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Bullflags

XRP Bull Pennant on DailyFlags and pennants are patterns that I find are overly relied upon in crypto, and they often fail. I like this forming pennant, however, when coupled with the market sentiment. In particular, XRP has been on fire and we are testing a major psychological level at $0.50. I wouldn't long resistance - But I am already in a along position since low 40s. If I wasn't, I would not enter this trade until the price breaks out of the pennant to the upside, for confirmation. A breakout could happen here, or touch the bottom of the flag once more before going back up. I will keep a close eye on XRP for a breakout, and will have alarms set. Also my recent idea about BTC volume flow flipping in bull's favour (link below), has me thinking the market is ready to move a bit higher, and I think BTC will hold support at $20k, and move up to the next level, which will give more support to this idea. If BTC falls through $20k before this pennant breaks out, I will consider abandoning the idea altogether. The stop loss target, set at the most recent swing low is at $44.9 and sits perfectly behind another psychological level. The target is set slightly below the pole height, at $63.8. The pole reaches a bit above $0.65, but I think it will correct hard at $0.65 or even at $0.64. Keep in mind that $63.8 is an ideal scenario where the breakout shoots almost straight up with no faltering. If we have signs of trouble along the way I will not hesitate to sell, even somewhere in the mid 50s. I've been enjoying some market success, but I am a fairly inexperienced trader so don't go copying my trades. None of this is advice, just my idea.
Long
by D-Rock_Anomaly
Bearish Bull FlagsBull flags are found in charts with strong uptrends and are considered continuation patterns. They form when price barely subsides as the oscillators revert downward, such that when the oscillators are ready to move up again, rapid increases in price recur. Below are some bull flags with bearish implications that suggest perhaps more economic pain is to come in the years ahead. 1. Eurodollar Futures (pictured in the chart above and below) Eurodollars are dollar-denominated accounts at foreign banks or overseas branches of American banks. Eurodollar futures lead the Fed Funds Rate. Overnight, the Eurodollar Futures broke out of a months-long consolidation pattern. This has occurred because we are in quadruple witching season. Unfortunately, the scope of this gap up is a bearish sign for risk assets and the economy more generally. If my calculation is correct, this chart suggests that the Federal Reserve must now raise rates to at least 5.5%. 2. Japanese Yen to Gold Ratio This chart shows a 20-year bull flag that formed between the Japanese Yen and gold. Decades of monetary easing have caused a profound weakening of the Japanese Yen. If this logarithmic bull flag plays out fully, it may cost millions of Yen for a single ounce of gold in the years to come. A major problem will occur if its populace begins to believe that it is no longer worth converting their labor into Yen. 3. Overnight Reverse Repurchase Agreements This chart shows what appears to be a bull pennant forming in the amount of securities that the Federal Reserve has sold via overnight reverse repurchase agreements (also known as the "repo facility", technically reverse repo in this context). To put simply, the Federal Reserve has been proliferating its use of the repo facility to try to contain inflation. This chart, which once provided little technical analysis value in the past, now seems to show a bull pennant forming. If a breakout occurs then this could suggest that inflation is continuing to spiral out of control, as they Fed is forced to vacuum more and more dollars out of the system. 4. S&P 500 vs. Nasdaq This chart shows that, after decades of the Nasdaq 100 stocks (QQQ) outperforming the broader market (S&P 500 ETF - SPY), a bull flag is now forming in the chart of their relative performance. If this bull flag pans out and SPY breaks out relative to QQQ, this would be quite bearish, especially since SPY itself is beginning to oscillate down on the higher timeframes. This could mean that as monetary tightening deflates the everything bubble , tech will remain at the forefront of the declines. 5. Commodity Prices This chart plots the Commodity Index Tracking Fund (DBC) relative to the U.S. money supply (M2SL). If commodity inflation was solely due to excessive money printing then commodity prices would generally move in a flat horizontal line relative to the money supply. However, commodity prices are moving up much higher than the money supply, which suggests that other commodity supply issues are more to blame than simply increased money supply. One can only speculate what these extraneous factors may be: War, pandemic shutdowns, deglobalization, climate change, aging and less productive population, etc. What we know for sure is that the Fed is trying to fight this inflation battle solely through monetary tightening. But can the Fed solve these larger-scale inflationary issues through monetary policy? If so, it's hard to envision its success without a major economic downturn. 6. Dollar Index Perhaps the most alarming bull flag with bearish implications is that of the dollar index. The dollar index (DXY) measures the strength of the U.S. dollar relative to certain other currencies. It appears to be forming a bull flag on its yearly chart. Bull flags that form at this high of a timeframe often signal a new supercycle or prolonged period in which the context has changed and will remain changed for years or decades to come. In this case, the context of lower and lower interest rates over the past several decades has ended. As the U.S. economy remains strong relative to much of the rest of the world, and as monetary tightening occurs in the US while less tightening or even loosening occurs in much of the rest of the world, the value of the dollar will continue to climb higher. The implications of this are profound since a highly indebted global economy may not be able to afford to service its dollar-denominated debt if the dollar rapidly strengthens. If this bull flag pans out, it may inevitably lead to a financial crisis. To learn more, you can watch this video about the Dollar Milkshake Theory : www.youtube.com If you've identified any bull flags with bearish implications please share your chart below! Feel free to leave your thoughts in the comments below, as well. If I've made an error in my analysis leave a note below.
