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Bullish Flag

Bitcoin Bull Flag Setup In The 4-hour ChartLooking at Trading a possible Bull flag pattern on Bitcoin (BTC/USD) today. In the Daily time frame, we are still in that large ascending channel and we have had a nice bounce off of the bottom of the channel suggesting a move higher. In the 4-hour chart, there is a bull flag forming. We have an impulsive move up with four bullish candles taking out previous resistance. Accompanying this impulsive move upwards is large bullish volume. These are the two things we want to see when looking for a flag pole. We then see the price cooling off and taking a breather while it slowly moves downwards which creates the look of the actual flag itself. We have three taps at the top of the flag and four at the bottom. We can see that the price is bouncing off of these two points of support and resistance. Accompanying this cool-off, consolidating period is low volume, which suggests that the price is just taking a breather and the bulls are getting ready for another leg up. What I would want to see to confirm an entry for this bull flag is the following. I have highlighted a yellow zone at the top of the flag pole. I want to see price impulsively break this yellow zone and close above it. I also want to see large bullish volume to accompany this impulsive move up. Then, If we see that, I want to see the price retrace back into the flag pole zone before opening up a long position targeting the middle of the daily channel. The price point around this target would be the 25500 level. This risk to reward (depending on where you place your stop loss) could be a nice 1 / 3 or 1 / 4. The price always respects the middle of a channel. This is why my target is the middle of the daily channel. But for me to enter a long position in (BTC/USD), I need all those entry requirements to be met. So let us see if we get that impulsive break, large volume, and a retrace. If we do, the vortex trader is going long on Bitcoin. As most of you know, I am a crypto investor. This means I'm a crypto bull. But with regards to trading, I only trade the setups that the charts provide. One cannot jump into a position blindly without having a set of rules and reasons for entering and exiting. If you do this, it’s the same as gambling. But if you follow your rules and only enter positions systematically, then you are following a system that has been proven to be profitable and consistent and in the long run, according to your backtesting, this will yield you positive results. On that note, I bid you all a great day. Let's go Bitcoin! The Vortex Trader.
BITSTAMP:BTCUSDLong
by TheVortexTrader
TOTAL Crypto market cap - New rising wedge on the weekly chart! 2023 is going to be a very bullish year for crypto in my opinion! I believe we can reach a market cap of 6-7 trillion dollars by December 2023. Most likely, you have never seen this rising wedge elsewhere, because it's a brand new pattern on the weekly scale (LOG). 200 moving average is considered a strong support by huge institutions and hedge funds, and the bulls successfully defended this area. As per my Elliott Wave analysis, the ABC correction has been completed on the macro scale, and now we are ready for another bull market. We have a tremendous confluence to buy cryptocurrencies at this moment, as you can see on the chart. I expect massive gains for selected altcoins. You can find them in the related section down below. For more ideas, please hit "Like" and "Follow"!
CRYPTOCAP:TOTALLong
by UnknownUnicorn2537518
42
70% UP IN 2 MONTHS: AMAZING STRATEGYHELLO FRIENDS! Analyzed this stock 2 months back in my videos in my channel. Worked perfectly as per the analysis. Target is 300% which I assume may hit in 2 months. Logic behind this trade is Stock was facing resistance of the trendline for a long time. In the third attempt in June it broke the trendline. Another logic is the stock had given breakout above the 50ma band and sustained above that for so long, which indicates bullishness of the stock and the entry of BIG BOYS. One can notice the increasing volume bars too, which is proving the bullishness. Entry was confirmed by the trendline breakout. Captured 77% till today and we'll wit for the target with railing stoploss. All levels are provided in the chart which explains everything. I hope you all understand the logic behind the trade and will learn it.
BSE:GGPLLong
by Cruoso4u
Bitcoin BTC - 250 000 USD next target! Bull market continues. I think there is absolutely no time for a multi-year bear market at this moment. We had exactly the same correction (73%) as in 2020, and after that a massive bull run started. As per my Elliott Wave analysis, we are still in the bull market of an impulse wave and we need to finish it. An ABC correction (ZigZag 5-3-5, wave 4) has been completed successfully, and we can simply continue with a final wave 5. We can reach 250 000 USD next year, probably around December. 2017 swing high support successfully acted as a resistance in 2022 and the bulls successfully defended a possible bear market. The price is now above the 200 moving average. This MA is considered a very strong support zone by huge institutions and hedge funds. As you can see on the chart, the price is printing a second bullish flag / falling wedge and also a parallel channel on the log scale. I expect tremendous pumps for selected altcoins. You can find them in the related section down below. If you agree with my analysis or you are happy, please hit the "like" button and "follow"!
