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Bearflagpattern

Big week for BTCIt's a big week for BTC. Things to watch this week: -Will BTC move up to close above the 200 day average ($47,953)? -BTC continues to trade down within a downward channel from all time highs, will it reverse? -Will BTC see death cross if 50 day ($51,965) cross the 200 day ($47,953)? -Since December 27th BTC has dropped and now trading in a tight wedge, would this Bear flag play out? -Would the H&S neckline hold (neckline break will force BTC to test $30K and if it doesn't hold $18-20k might be tested)? BTC needs more volume to come in or it might be hard to overcome these hurdles. All these points are based on the daily chart. Have a great week!
by MoneyFishing
BTC: rejection of the bull market support bandBitcoin got rejected out of the bull market support band together with a drop out of a bear flag. The crypto market does not look healthy at the moment and there's no way we can sugarcoat it. Technical target for BTC in the coming week is 42K, lets see if that plays out or we can rewind some bullish momentum. Are we going into a bear market? I just uploaded a YouTube video where I answer that question; with a full analysis of the market and all aspects you should know to become a successful crypto investor, link in bio. IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
Short
by cryptobullethbtcxlm
11
EURGBP BEARISH BREAKOUTEURGBP pair on a Daily chart recently reached 0.866 - 0.8680 major resistance cluster. Then the price dropped sharply. Bears managed to break a support line of a bearish flag pattern on a daily. It may lead to a further decline. After breakout confirmation analysts looking for short opportunity, consider the retest of the broken support as the point to sell from. Next goal and target for Bears is - 0.8460 Second target is 0.8315 Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
Short
by legacyFXofficial
9
BEAR FLAG + HEAD @ SHOULDER H1 TFBEAR FLAG + HEAD @ SHOULDER H1 TF SHORT OPPORTUNITY HEAD@SHOULDER COMPLETE PATTERN + BEARFLAG PATTERN FROM D1 TF FORMING WEAKNESS LTF - Lower Time Frame HTF - Higher Time Frame TF - Time Frame TRS - Trend Reversal Strategy CRT - Counter-Retail Technique / Break-out APF - Advance Pattern Formation W4C - Waiting for Confirmation LLCC - Lower low, lower close HHHC - Higher high, higher close SL - Stop loss TP - Target Profit POR - Point of Ruin RRR - Risk Reward Ratio Risk Disclaimer: This is not a trade signal hence we'll not be held responsible for any losses that will occur in your account during trading. You and you alone are responsible for deciding if you are comfortable accepting the potential risk involved in trading. So trade at your own risk and do not invest money you cannot afford to loss..
Short
by Blessed_Trader22
Despite everything - bearish case is still active!Despite all the fundamental things - my technical look on silver keeps still being bearish. IF the XAG/USD manages it to make daily close above 24.82 USD and overcomes the 50's SMA, the 38.2 % Fibonacci retracement, and the channel I would see more upside and this could be the end of the bearish case in silver. Otherwise, it's IMO more likely that silver will resolve the bearish flag by breaking to the downside and will reach some price quotes around 22.40-23.00 USD.
TVC:SILVERShort
by p4917
3
EURUSD-Weekly Market Analysis-Aug21,Wk4On the daily chart, EURUSD has broken and closed below the immediate support, however, it is still not a good enough confirmation for me because there's another level of support, looking left. On the 1 hourly chart, 1.1704 is the critical level that many traders will be looking at. For counter-trend traders, a break and close below 1.1704 will encourage them to engage for an aggressive buy as a support & resistance trade or double bottom trade. The trend-following or the trend traders will be hoping for the opposite and a bearish flag pattern.
Short
by RaynLim
NZDCAD on a bear flag 🦐NZDCAD on the 4h chart has broke as expected the ascending channel. The price is now moving in a bear flag and according to Plancton's strategy if the market will break below we will set a nice short order. ---- Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Short
by InkyGrip
6
COCA-COLA 1D BEAR FLAGBear Flags are a Range and they are repeatable trading chart patterns. Bear Flags are ascending chart patterns that will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of volume average for a full position size. b - If 75% of volume average then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) If not 75% then stand aside from the trade. 2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order. Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit. *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
NYSE:KOShort
by Tradingstrategyguides
BTCUSD possible bear flagUsing the 9 and 15 exponential moving averages with a relative strength index and a MACD. Currently Bitcoin seems to be forming a bear flag pattern on the daily chart and just waiting to see if it breaks below the pattern. There is major support areas in the 47k range and 44k range which were tested in early February 2021. The relative strength is giving a reading below 50 in the 40 range showing signs of sellers in control of the market on the daily chart. The moving averages crossed over with the massive sell on May 13, 2021 and the MACD is giving a reading of a bearish momentum strengthening. Bitcoin could test one of these ranges before pulling back to the moving averages it all depends on the unknown which we will never know. The unknown of trading is how many people are going to sell, or buy, or going to get stopped out or margin called. Lots of factors can push markets up or down but the one factor we will never know is what other traders are going to do with their money. The only way to find out if the edge plays out in our favour is if other traders’ edges’ agree with ours. I do not currently have an open position on BTCUSD as I am looking to short if the next few days it breaks and closes below the bear pattern. Good luck and good trading
BITSTAMP:BTCUSDShort
by MuZimbabwe