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Bullish vs ImbalanceBased on the technical analysis of the Bitcoin chart, we observe that the impulse beginning on January 23rd reached the minimum correction level of a 0.382 Fibonacci retracement on April 13th. This movement has initiated the formation of what appears to be a bullish flag pattern. The impulse range is approximately $35,000, and with the flag's bottom line currently near $60,000, we project a target for this bullish flag to be around $95,000. Additionally, the next significant Fibonacci retracement level, the 0.618, is located around $52,000. Should the price break below the bottom line of the flag, this level could serve as the next target. Importantly, this $52,000 level is most likely critical because an imbalance was created during the period of February 26-28, which could act as a magnet for price movements. Investors should monitor these developments closely, as a breakout from the flag pattern, especially downwards, indicates potential changes in the momentum and market direction. As always, I recommend diversification and careful risk management in your investment strategy. Keep an eye on market conditions and other macroeconomic factors that could influence price movements.
by MyNameIsEmrah
1
Bitcoin in the bullish channel.As the analysis on the chart. Bitcoin is currently on the bullish channel (namely the bullish flag, bull flag ). The pattern I found in the 4h timeframe is pretty obvious, and very clear . If it breaks the upper resistance (preferably with a confirmation), it most likely would be 85K in a few weeks . Although since 70% or more confidence in terms of probability the bullish flag has, more likely to go up, still if it breaks the lower support, it could be a plummet (target 52.2K) . Though, it also can be a false breakout, considering the current fundamental situation. That's all.
Long
by fumiyaorg
Bitcoin Bull FlagCME:BTC1! Possible Bull Flag on CRYPTOCAP:BTC Measured move approx 96400. Could we get a Fakeout as the ignition for this move. Post Bitcoin Halving ... markets look just as exciting. Aggressive entry on candlestick currently printing (not closed on D) Always have Plan A and Plan B and manage Risk. Always having Plan A and Plan B scenarios so we can react once the markets provide an opportunity to execute our edge. If you liked this idea or if you have your own opinion about it, write in the comments. The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.
CME:BTC1!
by imr4nkh8n
It appears that the metaverse & gaming cryptos are waking up. Just as we are finally seeing mana pump and gala, we are now likewise seeing sand follow suit too as it seems to have finally broken up from the extended descending bear flag it was in for the longest time that I have posted charts about in the past. There are two possible measured move targets for the yellow channel its breaking up from. The dotted pink line represents th target if the slightly lower top trendline is the more valid top trendline of the channel, and the dotted yellow line represents the breakout target for if the highest of the potential top trendlines of the channel is the more valid one. Often times they both end up being validated. The dotted dark bluish purple trendline is the measured move for when sand breaks above the top horizontal bluish purple neckline which is the neckline of the double bottom pattern its currently printing on the chart. *not financial advice*
BINANCE:SANDUSD
by DrDovetail
1
Will DXY break Descending Channel at Support?!Here I have the DXY on the 4Hr Chart! For the past 2 weeks, Price on DXY has been steadily falling! With our Highs and Lows marked, we can see that Price is outlining what looks to be a Descending Channel! If price continues to follow down this channel, I suspect that the ( 105.53 - 105.025 ) Support Zone will be the area price will Most Likely find support to push higher!! What I want to see is Price test the Falling Support of the Descending Channel for a Third Time with a successful bounce ultimately turning this Descending Channel into a Bull Flag Pattern! -For added confirmation, once the next low is formed, I'd like to see: 1) The low be Equal too OR LOWER than the Second test of the Falling Support 2) A Bullish Divergence to appear on the RSI so underlying direction Fundamentally to finish the week: Advanced GDP, Unemployment Claims, Pending Home Sales (Thur) Core PCE, UoM Consumer Sentiment (Fri) -Another big fundamental factor to DXY strength will be the results from JPY Policy Rate decision and Core CPI released Thur!
TVC:DXYLong
by Novi_Fibonacci
Bonds "Bull Flag" Break Could Accelerate Downside QuicklyI find the position of Bonds very precarious going into this week. I've heard it said that Bonds are are in total "hands off" mode or "anything but bonds" is said right now. Nobody wants them... and if they fall fast it could literally cause a "Bond Crisis." So this is going to be an important watch. In the shortest time frame I see a potential Leading Diagonal down, which has a very small correction 50% maximum) already started. My stop is above 62% of this tiny decline. If the natural targets of this leading diagonal are hit that points to a very fast move of 3 points to the 123% - which will be a definitive break of the bull flag. And I think that will create the 1st wave of an extended 5th wave which could target 3.6 or 4.6 extensions for the larger 1-2. That would be a fall of 7 or 11 points and basically 5% yield. ...Which could be dubbed a crisis in the short term.
CBOT:ZB1!Short
by FuturesIntelTM