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Bullflags

Bitcoin Long Term TrendGood evening ladies and gents. I have spotted Weekly Hidden Bullish Divergence on the MacD as well as RSI Bullish Convergence. These are both starting to round out. I am aware that many people are looking for a measured move down to around the 6800-7400 area, but that may not happen. Still could of course, but looking at the larger time frames, it's looking less likely ;) . I'd also like to mention the alt coins and where they are at. A lot of these alt coins are at the bottom of their overall bull trend showing Hidden bullish divergence, regular Bullish Divergence and Bullish Convergence. Too many coincidences for this to be just another random idea. These are actual technicals that I am displaying. This chart is on the log scale by the way! We have been in a down sloping channel for the last few months now after a large rally from our 3k bottom. We have only retraced 38.2% of the way. We are in common retrace areas after an impulse. So Price reversal from where we are at is most certainly possible! This is the .382 on the log scale! On the Linear scale, you have retraced over 50% of the way and nearly hit the .618 which is at $7200. In my chart, I have depicted two measured moves. This is a potential bull pole, bull flag pattern. In that case, the measured move takes is perfectly on the Log Scale at the 1.414 Fib extension around $42k. That is right, I fucking said 42k. Just an idea for now of course. This isn't certainty. The Gaussian Channel Tool is also teal on the Weekly time frame. Currently testing the top of it ;) I wish everyone a wonderful rest of your day and night! Twitter: twitter.com If you want to be a loving supporter of me and my "ChArtworks" $BTC: 35tmT7MAQXZm7rr1KzZMWNRpN2iyrnSB4z $LTC: LVfCT9fu4dYyFAo5cW5xLrzHZHWFoG85hn $ETH: 0x390d207b9bde62f2806caddfb94809de61da50d9 $x42: XZXm43FJcZHEVNs9dh8mdfzWyY6VfmJvPc Donations are never required but they are seriously very appreciative! Your Supportive comments and follows are just good enough too :D <3 Join the best Crypto and Technical Analysis Community in the world! Discord: discord.gg (Mitch Ray's Channel) Amazing community and I highly recommend checking out Mitch Ray if you haven't yet!
COINBASE:BTCUSDLong
by ChArtWorks_TechnicalArts
BTC UPDATE: 10.10.19: 2ND BULL FLAG!Hello all! Please reference my last post on BTC if you have not already done so! The flag formation seems to be holding up thus far. We will most likely see this consolidation play out until the end of the daily close before seeing a spike to the upside. Remember we are not trying to predict the future! Only anticipate it! The 1H chart is possibly showing us a hidden bullish divergence in the form of increased negative momentum on the MACD with a higher low in the price. Much caution should be had upon approaching the $9,000 range as a higher high in price will most likely show as a lower high in the RSI and MACD at this point. A heavy rejection is likely to take place during such an event. Support at the $8,000 range will be tested if this flag fails to perform as expected. Let me know what you think! This is only my opinion and not to be taken as financial advice. 1D chart
COINBASE:BTCUSD
by YEHOK
2
XAUUSD - What's next for GOLD ?- The Head & Shoulder pattern was invalidated due to selloff on US markets and pushed GOLD prices higher - In my previous analysis, I did mentioned that GOLD is still bullish on long term although it had invalidated the H&S pattern - Lets see whether GOLD can break the 1520 area or follow the trend channel and retrace to around 1440 Scenario A: Bullish Flag pattern if manage to breakout from the trend channel Scenario B: Follow the trend channel if it retrace when it reach 1520 zone Have some patience and wait for it to tell you the direction
OANDA:XAUUSD
by JayJJ
Bull Flag - Head & Shoulder Formation Hello Traders, We are currently watching this pair for a potential bull flag , and a break higher towards the shoulder line. Major resistance found at 1.6420. We will look to enter a sell position from the shoulder line with a long term target of 1.5900. The RBA will cut interest rates tomorrow therefore expect volatility on all AUD pairs. Short term we are expecting further upside, however long term we may see the pair break lower than the neck line of the head and shoulders pattern. Please let us know your thoughts on the set up, www.forexstoreau.com
by ForexStoreau
LONG - CAT - Trading OpportunityA real beauty of a flag forming on NYSE:CAT , to enter this kind of trade we will need confirmation, wait for an upward breakout. The first target would be 142.97 and trail the stop-loss for the rest of them. CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance 1.71% whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgement sums (including interest thereon).)
NYSE:CATLong
by ElMomento
Ethereum appears to be trading in a bull flag.Or a descending triangle. One thing to keep in mind everyone, the CME Group, one of the world’s largest financial exchanges, is prepping to launch a product for Ethereum, if I'm not mistaken they already launched. For those unaware, the CME is a Chicago-based institution that famously launched Bitcoin futures near the peak of 2017’s boom. Recently they've announced they'll be launching Bitcoin Options in Q1 2020 as well, in a response to Bakkt "IMO." They'll try any way possible to manipulate.. I find it hard to believe that only 3 JPM employees are are responsible for manipulating the Gold & Silver futures markets etc, via "CME" in most cases keep in my mind. If you honestly think that they are not doing their best to manipulate Ethereum etc, than you are just silly. Is what it is, glta.
KRAKEN:ETHUSDLong
by ScotianBot
3
I am finally going to say it. This could be it.. The last time XBT goes below 10 k. If BTC can break below the flag naturally I will continue having a bearish outlook in the short term. I am bullish until 7k. This current forming pattern, a Bullish Flag, is starting to make me thing a rally to a new ATH could be sooner rather than later. If XBT breaks above the forming bull flag XBT could potentially see more volatility however this time in favor of the bulls. When bull flags break they tend to target a high equal to the "pole". How this is measured is open to interpretation depending on where you read so this is where I suggest DYOD. Not trading advice. Good luck.
BITSTAMP:BTCUSDLong
by atomica
1
Large WEEKLY bull flag forming on LINK|USD (0.618 RETRACE MET)I'm back with my first chart since May 17th where i stated that we may see a huge move in bitcoin in June to Early August if you are interested in that idea it will be linked in the related idea section below. Now on to the CHAINLINK analysis. On the weekly we are forming a bullflag on LINK that is very much visible on the Heikin Ashi candles and is fairly visible on the traditional candlesticks. We are also still very much inside our up-sloping (Parallel-Channel) along with that link as hit the 0.618 retace and bounced and is now trying to break above the downsloping resistance i can see us maybe trying to double bottom before actually breaking to the upside. The 0.618 fib lvl here has alot of support, one of which being that it's a lvl that has some weekly opens and closes; the other being that the 75% line of our up-sloping parallel channel is confluent with the 0.618. Why use Heikin Ashi? Well in this case it just makes the chart look much cleaner and overall gives more visibility to any patterns we may think we see on the traditional candlesticks. One the daily we have triple MACD Hidden Bullish Divergence which is a sign of continuation in bullish price action. If you are interested in viewing the daily candlestick chart here's a screencap. This shows the hidden divergence and what the daily price action looks like on the traditional candlesticks: How will i be trading this? naturally i will continue to buy near the 618 and will begin to partially sell as we hit weekly candle close highs around the $2.8-$3.15 area but i personally plan to hold most of my link until we reach the top of our parallel channel on the daily screenshot around the $5.50 mark overall im very bullish on LINK and my stops will be much steeper and my targets much higher than the targets i listed on the chart but for anyone reading this and only looking for a short term trade they should adjust accordingly.
BINANCE:LINKUSDLong
by RizeSenpai