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Bullflags

Cup & Handle Confirms. Daily Golden Cross Expected to Follow.Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business. Sawcruhteez Strategies: How to BUY THE DIP | Advanced Dollar Cost Averaging Methods EMASAR: Buy $8,158 50 & 200 EMA’s 15m: Bullish 1h: Bullish 4h: Bullish D: Very close to getting a golden cross after pulling back and into the 200 EMA: 4 & 9 EMA’s W: Patterns Cup and Handle is confirmed. Target is $11,675 (pictured above) Bear channel is broken: Button Bottom: Bull Flag with $10,550 target: Horizontals Trendlines Daily: 1h: Futures Curve Contango with 3.76% spread Funding Rates Longs pay short 0.0238% TD Sequential 4h green 2 Daily green 3 Weekly green 4 Ichimoku Cloud Have recently reentered weekly cloud Daily C Clamp is a cause for concern Conclusion: The Bitcoin chart is starting to look quite bullish if you ask me. We have been reclaiming some major levels and confirming some major patterns. The Wyckoff is playing out very nicely. It seems we are finishing the final stages of markup from that pattern while confirmed some new ones. Featured is the cup and handle and she is a beaut. As we were recently pulling back I was holding my breath that the 200 D EMA would hold as support. That put us in an excellent position to get a daily golden cross and it also established the handle of this bullish pattern. That support from the 200 D EMA also appears to have been enough to breakthrough the 6 month bear channel. This post is marked long because a couple bullish patterns recently confirmed and I do believe that we will reach the targets. That being said I am not buying this level, at least not right now. This is a major area of resistance and I do not like entering when price retests resistance on the way up. Instead I prefer buying when price retests that level for support. I am looking to add even though I am still holding onto 100% of the long position that I established at $7,950. My stop loss is now in break even territory which means I can establish more exposure without risking more than the original 2% of my bankroll. If price does retest the $10,000 level in the next week then I will definitely be setting my sights on buying a pullback to $9,400. If you are asking why I don’t buy that price right now then read this again. The TD Sequential is in a healthy position and that leads me to believe that the most likely outcome by this time next week is reexploring the five figure threshold. PS: The halving is only 104 days away : )
BITSTAMP:BTCUSDLong
by Sawcruhteez
5
Is TNY trading in a Bull Flag?Since my previous two post about TNY trading in a bullish flag pattern & a ascending triangle; which both broke out to the upside, it appears as though Tinley is trading in another Bull Flag that may bring us over the 200 Day MA, and there's also a series of micro higher lows. Only time will tell, but notice on the rsi TNY appears to have a bearish divergence? Divergence can occur between the price of an asset and almost any technical or fundamental indicator or data. Though, divergence is typically used by technical traders when the price is moving in the opposite direction of a technical indicator. Positive divergence signals price could start moving higher soon. It occurs when the price is moving lower but a technical indicator is moving higher or showing bullish signals. Negative divergence points to lower prices in the future. It occurs when the price is moving higher but a technical indicator is moving lower or showing bearish signals. Divergence isn't to be relied on exclusively, as it doesn't provide timely trade signals. Divergence can last a long time without a price reversal occurring. Divergence is not present for all major price reversals, it is only present on some.
CSE:TNYLong
by ScotianBot
Akorn Inc. LongThe price of akorn inc. recently dived due to the news of possible bankrupcy, in addition to a Head and Shoulders pattern. Price has most likely reached its low and will likely impulse in a new continuation, confirming the Bull Flag. Price has also hit the bottom of a high time frame expanding structure and will likely go a lot higher. Many sites and analysts indicate that the stock is underpriced, good short/medium term hold, but is something of a risky trade. First target will be around 25%.
