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Pennantbreakout

bullish pennant on CME BTC futures, impending breakoutCME's front month Bitcoin Futures are poised for a bullish breakout and steep positive movement. After a downtrend, the futures have consolidated and started to form a pennant shape, which indicates that there will be a breakout and then a substantial up-move. The pennant has been formed with a series of retested resistance on top of the candles and sequential tests of the lower support. Pennants are particularly poignant technical analyses for the BTC, as they are more suited to shorter time intervals, like this examination. The impending breakout will occur near the apex of the triangle, but usually in pennant patterns the apex is not reached because the breakout occurs often right before the apex would be reached. After the breakout from the "flat topped cone" the bullish movement is expected to be potent.
CME:BTC1!Long
by LaurenTrading
4
BITCOIN in CRUCIAL Decision Right NOW - Will We Go To 10K?Dear Soliders, we are back with D4rkEnergY. The Unstoppable Force in the Universe, that can make space it self expand - and accelerate. And thats why he is here To help YOU with making money. He is here to SPREAD LOVE and WISDOM to everyone. When D4 looks at a chart, he sees a story. He sees the different players in the field, and how they have been acting. Then he interpretes the story, and based on the history he will predict whats going to happen in the future. Nobody is better than he is to predict the future. Nobody understands Bitcoin better than him! But HE is not selfish - cause he shares his knowledge here on TradingView with you guys - Our Army! Now lets jump right into it - we are here looking at the XBTUSD 4H chart Imagine a tank. That is the bulls. Look how we steady have continued up and foward - Thats how a tank operates. Its just continues, and every time the enemy tries to attack it, nothing happens. For the first in a while we are getting some resistance from the bears. You can see how we are forming a pennant/neutral triangle, which is a bullish a structure thought when we come from an uptrend. Please also pay attention to, which I pointed out yesterday, the bears havent had the opportunity to go and touch our lower blue rectangle. The Bulls simply bought up very quickly which means, that the bulls are strong, and they are simply ready to continue up. The Bears are slowly losing momentum. Volume is decreasing, which is normal when we are getting closer to the end of the pennant. Everything taken into account, right now it seems like we will go up very soon, and we will continue to kill more shorts. THAT has been the plan we have seen again from the whales! We are so close to 10k USD - D4 Knows that Whales and Exchanges wanna take us up above 10k USD, so media will pick up the story and normal average joes come into the market and buy the 5th wave! D4 Loves You <3 PS. Throw a LIKE and some LOVE to D4, and this will be OUR YEAR!
BITMEX:BTCUSD.PLong
by D4rkEnergY
15
Bitcoin Cash about to pump or dumpSince April BCHABC has been in an ever-narrowing range, between the 100 Moving Average and a clear downward slopping trend line. Both touches on the 100MA since April have resulted in a quick bounce up and we are just about to make contact once again... definitely something worth keeping an eye on. >>>If the pennant is to play out, target up or down will be around 60%. An excellent potential opportunity to increase BTC holdings. Save crucial space on your Trading View chart by utilising my free to use indicator which overlays both the RSI and Stoch RSI in a clear and helpful fashion - link below. Please give me a thumbs up and follow me if you found my analysis interesting. This is for educational purposes only and not a recommendation to buy or sell.
B
by BCryptological
BTCUSD 4H chart (4/19/2019)Good morning, traders. Many were scared off by yesterday evening's little drop. As we can see, price bounced just above the pivot closing above the 21 EMA once more. The short double bottom target, of the swing high denoted by the purple line/R1 pivot, remains at this time. The 4H Stoch RSI is nearing a bullish cross in oversold. RSI remains bullish at 56.8. The ascending dotted channel suggests that once price closes above its EQ, we should then see it targeting the channel's resistance. If price breaks through that resistance, then we should see it targeting the R4 pivot, around $6270, based on the channel's height. There is one more possibility -- that price has been printing a running contracting triangle as a pennant, which I will explain in greater detail during this morning's video. But what that means is that we could then expect to see a possible target of around $6800, at the top of the supply zone, based on the height of the flagpole leading up to that triangle/pennant. I know that such a suggestion hits the "outlandish" button for many traders, and I am not stating that we will definitely get there, but it is a possibility that's based on current price action so it can't be ignored. While it would violate the strongly-held emotional bias of the strength of $6000 as resistance which much of cryptotwitter holds dear, traders must consider that if enough accumulation has occurred, then it is possible for price to push through that level with more ease than expected. As such, traders would find it detrimental to ignore the level of likely FOMO that would ensue in such a situation as traders rush to get their orders in once they see $6000 falling instead of price being rejected as expected. This would follow the gold pattern that we have looked at before, and which I will discuss during this morning's video once more as well. It's up to you, as the analyst, to decide just how likely you think such a scenario is. I remain long at this time. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSDLong
by Chris_Inks
1
Chart Pattern: Pennant Short STNENASDAQ:STNE This is my first time doing chart patterns, but I think I am on to something here. We all know that STNE is a good long stock, but due to the recent bottom, it has been even more of a buy. If we look at the chart provided below, we can see that it almost fits the Pennant chart pattern. Im thinking once earnings comes, its gonna skyrocket all the way to $36.50, and then come down a bit due to people taking profits. Again this isn't really comprehensive and its my first time doing something like this so please take it with a grain of salt. Thank you.
NASDAQ:STNEShort
by NoProfitJustLoss
NFLX Breakout Coming, Upward Pennant & Supporting TechnicalsNFLX staged an excellent Christmas rally, but the steam got let out of the tires on their earnings call due to their cash burn. It seemed that everyone's favorite winner suddenly needed some reality to check in on its cash earnings. Fast forward nearly a month later, and fears of a recession are subsiding with the Nasdaq rising up over the 20 and 50 day averages and beginning to test the resistance on the 200 day. Maybe it's time for one of the Nasdaq darlings to begin to rally again? The price action has more room to run with an RSI just above 60 and the MACD histogram flattening out indicating that a looming breakout will be happening any day. ADX is still reading above 25 indicating a potential for a trend continuation with DI+ rising and DI- falling simulataneously to support the theory that the breakout will be an upward direction. Short interest has started to rise for the bears hoping for a downward breakout, but still firmly below 10% of the average daily volume and an increasing volume on up days has the appearance of bullish big money investors buying up. I have been holding since last week and anticipate some upward price action with a stop limit in place that I'll ratchet upward with a trailing ATR strategy for profit retention. If you agree with my theories, this could be a good buying signal, or you could wait a few days for confirmation before following on a future upward breakout.
NASDAQ:NFLXLong
by chuckination
Gold Pennant Pattern FormationA pennant triangle has formed indicating that price action will break out either above market price or below. Seeing as gold is currently trading at market highs, the stall in price action suggests it is losing bullish momentum and could therefore break downwards towards precious Support. Or as due to the longer term bullish trend line it could continue higher to new structure highs and therefore continue bullish trend. The blue arrows denote possible price action based on the Pennant pattern.
FOREXCOM:XAUUSD
by Mncotshe