The market cap has continued it's pullback and is down to $287B. Dominance has also dropped further and is down to 68.16%. The price of Bitcoin is at 10,900. Price action broke to the downside of the bullflag forming new trendlines and bouncing from a re-test of support at 10.700. Lower timeframes between the 1 and 4 hour have oversold indicators, but there is...
Completion of a Bull Flag Formation? See chart Candle range of the Majestic-X oscillator custom set to 15 candles: Bullish pattern emerging, coinciding with previous significant pumps as well.
Ignore the bears look at that volume. Oil Should break out of the bull flag and be over $100 a barrel by end of 2021. I am going to start accumulating oil stocks again.
Bitcoin continued it's 4th day of sideways movement but is making higher lows and lower highs inside the bull flag. The question is if and when it will finally be able to push back above the 12,000 level.
BTC looks like it might have formed a Bull Flag formation, a breakout to the upside will signal a move higher. However, I wouldn't be surprised to see a pullback from these levels either, stay cautious!
Expecting to see BTC retrace into at least the higher grey demand zone (H4 buyers) if not potentially the lower grey demand zone (daily TF buyers), before pumping hard up out of the bull flag we've seen printing this last month or so. Higher target from the flag is $18500 or so.
I'm Buying the breakout and set stop losses... Target Last High and above Large cup and handle... Zoom out.
Bulls get Money, Bears get Money, and PIGs get...…………………… Oh wait, this is Beyond Meat, no swine up in this motha sucka! I see one or two "pumps" left before a deep dive down into the p&d abyss. Time will tell per usual.
The weakness of bitcoin against USD is not critical yet. Despite recent drop the 50% fibo of the recent rally is still to be tested and thats the the lower channel line too. The cross formed a bull flag which gives as even better probability to profit from long positions. However one should be patient to get the most out of the pattern. Given the high volatility...
How fast does travel travel today? The speed of light? How fast do the Internet memes get around? minutes, hours, days, weeks? Not long at all. How long does it take to viral YouTube video to spread around the world? No time at all. How long does it take for a black swan to sweep through an already shaky financial system? Does 2008 come to mind? Now that the US...
As you can see on the chart BTC is currently in a bull flag formation on the one hour timeframe. LTC and ETH have had more significant price action increases and have broken levels of resistance in their patterns that BTC has currently not. IT can be argued that LTC has been a leading indicator for BTC and if this is the case, we can have more reason to...
The previous flag worked out beautifully - Is this another? It broke through the top and retesting the top line now. OANDA:XAUUSD
Hi everyone, Here's another update on Bitcoin on the Weekly Chart! After completing the flag pole in June, Bitcoin may be in the process of completing the bull flag structure as it continues downtrending to $8.5k. A simple extrapolation target of this bull flag sets Bitcoin at $18,200 in mid-to-late October 2019. This is inline with our ultimate EOY target of...
Price has formed a bull flag. Price can either have one more leg down, or breakout the flag. Buy zones are indicated in the chart. Post will be updated as soon as the trade is active. Free telegram channel: t.me/rnxcrsignals
Price has created a Bull Flag chart pattern which has a Bullish bias (LONG TRADE). Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is...
looks like everyone stopped calling 15k and 16k and new ATH targets ! WHY 15-16k target now ? 1- This idea is pretty contrarian now while many waiting for that 8400 target ! 2- bull flag formation after a strong rally is an indicator for continuation. 3- altcoins carnage with many hitting daily 200 MA and below. 4- Because WHY NOT ! Unless market is looking...