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Bullflags

Is Bitcoin going to break this Bull Flag / Descending Triangle??It appears as though Bitcoin Is getting ready to go parabolic over the weekend & touch the top of this Descending Triangle, or potentially try to break this Bull Flag & put in a higher low. Only problem I have, the volume etc are declining, so I'm not overly bullish. It's hard to look for bullish patterns in a short term bear trend that potentially started roughly late June this year, egh. Time will tell per usual.
BITFINEX:BTCUSDLong
by ScotianBot
2
Red Dildo Alert! Bullflag Alert ! :DHeya All my fearful and panic engulfed people, Things are not looking too good now, yet they will get worse before they get better. How worse you ask? 8.5K I'd answer.... how better you ask, and I''ll answer to 16K and beyond... Have charted this bull flag several weeks ago and looks like it is finally taking the shape that I am comfortable sharing. This flag is as textbook as the bull flag gets, has all the right components and is accompanied with decreasing volume profile. I suspect that correction will continue further to 8.5 levels, thus accomplishing 4 things: 1. Completing the flag formation 2. Kissing 21 Weekly EMA 3. Filling the CME's gap ( if this is something that you fancy) 4. Fueling the wet dreams of "Fib circles of death and capitulation" guys by bringing price action to major FIB retracement level. To summarize: 1. We will continue to bleed for another week 2. There might be intermittent bounces here and there, but nothing major. 3. Keep your leverages under control and stop-losses tight. One more thing: Today Forbes has published this article. Which is extremely well researched yet it lacks the depth and overall understanding of the crypto market. It pledges current correction to events that are unrelated to BTC fundamentals as well as price and arguments that BTC price action is soaring because of things not going as expected. However, I would agree with with the sentiment of this piece on one thing, BTC is currently de-coupling itself from #shitcoins and this process comes with an accompaniment of blood sweat and tears. I would even argue that After massive decoupling event that will most likely take place in August and September we will see more red days (both on BTC and Alt Side) and some of the Alts will acquire their true value and market capitalization of Zero. www.forbes.com This is not some #moonboy talk. I keep my opinion to myself and let charts and my #Cat speak to me and you instead. My cat is a real market wiz and this was the message that I have received from her. :D :D :D www.instagram.com Stay safe people and have a productive as well as a lucrative week! Cheers Archie
BITFINEX:BTCUSDShort
by akublashvili
Daily Market Analysis - BTCThe market cap has continued it's pullback and is down to $287B. Dominance has also dropped further and is down to 68.16%. The price of Bitcoin is at 10,900. Price action broke to the downside of the bullflag forming new trendlines and bouncing from a re-test of support at 10.700. Lower timeframes between the 1 and 4 hour have oversold indicators, but there is a bearish divergence between price action and volume (orange lines for those in discord) Our daily timeframe is still overbought according to the Stochastic RSI. Whereas, the RVI is telling us the volatility and momentum are lowering on the way down. Overall, the trend is still bullish, but the short-term price action could be bullish unless the volume begins to pick up. Bearish: Price action falls below 10,700 and re-tests the next level of support at 10,500~ Bullish: The sub 11,000 entry could entice buying pressure at these level to rebound and test topside resistance at 11,000 - 11,300 Bullish 60% / Bearish 40%
COINBASE:BTCUSD
by SpektreSignal
BTCUSD formed a bull flag, bottom line still to be testedThe weakness of bitcoin against USD is not critical yet. Despite recent drop the 50% fibo of the recent rally is still to be tested and thats the the lower channel line too. The cross formed a bull flag which gives as even better probability to profit from long positions. However one should be patient to get the most out of the pattern. Given the high volatility of the cross, the accumulation can start in a relatively wide range starting at 9000 down to 8500. If the market breaks below 8400 it can test the 7000-7300 zone. However if the will have enough bull power the market can get as high as the 14000 lvl again with the main resistance at 11300-12000 zone
BITSTAMP:BTCUSDLong
by CryptoMarketFlow
1
