A textbook trade the previous analysis on usdtry. Showing how easy trading can be sometimes if we are willing to wait for a good setup.
As we can see on the left, it respects that big bull flag that i drew a week ago. So we could be closing in on a temp low on the lower time frame. My game plan now is, waiting for a potential inverse H&S with the low in that...
On 26 May 2019 at 1600 hrs Universal Time, Bitcoin (Ref: Bitfinex; against the US Dollar) had a bullish breakout from the ~$7975 price point terminating at approximately ~$8787.
At the time of this writing we can see here on the 4 hour chart that price is sitting at around ~$8758 and has been in a narrow downward consolidation since the 26th (3 days ago)....
# TrendIsMyFriend it looks like bitcoin i heading for that 1000$ price per bitcoin but will be confident to enter at the price of 8940.9 per bitcoin to 1k as you can see it has formed bullishflag stops are in Oder in case im wrong.
Bulls continue to remain in control and have seen some solid dip buying. I personally exited a small portion of my BTC and ETH positions 2 days ago just to lock in profits and have more flexibility with my stops.
Ideal scenario here in my opinion is for the daily to be a bull flag here with continuation today or tomorrow towards $9k. Resistance from initial move...
So the Bulls are losing momentum - no doubt about that. The price movement tells us that, but also the MACD. You can see, how a Bearish MACD Cross just happened.
But this is in fact pretty normal in consolidation phases and on 4th waves. So even though it looks scary at first sight, it doesnt mean that the bulls are not there. Their job is basically just to...
On our analysis on the 17.04 we indicated a bullish flag as prices bounced off the long term downtrend line from the beginning of Oct 18. Therefore we expected Microsoft to continue it's uptrend which effectively it has as prices are above the Ichimoku cloud and the RSI and Stochastic indicators are not signalling the stock is overbought. Consequently we maintain...
If this lower time-frame Bull Flag breaks North as expected we should hit the next target between $9,800 - $10,000. Over another $1,000 from where we are now. The Flag pole was quick and strong which usually indicates there will be a continuation. We don't know when or where it will break along the top of the flag, but we do know by the length of the flagpole...
If this lower time-frame Bull Flag breaks North as expected we should hit the next target between $9,800 - $10,000. Over another $1,000 from where we are now. The Flag pole was quick and strong which usually indicates there will be a continuation.
Let's see if it plays out as expected.
Yes, I'm still very, very, very long.
Good luck!
This is a view, how a push to 10k might still be possible.
Even higher imho possible.
If we don't correct now, and the double top therefore doesn't materialize, as I feared today in the morning, we
could indeed see an upwards break of this triangle.
Highly interesting times we are witnessing.
I am myself quite unsure now, that's why I post this differing view...
this bullflag inside an inverse head and shoulders inside a bullish ascending triangle should provide a triple threat of bullish momentum that finally breaks us above the strong resistance at 8504 and allows us to achieve the elusive higher high on the weekly chart. We must always be ready for a potential fakeout of course but odds and probability strongly favor a...
Prices on the CHF/SGD broke out of a interim downtrend on the daily chart, and we can anticipate further upwards movement. Price could find support on the 1.3650 if it forms a correctional structure in the form of a bear flag pattern, and then continue higher. Proper risk management is key especially when trading exotic currencies since there are huge margin...
On the left we can see the bigger picture of ETH. The 220/240 target i mentioned a while back of the yellow triangle at the lows has been reached and extended even. This is usually a sign of strength, normally saying that we won't see a huge dump anytime soon. The dump from 2 weeks ago was probably a glitch or something, where it reached 190 while on Bitfinex it...
DENT is looking amazing - it just takes forever to form these patterns. But you can see how we have a bull flag to to take us up to the neck line and then hereafter we have an inverse HS Pattern.
D4
PS. Please give a LIKE for the good signal!
ROKU has a bull flag printing as it makes new highs
SPY is stagnant and is moving sideways.
ROKU may make new gains and move toward $90s
Journal Entry and not trading advice.
