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Bullish Flag

A close above the top red trendline would be very bullishShown here on the weekly chart is the weekly bullflag bitcoin has been consolidating in ever since correcting from the all time high we hit earlier this year.. For the first time since then, we now have part of a daily candle body above the top eligible top trendline of the flag and may very well close the current daily candle above that trendline for the first time which would be a very bullish development. It will be even more bullish if we can also manage to close a weekly candle above it as well but we still have another 6 days before anything like that can occur. For now a daily candle close above is still good progress which we have about 40 minutes left before the current daily candle closes (not shown here). If we were to break up from the red bullflag at this exact spot on the chart, there is some excellent bullish confluence here as you can see the measured move breakout target from here would be the exact same target as the much larger Purple bull flag we broke upwards from back in February. Both have a target around 99k. So this would indeed be a great spot for such a breakout to occur. We can also see the weekly 50 moving average(in orange) is holding very strong bounce support and should help to prevent the price action from recentering the flag/channel in the coming months as it climbs higher. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
XRP’s 3 hour chart 50ma climbing up through the bullflag A rare look by me at the 3 hour timeframe chart on XRPUSD. I normally don’t try to chart timeframes lower than 1 day because the chart patterns have a much lower success rate of reaching their full breakout targets. However I noticed that the 3 hour charts 50ma (in orange) has held as support since November 5th and is getting close to climbing its way up out of the bullflag here. If price continues to maintain solidified support on that 50ma, then it will validate the breakout up from this bullflag in the near future which will have a breakout target of around $2.00 . Of course being a small time frame, the 3hr 50ma could also easily flip back to resistance in which case we wouldn’t validate the breakout. For now probability favors the breakout upward slightly moreso. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
NEAR/USDT: READY FOR BIG MOVE!!🌟 Hey everyone! 👋 If you’re finding value in this analysis, don’t forget to smash that 👍 and follow for more high-value trade setups! 💹 🔍 Technical Overview: NEAR Protocol (NEAR) is showcasing strong bullish momentum! 🚀 It has broken out from a bull flag-like structure, with a successful retest confirming the breakout. The 100MA support is holding firm, signaling a potentially massive rally ahead. This could be the perfect time to accumulate some and add more on dips within the given range! ✅ Buy Zone: $6 - $7 🎯 Targets: Target 1: $10 Target 2: $22 Target 3: $38 Target 4: $48 Target 5: $62 🛡️ Stop Loss (SL): $4.78 💡 Why NEAR Protocol? NEAR Protocol is a next-gen Layer 1 blockchain designed for scalability, speed, and developer-friendly applications. It’s built on Nightshade sharding technology, enabling super-fast transactions and low costs. Key fundamentals driving NEAR’s bullish potential: 1️⃣ Growing Ecosystem – NEAR is home to many dApps, DeFi projects, and NFT platforms. 2️⃣ Backed by Big Names – Supported by renowned investors like a16z and Pantera Capital. 3️⃣ Interoperability – Seamless cross-chain communication with Aurora (ETH compatibility). 4️⃣ Mass Adoption – Rapidly expanding user base and developer activity. With these fundamentals aligning with strong technicals, NEAR is poised for an explosive rally! 💬 What’s your take on NEAR’s price action? Are you seeing the same breakout potential? Drop your thoughts and analysis in the comments below, and let’s profit together on this exciting trade! 🚀
Long
by CoreCrypto1
3
3 consecutive 1day candle closes abve key triangle top trendlineI wanted to post a daily timeframe close up of the top trendline of the macro time frame green triangle that xrp has been consolidating inside since 2018. We now have 3 consecutive daily candle closes above its top trendline and are working on what looks to be the fourth here. You can tell that it appears to be forming another little smaller time frame bullflag here with the last 5-6 candles which it has already done a couple times as well on the 20 or so candles just prior to those. The triangle pattern is most valid on a monthly chart so we should definitely not get too presumptuous that we have flipped this trendline to permasupport until we have closed 1 monthly candle above it and retested it as confirmed support with the follow up monthly candle. However we are making good progress now as we now officially have 1 weekly candle close above this green top trendline as well —> I will link the monthly version of this chart below so you can click on that idea as well to get the full perspective of this triangle instead of just a zoomed in look at the daily. Target if breakout confirms in this zone is $3.75. *not financial advice*
BITSTAMP:XRPUSD
by DrDovetail
