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Bullish Flag

Bitcoin Dumping: Just A Little More!In my last BTC analysis I talked about the post-ETF sell-off that BTC saw, and which would likely trigger after the Ethereum ETF. We're now a few days after the fact and crypto is selling off hard, especially the alts. In my opinion, it's likely that BTC will keep on going down. We might see a short-term reversal in the near future due to being extremely oversold, but in the end I assume we will still revisit the green area as mentioned in this analysis: The green area is an ideal entry for the bulls. Ideally, it's paired with a daily oversold RSI. At the moment, my market outlook is neutral. Will switch bullish when we will break through the top yellow resistance and bearish if we fall through the bottom purple support. Interested to read your BTC outlook in the comments.
Long
by FieryTrading
27
All Eyes on Critical Support for Bitcoin!All eyes must now be watching BITSTAMP:BTCUSD 's flag support shown in the primary chart above. Since BTC's all-time high at $73,794, BTC has had a steady, yet volatile, pattern of consolidation that has fit within a downward sloping flag channel, often called a bull flag. Yet a bull flag isn't a bull flag anymore if the lower channel breaks down decisively. So that's why all eyes are on this support now. Interestingly, the yellow line in the primary chart above is a Fibonacci .618 retracement at $51,985. This .618 retracement coincides to some extent with flag support today. If the .618 retracement cannot provide support along with the descending channel's return line, then one can expect lower prices to retest, at a minimum, the major swing low on January 23, 2024. With an escalation in geopolitical conflict, prices can be more volatile than normal. This can mean that support / resistance boundaries are broken more easily. And false rallies and dips can be more fierce and seductive. So be careful out there! Even if relief rallies ensue, price may continue to struggle into next year. But don't rely on anyone's predictions—including mine! Try to stay objective, unbiased, and continue to watch what price is telling you—without trying to force your assumptions into the price action. In other words, what price is doing a week from now, a month from now, a year from now, will give you more information than virtually any trader or technical analyst can tell you. Lastly, here are some longer-term levels that can be watched in the event price breaks down further from this flag / channel.
BITSTAMP:BTCUSD
by SquishTrade
3
ETHUSDT: A Golden Opportunity?Hey everyone! Appreciate a like and follow if you find this analysis helpful! Let's dive into the ETH 2-day timeframe chart. We're currently observing a bullish flag pattern forming. The price is nearing the lower support line of this flag, a level that has held strong for the past six months. Historically, ETH has bounced positively from this zone. It's worth noting that the ETH ETF was recently launched, mirroring the BTC ETF launch in January. Following the BTC ETF launch, BTC experienced a roughly 20% drop before embarking on a parabolic 90% surge. A similar pattern could unfold for ETH. This setup presents a compelling risk-reward opportunity for ETH buying. Entry range: $2750-$2900 Targets: $3800, $5700, $7300, $10,000 Stop-loss: 2-day close below $2500 What are your thoughts on ETH's current price action? Share your analysis in the comments!
Long
by CoreCrypto1
MEW — Another Unsuccessful Break Out Attempt! After its latest pump in mid-July, MEW has entered a bull flag pattern. Moreover, we've seen a couple of breakout attempts—so far, all unsuccessful. Just yesterday, we had the next attempt, which was also driven by an enormous volume spike. However, the resistance remained strong, and MEW was rejected. Even today, MEW tried to push but didn't reach the trend line. Once MEW manages to breakout to the top, we could quickly see a rally of 60% (calculated based on the previous pole flag). Accordingly, a level of 0.012 is possible. However, an entry should be based on a breakout and confirmation on a higher timeframe. A stop loss can be placed slightly below the trend line.
Long
by ben_walther
CholaFin-Swing Trading-Bullish flag pattern towards big breakout NSE:CHOLAFIN 18.07.2024 Buy: Above 1450 Target: 1668 Stop Loss: 1370 Risk:Reward- 01 : 1.5 1. Inside Bar Breakout in daily TF & Bullish engulfing found in weekly TF 2. Price was following the parallel channel from last one year.After breaking out the channel, now price has taken retracement. 3. After a good breakout, price has consolidated from one month by forming bullish flag pattern. Today with good green candle, pattern has found breakout with good volumes 4. Price rejected from 21 EMA & price is above 50 EMA. 5. Price has rejected from 0.382 Fibonacci level in previous uptrend.
NSE:CHOLAFINLong
by Swinging_Inside_the_BAR
CRYPTO TOTAL MARKET CAP (BULLISH IDEA)Hello Avid reader, I would like to share my take on the possible scenario for the Crypto Market. 1 - The market has been in consolidation phase for the past 4 months , creating a Typical Bull-Flag pattern . 2 - As you can see that the lows of the channel have been tested 4 times, but the selling pressure got absorbed on each test, signaling a Strong reversal. 3 - The mid of the channel (represented by dotted white line) precisely provided resistance / support to the PA in all the previous moves which is clearly visible on the chart. But the thing which I would like to highlight here, is that this time, the Price, very comfortably broke through the mid-zone and re-tested it as Support. 4 - There is a BISI (Buy-Side Imbalance & Sell-side inefficiency) highlighted by the green box. The PA might indulge this zone to grab un-touched Liquidity. 5 - USDT's Dominance is weakening and has formed a Bear-Flag pattern. Areas of interest are market on the chart. 6 - In Summary, I expect the Crypto Market cap to rise significantly in the upcoming weeks, especially in Q4 2024 & subsequently, in Q1 2025. We are likely to face some resistance in the 2.5 T to 2.55 T area, as highlighted in the red box. Thereafter, 2.7 T and 3 T would be my areas of interest for selling. Thanks.
