What do you think?Given the macro economic outlook this could just be a large oversized bear flag. What do you guys think I am new at this and this is my first post. Please I would love advice! Thanks :)
Bearflagpattern
BTC Bear Flag and Rising ChannelsAs you can see, we are in a confirmed two-layer ascending channel structure.
We have already been rejected by the ma200/W.
This decline brought with it the bear flag formation, which is a continuation / decline formation.
As for the ascending channel breakout, it looks like it will show us a deeper bottom.
Bear flag forming on Mattel $MATLooks like a bear flag may be forming on the daily chart of Mattel. Waiting to see if there is a breakdown of lower trend
Is the merge the catalyst of the ETH flippening?It is incredible to see the spotlight on ETH as the MERGE is all the talk on Bloomberg and CNBC. This narrative will only get louder as we near the long awaited celebration of POS.
Daily Transactions on network: ETH 1.3m BTC 225k
ESG Goals: ETH will be 99.95% more efficient than Bitcoin. Bitcoin, is still being mined by China Coal - *Bloomberg Citation
Total Value Locked: ETH $34.1b Billion, Bitcoin $0
Staked: ETH has over 11% of circulating tokens staked. Bitcoin has 0 staked on network.
Hodling Rewards: ETH Staking Rewards are estimated to be 5.5-13.2%. Bitcoin does not reward holding with passive yield.
Tokenomics: ETH will be cutting new issuance by 90% (equal to three bitcoin halvings). While burning ETH in every transaction making it deflationary. Bitcoin is increasing supply for another 140 years as the underlying supply inflates. Deflation will decrease supply of tokens making the price of eth rise. Bitcoin increasing the supply of tokens will make the price of bitcoin drop - (Miner pressure). Bitcoin would need to see over $20m of inflows daily just to break even due to mining selling pressure. Just because there is a cap, does not make Bitcoin protection against inflation. Bitcoin itself is inflationary like fiat.
Security: According to the report just released by ConsensSys today, Ethereum's network post merge will be up to 20 times more secure. Eth2.0 is significantly more secure than Bitcoin, as for $3-13 Billion USD (chump change for America/China/UK/Australia/Japan etc) Bitcoin's network could be taken out with a 51% attack. There is a misleading idea that to have a 51% you would need 51% of the tokens, this is incorrect. As for eth, you would need over 51% of the validators. ETH is more secure, as a malicious actor would need to spend billions on acquiring more eth, to then run more validators which would make the price of eth skyrocket ever more. Possible yes? Realistic LOL no, as all the while they will run the risk of getting their staked position worth billions slashed, which again would lead to more eth scarcity bringing the price up ever higher.
Future outlook: Bitcoin is done as upgrades are ill advised. If Bitcoin were to be fixed (POS) the network would fork again as the miners are making fortunes dumping newly created (inflation of bitcoin supply) tokens onto bitcoin holders daily. ETH post merge, has a lengthy roadmap that includes sharding, this will finally tackle the fuel fees (making the cost to use the network significantly more economical), increase scalability, speed and capacity of the network.
The next comparison we should investigate is the trend as far as market dominance is concerned:
Likewise, we can see the recovery in ETH has been superior to BTC. In fact it seems that on days we drop, like yesterday Bitcoin falls harder, while on positive days Ethereum outperforms.
As I stated Ethereum has the Alpha. That analysis is linked below (Related Ideas) for those interested.
Jung stated that for a tree to reach heaven, its roots need to grow to hell. Likewise like everything in crypto: IT WILL EVENTUALLY CRASH
I do not recommend chasing price. I already am long, however I plan to add to the position in the buy zones as labeled below. If we break above the EMA ribbon, I then simply plan on buying even at a higher price & then letting the winner run:
Let's talk about practical utility.:
--> Bitcoin does have use in El Salvador, and the finance minister Alejandro Zelaya said bitcoin adoption has been beneficial to El Salvador's unbanked population. Citation available below.
-->Visa and Mastercard announced settling transactions with the ETH token USDC. " The credit card provider that moves billions of dollars each day in 200 markets today announced it accepted the first settlement payment in U.S. Dollar Coin (USDC), a cryptocurrency pegged to U.S. dollar in a 1:1 ratio, from its global crypto wallet partner Crypto.com over the Ethereum blockchain. " Citation available below.
-->The European Investment Bank (Partnered with Goldman Sachs) issues its first ever digital bond on the Ethereum Blockchain. " The EIB launched a digital bond issuance on a blockchain platform, deploying this distributed ledger technology for the registration and settlement of digital bonds, in collaboration with Goldman Sachs, Santander and Societe Generale. " Citation Below.
