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Log channels of bitcoins entire history suggest serious upsideIm seeing confluence of last bull market cycles potential pennant target(yellow dotted line) and the current bitcoin cycle flag’s measured move line (purple target). Now I’m not suggesting that we will definitely reach this target level on the current bull market, as we have already seen this was a target from the pennant we broke up from during the last bull market and have already had a bear market since then before getting anywhere near the target, so there’s a solid chance we could see another bear market before finally reaching this target in the bull market after the current one. However considering the bitcoin etfs have led to such an exponential increase in institutional buying, there’s also still a decent probability that we could somehow hit this target during the current bull market. A safer bet is probably somewhere around 120-140k imo,then again if we have a massive correction here thats larger than the average 30-40% corrections we usually have during bull markets maybe that could help reset the health of the market to prolong it and allow it to reach higher heights.Hard to say. Either way I wanted to post a copy of this idea while I have it charted so I can look back it later to see how price action responds to these channel trendlines once it reaches them. If somehow e do reach the full target of the current bullflag we are breaking up from we could see anywhere from 300-320k the dotted blue line I included is for if the previous bull pennants pole is actually the fully extended price impulse, if so i am almost certain it will take at least 1-3 more bull markets before we would reach the full dotted blue line. I also have a monthly char that shows key channels that connect the previous few bull and bear cycles tops and bottoms but not the entire history like this one does and those channels would only allow for about 140-150k top in 2025 if we were to stay inside of them….if we broke out of them that’s when the targets shown here then start to become more of a reality in the current bull run. Until then I won’t expect anything above 140-160k and more realistically probably 120k range. Still worth posting this to eep a better eye on it. *not financial advice*
INDEX:BTCUSD
by DrDovetail
2
IBM Bull Flag: LongPosition: Bought 80, 290 strike OTM January 17 2025 Calls at $0.08 TA: Bull flag with a symmetrical triangle at the tail end of it. Targeting underlying price of between $235 and $250 between May 2024 and November 2024. FA: Market Cap $170B with Revenue at GETTEX:61B annually as of 2023, with positive earnings. Deeply undervalued compared to other names like Microsoft, Tesla, and NVIDIA. Lots of enterprise solutions for the AI boom. IBM trading at 2.7x Revenue currently, meanwhile MSFT at 14x, NVNDA at 32x, and TSLA at 6x.
NYSE:IBMLong
by evolve-quant
Can Btc reach the full target of this simple bullflag?Amazing price action lately for bitcoin as it is now breaking up from a bullflag with a full measured move target from the flag of $64808. We can also see that if the current candle closes similar to the shape its in now that we would have a 3 green soldier candlestick pattern on our hands which most often s signals a bullish continuation. Of course there can always be exceptions to the bullish continuation but those are always a low probability. Let’s see if we can reach this full breakout target of this recent bull flag before any significant pullback takes hold. If we do we may just surpass the first top of the last bull run and be very close to nearing the current all time high *not financial advice*
BITMEX:XBT
by DrDovetail
SRF - will its tested consolidation bear fruit?Price is contained around 2000-2500 range for more than 3 years now. It could have broken out earlier but the financials are not favourable for that to happen. Despite the negative quarters for SRF price is still holding its range — this hints that: market is waiting for positive news and any little positive can bring rush in price movement! Since Management is expecting a recovery in 4QFY24 — if it happens I can visualise the price action as shown in the chart.
NSE:SRFLong
by shivalingesh
Bullish Flag Breakout and 5-0 Pattern Combo TradeI'm closely monitoring AUDCAD, and here's why: 1. Bullish Flag Channel Breakout on 4-hourly chart: - AUDCAD has recently broken out of a Bullish Flag Channel on the 4-hourly chart. - This breakout suggests a potential bullish move in the market. 2. 5-0 Pattern on 1-hourly chart at 0.8829: - Waiting for a retracement, I'm eyeing the completion of a 5-0 Pattern at 0.8829 on the 1-hourly chart for a potential long opportunity. - Utilizing a combo trade strategy to manage risk and enhance returns. This combo trade involves combining the breakout from the Bullish Flag Channel with a harmonic pattern entry on a lower timeframe (1-hourly 5-0 pattern). Feel free to share your insights and trade plans for AUDCAD in the comments below. Check the chart link for a visual representation.
Long
by RaynLim
CNDT Conduent Incorporated Following the breakout in end-2023 from the diagonally-downward sloping channel dating back from mid-2021, the share price found resistance at the 0.236 fib level. Proceeding this, another fib could be drawn to identify the next support level. Everything indicates that support will be found at 0.382 fib level of the latter mentioned fib, this also coinciding with the recently drawn support line. One can also note that a bull flag pattern is in the works, with the pole dating from mid-November 2023 until end-December 2023 and the flag from the latter and still ongoing. Although the MACD did not yet cross the signal from below, it is only a matter of time. The 50 SMA recently crossed from below the 200 SMA, and the share price seems to have found support at the 50 SMA. RSI stands at 42 so it is in mid range. The company also has a solid P/FCF and P/B. 1st price target: 3.90 2nd price target: 4.18
NASDAQ:CNDTLong
by JPbullbear
BTC bull flag despite overheatingBTC looks to be printing an atypical bullflag here with heavily contracting price action after the most recent run. I have been expecting a correction for a while and it just has not come, maybe we really do bust to 75k before, this would make a correction here a much higher price point. Using a 30% correction we will note the following. Correct here (62k) = 43,400$ Correcting at 68k = 47.6k Correcting at 75k = 52.5k Either way it makes NO SENSE to not have some pull back here. Harsh pullbacks are part of bullruns, expect many gut wrenching pullbacks this year. This is why getting in as early as we did is so pivotal, you can be caught naked with a 30-40% haircut very easily on any of the assets we discuss if you buy local tops. Summary: Bullish next few weeks Correction Before mid-April (not adding to positions other than link/avax) Bullish AF long term
BINANCE:BTCUSDLong
by Apollo_21mil