BTC stuck in a bearish flag after a bearish flag CPI data coming out in 2 days
DXY not topped out, 118 is my target, currently at 107
150k BTC dump from Mt. Gox August
200 WMA is now resistance
Bearish Flag
[Bitcoin] Convergence upward breakthrough!! Resistance LVL?#Crack #Bitcoin #Binance #1D
After the progress of the two large trend continuation patterns, convergence appeared again, but the bullish breakout with a strong bull candle.
In the big picture, resistance can be expected when the orange long-term support line has moved bearish, and when it rises again, resistance is expected.
We can expect resistance around $24,189.88, where the orange trend line and the light blue Fibonacci trend extension level of 0.382 overlaps, and we can expect resistance at $25,890 in case of overshooting.
If we look at the chart a little closer, there is potential for resistance on the orange long-term trend line, so we will respond with the possibility of a bullish channel in mind, despite the upward breakout of the convergence.
If you look at the first picture, it is a bullish channel with a narrow fluctuation range drawn as a wave created after the bottom is perfectly formed. In this case, there is a resistance section at $22,856-$22,984 below the orange long-term trend line. We can expect a bullish trend towards $15,507 or $11,497-$10,909.
If you look at the second picture, we see the possibility of a bullish channel with a large fluctuation based on the high made during the 13day decline. In this case, after breaking through the orange long-term resistance line, resistance remains open to the $25,890 level mentioned above.
If $25,890 resistance is found, it is necessary to check whether the orange long-term trend line is supported or not, and if the support is successful, the possibility of continuing the bull trend should be left open. We can expect a drop to $10,909.
- summary
From a long-term perspective, the important intervals are $25,890.65 and $24,189.88.
From a short-term perspective, the important intervals are $22,856-$22,984, $25,890.65
When resistance occurs at $22,856-$22,984, sell response after checking whether the bullish channel has broken
After resistance at $25,890, if support succeeds at the orange long-term trend line (near $24,189.88), buy response; if support fails, respond sells.
EURJPY - Bearish FlagCounter-trend traders can wait for a shorting opportunity at 138.81 to fulfil a potential Bearish Flag Pattern. This could be the most volatile trade compared to the Shark Pattern.
Although the Bearish Shark Pattern is a more conservative setup, that doesn't mean it won't be profitable. Should the candle break and close beyond the first red box, traders can wait for a candlestick confirmation at 141.81 to engage this harmonic patterns.
Bitcoin set for reversal around 23250We have a bearish butterfly showing on the Bitcoin chart. We will see it reach Fib extension 1 at which point it will have reached the highest point of the bearflag, thus reversing and trending towards 11k over the coming days.
BTCThis can be a bear flag and also BTC got make Swing Failure Pattern.
Last Day Candle bearish doji
Target of Bearish Flag pattern 12K
GBPNZD I Approaching Resistance Zone Welcome back! Here's an analysis of this pair!
**GBPNZD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Ethereum: Bear Flag and super Bearish fundamental environment.Bearish Bitcoin, Bullish DXY, Bearish Bitcoin, Hawkish federal reserve and Fed tightening the balance sheet? very clear we gonna have a huge pressure on Ethereum bulls. Thus on today's trading session we are monitoring ETHEREUM for a selling opportunity around 1200 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
[Bitcoin] Worst 3K? Expected support identified by bear trend #Crack #Bitcoin #Binance #1D
We explored all possible support zones using bearish continuation patterns and their Fibonacci extensions.
Please take it lightly, as it is only analyzed as a Fibonacci trend extension of bear trend patterns without any other technical analysis.
Sections containing the Fibonacci trend extension level of the large turquoise bear trend are marked in red, and sections not included are marked in orange.
Continued bear trend patterns are emerging, and as the bear trend is still in progress and triangular convergence is underway, I think we need to prepare for an additional bear trend.
In the case of a rebound without further decline, it seems safe to buy after the $19,828 upward stabilization and conservative $21,654 upward stabilization.
BTC Symmetrical triangle or a bear flag? I'm looking at 6h time frame and have noticed a bear flag the the mentioned targets and at the same time a symmetrical triangle with the targets mentioned on the chart.
