Flag
Bitcoin: Bullish Flag Breakout Targeting $136kThe BTC price is trading above the key moving averages, EMA 50 and EMA 200, signaling a strong long-term bullish trend. Additionally, the "flag" pattern, typically indicating trend continuation, has been broken to the upside. EMA 9/21 further confirm short-term bullish momentum, adding confidence to the price movement.
Trading volume suggests that major players (so-called "whales") may have manipulated the market by selling large volumes to temporarily push the price down, allowing them to buy at lower levels. This is a classic signal for potential further price growth.
The next target for this bullish move is the $136,000 level. However, it’s important to consider the risks: if the price falls back below the EMA 50, it could signal a potential trend reversal.
What do you think—will BTC hit this target in the near future? Share your thoughts and analysis in the comments below! CRYPTO:BTCBUSD 🚀
USD/JPY, Where to Next?As explained before before, USD/JPY drowned almost two percent this week, three scenarios can play out next:
- Bearish scenario: Current 4H chart is evolving into a bear flag from previous TR, bears could get a second or third (depending on ur analysis) leg down towards 154.00 target:
-Bullish scenario: Bulls could fight of the downtrend and reclaim 156.000 to evolve into a trading range. This will be hard as they have to reclaim 20 EMA where bears might be present. Bulls would need to show consecutive buying to show they are back in control.
-Sideways trading: Trading could be sideways to reach 20 EMA on the daily before next move is decided.
So far, odds favour the Bear scenario, the longer we stay below the trading range, the more likely bears are will get their bear leg.
- Scalp idea for the day traders:
Currently, theres an extending triangle evolving with an inside wedge top, this could be a sign bears are stepping in again. Bulls did not show strength at start of day, they got two small legs, but were not satisfied, likely to start selling again. Day could evolve into trading range day depending on reaction at day open.
If extending triangle plays out and there's consecutive selling, 155 is the target with 20 EMA acting as resistance.
Peace,
B Setup
ETHEREUM (ETHUSD): Bullish Continuation Confirmed
As I promised on the yesterdays live stream,
here is the intraday confirmation that I spotted on ETH after
a formation of a bullish imbalance on a daily.
Retesting the broken structure, we see 2 breakouts:
a violation of a resistance line of a bullish flag
and a violation of a neckline of a double bottom.
I think that the market is going to reach 3500 level soon.
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CADJPY: Bearish Continuation Confirmed 🇨🇦🇯🇵
It looks like CADJPY is returning to a bearish trend.
The price completed a consolidation within a bearish flag
and violated its support with a high momentum bearish candle yesterday.
With a high probability, the pair will continue falling soon.
Next support - 107.15
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Updated XRPUSD chart to more precisely show the breakout pointI decided to post an updated version of my current xrpusd daily chart to more accurately display the measured move line at the spot of the exact breakout so we can see it work its magnetism on price action and so far you can see here we had a perfect wick support bounce up from the dotted measured over line like clockwork. Let’s see if it climbs up the lne like it often does with other pattern breakouts. Target for this specific breakout is $4.86. II will post a link to the previous version of this chart below. I tired that one something along the lines of the 50ma is about to push price action out of the nest and force it to fly and as you can see that’s more or less exactly what it did. *not financial advice*
CADCHF: Bullish Move From Key Level 🇨🇦🇨🇭
CADCHF formed a nice trend-following bullish setup.
After a test of a key level, the price bounced and violated
a resistance line of a bullish flag pattern.
We can expect a bullish continuation at least to 0.6372 level now.
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XDC breaking up from 3 different bull patterns at the same timeI had to use the weekly time frame instead of the daily to fit all 3 patterns in the frame here. As you can see we have a double bottom(green neckline), an inverse head and shoulders (tan neckline), and a pink bullflag that price action is currently breaking above each of. Their full measured move targets are all relatively close to eachother too which creates some bullish confluence. *not financial advice*
XRP’s 1day 50ma about to push XRP price out of the nestWe can see the orange 1day 50ma has now rise up to the bullflag xrp has been consolidating in since its big pump and is ready to shove xrp’s priceaction u out of the nest so it can learn to fly to the next target. I’m gonna go out on a limb here(no pun intended) and make an educated guess that XRP will achieve a new all time high before February. That’s not financial advice obviously but that’s how confident I am in the current market conditions I’m seeing. Let’s see if my guesstimate comes true.
