BTCUSD - Bull Flag

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. We don't know when or where it will break along the top of the flag, but we do know by the length of the flagpole that the move should be at least $1,066 to the next target.

Let's see if it plays out.

Full Disclosure: Yes, I'm still very, very, very long.

Good luck!

تم فتح الصفقة:

I changed over to the 4 hour chart because the bots or bears or both started jacking up my earlier flag. I still see us going higher from here. It's just a matter of how and when. For lack of any better pattern this is what I'm currently looking at.

تعليق:

Of course that last 4 hour candle above could close as a Bearish engulfing of the previous candle so this could morph into some sort of Megaphone instead of a flag, pennant, or triangle. At least at the sub-Daily chart levels. I just don't see us hanging out here for days. Maybe we fall back and kiss the top of the bigger triangle and then continue North? Hard to say with so little information.

Good luck!

تم فتح الصفقة:

Here's a 1 hour look. Still waiting.....

تم حذف الأمر:

I think I'm going to give up this flag idea. Other patterns may be at play. I'm still long and will remain so on any pull back. But what I thought was a simple flag is acting weird so I'm not going to promote it any longer. I still think we are going higher, I'm just not sure when or how. I also assumed this thing would have broke North by now and it hasn't. So, something else might be at play.

تم فتح الصفقة:

The Bull Flag is now much better defined and hitting the Fibs to a T.

It looks like a break North will not be a problem. Also, we have less than 2 days left in the month. This may very well play out like the end of the last week. Push it down, push it down, push it down, and then rocket shot to the next level. Not only reking the Bears but closing above the last monthly high which will just give more validity to this start of this BULL RUN. I'm all in, have been for months. Even so, what other cash I could free up elsewhere I have already committed. All I can do for the moment is sit back and watch the fireworks and eat my popcorn. :0)

Good luck everybody!

تعليق:

I guess I should post a picture of what I'm lookin at. LOL

تعليق:

30 minute view

تعليق:

15 minute view. It looks like a break of the flag, touchback and go? Or is this a head fake? It would not be entirely out of the question to come back down and touch the 61.8 Fib but that is no guarantee either. You can only play what you see when you see it. Like I said. I'm in already, nothing I can do but watch. Good Luck.

تعليق:

Man this thing is taking forever to make up it's mind.