--> The Reserve Bank of Australia released the positive results of their research project " The project involved the development of a proof-of-concept (POC) for the issuance of a tokenised form of CBDC that could be used by wholesale market participants for the funding, settlement and repayment of a tokenised syndicated loan on an Ethereum-based DLT platform ." Citation Below
Citation:
China Coal * www.bloomberg.com
El Salvador Finance Minister www.bloomberg.com
Visa Will Start Settling Transactions With Crypto Partners In USDC On Ethereum www.forbes.com
The European Investment Bank Digital Bond www.eib.org
Reserve Bank of Australia Public notice www.rba.gov.au
Project Atom Research Paper www.rba.gov.au
🚩 Bull Flags VS Bear Flags🚩What is a Flag Pattern?
A flag pattern is a commonly observed technical analysis pattern used to identify potential continuation of current market trends.
It is characterized by a period of consolidation, where the market experiences a relatively small range of movement, following a significant price movement.
This pattern is formed as the market returns to a state of equilibrium, following a large move. The flag pattern is considered a continuation pattern,
as it often indicates that the market will continue to move in the same direction as the preceding trend, once the flag breaks out.
This breakout typically occurs when the price of the security breaches the upper or lower boundary of the flag, and it is usually accompanied by an increase in trading volume.
📈📉The difference between a Bull flag VS Bear flag
The difference between a bullish and a bearish flag is in the direction of the price movement. With the bullish flag, the idea is to participate in a strong uptrend. Meanwhile, with the bearish flag pattern, the idea is to trade short in the direction of the prevailing downtrend.
- Downtrend vs uptrend: Bull flag and bear flag are both continuation patterns that form when the price of a stock or asset pulls back from the predominant trend in a parallel channel.
- Bull flag: A bull flag is a sharp, strong volume rally of an asset or stock that portrays a positive development.
- Bear flag: A bear flag is a sharp volume decline on a negative development.
- Bull flag and bear flag share the same traits: Traits of Flag Patterns include support and resistant levels, flag, flag pole, breakout points and price projections.
📍Entry opportunities
The most important component of any flag pattern trade is the entry. It’s generally advisable to wait for a candle to close beyond the breakout point before creating any orders to avoid being burned by a false signal. In the example above, the entries are made on a High risk - High reward mindset with stop loss bellow the flag pattern. Most traders will enter a flag pattern trade on the day after the price has broken beyond the trend line. The length of the flag pole is typically used to calculate the profit target. Even when the formation of a flag pattern is obvious, there is no guarantee that the price will move in the expected direction. As with most technical analysis, you will get the best results from flag patterns by applying them to longer-term charts as you will have more time to consider your strategy and analyze the price action.
👤 @AlgoBuddy
📅 Daily Ideas about market update, psychology & indicators
❤️ If you appreciate our work , Please like, comment and follow ❤️
$META Bear flag on 5 min$META Bear flag on 5 min, with TF continuity on the daily, 4h 1h
Price targets: $124.16, $123.67, $122.60
Could $XLE be making a bear flag?A break and close below the ascending channel could mean that $XLE could be around $76.4 in the near future.
Some support areas to keep an eye on are $81.9 and $78.9.
One to keep an eye on!
GBPJPY SHORT TERM TRADEGBPJPY shorts playing out with bearish momentum from last Friday
Minor retest on the lower timeframe forming a minor bear flag which broke and retested hence my high risk to high reward shorts.
Looking at price to retest its lows again whereby i will take partials or full profits at 165.00.
BTC: FORMING BEAR FLAG IN LTF!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this quick BTC update.
BTC is not looking good in LTF. It is forming a bear flag in 1hr time frame which is a bearish pattern. Price is still inside the flag. Once it breaks down the flag we got more confirmation of a downside move. If BTC breaks down this bear flag then the possible target is $15.8k-$16k
Invalidation:- Any hourly candle close above $17k
If you like this quick update then hit the like button.
Also, share your views in the comment section.
Thank You!
$tsla - falling wedge inside of a bear flagcould go either way depending on market sentiment next week, although price action leans very bearish... especially with elon selling.
WATCH $DOWBearish
- Double tops
- Broke neckline
- Bear flag
"Slowly is the fastest way to get to where you want to be"
Another huge bearflag forming.Seeing as it was 6 months ago that the 200MA on the Daily was touched it makes sense for the trend to gravitate towards it now. This does however coincide with a near perfect bearish bat Gartley harmonic and when the 200MA target is combined with the bearish bat and the chart is turned upside-down, yet another huge bearflag can be seen, which target coincides neatly with the 0.618 retracement Fib.
Ethereum as well the bear rally isn’t overSame as bitcoin. Everyone should be familiar of this pattern; after the retrace of the bearish and formed another bear flag.
Should expect the big drop also along with the big crash as I forgot to mentioned, if your waiting to buy then it’s time to be patient of the lowest price buy zone.
ETH: buy around 600-500 area
BTC: buy around 10-13K area
BTC Bear Flag Forming on 1 & 4 Hour Chart - Target $17k to $12KWas trying to do a video of this to publish but am having issues with the TV recorder not uploading properly.
Hopefully the Mods are ok with me posting this link of my analysis: www.screencast.com
Basically I'm seeing an obvious Bear Flag pattern which has been building the past few days and best seen on a 1 Hour / 4 Hour chart.
I'm expecting a push higher to the $24k area, and then a rejection there which will be followed with more selling pressure down to the lower support range, which ultimately breaks and heads lower to the 300 week Moving Average now around $17k where we should see some kind of relief rally and Bull Trap price action higher.
However, with all the terrible economic news and an increasingly likely full basis point rate hike later this month of 1%, we'll see the markets head markedly lower with Bitcoin heading down to test it's 400 week Moving Average for the 1st time in it's history.
I'm also thinking that we'll break below that and test the psychologically important $10k level, and a likely Market Maker induced price drop below that to either cause or as part of a final capitulation move to the last remaining unfilled CME gap around $9750 to really flush out all of the retail buyers, and even triggering more liquidations before we finally put in a bottom around here.
Let me know your thoughts, comments, and feedback below!
Trade smart. Not Often.
- Brett
Easy Trading Setup For Gold – Bear Flag In The 4-Hour Hi Traders,
Looking at GOLD today which has been falling.
We have the DXY breaking out of an eight-year range, which has investors concerned and this has resulted in the commodities market falling.
We have a bear flag on gold in the 4-hour time frame.
I will be waiting for an impulsive break of the bottom-most support area of this flag.
I need to see strong volume accompany this break. Once I see this, I will wait for a small retrace back into the support zone before entering my short position.
My target will be previous weekly support.
I’m looking at a possible risk to reward of 1 / 4 with this setup ( Assuming all my criteria are met for my entry )
Let's keep an eye out for this pattern.
Hope you all have a great Thursday.
The Vortex Trader
BitCoin 4H Bear Flag with Continuation to Downside at 14k?Bitcoin has entered a Wedge / Bear Flag on the 4H Time Frame.
With continuation bear market sentiment, and statistical probability that this will break to the downside, the target is 14.3K based on the height of the wedge, or 27.4k in the unlikely situation we get a temporary relief rally, which would then meet with resistance at 29-30k based on the POC from the VPVR and Fibonacci levels.
Since the entire market seems to be waiting for a further downside leg, and we are approaching the end of the 60 day cycle (with credit to Bob Loukas cycle analysis) it seems we might finally get the 14-15k target everyone that is stacking cash is waiting for.
If we do hit the downside target, it is definitely time to stock up, as this could represent a solid local and maybe even cycle bottom!
Bitcoin can move this week!Hello Friends!
We can see a move to the upside or downside this week for Bitcoin. It’s trading in a wedge; a breakdown or breakout can target two zones (downside $17-18K/upside $25-$26K).
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
*This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
We have a huge bearflag forming on the inverted chartAs the title says, when the chart is flipped a fractal from the smaller bearflag (the smaller falling wedge in this image) is forming as a part of the, soon to be, greater bearflag. The target for this flag is around 10k.
Bitcoin needs to break the 200 week!Hello Friends!
Traditional markets are closed tomorrow (6/20/22) and BTC might have an extra day for some positive gains/reaction rally. Be careful here, the macroeconomics are not supporting crypto or traditional markets.
Let’s look at some levels to watch. The 200 week ($22350) is the biggest level for BTC to target in the short term. $19,800 (December 2017 high) must be held to support any traction up towards testing the 200 week. If $19,800 can hold support, keep an eye on $21,940 on its way to the 200 week.
Also, keep in mind that this current drop is coming off a massive bear flag break. If this flag plays out fully, BTC can further drop to the $12K to $14K zone.
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
*This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
More bearflagsWhen the chart is inverted a bearflag is shown. The flagpole extrapolation is shown with the yellow trend lines of equal length.
