Bullish Continuation + LTF Flag entryTook a breakeven trade on my first entry (Circled), Since the bias is still intact and PA gave us another corrective phase I'm looking for another entry. Looking for something similar to the first entry. so If we get a LTF flag after the breakout. I'm happy to take to it.
Bullishcontinuation
(Bullish) ASCENDING TRIANGLE on Bitcoin 15 Minute chart.COINBASE:BTCUSD
The ascending triangle is a bullish continuation pattern and is characterized by a rising lower trendline and a flat upper trendline that acts as support. This pattern indicates that buyers are more aggressive than sellers as price continues to make higher lows. The pattern completes itself when price breaks out of the triangle in the direction of the overall trend.
JAZZ/USD Long$JAZZ looks to be in bullish continuation here:
On the 1D chart it looks like it wants to visit
$143/144
(potentially after a retest of the diagonal it
broke out from around $125)
Reasons:
-It had a strong breakout from a bullish pennant,
the target for this breakout would be the height
of the bull pennant's flagpole added to the point
where price broke out of the pennant
-Price may like to visit near the top diagonal of
the multi-year trend channel, adding conviction
to the target of the bull pennant
Bullish bias continued via Ichimoku:
-Kumo cloud is green
-Tenkan is above the Kijun while both
are above the kumo cloud
-Lagging span is well above the kumo cloud
Other Indicators:
-MACD seems to have just flipped bullish
-RSI not yet in overbought territory
-(not included in chart) price is not yet above
the top MA of the Bollinger Bands so still some
room for price to expand to target
Gap to be filled (in time) at $112.45
USDJPY Retracement PossibilitiesWe have some room upward and technically this pair is trying to rebound from higher period SMA 200 RED (dynamic support). Fundamental wise we knew till this day that king didn't wanted to back off! I had earlier created a bullish bias idea on this major pair but I messed up with fast entry as overall I knew from the beginning this was mean to happen ( I mean the continuations upward). Dollar was hiding it's potential from the beginning and until it made mood to fall apart most of counter parts will suffer the pain I reckon.
#Bitcoin to attack 7000$ again #Bitcoin is going to attack 7000$ again.
Right now we are facing horizontal resistance, but if #BTC can push trough it another leg up will follow.
Last time we went above 7000$ it was only for a brief moment a the end of an explosive leg up. Now the more has more depth to it, even though he volume is rapidly falling. Buyers not convinced, yet.
Once the stock market opens we will be having more clarity. As of now still moderately bullish on #BTC.
EURGBP Possible ContinuationMay have potential movement upward still even if we technically see it high fundamental euro may bang above a bit higher the way how EURUSD proved it every high no sell! I had some sentiment analysis though and I feel it has more potential upward prolly around r2 or even r3 let's see depending on the impact of BOE rate decision yet to come but pricing will occur before the event.
ONTX pullback to hourly VWAP | Still bullishPrice dumped to hourly VWAP but good news for bulls is there was a lot of buying pressure. Two gaps were filled in the process. If you're swingin ONTX, it's best to NOT have a stop because the big boys stop hunt and your sell becomes their buys. Day traders, it's a must. Though that was tough to watch, it was healthy pull back for further continuation. We'll probably see consolidation now into the weekend hopefully ranging b/t .55 and .70 gearing up for a big move up.
Also, that .74 weekly resistance really did it's job.
Good-fortune yall
Bitcoin - Long - Bullish Flag Formation We still see Bitcoin in a bullish flag formation and that the slope against the short term trend is a hesitation before a sharp move up in the cryptocurrency back above $10000. However, we would not want to see the cryptocurrency fall below the key support level at $8572 as Bitcoin can be seen as a safe haven and there has been progress on a trade deal between the US and China, with both sides agreeing to cancel some tariffs .
XRPUSD 1H STE BAR COLOR BULLISH CONTINUATION TRADEPrice had a previous bullish trend
Price took a break with a bearish pullback
STE Pulse bars showed a dark green color during this pullback
STE Pulse bars came to the zwero line which is a decision point for price
Price could continue it bearish move
Then the STE bars would cross below the zero line and become a bright red color
OR
Price could bounce off the zero line up
Bullish continuation would make the STE bars a bright green color
Buy Take Profit would be a re-test of previous high
Find your own SL
ETHUSD 1D BIG 3 BULLISH CONTINUATIONAt the beginning of this Bullish trend
Big 3 Indicator showed entry point and TP/SL levels
Now price has been making higher highs and higher lows
The green colored big 3 indicator signal shows bullish continuation.
Sup/Res levels are being used for take profits.