CRYPTOCAP:TOTALLong
by shadowkh1
3
3 Bull Patterns on BTC about to trigger a bullish domino effectPriceaction is now for the second time solidly back above the bull flag we had been consolidating inside for the past few months ever since hitting the newest ath. It has also gone up to complete the left shoulder of an inverse head and shoulders pattern that is also overlapping the bull flag. We have yet to take price action above that neckline but by the prices current bullish behavior and how its not being rejected that heavily I would expect that we can at least send a wick above the. Teal neckline of the invh&s pattern wishing the next few daily candles if not the current one. Often times price action will go above the neckline of an invh&S pattern and then back below it multiple times before the real breakout gets triggered however in this situation, if price can maintain support above the top trendline of the green bullflag it will likely breakout of the inv h&s with way less back and forth above and below the neckline. The bullflag breakout will bring the momentum necessary to also trigger the invh&s breakout and as priceaction heads to both measured move price targets it will also surpass the purple line and flip it to support s well which is the rimline of a massive cup and handle pattern. This all culminates into one big bullish domino effect and that confluence helps greatly increase the probability of all of thee patterns confirming their breakouts. Not to mention another big invh&s pattern we confirmed the break out from many months ago had a target of 82k and we still haven’t quite reached that yet and in doing so, we also would trigger all 3 of these patterns so it may actually be the most appropriate 1st domino of this domino effect(will link that chart pattern idea below). However these 3 dominoes are clustered all very nicely together so it should lead to a pretty explosive move upwards. The inv h&S’s target is around 86k the bullflag’s target around 101k and the cup and handle target is 133k respectively. One last thing to mention though is that I am basing the bullflag’s price target of 101 k off of the size of the flag pole we see here on the daily(as well as the weekly) chart. Once you flip the timeframe to the monthly chart, you actually can see the pole of the bullflag on that time frame is much bigger and brings the bullflag target up all the way to 117k. *not financial advice*
BITSTAMP:BTCUSD
by DrDovetail
Frankly, I don't feel like explaining, the chart says it all !!BINANCE:JASMYUSDT broke out the bull flag on 2D timeframe Up we go📈 Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
1
#BTC: QUICK UPDATE!!Hey everyone! If you enjoy this analysis, a thumbs up and follow would be greatly appreciated! BTC is forming a bull flag-like pattern in 1hr time frame and it is holding an important trendline support so far. Currently, it is retesting the flag. If it maintains this retest level and bounces we can expect another upside movement up to the $68k level. Target:- $68k Invalidation:- 1hr close below the trendline. What are your thoughts on BTC's current price action? Share your analysis in the comments below!
Long
by CoreCrypto1
FIL/USDT READY FOR AN ATH!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! FIL looks good here. Forming a bull flag-like structure in the daily time frame and confirming, it's deviation. Also, fundamentally it is a solid coin. Buy some here and add more in red days. Entry range:- $4.0-$4.6 Targets:- $5.2/$6.4/$8.1/$9.8 Invalidation: Daily close below $4 What are your thoughts on FIL's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
WHERE IS BITCOIN BOTTOM??Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!** Where's the Bottom for Bitcoin (BTC)? The big question on everyone's mind: where is the bottom for Bitcoin (BTC)? While predicting the absolute bottom is impossible, we can analyze different factors to make informed decisions. Here's a breakdown of three key areas: Technical Analysis: Looking at the past 4 months, BTC has traded within a range of $56k to $73k. The daily chart suggests a possible bull flag pattern forming. The $56k-$60k zone provides strong support. Holding above this level could indicate a potential breakout from the bull flag. Fundamental Analysis: Negative news circulating in the market, like the German government selling Bitcoin and Mt. Gox creditor payouts, can create temporary downward pressure. However, it's important to remember that these events can also present buying opportunities during market dips. Market Sentiment: Fear and uncertainty can grip traders during downturns. The Fear and Greed Index reaching extreme fear might signal a potential bottom, but it's not a guaranteed indicator. Important Takeaways: Predicting the absolute bottom is not possible. Diversification and Dollar-Cost Averaging (DCA): Consider spreading out your investments (DCA) across different projects to manage risk. This approach can help you average out your buying price over time. What are your thoughts on BTC's current price action? What are you watching in the altcoin market? Share your analysis in the comments below! Thanks!
INDEX:BTCUSDLong
by CoreCrypto1
ETH: POTENTIAL BULL FLAG FORMATION!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! ETH is trading above the $3300 level which is quite a strong support. As you see in the chart, it is forming a bull flag-like structure in an 8-hour time frame and is currently, trading inside it. Once it breaks out from the bull flag we might see a good 30-40% rally to the upside. Also, there is positive news that the SEC could approve spot Ethereum ETFs by July 4 so this definitely gives a good boost to ETH and Alts. Entry range:- $3280-$3380 Targets:- $3900/$4200/$4600 Invalidation:- Close below $3250 What are your thoughts on ETH's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1
2
#FET: LOW RISK, HIGH REWARD TRADE SETUP!Hey everyone! If you enjoy this content, please consider giving it a thumbs up and following for more analysis. FET looks good here in ltf. It breaks out the bull flag-like structure in 1hr time frame and a retest is also done. It might start another good rally from here. Long some here and add more in the dip. Entry range:- $1.54-$1.60 Target:- 20-25% SL:- $1.50 Lev:- 5x-10x What are your thoughts on FET's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Long
by CoreCrypto1