Bitcoin bull flagIf there is no follow through with the head and shoulders pattern, keep an eye out for this bull flag.
The snap back in recent price action displays strength and a seek for liquidity.
The 2 green boxes are previous bearish fair value gaps. The consequent encroachment for both gaps are marked (green line through center).
Watch for the bearish FVGs to get flipped as support (inversion).
Watch the 0.5 (red line, consequent encroachment of the consolidation range) to get flipped as support.
The final sign that BTC is potentially ready for a markup phase is for the top bearish FVG to get displaced through and flipped as support (inversion).
I have projected a bars pattern of the previous run (bull pole starting in Sept. 2024) to help visualize volatility and a realistic timeframe if it were to play out similarly.
"History Doesn't Repeat Itself, but It Often Rhymes" - Mark Twain
2025 Q1-Q2 Top (projection lined up with April)
Sell in May and go away...
HBAR likely to break outta flag as it breaks stochrsi resistanceNotice the yellow descending trendline on the stoch rsi indicator, we can see this line held resistance fr quite some time but stochrsi is now finally braking above t while price action has simultaneously closed the previous candle with the body poking above the top trendline and now the current daily candle looks like it will hold that trendline as solid support and potential even act as the breakout confirmation candle. Probability is high the breakout will be confirmed in the next few days *not financial advice*
A8USD 12/18/2024A8USD Daily Chart Analysis
My initial analysis was spot on, with the first trade netting a +205% profit in just 1 week:
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Current Analysis
BTCUSD appears to be in the early stages of a continuation of its long-term uptrend. If this holds true, altcoins could see substantial benefits, and A8USD shows strong potential to be one of the big winners.
• Initial Move:
After breaking out from an inverted head-and-shoulders pattern in late November/early December 2024, the price exploded +300% to all-time highs within 1 week.
• Current Consolidation:
The sharp move caused an overextension in price, leading to a Bull Flag consolidation over the past week, aligning perfectly with the 10-day EMA. This presents the first significant opportunity to enter long for those who missed the initial breakout move.
• Breakout Confirmation:
Today, price has confirmed the bull flag breakout by moving into all-time highs.
o The MACD is in bullish territory and already above its signal line, reinforcing strong upward momentum.
o The breakout into all-time highs indicates high demand with no immediate resistance to hold back further moves.
With momentum and demand aligning, we can anticipate strong upside moves as volume starts to flow in.
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Trade Setup (Long Position):
• Entry: 0.4526
• Stop-Loss: 0.2905 (-35.82%)
• 1st Target: 1.0727 (+137.01%)
• 2nd Target: Trailing the 10-day EMA on the daily chart.
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Conclusion: The confirmed bull flag breakout into all-time highs, combined with strong MACD momentum and volume potential, signals that A8USD is positioned for another substantial move to the upside.
Dell May Be StumblingDell Technologies has been staggering since the summer, and now some traders may worry about prices trending lower.
The first pattern on today’s chart is the bearish gap on November 27 after guidance came up short. The computer maker held roughly $125 for several sessions, fell and then retested that zone last week before stalling. The resulting lower high may suggest new resistance has been established.
Second, the weakness occurred at the 200-simple moving average (SMA). DELL had tried to hold that line since August. Is it now breaking?
Next, the 50-day SMA is nearing a potential “death cross” below the 200-day SMA. The 8-day exponential moving average (EMA) is additionally below the 21-day EMA. Those patterns are potentially consistent with long- and short-term weakening.
Fourth, stochastics are dipping from an overbought condition.
Finally, the higher lows since December 20 could be viewed as a bearish flag that’s now resolving to the downside.
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NAS100USDNow on my recent analysis for S&P500, we looking for bears, however here we may be having a bullish flag or compression continuation pattern. If my wave count is correct, then based on historical pullbacks on this chart, we may be correct with the continuation pattern which should pull back towards the 0.5 Fib area. Safer to still look for selling opportunities as currently we have a lowe new low, after breaking the price marked/indicated in blue on the chart/annotation.