BTC’s logarithmic bullflag targets on the monthly chart Shown here are the two bull flags that have formed since the last bull market top. Since this is on the logarithmic chart, there’s no guarantee that we can hit any of these breakout targets in the current bull market, however the smallest flags breakout target of around 199k has a much higher probability of being reached in the current bull market than the others. That being said, there is still a chance we could hit one of the 2 potential targets for the 2nd bigger flag, and even hit the highest target shown here as well which is a breakout target from a flag from 2 full bull markets ago that hasn’t yet hit its full target. Considering that logarithmic chart patterns from the higher time frames (monthly and higher) usually tend to take 2 bull markets to be reached so that does slightly raise the probability that we could hit that highest target this bull run as it is 2 bull runs after that flags breakout occurred. This probability is bolstered also by the fact that the bull flag prior to that one only took 2 bull rackets to reach its target as well.Whatever the outcome, I feel fairly confident that if not this bull run we should definitely be able to reach the 280k target by the next bull market and also very likely to reach the highest target by ext bull run as well since then it would be 3 full bull markets since that flag confirmed its breakout. Patterns worth keeping an eye on anyways regardless of how long it takes for them to reach their full targets. *not financial advice*
INDEX:BTCUSD
by DrDovetail
Bitcoin’s entire history is just a series of bullflag fractalsOn the entire bitcoin history index monthly logarithmic chart we can see how Bitcoin is nothing but bullflags. The second bullflag we broke up from took 2 bull runs to hit its full breakout target. The first one however because of how insanely long its pole is, has still yet to hit its full breakout target. It is now the 4th consecutive bull market since it broke out of the first flag though so perhaps it will reach that target this bull market, if not this market I’m confident the 1st flag will finally reach its full target next bull market. The second bull flag in the fractal series was able to hit its full target within 2 bull markets which is typically about the pace the huge macro patterns on the logarithmic chart tend to take. The other Flags since that second flag also are yet to hit their full targets but if the next flag in the series is also able to hit its full breakout target within a 2 bull market timeframe, the flags after it will also have to hit their targets as well on the way yo hitting that 3rd flags breakout target. We can see each flag seems to be getting progressively smaller as the fractal continues so odds are good the time it takes each flag to reach its full breakout target should also be getting progressively smaller as well so that would make sense. Anyways I just wanted to post a new version of the entire bitcoin history’s bullflag fractal so i could easily reference t and follow its progress for the current bull run *not financial advice*
INDEX:BTCUSD
by DrDovetail
Getting closer and closer to the bullflag targetsTwo of the biggest patterns bitcoin has broken upwards from this year are both bull flags and they both have a bullish confluence measured move breakout target of around $99,999. The first one that’s been forming the longest from we actually broke upwards from all the way back n February or March, and here is what it looks like: it was all the way back then I knew we would eventually reach this target and it’s extremely satisfying to click play and watch price action go directly to the target. You can see the price target for that one shown at the chart on the top of this page at the top of the dotted purple line. The other big bull flag of this year we only just recently broke upwards from in October, and it has also had beautiful priceaction unfold perfectly shown here: Clicking play on this chart also is amazing to watch it seemingly go up and hit the exact target with the dotted red line acting as a magnet. That same dotted red line can be seen on the chart image above on this current chart idea. Even though on both of those charts it looks like we have already hit the exact target, when you zoom n on the daily time frame here you can see that we came within a whisker of hitting the $99999 target but still have only gotten just below it. IN the process recently we have been consolidating in a rising wedge (as indicated by the diagonal pink trendline) and a rising channel (the ascending red trendline + the dotted red trendline). The rising wedge also can qualify as a bullish pennant and when you factor in the pink flagpole to where price has broken above the top trendline of the wedge, the measured move target for a breakout of such a pennant is around $116k. Rising wedges default mode is to break down instead of up, but in a parabolic bull phase many of them can consecutively break upwards, I do believe at the very least price action will finally reach both the dotted red and dotted purple targets. However, since that was the full target for two of the most pivotal bullish chart patterns of the year that may actually be a good time for it to make a solid correction. We also have the psychological resistance of 100k where many people would likely take profit at which could add to the liklihood of a correction