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Bullflags

Is Hive trading in a Bull Flag?Possibly a descending triangle as well, but the RSI is fairly low on a 1 Month chart which indicates there's room for appreciation before becoming overbought. One thing I find very interesting is the fact that Hive has traded 321,456,046 shares in the past month, keep in mind Hive only has roughly 327M shares outstanding, huge volume surpassing the 2017 parabolic rise but the share price didn't increase 1/5 as the previous Bull Run. On a positive note Hive is gaining back its correlation to Ethereum, technically during the past month Hive has outperformed ETH which is interesting. ETH is the Grey line & Bitcoin is the yellow.
TSXV:HIVELong
by ScotianBot
2
DOMINOs PIZZA 1W BLUG FLAG LONG TRADEBull Flags are repeatable Range trading chart patterns. Bull Flag chart pattern will have a directional bias depending on the previous incoming trend. 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 the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
DLong
by Tradingstrategyguides
Higher highs? BULLTRAP? Golden crosses!Hey there, so this is a pretty important post right here. Leave a like, commend and share this post! Also follow me, if you don't want to miss out! As many of you migh already know, we had the cross (golden cross) of the 200 and 50 MA on the daily chart coming and it happened today. More or less surprisingly, we saw the price ralley strongly to the upside. We are now again above 10K and are getting a bit overbought on the smaller timeframes, but nothing too scary. The golden crosses of the 50/200 and 100/200 have been very bullish signals for Bitcoins price in the past, and could play an important role in the future. Price rallyed significantly from these golden crosses. These signals are though of even more important value, if both moving averages are heading into the same direction (up or down) while they are crossing. Only then is a true bullish signal given, imo. The bull flags on the daily also where very nice buying areas and still seem to be. There is though still the posibilty for this second ralley over 10K to be a bulltrap and to trap all the bulls, thinking Bitcoin is going to 12K. A breach above the last high and a further sharp 10% drop could signals a bulltrap and would be a concerning factor to me. So keep your eyes and minds open! Definitely follow me on social media and especially my YouTube channel: YT: Enlightened Trading Instagram: enlightened_trading_ Cheers, Konrad
BITSTAMP:BTCUSDLong
by EnlightenedTrading
Descending Triangle.This is the "exact" same chart from the other day but on a 6 month line chart; which only shows the daily "closing price" as opposed to the 1 year time frame candle chart I posted on Feb 6th which shows more trades. Notice where the rejection point came into play on Canopy's parabolic price move on Friday? The downward sloping trendline of the descending triangle seems to be in play, and the sell volume seems incredibly bearish. Every time Canopy's RSI gets this high we see a dump in the share price as well. The neckline area of the Inverse Head & Shoulders pattern which called the temporary bottom seems to be holding as support for the time being, interesting.
TSX:WEED
by ScotianBot
Bull Flag Or Descending Triangle?This is the same chart i posted on Feb 3rd but this Hollow Candles instead of a Line Chart. $TNY has displayed strong support 4 times during this consolidation period after the bullish move on Jan 14th, and the chart has also displayed moderately strong resistance creating the downward sloping trend line forming a descend triangle, or is it a bullish flag? Only time will tell I suppose. Keep in mind the more times a resistance or support level is tested the more likely it's going to result in break in either direction.
TLong
by ScotianBot
BTC - Healthy consolidation! Daily higher low found?Hey there, So Bitcoin has been consolidating in the last few weeks and days and is currently holding its gains. In my latest post I expected Bitcoin to find a daily higher low in the near future at around 9000USD. Therefore it is of no surprise, that we bounced off of low 9000 and are now about to retest resistence. Also we have a bull flag on the 4h and 12h chart and you could make the case for a falling wedge on the daily. Bears didn't see follow through as support was broken regularly and got often bought up. There is a reasonable chance that we now have found a daily higher low, although I cannot be too sure yet. We recently had a 9 on ETH on the TI Indicator daily, but did not break too far and could be going into a double 9. The weekly timeframe is at a 5, so we still have plently of room to the upside. Targets are marked with white horizontal lines where resistance is likely to be seen in the future. Bulls still maintain controll and keep the trend strong. Maybe this really is the ralley into the halving with a "sell the news" event in May 2020. Check out my YouTube channel: Enlightened Trading on which I regularly post videos on crypto and the stock market. Also follow me on Instagram and Twitter at enlightened_trading_ Cheers, Konrad
BITSTAMP:BTCUSDLong
by EnlightenedTrading
Bullish Pennant?Possibly a descending triangle? A pennant is a continuation pattern in technical analysis formed when there is a large movement in a security, known as the flagpole, followed by a consolidation period with converging trend lines - the pennant - followed by a breakout movement in the same direction as the initial large movement, which represents the second half of the flagpole. Pennants are continuation patterns where a period of consolidation is followed by a breakout. It's important to look at the volume in a pennant—the period of consolidation should have lower volume and the breakouts should occur on higher volume. Most traders use pennants in conjunction with other forms of technical analysis that act as confirmation. Pennants, which are similar to flags in terms of structure, have converging trend lines during their consolidation period and last from one to three weeks. The volume at each period of the pennant is also important. The initial move must be met with large volume while the pennant should have weakening volume, followed by a large increase in volume during the breakout.
TLong
by ScotianBot
XRP Looks very bullish to meA nice bull flag formed in side the trading channel previously post. Not retested the support line @ .2340 either and WELL above the 200 MA. The most positive thing about the price action is it's ability to hold on to the price rise, then consolidate. Haven't seen this kind of price action for a considerable time. Bull market underway......I can see us nudging the .2810 resistance level before the end of February. Happy trading everyone, good luck to you all.
BITFINEX:XRPUSDLong
by AZEB1A