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!
- Price contraction after bullish impulse up forming. Large move will take place on confirmation to up or down. Here are the simple measured moves for each. Not financial advice just my own charting opions for entertainment only.
USD/GBP = Overall the pair is in an uptrend according to monthly timeframe. Price is approaching a major key level. Price action suggests strong bullish movement. Overall I think bulls will tire at the key level and consolidate at this level. Price will then either do one of two things. 1st: Continue past the key level and further move up to the monthly uptrend...
Buying breaks / continuation in bull markets this strategy is usually a little "slow", but often winners the problem is it can go back before going up so a tight stop loss is likely to get hit often even when being right, in bear markets moves can be violent. Those I can think of * The triangle / flag pattern / falling wedge These have always worked and still...
On the 4H chart, the pair is testing the previous high (PH) line and could potentially see the final wave of the bearish flag (possibly test 110.60 or the R1 level,110.913) before the bearish breakout. Key confirmation area before trading would be if the pair broke the PH and the EMA,50. After that confirmation, the trade set up - Entry position: PH(110.228) -...
Watch the moving average crossovers and the break of the neckline.. could get interesting
Big 3 Indicator helps determine retracement and continuation moves Ma's and colored background helps visually see the ebb and flow of price PM me & will help with any questions you may have
The price for gold is moving in a downtrend, making lower highs and lower lows. Price just made a bear flag pattern, and broke out of it. We should probably see a continuation to the downside since the correction has seemingly ended. If this setup is validated, prices should rock-bottom to the 1270 area. Remember, always take your profits earlier when they come.
The market exploded last night up to $192.01B. Dominance quickly followed and is up to 58.97%. The price of Bitcoin is at ~6400. The price broke to the topside of the rising wedge confirming a continuation pattern. The next key levels of support are 6300, 6100, and of course 6000. The RVI indicates high levels of volatility, but it also tells us that price...
In this 4H chart, we can see that GBPUSD is in bullish momentum, it seems that nothing can stop the price at least until the price will reach the resistance above, we can see that the demand Below is also the 0.50 Fibonacci level of the recent uptrend, the combination of the demand and the 0.50 Fibonacci makes that level a great level for buy position, the...
BTC has formed new support, I'm longing here with a stop at 5828. Damn this has been fun :)
From this analysis, we can see a bullish falling wedge has formed with a double bottom at support. This is giving me confidence for a strong bullish movement incoming. Confirmations of Long Entry Falling wedge Daily Impulse Correction Double bottom at support with the neckline at resistance Break and retest of a double bottom or trend line for entry
My expectation for price action is indicated by the thin green and red arrows. Blue triangle indicates the current range. The large dotted green arrow indicates the overall trend. Green box is buy. Red box is sell. Blue line indicates major support/resistance identified by the fib channels. Green & Red lines indicate t/p. Black dotted lines are fib...
This setup looks similar to what BCH did before its 40%+ pump at the beginning of April. I expect a pullback to one of the lower green boxes before continued upside. Blue triangle indicates the current range. The large dotted green arrow indicates the overall trend. Green box is buy. Red box is sell. Blue line indicates major support/resistance. Green line...