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by SpyMasterTrades
9
ETH/USDT : S/R zones are important! BINANCE:ETHUSDTPERP BINANCE:ETHUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! $ETH has formed, Also it has broken above the resistance zone ($1680 - $1700) Which has become an S/R zone now. The momentum is locally bullish, But $ETH has lost it'ss strength and besides that, $BTC's Dominance is increasing! However, the Bullish flag is a bullish pattern as it's clear just like what it's called. So, If we get the break above the flag, Then We might see another to the $1818's S/R line. But, there can be also a bear trap below the flag to the lower S/R zone to gather more liquidity to hunt! If $ETH loses the support at $1680, Then the deviation below $1640 is likely to happen and in any case of pullback, We'll take Long towards $1760 and $1818 again. The deviation scenario will be valid till $ETH breaks below the lower S/R zone ($1555 - $1570), In that case; I'll start to trade in range bounds again. Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
by Helical_Trades
1
UNIUSDT is creating a bullflagThe price is creating a bullflag on 4h timeframe below the 9.5$ area. the market had a nice breakout from the daily support and after a perfect bounce on 0.5 Fibonacci level the price is trying to create a new breakout How to approach it? IF the price is going to have a breakout from the 4h resistance, According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Long
by InkyGrip
SIGA to Break Upper Trendline?SIGA has an ascending channel pattern on the daily chart. A closer look at SIGA shows a bull flag formation on the hourly chart. I strongly believe that a break of the flag (on the hourly) will push SIGA above the upper trendline of the ascending channel (on the daily). The measured potential maximum move of the bull flag is approximately 4.18 points and the measured potential maximum move of the ascending channel is approximately 15.90 points. Therefore, the combined potential maximum move approximation is 20.08 points. Therefore, my entry will occur after price breaks and holds level 24. *This is not financial advice. Loved and Blessed, MrALTrades00
NASDAQ:SIGALong
by MrALtrades00
Giant Bull Flag on Monero's weekly timeframeWe can see a giant bull flag on Monero's weekly timeframe with of course an overshoot of the pole, according to the pole size without the overshoot the price targets could reach or exceed previous ATH of around 500$ depending on the breakout zone also coinciding with the completion of the giant cup and handle patern, if we were to take the overshoot into account, price targets could be around 720$. We also need to take into account that if BTC and the markets decided to head south as many expect/expected Monero can easily fall to the 70$ range all while staying in the bullish flag. Currently we are flirting with the median line of the descending channel acting as resistance.
XLong
by TrendlineNoob
Musk + Bezos + Burry + Retail vs BuffetWho are the American stock market heroes? 1. Musk (the hero of the American people, a role model, and someone who speaks the language of the young) warning of a recession in mid 22 twitter.com 2. Bezos ( the one who build the giant of AMAZON to whom they even made a song for him www.youtube.com) warning of a meltdown 3. The TV Star Dr. Burry!!! ( everybody loved the movie and want to short like him) warning that the crash is about to come twitter.com And then you have these 2 points 1. The unpopular to youngsters Buffet investing more money fortune.com 2. Robinhood to allow all retail short stocks techcrunch.com In my previous post, I showed how the 4-market phases look similar to today's market image BUT when everybody sees it you know what happens...
SP:SPX
by Philoslother
3
Bull Flag Pattern - Everything You Need To Know! 🏳️Hello Traders! This is the first post in my educational series, today we will be talking about Bull Flag's. - I've basically detailed everything that you need to know in the chart so theres not much more to say. - The only crucial things you need to know are... ** A Bull Flag is a bullish consolidation pattern. (Means price is preparing for the next move up) ** Anything beyond a 45* degree angle is no longer bullish and is bearish. ** There is a "Technical Target" associated with a bull flag that tends to be pretty accurate, you can use this to know when to sale. Thats basically it, like i said everything you need to know is detailed in the chart! If you found this helpful please like and follow for more educational topics! Thanks Everyone, best of luck trading!
BITSTAMP:BTCUSD
by natef1
BNB - possibility of a bull flaghello everyone In the past month we had the BNBUSDT covering a lot of the chart, we had a bull market (Mar 15-Mar 30), then a reversal pattern with the indication of divergence on RSI(Mar 30- Apr 04),then we had a hanging man candle to tell us the obvious downtrend happening on April 05.But anyway, Now we have a possibility of a bull flag on daily chart. As we all know a trend line with 2 leg's down is a weak one,So ,I expect to see another small down trend on lower time frames until the price hit the trend line. Our possible ideal down trend will break the 420$ support level, touches the 410$ make a shadow there and goes back up. key support level the weekly trend line( black one) & 390$(on daily) key resistance level 440$ (on daily)
by HubAlgo
Bullish Flag for TNY?Or, will we see a sharp decline due to a hole in the wall front running leaked financials that are dismaying? And maybe even a good ol Tinley fashioned PP below the trading price to compliment the short-selling pressure of TNYBF and bearish sentiment. I have placed green arrows on the chart to signify fake-outs of the Macro Descending channel and Micro Bull flag or Descending triangle, to be determined in due time. It's possible Tinley is currently in the process of another fake-out in real-time, the CM_ Williams Vix is flashing green, this normally happens before bullish price action. But the sp is currently declining. If Tinley breaks above the 200 DMA and consolidates above the micro-pattern it's a very bullish signal, trade accordingly. Possibly a W Double bottom has occurred, only time will tell if TNY creates another higher low. glta
CSE:TNYLong
by ScotianBot