![Crypto trading 101: bull and bear flags; and what do they mean for the price?](http://bitcoints.com/wp-content/uploads/2018/07/Crypto-trading-101-bull-and-bear-flags-and-what-do-they-mean-for-the-price.jpg)
2018-7-21 15:18 |
If the participation increases, the asset price extends the bull or bear run, or else a trend reversal may occur.
Calculating the target
An asset usually mimics the pole after a bull flag breakout or bear flag breakdown.
The Bear Flag
Asset: Ethereum (ETH)
Timeframe: 4-hour chart
Pattern: Bear flag breakdown
In this case, ether broke the flag support on Mar.
Conclusion
Bull flags and bear flags can be a trader’s friend in strongly trending markets, but they do not always perform as advertised.
As a trader, you would want to avoid betting or punting on an asset price if the bull flag breakout of bear flag breakout is not backed by strong volumes.
Dix Asset (DIX) на Currencies.ru
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