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Bearflags

Bitcoin ShortThere are some interesting things shaping up on this chart. We are currently retesting a previous area of support on the hourly which may serve as resistance. If this plays out, then perhaps the bear flag will send us to the 1st target level which sits at the 38% fibs level. Our 2nd target sits at the 50% level while the 3rd is a combination of the 61% and 78% region. If this plays out, our BART Simpson pattern will be completed. We could also see $50k being hit first before correcting. This still can be part of the overall pattern.
BITSTAMP:BTCUSDShort
by ewhite41
1
EOSBTC is creating a bear flag in a critical zone 🦐$EOS.X is testing historical monthly support. IF the price will have a breakout downward, According to Plancton's strategy (check our Academy), we can set a nice 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
12
CADCHF trying to break below 🦐CADCHF after the break of the ascending dynamic trendline tested a support structure at the 0.69600 area. The price retraced inside a minor bear flag and according to Plancton's strategy, if the market will break below, we can 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
12
A healthy retrace for ETHUSDT?Hello guys, Just a quick trading idea I came up with today morning on the 4-hour chart. I haven't changed it since I still think it is the most probable scenario for ETH if we consider the bull trend as valid. So, the ETHUSD pair is in an uptrend channel since the beginning of January and it is trading within its boundaries for almost 4 weeks now. The $1,230 horizontal line acts as a solid support resistance and a baseline for the current uptrend movement. Given the fact that the price fluctuations tend to narrow down with each day, I came up with the above-suggested scenario of how the ether will progress towards another visit of the all-time high. Additionally, we are very much close to the RSI oversold area and the Volume Zone Oscillator is at the same level where it was during the last big pullback on January 21. A drop below the lower boundary of the uptrend channel and eventually $1,100 will invalidate this setup. Regards
BITSTAMP:ETHUSDLong
by FutureBlockchain
Has BTC bottomed yet ?Hi guys, Bitcoin has been on its way down since yesterday when it hit $34,800, but we might have to wait a little more before hitting the bottom. There is another bear blag being formed on the 4-h chart. Basically, all gains from yesterday were erased and we are still below the 26-day EMA on the daily chart. Still, the big bull flag on the daily chart is still in play I tend to think, it is just another shakedown by whales and smart money. I mean, if they keep on buying, they will be forced to buy higher and higher, so they will scare retail investors as the price of BTC will become more and more expensive for them to afford. Eventually, they will also run out of BTC to buy. So, what they do - they push the price down, so they can force weak hands to sell and continue accumulating, only to sell it again at the top. It is nothing new, don't fall for it. I mean, if it is the end of the bull market, so be it, but if you are already balls deep and could not sell at a higher price, don't do it now just for the sake of it. Markets work in cycles. I've been constantly seeing FUD being spread in mainstream media. Anyway, I don't think we will follow below $30,000. It just won't be profitable for big players. Remember Grayscale ? Do you think they invest BILLIONS just to be rekt two weeks later ? Regards,
BITSTAMP:BTCUSD
by FutureBlockchain
EURSEK for a new test of support 🦐EURSEK after the double bottom on the weekly support retraced inside a bear flag. According to Plancton's strategy,if the condition will be satisfied we can 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 trigg
Short
by InkyGrip
4
EURUSD on a bear flag? 🦐EURUSD after the recent low retraced to the 0.382 Fibonacci level, exactly at previous support now turned resistance. If the price will break below the lower flag trendline we can set a nice short order according to Plancton's strategy. ––––– 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
Short
by InkyGrip
14
PALLADIUM 1D BEAR FLAGBear Flags are a Range type of chart pattern. Bear Flag Ranges are repeatable trading chart patterns. Bear Flag chart patterns will have a directional bias (Short) 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.
OANDA:XPDUSDShort
by Tradingstrategyguides
USDCNH on a bear flag 🦐USDCNH after testing the lows near a dynamic trendline retraced inside a minor ascending channel. The market reached the 0.786 Fibonacci retracements and now testing a support According to Plancton's strategy, if the conditions, will be satisfied, we will set a nice short position. --–– 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
18
Bullish Pennant or an Ascending Triangle for Bitcoin?It appears as though the consolidation at ATH's is forming a Bullish Pennant, or, potentially an Ascending Triangle. I am leaning towards an Ascending Triangle because the horizontal blue resistance has rejected BTC numerous times during this consolidation period, but the price keeps testing that resistance, and the more a trend-line is tested the more likely the price is going to break in that direction, whether that's to the upside or downside, it works both ways from my experience! We could be seeing a rather large bear flag after a blow-off top, the RSI is trading in a multi-month descending triangle displaying lower high after lower high, meanwhile, the price has increased with several deviations on the RSI regarding lower highs. KST is showing a bullish cross where I have the blue finger, you will need to zoom in for better visualization.
COINBASE:BTCUSD
by ScotianBot
NUMI Daily 26 EMA Re-test; Potential Hourly Bear FlagMy alert for NUMI's daily 12 EMA went off 12/21/2020 and have a tiny entry there. Wanted to add more to the 26 EMA (left) but missed it and it's seeing a solid 10-12% bounce from that. Hourly chart (right) looks like it could be setting up an hourly bear flag which has me cautious here. My position is very tiny; if doing swing trades on penny stocks I think it's key to size appropriately, relative to a day-trade position.
NLong
by cryptochemistry
USDCAD 1.273834 + 0.33% SHORT IDEA * PRICE ACTION & CONTINUATIONHey everyone Here's a look at the DOLLAR / CAD from the 4H chart, hope you guys are good and having a good one, the pair has been trading inside a bear flag / descending channel possibly signalling continuation with the bears, we saw a break above of this structure but seems it was a false breakout as we see structure hold and looking for continuation with the bears targeting both my FIB EXT'S. many stars must align with the plan before executing the trade, kindly follow your rules. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it. HAVE A GOOD ONE!
Short
by PULEMokhothu