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Bullflagpattern

OMGBTC - Quick update, the stage may be set? now with TP's!Quick update on OMGBTC . Previous analysis showed us a history of bullflags and a potential bottom of that bullflag. Plus some signs to look for. The past few days, everything has pretty much played out to plan. But let's not jump the gun and sell the wife to buy OMG . We've got good support on EMA 100. Right on the cusp of our buy zone. MACD was looking unhealthy during the pop, and we're heading towards a cross into a potential rebound with shrinking reds. What's good MACD going to do for us? Stoch has been the signal in the past, it spikes into overbought area territory just before things really start to pop, and we're seeing a strong upward trajectory at the moment without being in overbought area yet. Potential for a cross, but at the moment, very strong sign. Overall thoughts: We might well be in the setup right now. General financial market movement could stifle the growth a little bit but in general patterns seem to be shortening across the board. If we see RSI continue to grow and strong candles keep posting we're on our way. I mean, obviously. TP : all along the fib, as this seems to be where resistance and support levels have been falling. If the market wants to use it, we'll abuse it. #1 - 0.00038 #2 - 0.00054 #3 - 0.00082 (previous high) #4 - Potential for higher gains... Last pop was 400%+ SL : 0.00018 territory. If we break into the previous trendline it could be a signal of the end of the almighty OMG bullflag . -- “Security is mostly a superstition. Life is either a daring adventure or nothing.” — Helen Keller -- I'm a guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. If you like my analysis, then leave a like and feel free to follow for more free content. Feedback, criticism and crude humor are welcome :)
OLong
by cryptosince1963
3
ZRX - Entering the Buy Zone? 150% Potential?ZRX is an open protocol that enables exchange on the Ethereum network. It was pretty hyped in August as the ETH network charges started to increase, and ZRX was a cheaper alternative. Seems to have been trading on a series of bull flags . Bull flag is a continuation pattern characterized by a sudden rise in price followed by a slow decline or sideways movement. Currently, we are testing the water dipping into the last big historical resistance band. We saw a drop into it this morning with a decent spring back above it. We've moved below EMA 100 and EMA 200 . We've been above this for a month now with the last dip to EMA 100 during the big Sept drop, leading to a quick rebound. Stoch is bottoming out, could see beginning of a reversal forming soon. MACD shows a shrinking downward trend. BUYING IN? Keep an eye on it! but not buying in right now. Big potential for gains after we leave the downard channel and running into resistance and EMA levels here in promising. Will need to see how the market plays out to see whether this is the buy time or not. If this resistance breaks we could see bigger declines, so don't buy in too big too early and get bit. When we leave the downward channel, it's game on. Potential for 150% profit long term. I've put some TP's below based loosely on previous resistances, use at your discretion ;) TP's : 0.52, 0.65, 0.95 SL : 15-20% Max Aim for the moon, if we miss we land among the stars. Or asphyxiate. I'm a simple guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. Feedback, criticism and crude humor are welcome :)
Long
by cryptosince1963
4
VITEBTC - Bottom of bull flag? 100% gains?VITE has shown a lot of life today, despite market wide sell-offs. Historically, VITEBTC trades on a bull flag , a pattern where the price rises rapidly followed by a period of sideways movement or slow decline. With the first flag being quite evident and the last few being a little muddled in volatility, but still there, we have historic proof for this trend. It would seem today's movement breaks out of the current Bull flag, which would imply 100% gains off the low point as has been the historical trend. MACD posted the first small green bar on the daily charts in weeks, along with a heavy cross. RSI shows upwards trajectory with room still for growth. MA 100 was also just moved below. Historically, we move back to MA 100 days after dropping below it, often preceding the spike. I've circled these areas in red. BUYING IN? If tomorrows candle posts strong, I think we can confirm an uptrend up to at least previous high. Indicators are strong, but it could still be in the downward channel. I wouldn't be opposed to making a small buy now with the intention of either making up losses on the next peak if this one heads south or hodl until then and DCA away the pain. TP's : 0.00000250 & 0.00000320 This is previous resistance on the upswing + previous high. we may see higher but historically the gains are about 100% from the low of the run. SL : MAX 20% Remember to practice proper trade sizing. If you're worried about trade it's probably too much! I'm a simple guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. Feedback, criticism and crude humor are welcome :)
Long
by cryptosince1963
Bottom of the bull flag for OMGBTC? OMGBTC has historically traded on a Bull flag ( a rapid rise in price, followed by a period of either sideways or slowly declining price) It seems to be reaching the end of that flag. The last 2 weeks have been a steady decline for OMG. Currently it's resting at the start of it's former Resistance area. Another drop in BTC price could potentially see us fall further into that resistance area. This resistance area does appear strong; the start and current barrier is the psychological resistance of 3.00 on the USDT charts, and we all like round numbers. This area is also right above the EMA 100. It wouldn't surprise me if we dropped a LITTLE bit more, the market seems very choppy right now and until BTC settles down I doubt we'll see the pop. BUYING IN? Best strategy is to wait for the first big candle out of the channel to post and buy in after. Note that as we saw such a large increase last time, there may be "fakeouts" where we see breaks from that channel that aren't true. How do we get around that? Watch the RSI: I've marked on the chart, preceding the past pumps we see a spike on RSI the days immediately before the action. Looks like a plateau, instead of a mountain, to put it plainly. We aren't seeing this right now, further increasing the feeling we might be waiting a while on this. Historically, it doesn't go all the way all at once, you get a few days of build up you should notice by the combination of a clear deviation from the channel as well as an RSI spike preceding it and continuing through. If you don't want to miss any action you could buy in some now, and DCA over the next little while as with a current 67% drop in price from ATH we're likely but not guaranteed to see sideways movement for a while. But be ready to hodl for a bit; the last cycle took almost 3 months to complete. Take profit for me would be previous ATH, likely conservative. We could see gains quite a bit higher than that so split your TP beyond that if you're feeling the greed. I'm a simple guy that you don't know posting his ideas on the internet for the sake of improving as a human being. If you take this as financial advice, that's on you. Feedback, criticism and crude humor are welcome :)
OLong
by cryptosince1963
EURCAD : Bullish Flag Breakout?We have 2 signals telling us bearish trend is over : 1) bullish breakout from descending channel and a little pullback on that. 2) divergence on the RSI at the end of trend. But note that the price is in a strong resistance area and anything could happen this week. If you look at daily time frame you can see a perfect bullish flag pattern. So if this breakout be real we could expect the price rally up again. If price breaks the resistance line (wich also is a 38.4% retracement area )and close above it we could say its going bullish through the Fib retracement levels first and then the next target is around 1.59000 and even higher in the future. But if price go back to channel we could consider that as a fake breakout and its proceeds as before. So monitor for breakouts and pullbacks and also use candlestick patterns for confirmation and finding the best entry point. Thank you , do not forget like and comment!
Long
by mohsenfx
2
Bull flag formingLooking to enter a trade in $SBUX following a bull flag formation. Waiting for: - confirmation of price above trend line at $86, - increase in volume, - MACD and STOCK giving stronger signal If trade is entered, will set stop loss below support around 84.15. Taking profit around 90.30, 93.5$ and 99$ depending on price movement. Time frame of the trade 4-8 weeks. **** This is NOT a financial advice, but only my opinion. Please do your own due diligence before investing. ****
NASDAQ:SBUXLong
by aristocks