Long Re-entry trade
Buy Stop @ 183.00
1st Buy Take Profit @ 196.56
2nd Buy Take profit @ 220.84
Find your own SL to trail profits
ETHUSD - Bullish Double Curve, Similar Continuation?ETHUSD Bullish is looking similar to the last leg up. Will we see continuation as we have previously? ETHLONGS on BITFINEX are soaring, ETHSHORTS are dwindling. We also have declining volume again with sustainable Highs and Higher Lows. The flag looks legitimate coupled with the volume.
This seems Bullish to me, but again I am eyeballing a Bullish Butterfly that would see some correction coming to price should it validate. Price action, as seen on BITFINEX will be bumping into a distant trend line, though these previous months have shown this is the time for trend changes.
Previous Post on Bullish Butterfly :
Previous Post on Distant Trend Lines from November until now .
Bullish Marubozu CandlestickThis is called a Bullish "Marubozu" Candlestick. This candle is considered a weak indicator. Depending on what comes after this candle , this could be a bullish continuation or bearish reversal. This candle usually have no wicks on either end. The color of this candle is either Green or White. Check your charts and search for them everywhere and see what comes after this type of candle.
ARK/BTC - Ascending triangleARK/BTC is looking rather interesting in the 4h chart.
Price has been building up an ascending triangle pattern since the first days of December.
Ascending triangle are notoriously bullish continuation patterns, and ARK price has bottomed at around 18400 satoshi on Dec. 7, where it has bounced back, exceeding the high on June 7.
Although I am sure that ARK might as well revisit the previus all time high and exceed it, I am more interested right now in a short term, safer trade.
The MACD is looking like it is turning bullish again, but the Stochastic RSI looks like it will go down, suggesting that ARK price will touch the lower side of the triangle again before breaking the upper side of the triangle.
There are 2 ways to enter this trade:
1) Wait for a pullback at the 78.6% Fib. retracement (around 48000 satoshi), where both the 50-periods SMA and the lower side of the triangle should act as support and propel ARK upwards.
2) Set a stop-order above the 57000 satoshi level, which will confirm the bullish continuation pattern.
Which one of these you choose is depending on your trading style (do you like to buy dips or breakouts?).
The 1st choice is riskier but yields the greatest profits, while the 2nd is definitely safer.
My target is just a little below the 1.618% Fib. extension at 80000 satoshi. This is because this is a round number and therefore it will surely have a sell wall in order book, so it will likely be hard to cross and have strong resistance.
This is not financial advice, this is just my opinion. Any comment is appreciated.
BITCOIN - Have you MISSED IT?Have You Missed It?
At the beginning of 2017 if you asked your neighbor what Bitcoin was, chances are they would have given you a blank stare.
Today things are much different.
Bitcoin passed the mind-boggling price of $10,000 per coin...
And people are asking themselves if they have missed it.
The answer is a resounding no.
In fact investors believe Bitcoin could jump another 1,000% in 2018 turning every $10,000 coin into $100,000.
Watch for your pullbacks - one of these bottoms will hold as support and then buy with solid bullish reversal patterns - 10000 - 9000 - 8000 - 7000 levels
NGAS Bullish Continuation There’s More Upside For Natural Gas
Using Fibonacci Confluence Trading Price Action ... as hits the zone of those past level and shoots back up tending to be respect in a trend up
setup on trend continuation or simple bullish momentum.!!!!!!!
P.S. Today, EIA Reports Natural Gas Inventories
Good Luck!
Ascending broadening wedge - two possible scenariosThis is an interesting move folks; identifying an ascending broadening wedge pattern has the same chance more or less to continue downward or to breakout and go upward. In my opinion, based on the bigger trend's descending triangle wedge, and the minor descending triangle wedge following it (the fib retracements placed on the graph), my bet would go towards the bearish breakout.
What do you guys think?
Below are some interesting facts to use in your strategies:
Bearish breakout
If the wedge’s lower support line breaks, the probability that the price will reverse and continue back up is higher than it falling lower. The odds are close at about 51:49.
Selling at a downward break of the mid line of the pattern greatly improves the odds of success. If the price breaks the mid line of an ascending broadening wedge, there’s a 53% chance that a further downward move will happen.
Bullish continuation
From historical currency data, there is about a 55% probability of a further bullish advancement after a break of the upper resistance line. The bullish move lasts at least for the same duration as the pattern itself.
Based on historical forex data, the ascending broadening wedge typically ends in a bearish or downwards correction in price. But only just.In 47.8% of the patterns, the upside move was greater.
Reference/Read more at:
forexop.com