Long
by UnknownUnicorn2537518
61
BTC Pressured Below $24,000; Is $26,000 conceivable?The present Bitcoin value examination is showing financial backers' combination mode. As the cost expands the earlier day's sideways development in a scope of $23,400 and $24,000. The greatest digital money by market cap has been exchanging with an unbiased to a somewhat bullish predisposition. BTC cost exchanges higher with unassuming additions on Saturday. The development of two-sequential candles recommends hesitation among brokers. A solid obstruction playing around $24,200 and $24,400 zone. As of composing, BTC/USD is perusing at $23,899.05, up 0.47% for the afternoon. The cost has been uniting beneath the $24,000 mark however the drawback is very much covered close $23,700. Assuming that the value figures out how to hold over the meeting's high of $23,978 more potential gain should be visible in the coin. On the day to day diagram, the BTC cost examination shows that the cost has been exchanging a rising wedge development. A rising wedge is a negative continuation specialized design. Nonetheless, the cost is agreeable and sits over the basic 20-day and 50-day EMA's showing a bullish fundamental opinion. An everyday close over the referenced level would make ready for the mental $26,000 level, This likewise concurs with the upper trendline of the wedge development. The MACD oscillator shows that the bullish energy is supporting over the midline. The RSI (14) is right now exchanging close to the 59 level, which shows that the market is in bullish mode and is a long way from overheating. Any increase in the markers would reinforce a bullish breakout out of the ongoing union. The 24-hour exchanging volume of BTC dropped over 18% to $32,530,459,847. Then again, a break underneath the meeting's low would tempt bears to go into exchange. All things considered, the cost could meet the 50-day EMA at $23,191 followed by the low of July 24 at $22,263.
BITFINEX:BTCUSDLong
by DEinvestment
Prime time for soybean meal?Similar to our previous idea , we think grains are primed for a move. With soybean meal futures jumping over 10% from last week, some technical set-ups have come into play. Firstly, the September soybean meal contract shows a 7-month head-and-shoulder pattern which failed. A broken right shoulder suggests bullish strength. Secondly, the December soybean meal contract is showing a bull flag that is breaking out, which is also a bullish signal. Combined, we believe soybean meal futures are primed for an upward move with both technical set-ups proving bullish. Entry at 435, stops at 420. Targets at 468 & 490.
CBOT:ZMZ2022Long
by inspirante
$HOOD Fibonacci, Bull Flag, Trend line Retouch, now we go up?This chart is similar to the chart for WISH, in my opinion. Similar, yet holds a few critical differences- primarily, the trend line placement & consolidation since March 29th. It looks to me like the price consolidated in this wedge, is being held up, formed a bull flag, came back down to touch it, & in doing so has consolidated further on the fib levels of a fibonacci pattern, & is due to move upward. Unless, of course, there's a whole lot more sideways action.. As we see with WISH. *Not trading advice.
NASDAQ:HOODLong
by UnknownUnicorn1935796
DOTUSDT Preparing a HUGE Run-UpHi Everyone, Yesterday we mentioned that BINANCE:DOTUSDT was making a Pullback into the 0.5 Fibonacci level and it almost touched it. After breaking above the falling wedge (bounded by the yellow lines),BINANCE:DOTUSDT after that it consolidated for many hours in a tight range inside a wedge. As of right now, we are inside a Bullish flag, at its resistance level precisely. If it closes above the pattern, we might buy at the retest of the flag. However, if we don't break it, we will most probably look for a buying opportunity at support (of the flag).
Long
by yassin_khanji
2
Bitcoin BTC - Ready for another pump! Wedge + Elliott Wave This is my quick update on Bitcoin on the 4h chart (local price action). Price is still holding the major support zone (21 700 USDT - 22 000 USDT) and that's why my bias is still very bullish! We have an incomplete rising wedge, so there is a great chance for another wave to the upside. As per my Elliott wave analysis - we are basically in the middle of this "huge" Impulse wave! There are a lot of Elliott waves combinations, but i think this is most probable scenario. Look at my ideas about interesting altcoins in the related section down below ↓ For more ideas please hit "Like" and "Follow"! My second alternative Elliott wave count. We have a leading first wave diagonal here.
Long
by UnknownUnicorn2537518
92
Bitcoin BTC - New bull market just started! Elliott Wave + Wedge The price is currently above 22 000 USD and we have had a capitulation wick to 17 600 USD to kick out high leverage traders. I do not see any reason why bitcoin should not respect the previous all time high support from 2017 (around 20 000 USD)! Bitcoin on the weekly chart is currently sitting on the main support: Previous 2017 Swing high + 0.382 FIB + ABC correction completed! The price is forming a falling wedge pattern, which is definitely a good sign that can lead to a new bullish trend. As per my Elliott wave analysis - ABC correction (ZigZag 5-3-5) should be completed successfully and we can start a complete new impulse wave. Only Bitcoin is a safe bet for the longterm. It's the best store of value and altcoins are awesome for short-term to mid-term massive gains. I expect tremendous pumps for selected altcoins, you can find them in the related section down below ↓ For more ideas please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
62
TOTAL crypto cap - New bull market! Bull flag + Elliott wave We have a tremendous confluence to buy cryptocurrencies for a long term at this moment! It is a common thing to test the previous all time high (in this case from 2018) on the weekly chart. 200 moving average is considered as a strong support by huge instituions and hedge funds and bulls successfully defended this area! 0.382 FIB retracement is also a noticable support level on the LOG scale. As per my Elliott Wave analysis - ABC correction has been completed on the macro scale and now we are ready for another bull market! We have a falling wedge or a bullish flag - noticeable patterns on the weekly chart. Look at my ideas about interesting altcoins in the related section down below ↓ For more ideas please hit "Like" and "Follow"!
CRYPTOCAP:TOTALLong
by UnknownUnicorn2537518
19