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Bearflagpattern

Bitcoin Bear FlagBTC continues to show weakness in the descending channel it entered late last year. Markdown pricing in the face of year long lower volume with no significant relief rallies or reversal potential. Price movement within $3k ranges ultimately breaking down further. Bear flag looks like PT bottoming sub $20k with wicks down to approx $14k. Potential to go lower exists given institutional capitulation hasn't yet occurred while economic headwinds are building. Retail is bloated with inventory, corporations are adjusting guidance as quarterly earnings disappoint, GDP has been revised down with technical recession declaration possible as Q2 closes. Fed FOMC meeting next week with the first securities coming to maturity and QT beginning in earnest... rate hikes are only 1/2 of the tightening monetary policy equation, with nearly $9 Trillion on Central Bank balance sheets starting to unwind beginning 6/15.
COINBASE:BTCUSDShort
by R0MM3LL
1
Head and shoulders bear flag Short $NueNucor was driving me nuts the last 3 months constantly setting all time highs (while the rest of the market bled out) when their last earnings had lowered guidance that would have crashed any other stock. Twice at new records I bought puts, but chickened out and sold early for losses when they kept rebounding back to new highs again. Anyways I saw the same options today worth a couple grand more than i sold for, and that’s with theta decay of short dated options. So I did some TA and belief the risk reward is still worth buying puts or shorting, especially if you catch it when it’s going up. So anyways, from a TA standpoint they are a little overextended and just finished an a 12345 motive wave and an ABC corrective wave pattern so the first couple leges could be choppy before the next drop, but it’s coming. The target of the bear flag was roughly the same as the head and shoulders: Analysts give it a fair price of $60, I have it crashing to $95 minimum(the measured target). Hopefully it goes further. Got myself some puts one more time, and as usual they are starting off up. I’m not going to paper hand this time. I believe in the TA. I respect the patterns. I trust the fundamentals will bring the price where it belongs.
NYSE:NUEShort
by BrianVS
2
BTCUSDT - up and downI have been viewing the last weeks (since the Jan low) as a reversal pattern, with higher highs and higher lows on a weekly and daily time frames. We are currently trading under significant multiday averages (20, 50, 100), and bounced off the 38200 level. The current channel looks like a giant bear flag. We might break down further from here towards 36k and then 30k. I am not short yet, and I am hesitating to go short due to the fact that I am fearing rally here. The reason I am expecting this rally is because in this channel, which looks like a giant bear flag, we have been creating higher highs and higher lows on the weekly time frame. We are not on the lower border of the channel and unless we brake below it soon I dont think we will see 36k for some time. I will place a pending short @ 38700. SL 40000 TP 38000 I will also place another pending long @ 39600 SL 39000 TP 42600
by Scribes
GBP / JPY 151.344 -0.35 % SHORT IDEA * TREND CONTINUATIONHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. LOOKING AT THE POUND / YEN * A beautiful break below the support level triggers this trade, we saw a breakout of an ascending channel that saw significant momentum toward the downside. - Short term the pair looking for a momentum continuation possibly signaling a strong bearish momentum on the 4h chart this this stands from the bear flag we are currently trading in, a break above second plan comes into play. - Looking for short entries on GJ this week should all the rules of the formation be met. lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
Short
by PULEMokhothu
Bitcoin's Big Build-Up!Bitcoin is rangebound. This is the prime technical case we've been working on over the last weeks. It has blown one chance after the other at breaking out, and it's now entirely confirmed that its consolidation is steadily building up. However this range will ultimately look is of less importance. Diagonal lines of all sorts are much too discretionary to be reliable. But mind you, just because there's plenty of room for subjective interpretation, it does by no account mean all theories are correct. In the end, only ONE way is the right way. The way I personally like to approach "diagonal lines in progress" is by applying a maximum range thereof, like below. Ultimately, the more information we get, the more accurate and reliable the lines. There are several things that speak loudly in technical favor of Bitcoin's rangeboundness. First of all, upon last Sunday's closing we got ourselves a lower bullish red closing on the RSI. Immediately upon this signal, the price took off by +14% during Monday's trading. However, it's ultimate failure for the RSI to break above the upper bearish blue line was all we needed to know to confirm the drastically weakened momentum. Secondly, the Bitcoin Fear & Greed index has fluctuated a bit too wildly to convey a probable reversal. The a-bit-too-fast-and-optimistic sentiment recovery amidst the sudden pumps were much too high to mark the birth of a bullish reversal. What we'd rather be looking for in terms of a sustainable longevity upside is for a disbelief rally. This one is simple. It's look something like this: Moreover, whenever an underlying fluctuates between moving averages with ease, it is a sure sign of range-bound characteristics. Contrary, whenever an underlying is trending it has a spooky tendency of finding support on a wide range of technical overlays such as Bollinger bands, moving averages, ichimokus, and so on. Now, on the other hand, Bitcoin is moving back and forth of important indicators. Here for example are the Bollinger bands, through which the price flicks back and forth between its middle divider. Amidst this technical range we can expect a significant pressure build-up. As the prevailing trend is downwards, the statistical bias is for a southbound breakout. Such would turn this entire range into a big bear flag. But, if the ABCDE triangle were to still be intact, then this whole price build-up would prove to be an accumulation. However, before we can tell with high accuracy, we need more data. With that said, the best predictor and strong-case from here on would be for Bitcoin to take out the upper-hand resistance zone, which would also cause it to break above its sideways range as well as notable EMA and SMA cluster resistance. /Long Life Trading
BITFINEX:BTCUSDShort
by LongLifeTrading
GBP/USD - ANALYSIS - @TradersLounge.USHello, everyone! Here's my analysis for GBP/USD! Price has just reached support on the Daily. We've seen consistent moves to the downside for this second half of January. These next few days should give us a clear outlook on how the market is going to react to this 1.34xx area. Also, a new monthly candle will open on Tuesday! Here's what I''ll be on the lookout for: 4H/2H - Bear flag is forming so I'll be looking to trade accordingly. If bear flag fails, I'll look for higher lows and for price to break our previous lower high at the 1.35xx area in order to take buys. Let me know what you see on GU! #HappyTrading Miajah Lead Trader @ Trader's Lounge
by miajahmarable
BTCUSDT is creating a bear flag above the weekly supoortBitcoin is testing the Supply zone. The supply zone is where all the sellers are located, and it's represented a 4h resistance. The price is in the compression phase, the market created the higher low and a lower high inside a bear flag. A bullish scenario could happen if the price is going to have a breakout from 45k resistance with volume and momentum. Otherwise If the price is going to lose the bear flag we could see a double bottom on 40k, on the weekly support (Red One) What is the bear flag? Small flags appear like road kill along the price highway. You find them in a fast-moving price trend, one that zips several points in a just a few days. Price pauses at the flag and then continues in the same direction as before encountering the flag. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. Follow the Shrimp 🦐
by InkyGrip
49