[BTC Intraday] This Flag actually is a continuation pattern?

15 feb 2019

Theoretically every flag is a continuation pattern, meaning it indicates just a short set back before the trend continues. I dont think thats true in general but this flag in BTC looks like it.

OTOH its testing the big resistance multiple times now, if we have a confirmed break throu that it will give one big push.
Volume is low like everyone is waiting for some signs. Moves in either direction are loosing momentum fast, never able to really break out of the pattern. The only big volume move was down, but looking at the move-per-volume it shows that this volume didn't really move alot, on the contrary. Based on the move-power of volume its building for a break upward.

BTCUSD

15 feb 2019

Nota

Longs are also building up factor 10 to shorts... everything looking like its about to break throu. And with all the other coins building up too, it may go big.

15 feb 2019

Trade attivo

There we go. Pushed throu the long term resistance. Lets hope it gets confirmed with closing above the resistance. looking good so far.

15 feb 2019

Nota

first break was rejected... but rejection didn't push throu support so pattern still holding. MovePerVolume is falling a bit thou...

16 feb 2019

Nota

market still waiting. but looking at the longs and shorts building up. and the big blocks flying throu the orderbook (walls of 500 BTC appearing and disappearing on both sides), i bet the move is happening this night.
some crazy vibes happening...

16 feb 2019

Nota

overnight the break throu the original resistance was confirmed, but market is still holding cause the 2 spikes moved the resistance further up. Still bullish with bit of air for the stops.
If you have positionsize left, the forming wedge might be worth another entry.

16 feb 2019

Nota

as BTC finally broke throu the resistance... again... we may see the expected push now... again... :D

18 feb 2019

Trade chiuso: obiettivo raggiunto

i honestly stopped believing it. but it was nice ;)