ALong
by spotlars
Is EXP trading in a Bear Flag?Or possibly a bull flag, but currently EXP is trading at all time lows & down -90% since late 2017 highs, so there's merit for a contrarian bottom fishing buy here. I recently bought one of their premium flower brands "Citizen Stash Mac-1" & its THC content is 25.6%, which is the highest I've seen on the legal rec Canadian market & I've been in dispensaries all across the country legal & illegal for the past 5 years. For comparison, Aphria's Broken Coast brand has been my favorite on the legal rec market in Canada & has won top awards at the Canadian Cannabis Awards, but the highest THC content I've seen is well under 20% with an average of roughly 16% for each of premium Indica strains like Gabriola, Quadra & Stryker. I've noticed the Stargazer Sonora has a 24.9% thc content on Aphria's website, but I don't like Sativa & I've yet to see it in dispensaries. Anyway, if EXP can get the Mac-1 & other newer strains under the Citizen Stash Brand in dispensaries across Canada they will easily become the #1 premium flower on the market, and potentially become a buyout target from much larger LP's looking to find premium flower brands that are selling to add to their portfolio. citizenstash.com
ELong
by ScotianBot
Is Namaste trading in a bull flag?Or possibly a descending triangle, only time will tell. This recent move was likely an insider privy to information about a company N is invested in, "Choklat" receiving a processing licence. BUY the rumor & SELL the news, next week is the best time to exit this trade before there's even further capitulation to the 18c & 13.5c range. In the grand scheme of things, this little rally is probably going to be another lower high, N is still down -87% since September where Andrew Left exposed this company for what it was, and still is, IMO, trash..
NShort
by ScotianBot
Canadian Dollar unwind fuelled by slower growth + oilCAD Update: Slowing growth with added bonus of cheaper oil - Commodity linked currencies taking a hit from US de escalation of US/Iran tensions. Rhetoric confirmation over the coming weeks will fuel our short bias across energy and CADxxx markets. - Poloz to confirm cautious outlook following slowing economic growth data (recent contraction in growth *-0.1% for the first time in 8 months) should see flow on effects in rates markets and a subsequent re pricing in CAD - Larger corrective structure and bull flag has completed with a bottoming out should see an impulsive leg up through to 2017 highs. We would like to see some bullish conviction through 200DMA. - +5.00% move on the table toward our sellside targets. - Sensitivity remains to the upside from here. We have added bullish exposure to our macro & directional portfolios.
Long
by Portier
1
BItcoin Always ForwardHello All, I have been sitting on this chart for a while and I have been meaning to share it, but after it has been hard for me begin to publish again, but that is trivial. Anyways, I hope you all enjoy this chart. Let us start with the daily chart. On the daily chart, we can clearly see in light blue that we are up against resistance created by the descending triangle during the mid-year. It is forming a reversal pattern known as a inverse head and shoulder, it is clear that the volume is descending and that this is a standard head and shoulder, the price objective of this is approximately 8250, however, it is possible that there is no strong thrust from this pattern given that bitcoin is accumulating. This is denoted by the other orange arrow which hugs the green accumulation line. We are looking to break the upper most resistance of the descending by January 20th if not sooner, (this is merely an approximation and it is possible it will break sooner or later). The descending triangle has been providing significant resistance for Bitcoin, however, we are on another trendline, the green one which has been strong support for approximately 6-7 years. This green trendline was the region in which we reversed approximately at 3200, whenever this trendline has been broken, it thrusts upwards with strong buying action. This is the accumulation line currently. The resistance of the descending triangle marked in light blue is hold the upper resistance, however, there is clear support denoted by the yellow trendline. Both of these make a bull flag, it also has descending volume. The price objective of this bull flag is approximately 18000. Note: Red boxes and horizontal lines are regions of horizontal resistance. Best of Luck and stay technical my friends! Previous Analysis:
COINBASE:BTCUSDLong
by CuddlyCuddles
Is Bitcoin trading in a Bear Flag / Descending Triangle?It's possible that this is a giant inverse H&S, but looking for bullish patterns in a bearish micro downtrend is a great way to get rektt! Bitcoin is trading well below the 200 Day MA & any time we've seen bull markets in BTC's history its traded above it, so the bearish sentiment is warranted. Also, if we look at the same chart on a 1 year time frame it looks like a giant descending triangle as well, but there could be more of a bullish narrative on a macro scale & end up playing out as a Giant bullish flag, especially with the continued threat of World War 3. I said last year that the U.S was going to invade Iran, and 2020 is possibly going to end up coming to fruition, only time will tell. I've linked my previous post where I made referencing to Iran & Bitcoin.
COINBASE:BTCUSD
by ScotianBot
1