primed to become the second-in-class DePIN 'Blue chip'. Leases & USD spend are up, Compute, Memory, and Storage are also trending up and to the right. I feel that investors seeking outsized returns from #DePIN 's next macro leg up might look down the risk curve from HNT and see AKT as another gem in the rough Technical Analysis: - Massive Bull Flag Pattern identified - Daily Candle 1D RSI Breakout test is imminent (bottom chart purple arrow)-- perfectly aligning with the September 18th FED Rate cut decision** If we do get a surprise 50 bps cut, it might present an excellent 'last stop before moon' buy-opportunity for higher risk assets, ultimately the economic stimulus will come back steeper than it did in 2021.... hang on **25 BPS Likely, 50 BPS will probably be bearish honestly NFA DYOR
KRAKEN:AKTUSDLong
by httpz