Hi Steemians, Facebooker's and Twitterer's, I have decided that I'm going to post one article every second day on Technical Analysis as we can all benefit from it I'm sure, so here it goes.
The flag pattern should form in what looks like a rectangle boxed in. The rectangle forms by two parallel trend lines that act as support and resistance for the price until the price breaks out of the rectangle, that will trigger a buy or sell opportunity.
In a normal organic formation, a flag will not be perfectly flat but has its trend lines slightly sloping in one direction depending if it is a bullish or bearish trend at that point in time.
Once again in a organic marketplace the direction of the flag should determine the direction of the breakout, in other words, if the slope is in a down trend, once it breaks out of the last resistance it will be a bullish buying opportunity, obviously if it were the other way around, then it would be a bearish shorting opportunity, or you may also want to sell your shares and re enter as you know there should be a better price coming.
A flag is usually more powerful in ROI terms when you mix it with volume, if volume is increasing, someone was bagging it up, someone who knew of news before it was released to public, if the volume is down trending and you see a bearish flag formation, then someone was offloading their bag hold.
I have used some info from online sources to simplify this as much as I can.
Rev Nissan
The analysis is perfect, but I believe it would be nice to see some real case. Majority of people that start to invest need to learn these type of analysis, maybe with real case scenario they will pick up info much faster.
In particular with crypto and accumulation strategy, flag formations are a really powerful indicator :)
100% i will work on a live video once i find a flag appear on my personal fb profile
Subscribed to you because of your Facebook post in the Crypto club group. Nice Steemit blog.
thanks rev for the TA guide.got 1 step further learning TA. You always do share awesome and useful info on fb and steemit.
Thanks again
Peace out🎩
Can you please explain with more graphical illustrations because for beginners it is difficult to learn.
Always interesting and clear!
Cheers for the nice information :)
Your welcome
Fuck of it was shit!
Get to the 'real talk fundamentals'. LOLOLOL!!!!!
Very informative analysis, keep it coming bro. and the community will be encouraged and challenged more on crypto trading.
It's becoming a household thing.... and you know what happens when that happens 😉
@ revnissan where do you like to do your charting?
Coingy and cryptowatch for btc
Thanks for the explanation bro :) even it's kinda hard for someone newbie like me :(
meep
Good stuff! U got my 100% vote, Rev.
Sucks to be that brainwashed.
Man.. Thanks for all your help.
Who needs to fucking go to school when we have Steemit. ;)
Do not base your trading decisions off flags. Look for the fundamentals for long term.