in that range. Usually once price gets this close to a psychological level it tends to hit it so it would not surprise me at all if we hit 100k before the correction, there’s also a chance we could hit the little pennants 16k breakout target before the correction too but if we correct right after 100k, right after the 115-116k target zone, or just above that at the next big resistance area around 120-130k which is the top green trendline of this series of channels on the log chart: My belief is the correction will go down to fill the gap that was created in the CME bitcoin futures chart shown here: . I think it could likely retest that zone right around the 1day 50ma (in orange) rises up to meet that zone. My goal is to wait for a pullback back around there or back to the neckline (in yellow) of the big cup and handle we broke up from just recently, I will look for those levels as potential zones to make any additional entries into the market. The cup and handle has been by far the absolute biggest chart pattern of the entire year, however the channel of the red bullflag is also the handle of the cup and handle. Will be interesting to see how much of the above plays out how I anticipate it will. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
Bitcoin - Last stage of the pump! (sell here and wait 50% crash)Bitcoin is in the last stage of the bull run. Buying Bitcoin at 93,000 is not worth it for the long term because you will be able to buy it cheaper in 2025/2026 at the price around 60,000-50,000. The moon boys are back and everyone is very bullish; that is usually a sign of a cycle top. Bitcoin always moves in significant cycles and is highly volatile. New people don't know it, and their finances get completely ruined with each bearish cycle. Let's look at the technical analysis. Always start with simple trendlines. We can draw a very nice trendline starting from wave (1) -> wave (3). These 2 points are significant swing highs. This gives us a current profit target of 107,000 USD in December 2024. Next, what we want to do is look for the Fibonacci extension levels. As per Elliott Wave analysis, we are in the last wave (5), You want to draw the fibonacci extension from the start of wave (1) to the end of wave (3) and the second point will be the end of wave (4). This also gives us a profit target of 107,000 USD! This is not random; this is pure skill. 95% of retail traders don't use the Fibonacci extension tool, and among the 5% of users, 95% of them don't know how to use the tool properly. I know how to use it properly with the Elliott Wave theory, as I have been trading crypto for almost 10 years. Enter a short position at 94,500, first profit target 92,480, second 91,062. Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Short
by Xanrox
161
SOLUSDT | Marketoutlook Summary: • SOL/USD Movement: • Trading within a medium-term descending channel . • Resistance zone: 157.40–162.50 (23.6% Fibonacci & Murrey ). A breakout above could lead to further growth toward 175.00 and 185.80 (July highs). • Support zone: If the price falls below 147.60 (central Bollinger Band), it could decline toward 131.25 (38.2% Fibonacci & Murrey ) and 125.00 (Murrey ). • Technical Indicators: • Bollinger Bands: Horizontal, signaling consolidation. • Stochastic: Preparing to exit the overbought zone, indicating a potential sell signal. • MACD: Increasing in the positive zone. • Trend Outlook: • With the long-term downtrend intact, further decline in the near future appears more likely.
Long
by DynamicCapital-FX
1
A close up of the bullflag forming above c&h rimline on total2The red line is the rimline of the Total2 chart’s cup and handle pattern that I made a post about a few days ago and will link at the bottom of this post. I thought it would be a good idea to include a close up of this bull flag that is forming with that redline mostly serving as support here so it would be easier for people to see when the breakout from the cup and handle will be validated. Once we have solidified the red line as support long enough we will validate the breakout from the cup and handle. One thing that will greatly increase the probability that w will validate that breakout is by first valdating the breakout up from this smaller bullflag pattern that has been forming here, you’ll notice that we are also about to have a golden cross (when the orange line crosses above the blue line ). We are now just one to two days away max from that cross happening and I would not be surprised if the pump up from the bullflag that validates it’s breakout occurs the same day the golden cross occurs, as I have already seen that happen immediately on the golden cross in two other chart recently, and it usually tends to do so once we have entered the parabolic phase of the bull market. If we do we will simultaneously validated both the breakout from this bull flag and mostly likely validate the breakout from the more macro timeframe Cup and handle pattern as well. I will link the chart I posted a few days ago showing the full cup and handle pattern down below. We’ve already seen a slight bit of a precursor already in the market but once the cup and handle validates its breakout, it is officially alt season. *not financial advice*
CRYPTOCAP:TOTAL2
by DrDovetail
