$BTC/USDT 4h (Binance Futures) Bull-flag breakout and retestBitcoin just confirmed the bullish continuation breaking out of that descending channel, waiting for a pull-back towards 50MA to enter.
It's the first blockchain ever invented (13 years ago) working on #PoW consensus algorithm, more info on bitcoin.org
Current Price= 63925.04
Buy Entry = 63054.72 - 61979.96
Take Profit= 65968.76 | 69997.66 | 73925.19
Stop Loss= 60211.94
Risk/Reward= 1:1.5 | 1:3.24 | 1:4.95
Expected Profit= +27.60% | +59.85% | +91.25%
Possible Loss= -18.45%
Fib. Retracement= 0.883 | 1.272 | 1.414
Margin Leverage= 5x
Estimated Gain-time= 2 weeks
Bullish Flag
0x ZRXUSDT - Elliott Wave + Rising wedge- 0x - ZRX - Rank #101 - Token
- ZRX is very bullish on the weekly macro scale.
- We have a rising wedge, that greatly holds support.
- Bullish volume is higher and RSI is prepared for a pump!
- Profit target 1:1 fib extension or top of the wedge
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
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Binance BNBUSDT - 3x Ascending channel on the weekly scale!- Binance Coin - BNB Rank #3 on CoinMarketCap.
- BNB is by far one of the most bullish altcoin out there!
- My impulse Elliott wave is telling me that there will be another pump very soon.
- 3x Parallel channel can act as a support / resistance in the future.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio ( RRR ) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"
Possible long on the Hour Bull Flag Due to the recent weakness of US Dollar and the strength of New Zealand Dollar, the Bears were not given chance to triumph at the hour supply zone, instead a flag was formed.
The Bulls blueprint at that zone may induce the Bulls to come in one more time to continue what they unleashed.
An Intraday or scalp opportunity is given with nice low risk.
Bullish rectanglePrice is currently consolidating inside a bullish rectangle. A breakout looks very feasible. We can take short-term buy opportunities at the bottom of the channel. We don't want to trade against the trend, so we're not taking any short position.
We patiently await the breakout.
#Risk Management
# Good RR
#Simple chart pattern.
GBPJPY Bullish FlagHey traders, in the coming week we are monitoring GBPJPY for a long opportunity around 155.250 zone. We noticed the breakout of the bearish trend on the monthly frame in combination with this bullish flag patterns. once we will receive any bullish confirmation the trade will be executed.
Trade safe and use proper risk management.
Chiliz CHZUSDT - Huge symmetrical triangle +1000% GAINS!- Chiliz CHZ - Rank 65 on coinmarketcap.
- We can spot a symmetrical triangle on the weekly chart, that looks really nice!
- RSI is prepared for a huge pump to the upside.
- Stop loss below the triangle.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
- If you want to see more of these ideas, hit "Like" & "Follow"!
BTC - A Trio of WedgesBear Pennants breaking bull, and a deep wick back-test of support into a Confirmed Bull Flag has BTC forming another pennant. The consolidation after the shallow break of the Head and Shoulders continues. Akin to the wake of a boat, the three peaked pattern overshadows price as digestion continues.
Bullish rectanglePrice is currently consolidating inside a bullish rectangle. A breakout looks very feasible. We can take short-term buy opportunities at the bottom of the channel. We don't want to trade against the trend, so we're not taking any short position.
We patiently await the breakout.
#Risk Management
# Good RR
#Simple chart pattern.
Is it only correction?? Bitcoin on 1D chartBitcoin is currently trading around 58 900USD
Check daily chart. You can see nice uptrend - 21 days and 66% up.
Now we have probably correction - 7days and 13% down.
You can see the diferent - after 21days we have only 7days with downtrend.
Important point - in case of correction price should go up very soon again.
Strong support - 58 600USD, 50-52 000USD
Resistance - 64 000USD and 68 0000USD
Looks like bullflag formation - is important to break bearish resistance and then price could continue up.