USD/JPY: bearish flag channel + SHS U.S. Dollar forming a bearish flag channel in H2 timeframe, you can to view in H1 too, but in H2 we see one thing very good in this analysis. Because in the price action, we formed now a bearish engulfing pattern. But into this price action, we see a bearish flag in formation that the price could to drop. And right now, we forming a Shoulder Head Shoulder (SHS) that it's in formation and we have this chance to put a short position in USD/JPY. Also, we could to put a short position in USD/CHF as USD/CHF will drop too. But in my opinion for USD/CHF it's that if we like to short this par, the price need to break out the demand zone, but we could to have this opportunity to short. But in USD/JPY it's very more clearly than USD/CHF that we could to find a short position in the good point now.
Shoulder Head Shoulder and my projection to $132.20 JPY.
i put a sell order limit to $135.12 JPY and target to the $133.80 JPY (support in the EMA 200) and Stop Loss to $135.68 JPY.
This it's a risk/benefit of 1:2.
Good luck!!!
Another measured move. Bear flag. Measured move as illustrated, shows that we have fulfilled the projected length based off the previous retracement before the flag formed, aka the "flag pole"
EURUSD Bear FlagsHey traders. in this week we are monitoring EURUSD for a selling opportunity around 1.061 zone, once we will receive any bearish confirmation the trade will be executed and shared on the premium channel.
EURAUD I Swing Downwards +100 pips!Welcome back! Here's an analysis of this pair!
**EURAUD - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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BTC Potential short term upsides before dropping on july FomcHey traders, above is a technical overview on BTCUSD and the most important zones to watch, we are watching Bitcoin for a short term buying opportunity around 20.3k zone before considering to sell around 22k-23k as a proxy to fed tightening the Balance sheet. once we will receive any confirmation the trade will be executed.
Trade safe, Joe.
LINK struggle inside 2 patterns#LINK/USDT
$LINK is inside long term falling wedge pattern, and in short term time frame there is a parallel channel that can act as bearish flag.
🐻 close a daily candle below lower line of parallel channel can drop price to lower line of wedge that is around $3.
🐮 but if price hold the ascending channel and break out from upper line of wedge, it can fly to resistance zones around $11 and even $14 and $17 in longer term.
An update to the bearflag formationAs in my previous post, this is still the formation of a bearflag, this however is the image with the wedge updated as of now.
Grab 131 PIPS quick!We see a flag break, which means more continuation to the downside. Don't miss the train!
A bear flag in Platinum!Platinum looks interesting right now. On a 15-min chart, we see price in a bear flag pattern. On top of that, Relative Strength Index (RSI) shows waning momentum, adding evidence to a potential price breakdown.
Couple this with a longer-term daily chart, prices are trading in close proximity to a long-term support level of 914 & 883. With the 914 support level broken once last week.
We expect some downward pressure on prices in the short term, favoring a short position.
Entry at 936.7, stops at 945. Target at 914.
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios.
BTC: BEARISH PATTERN IN LTF!! WAIT FOR BREAKDOWN!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this quick BTC update. Our previous analysis went perfectly accurate. We told you to open a long position when BTC was at $18k and pumped to the $20.8k level from there. Hope you guys make good money.
Now, BTC is forming a bearish flag-like pattern in 1hr time frame where we still did not get the breakdown. We might test one more time to the upper trendline of the flag which is at around the $21.2k level and after that, it starts dropping.
I'm waiting patiently for a clear breakdown of this bear flag for opening any short position.
Invalidation level:- If it breaks the flag to the upside then this pattern becomes invalidated.
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BTC what is coming 2Hello Birdies,
So all the moon boys were rekt I guess :) But yeah we nailed it to the wick the figures which we gave in the last idea hit to the decimal.
So where we are heading now? Let get to the chart.
The previous support(by fib channel) is now acting as resistance the redline and fib 0.786 is giving support for now.
We may see a little retracement upto 30,500 or if it plans to do a good correction than to 31, 300
As Per our chart the critical support is at 28700-28940 price is still holding above it but the bear flag at H2 is going to destroy it.
IMHO, the BTC is getting rejected at the support of 30k twice already if it didn't go up in a couple of hour we are going to lose 28700 too.
Weekly bear flag on BTC. A weekly chart on BTCUSD filtering out the noise. Clearly you can see the difference between first touch and bull flag (descending channel) followed by breakout to test ATH before touching 33k and now forming bear flag (ascending channel). This is a sign of upcoming downwave in BTC in the upcoming months if the price action breaks out of the channel downwards. Long story short, filter out the noise and pay attention to the charts.
Disclaimer: An educational idea only. Not a financial advise. I hold no personal positions in BTC