Bitcoin the revolution! How many satoshi do you have? Hold ITHow fast does travel travel today? The speed of light? How fast do the Internet memes get around? minutes, hours, days, weeks? Not long at all. How long does it take to viral YouTube video to spread around the world? No time at all. How long does it take for a black swan to sweep through an already shaky financial system? Does 2008 come to mind? Now that the US Congress has exposed Libra as a "Shitcoin" and Bitcoin as the "Real Deal" how long before more People, Corporations, Towns, Cities, States and Governments Not long in my opinion and I believe it will only accelerate once it starts. Perhaps it started today. If you evenly divide all of the 21 Million Bitcoins that can be mined among the current world population we are only talking about 0.00300000 Bitcoin each. About 300 thousand Satoshi max. And that is ONLY if they are evenly distributed to every human on earth. We know they will not because all of the alive 20 years from now do not even exist today. Think about that for a minute. There will be people in the future who can only own Satoshi by working for them. They can not just buy them up today like you can. So again I say that $ 1K in 30 minutes is nothing. When the real feeding frenzy starts we may be talking $ 5K, $ 10K, $ 20K, or more overnight. You do not think so? The people in Venezuela probably did not think so either. Or those in Zimbabwe when their money failed. It is the fate of every fiat currency ever printed. Devalue, hyper-inflate, disappear. Rinse and repeat. So what happens to real money when the fake money fails? It goes to the moon. The real bag holders, in my opinion, are not the ones left holding Satoshi when the music stops but rather holding those of their wealth in one of many other fiat currencies around the world. Our money should NOT be based on our ability to work our asses off for 40+ years so we can pay taxes on all the debts our governments rack up in our name and then die broke. It should not be that way. And I will tell you this as you are reading this post, it is not going to happen to me if I have anything at all to say about it! I refuse to be a slave of the State. The sooner I can break the better! And it starts with having an independent supply of real money that is not based on their wasteful spending and other political bullshit !!! I do not mind paying my share for public services, but limitless printing and spending of the fiat on my behalf has got to stop. If there were in the fiat currencies in this world there would be no wars because governments would actually have to ask the people if they want to fight each other and pay for it along the way. Their answer would be a NO resounding! I keep asking myself A BULL Flag? What is the primary trend? Follow the trend. Is she your friend. The famous HUNTING TOP - HUNTING BACKGROUND - He had not survived. Patience is the KEY of SUCCESS. In trading, in life, in EVERYTHING God is with you every day. Enjoy the highest value of all> THE LIFE! Live the life FREEDOM LIVE NAKAMOTO NEXT TARGET 15k God ABOVE EVERYTHING and EVERYONE! **And that, ladies and gentlemen, is my dose of hopium and fomo for the day! You get my point. Stack those Sats while the sun is still shinning on you.
BITSTAMP:BTCUSDLong
by ferGOD
2
1hr BTC bull flag! bullish short termAs you can see on the chart BTC is currently in a bull flag formation on the one hour timeframe. LTC and ETH have had more significant price action increases and have broken levels of resistance in their patterns that BTC has currently not. IT can be argued that LTC has been a leading indicator for BTC and if this is the case, we can have more reason to anticipate this bull flag confirming. I am not bullish mid-long term, this is just what I see for the next half day.
BITMEX:BTCUSD.PLong
by CryptOReilly
$BTC in a Weekly Bull Flag since April 2019? Target $18k in Oct!Hi everyone, Here's another update on Bitcoin on the Weekly Chart! After completing the flag pole in June, Bitcoin may be in the process of completing the bull flag structure as it continues downtrending to $8.5k. A simple extrapolation target of this bull flag sets Bitcoin at $18,200 in mid-to-late October 2019. This is inline with our ultimate EOY target of $40k per Bitcoin. We all know how Q4 tends to be the most parabolic and bullish season of the year, particularly November and December. Let's see how this plays out! Cheers, Leb Crypto
BITTREX:BTCUSDLong
by Leb_Crypto
AUDNZD 1D BULL FLAG BULLISH CHART PATTERN LONG BIASPrice has created a Bull Flag chart pattern which has a Bullish bias (LONG TRADE). Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart ). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending volume bars and descending atr line (which indicates volatility ) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
Long
by Tradingstrategyguides
BTC... PERFECT BULL FLAG FORMATION looks like everyone stopped calling 15k and 16k and new ATH targets ! WHY 15-16k target now ? 1- This idea is pretty contrarian now while many waiting for that 8400 target ! 2- bull flag formation after a strong rally is an indicator for continuation. 3- altcoins carnage with many hitting daily 200 MA and below. 4- Because WHY NOT ! Unless market is looking for double bottom for alt coin market I expect this is just a final shakeout out followed with sideway move for alts while btc continues to new yearly highs. (check 2015-2016 for similar pattern) (PLEASE NOTE THIS IS NOT A TRADING ADVICE ITS JUST AN IDEA SO PLEASE TRADE AT YOUR OWN RISK!)
COINBASE:BTCUSDLong
by elshanti
7