What is a BULL Flag Charting Pattern and How to draw it? 1/8This is video 1/8 of this series of BULLISH Chart Patterns. A bull flag is a continuation pattern that appears in a strong uptrend, signaling that the prevailing upward trend may continue. Here's how it looks: Flag Pole: A sharp, steep rise in price forms the flag pole. Flag: A period of consolidation with lower highs and lower lows, forming a flag that slopes against the prevailing uptrend. Breakout: A strong move upwards out of the flag, confirming the continuation of the uptrend. The bull flag pattern is popular among traders because it provides clear entry and exit points and is relatively easy to identify. It's a great indicator for momentum traders looking to capitalize on the continuation of a bullish trend. Like l Follow l Share Stay tuned for the other 7 BULLISH CHARTING PATTERNS
NASDAQ:GOOGEducation
by RonnieV29
14
Bitcoin - If you buy, you can get REKT in 2025! (Insider Info)Bitcoin is forming a historical bearish divergence on the weekly chart. As we can see, the price is making higher highs, while the RSI indicator is making lower highs. Historically, Bitcoin reacts to the divergence very successfully, and a lot of traders use it as a main indicator. Bitcoin can fall to 38k - 44k, so if you buy now, you can experience a massive loss if you are going against the RSI divergence. Best to open a short position, stop loss 81k. This bullish flag looks like a trap for retail traders. Intelligence people know that Bitcoin can have an infinite supply. It's nothing more than a computer program, and it can be modified. And they will give you good reasons to increase Bitcoin supply in the future, such as World War 3. And sheep will say yes, let's print more Bitcoin to end the war. Once Bitcoin becomes the world's digital currency, controlled by the FED as they plan to do so, you will hate Bitcoin. In a previous article, I said that crypto technology is not new and nothing special. This technology was brought to earth by alien entities. Crypto technology is already used on thousands of different planets in the galaxy. In fact, crypto is another version of the fiat money printing system. You probably heard about Greys, Reptilians, and Draconians. When you look at them, you will notice their ugly appearance. Nature hates them; that's why they are very ugly. Their intelligence is extremely low compared to humans, and they take instructions mostly from the AI. Write a comment with your altcoin, and I will make an analysis for you in response. Also, please hit boost and follow for more ideas. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Long
by Xanrox
220
TOTAL cryptocap chart about to complete the handle on its c&h We can see price action is breaking up fro a bullflag that has a target of 3.33 trillion. In doing so we should also validate the breakout of the cup and handle pattern which will give ita breakout target around 4.6 trillion or so. Price action is currently very close to retesting the green rimline of the cup and handle pattern and completing the handle. If we were to look at the daily, this pupcoincided precisely with the daily chart’s recent golden cross(not shown here) *not financial advice*
CRYPTOCAP:TOTAL
by DrDovetail
Linear chart version of cup&handle+ bullflag targetsI just posted the log chart version of these patterns before posting this idea and as you can see the linear chart version of these patterns have a much smaller measured move target for their breakouts. Usually what ends up happening in these scenarios is both the linear and log targets eventually get hit,, it just takes the logarithmic targets much longer than the linear ones. So while there is a possibility we could hit the log chart targets this bull run, there’s a much higher probability that we will Hit the full linear targets this bull run. With the higher log chart target that could get reached this bull run or it could also not get hit until next bull run which is something that has occurred frequently in the past with log patterns as well. Either way I’m confident those log chart targets will get hit by next bull run if not this one and pretty confident as long as the 5.3 diminishing returns theory doesn’t play out that we will very likely hit these linear price targets. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
Cup & handle and Bullflag have much higher target on logchartHere on the monthly logarithmic chart we can see both the cup and handle and the bull flag that Bitcoin is starting to break upwards from. Both of these patterns are also very much so valid on the linear chart as well, but as usual, the logarithmic version of these patterns has a much higher ensured move target for their breakouts. While there’s a probability we could hit these higher logarithmic targets during this bull ru, often times the logchart patterns take considerably longer to hit their full targets than the linear charts patterns, so there’s also a chance these targets especially the higher cup and handle target could not get hit until next bull run as well. I will go ahead and follow this chart up with the linear version so people can see the contrast between the breakout targets on both styles of chart. Much higher probability we can hit both of these patterns linear chart targets this bull run. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail