DLavrov
Panjang

Bitcoin Flag Pattern

POLONIEX:BTCUSDT   Bitcoin / Tether USD
If we look at the 1H chart of Bitcoin             , we can see a flag pattern . It a short term continuation pattern that shows a small consolidation before the further price movement. We should expect the price breakout through the signal line of the flag pattern and upward movement. Level for placing pending orders for buy must be above the signal line. Stop orders should be placed below 3140.00 level. Profit target is near the possible reversal zone formed by the up border of the ascending channel from the daily chart and 3500.00 resistance level . If the market drops below the flag, we'll see downward movement to the support zone .
Komen: If you open long trades based on this breakout signal, you should be careful. Watch for price action near 3300.00 level. The market will have to break this level for confirmation further upward movement. If the market reverses from 3300.00, you should be ready to exit and wait for new trading opportunity.
Komen: The market does not show strong upward movement after the breakout. You can exit from the long trades and wait for new trading opportunity.
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Idea Berkaitan

you is the best!!!
Balas
Thanks! I am curious about where the upper border of the ascending channel comes from, would you like to share a zoomed out pic?
Balas
Tks a lot
Balas
thanks so much for the recent etherium chart---I bought in about a week ago, on your suggestion at 219...it went down about 10.00 and now, I'm a happy man!
Balas
I exit my position last night :(
Balas
it's happening!!
Balas
He is always awesome! Mastermind in Cryptocurrency.
Balas
I see a pennant more than a flag now and its close to breakout.
Balas
BTC some days up so much, they scare to buy BTC because we dont have information about this. This time i think we should be invest index BTC we can buy or sell.
Balas
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