Bull Flag Trading on UNIUSD #BTC #UNIThe bull flag pattern is a continuation chart pattern that facilitates an extension of the uptrend.
In this scenario we have a Bull Flag as well as a Symmetrical triangle in which in a uptrend momentum as we see a huge spike in volume forming the Flag Pole, this pattern has a 67% probability of succeeding to the upside.
Entry Possibilities for a Bull Flag are:
At the Bottom of the Flag
At the Breakout of the Flag
Take Profit i always like to take at 50% of the measure move and at the 90%. This is a momentum pattern and more often than not, at the measured move, price will likely retrace a good amount.
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#BTC #CRYPTO #BULLFLAG #BEARFLAG #TRADINGIDEA
Bearflags
SILVER on the break of the channel 🦐SILVER on the daily chart broke the retracement channel.
The market tested the 0.618 level below the resistance structure and currently is trading above a support area.
According to Plancton's strategy if the price will break below we will set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Dark Cloud Cover within Bear flag ConsolidationWe have a Bear Flag here and within that Bear Flag we have a Dark Cloud Cover on the daily signaling that Bearish Continuation is more likely. I will be interested to see if the RSI can break below the 50 line as the downtrend continues.
My Take Profit Target will be between the 0.786 and 0.886 retraces below.
BTC - Four Hour Bear FlagSupported by the .382 of the 64.9-28.8K retracement zone; this is the classic bear flag look. The red line is the eight period exponential moving average (8 being a fib number) and the blue line as the the 50 period simple moving average. The Bollinger Bands are based on a 20 period median with 2 standard deviations as the upper (UBB) and lower (LBB) boundaries.
Despite everything - bearish case is still active!Despite all the fundamental things - my technical look on silver keeps still being bearish.
IF the XAG/USD manages it to make daily close above 24.82 USD and overcomes the 50's SMA, the 38.2 % Fibonacci retracement, and the channel I would see more upside and this could be the end of the bearish case in silver.
Otherwise, it's IMO more likely that silver will resolve the bearish flag by breaking to the downside and will reach some price quotes around 22.40-23.00 USD.
It Looks Like A Double Bottom But Very Likely Could Be A TrapI was looking at this earlier as a potential double bottom with bullish divergence and was looking to take a position after the sessions opened but after a few hours of waiting and letting the trading of this asset go on during the sessions i have not seen anything that would signal immediate bullishness.
I think that this "Double Bottom" Has potential to trap many bulls and instead send the price down to around $9.
The signal i will be using to enter short is once the MACD breaks the trendline and crosses bearishly i think we will see a nice move down to the $9s
PLTR Gap Fill after bear flag trapPLTR escaped a bear flag pattern, and a new short term pattern formed a bull pennant. Looking for an upward breakout to fill a gap at $26.40
AUDUSD on a bear flag 🦐AUDUSD on the 4h chart has recently break the bear flag,
The price after the test of the 0.618 Fibonacci level is breaking below the weekly support.
According to Plancton's strategy if the market will satisfy the Academy condition we will set a nice short order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
NZDCAD on a bear flag 🦐NZDCAD on the 4h chart has broke as expected the ascending channel.
The price is now moving in a bear flag and according to Plancton's strategy if the market will break below we will set a nice short order.
----
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> >4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
BTC Bear Flag on 4HBTC is forming a BEAR FLAG where I have highlighted in white. This suggests a move LOWER in price. The trend is BELOW the RED SUPER TREND RESISTANCE LINE and also BELOW the YELLOW 200 MA RESISTANCE LINE. This indicates a BEARISH forecast as long as the trend stays BELOW these RESISTANCE LINES.
Bear Flag pattern on LINK ! bear trap ? The pattern is clean. We are currently forming a bear flag.
The declining volume suggests that there is an imminent move.
The bear flag can be a really powerful pattern and someone who's able to spot it and then trade it can make some money
Bear flag Statistics:
Break-even failure rate: 2% in a bull market; 0% in a bear market
Average decline: 16% in a bull market; 25% in a bear market
Pullbacks: 46% in a bull market; 44% in a bear market
Percentage meeting price target: 47% in a bull market; 54% in a bear market