So, BAND decided to go into a bullish continuation pattern it seems - and it is sitting above the flag formation in a breakout fashion right now.
My measurements on the flagpole give roughly a 50% move - where I do have confluence with fibs at around 18 bucks.
There are upper targets beyond that, but for the purpose of this idea of a bull flag breakout - I am saying go for about 50% at around 18 bucks.
I'd keep your stop/loss somewhat tight on this, however, because volume is still quite low.
Thank you and enjoy profits if this continues to break-out!
My measurements on the flagpole give roughly a 50% move - where I do have confluence with fibs at around 18 bucks.
There are upper targets beyond that, but for the purpose of this idea of a bull flag breakout - I am saying go for about 50% at around 18 bucks.
I'd keep your stop/loss somewhat tight on this, however, because volume is still quite low.
Thank you and enjoy profits if this continues to break-out!
تم فتح الصفقة:
They are trying to shake people out of this it looks like. They brought the price action back into the flag. It is looking a tad shaky, but will look to add if they take it down.
تم فتح الصفقة:
Just as above - the breakout failed and went back into the flag, where we've tested the bottom of the flag a couple of times since then. It'll be nice if this holds up.
أغلقت الصفقة: تم الوصول لوقف الخسارة:
Stop wasn't actually reached - but bitcoin looks like it has formed a double top - the daily closed as a shooting star. I would not have any open positions personally.
تم فتح الصفقة:
OK - We found support in the local 618 pocket - and just did a short term down trend break - looks to be back on track!