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Flags

MATIC is a beast. Up over 600% since mid MayMATIC is an interesting coin. Backed by Coinbase Ventures Since early May, it's up over 600% Fairly high circulation of 2,160,114,068 Highest BTC paired volume on Binance by a long shot You can see from the common patterns it's formed, it appears to be quite a predictable coin. Bull flags have ended with breakouts. Bear flags have ended with a fall. Currently trading at 0.03c or 393 sats. We have very limited data and nothing in the current ranges to build levels from, so FIBs are probably best bet, or you can follow the chart patterns it continues to form, between parabolic periods. As a comparison purely between circulation and price of other coins. I like considering things from supply and demand point of view. Coin / Circulation / Current price Ravencoin - 3,580,425,000 - $0.05 NEM - 8,999,999,999 - $0.08 Stellar - 19,264,708,627 - $0.13 Cardano - 25,927,070,538 - $0.83 At this point, no logical thinking trader would FOMO into this thing. When MATIC, reverses it should be quite a lengthy pull back. But I like that the movements seem to follow predicable 'as expected' common chart patterns' and will look for a lot more opportunities to score wins with this coin in the future.
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by CryptoKujira
1
Long XAU/USD?Let's be honest, so far this year and for the last few years gold just hasn't performed. However, this may be an opportunity for a bullish turnaround. Fundamentals - Gold is largely tied to the performance of the USD, which explains its bearish trend this year - Powell is expected to continue the hiking cycle into 2019, however their have been rumblings about a possible slow down in the pace of hikes This possibility has arisen because of the flattening of the 2s10s yield curve, an early indicator of recessions on inversion. The Fed is likely to continue hiking, but may slow their pace to avoid or mitigate the risk of yield curve inversion. - The result: USD would weaken, interest rates would not be as steep as initially priced in. This is bullish for gold and provides some relief to battered emerging markets, however the trade war leaves much to be debated on that front. - Gold could see a resurgence towards May levels on dollar weakness - Additionally gold prices tend to rise post August, largely due to wedding season in the east (India in particular), increasing gold demand. What about the Technicals?? - If the waves are correct, we are seeing a corrective pattern post the 5th wave on a bearish run. - Often this corrective pattern could lead to more bearish undertone, but it looks as though a bullish flag has formed, indicating another leg up for XAU. - Search for the bullish breakout and ride the wave!
OANDA:XAUUSDLong
by OnyxTrader
USDCHF One Or Two More Moves Before The Big Break?On the daily time frame USDCHF broke out of a 3 wave structure and is currently forming a flag above this structure. A break of this flag to the upside should indicate the start of the move which will complete the larger structure on the weekly time frame. This smaller flag formation needs to complete either a 3rd wave down and break up or 5 waves in total before the break to the upside. Direct message me for any assistance required Cheers Linton
Long
by Linton_White
1
Support and resistance lines converge - is it a flag? (BTC)Hi guys! I found an interesting pattern in Bitcoin 0.68% right now. There is an ascending support line and descending resistance line. I've been trading on them successfully right now, placing buy orders on the low support line and sell orders on the top resistance line, and it worked! Those lines were able to predict them very precisely! So this is nice strategy that worked! Is it a good strategy overall? I want to know since I just started trading :-) But now, those lines are going to converge! I suspect I've seen this pattern somewhere, but I don't remember where. Is it a bull or bear flag? Any directions are welcome. Thanks and have a nice day! Tomas PS: posting again to add bitcoin flags... the original post is here: (it's kinda unfortunate that you can't edit your posts, not even add tags 15 minutes after publishing. So it forced me to duplicate my post)
by telensky
BTC Breakout!BTCUSD Bittrex 1D up to 14MAY18 1D Chart, also works on 4H, at this time BITCOIN (BTC) has been floating on Resistance line since April 6, gaining strength to go up. Besides, based on the Elliot Waves Triangles we are entering at a CONTRACTING BULL MARKET. This means that the following days we will be seeing how the BTC easily reach 10K. Based on the VOLUME MACD the market was preparing to make the bars great (GREEN) again. On the other hand, we can see how the Stochastic RSI Index shows us how the market reached bearish. And after a bearish comes to bullish, and vice-versa. 1D Chart, también funciona en 4H, en este momento Verge (XVG) ha estado flotando en Support line desde el 6 de Abril, gangndo suficiente fuerza para aumentar su valor. Ademas, según triángulos de las Elliot Waves estamos en CONTRACTING BULL MARKET. Esto significa que los próximos días estaremos viendo como el BTC faácilmente alcanza los 10mil. Basado en el VOLUME MACD el mercado se esta preparando para colocar las velas en verde. Tambien podemos ver como en el indice Stochastic RSI el mercado ya esta en bearish y despues de cada bearish se convierte en Bullish y viceversa. "Bitcoin will do to Banks what Email did to Postal Industry / El Bitcoin 1.63% le hara a los Bancos lo mismo que el Correo Electronico hizo a la Industria Postal" REMEMBER: I am not a financial adviser nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. RECUERDE: No soy un asesor financiero y el contenido de este artículo no se presenta como asesoramiento financiero. La información provista en esta publicación de blog y cualquier otra publicación que haga y cualquier material que la acompañe es solo para fines informativos. No debe considerarse asesoramiento financiero o de inversión de ningún tipo. Se debe consultar con un profesional financiero o de inversiones para determinar qué es lo mejor para sus necesidades individuales.
B
by gabrielgars
BTC Stophunters/Flagcityophunters are real quys, perfect example of a beautiful flag setup dipped hard below support right before the breakout. You could tell that once we got huge sell volume on the 2nd smaller flag the run was over for the most part. That's where clean flagging turned into choppy channeling. Keep strong hands manipulation is strong atm. Rising wedge currently breaking out most likely a bull trap as the second half of this Bear Flag is much smaller than the first leg down.
BITSTAMP:BTCUSDShort
by Gweilo