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Bearflags

BTC Bear Flag - Continuation DownBTC is still in a strong downtrend, with the most recent attempt at a reversal failing to gain steam. Price has created a small parallel channel up off the lows - a textbook Bearish Flag pattern. Expect the see a break below the lower boundary of this channel for a bearish continuation. A break below the swing low would be confirmation of continuation of the downtrend. Still aiming for the big psychological level of 30k mentioned in previous ideas in the charts below - in a downtrend like this, these big round numbers tend to act like magnets. Remaining patient.
BINANCE:BTCUSD.PShort
by HayeTrading
27
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
USDCAD on a bear flag? 🦐USDCAD on the 4h chart is moving in an ascending channel. The price bounced over the lower dynamic support and according to Plancton's strategy IF the price will break below and satisfy the ACADEMY rules 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
10
EURCAD on a bear flag 🦐EURCAD on the daily chart is moving into an ascending channel over a weekly support. The price has tested the 0.5 Fibonacci level before moving lower for a structure test. According to Plancton's strategy IF the price will break below and satisfy the ACADEMY rules 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
12
A Complete Analysis of Bitcoin : Both Bull and Bear Side!!! This post is about Analysing Bitcoin using Multiple Methods and discovering important levels to watch for Bitcoin. I will be reviewing and analysing both Bear and Bull side of Bitcoin. ---------- 1) Important Levels for Bitcoin ----------- 1. Using Support & Resistance :- As you can see 39-40k is First Key Zone to watch as Demand Zone for Bitcoin. 2. Using Log Regression Channel :- Using this method, we can see by extending Lower side of UPPER Channel of Log Regression Channel that 38-39k might act as strong support where BTC might bounce from. 3. Using Volume Profile :- First Big Volume Shelf is sitting at 39-40k Zone, that might be indicating Strong support Zone in that area. 4. Using Fibonacci Levels :- Using Fib Levels, we can see that 0.618, the Golden Ratio Zone is also sitting at 40k Level. Thus, Four Different Methods are Indicating 39-40k Level as STRONG SUPPORT ZONE from where BTC Might Bounce from. ----------- 2) EW Speculative Count for Bitcoin ----------- 1. Long-term Elliot Wave Count :- I do believe we are in Wave 4 right now and Wave 5 would be coming that would take BTC upto 80k-100k level. 2. Mid-term Elliot Wave Count :- In Wave 4, we are working on making an Expanded Flat Correction and We are in Wave C of ABC Correction of Wave 4. 3. Short-term Elliot Wave Count :- We MIGHT be in Wave (b) of Wave B of Wave C right now. For Explaining my idea of Expanding Flat, i would like to attach my previous idea here :- -------- 3) Why Bears are looking Extremely Strong ------ 1. Head & Shoulder :- Bitcoin has printed a very clean Head & Shoulder Pattern on bigger timeframe with Target Price on 16-17k which is endangering for Bulls. 2. Death Cross :- A Potential Death Cross might be coming for Bitcoin. 3. Bear Flag :- Below we can clearly see that Bitcoin has broken down from a Bear flag. ------- 4) Why do i Expect a Good bounce soon from BTC for Bull's Sake ? --- 1. Divergence on Weekly Timeframe in Making :- Massive Bullish Divergence in Progress on Weekly Timeframe. 2. Divergence on 2-Day Timeframe in Making :- Massive Bullish Divergence in Progress on 2-Day Timeframe. 3. Double Bottom :- A Double Bottom MIGHT be in making and upon further decline in BTC Price 38-40k Zone should act as Good Support Zone. 4. Logical Reasoning :- If BTC would move impulsively and Bounced strongly from 38k-40k Zone then, when Bitcoin will go to 48-50k or even 53-56k then it would change mass mentality from Extremely Bearish to Here comes the moon and here comes the 80-100k, the moonboys. It would be a perfect DEAD CAT BOUNCE up until 48-50k or even 53-56k from 38-40k Zone. ------ 5) Short-term Bitcoin Expectation ------ 1. Some More Downside :- I am expecting BTC to retest 38-40k Zone and this is just wait game now. In the end, i would like to Mention, Market can do whatever it likes to do. Market likes to Teach us a lesson EVERY SINGLE TIME. Thus, I am fine with being Wrong. Bitcoin just might go up from this point, who knows. But, we have to determine and analyse all possibilities of what might happen and follow one Biased approach that seems more likely to OCCUR. But if BTC actually did not bounce from 38-40k level then 30k would be the NEXT Major Support Level i would be watching for. None of the info given is a financial advice. These are my own views that what i am watching and expecting and looking out for. I hope it will give you clear information and certain levels that i am watching. Also, please do let me know if i made any mistake.
INDEX:BTCUSD
by StunnerStock
12
EURUSD Non Farm Payroll Catalyst?Non-Farm Payroll numbers are due today, after a strong decline EURUSD has settled into a consolidation/bear flag formation. I've been watching for a breakout of this range for a while now and while the structure of the flag has changed, the overarching idea is the same - looking for a break below the range to continue the larger trend. Non-Farm Payroll tends to bring with it spikes of volatility and can often be the catalyst to begin a new trend or new leg of a trend, which is what we're watching out for today.
Short
by HayeTrading
25
🔥 Bitcoin Bear Flag: More Pain To Come?Yesterday I made an analysis on Bitcoin and the triangle it was trading in. In this analysis I was quite bullish, but sadly BTC gave the entire reversal back, and we're on the verge of falling through the triangle's support. With BTC falling, the current move through the triangle's support is concerning. We might face a deeper correction in the short term. $48600 is the main support. If this support fails, I'm expecting more pain, targets at the recent lows. Happy trading!
by FieryTrading
19
HOW-TO: My Trading Approach On GBPNZD With Full Trade AnalysisFX:GBPNZD I was doing an GBPNZD trade one morning and came across a formation that I knew would earn me a decent amount of points - and one that would make a great GBPNZD analysis video for the trading community. This GBPNZD trade analysis video mainly revolves around the use of Fibonacci, Regression Lines and Bear Flag formations. But I guess the most important talking point in this video is how said formations convinced me to go short for this trade. With that said, let me ask you a question. Is your GBPNZD trading strategy at a point where you are able to make minute adjustments that can lead to big wins? More importantly, do you currently have the trading knowledge to identify said formations and signals? Anyway, watch my GBPNZD trading analysis video right to the end, and leave a message if there’s anything you want to ask. Thank You Kumar Kaushal
Short
by Kumar_Kaushal
GBPNZD on a bear flag 🦐GBPNZD on the daily chart is creating a bear flag. The price has tested the 0.382 Fibonacci with a spike and according to Plancton's strategy if the market will break the support trendline 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
2
Bull Flag Trading on UNIUSD #BTC #UNIThe bull flag pattern is a continuation chart pattern that facilitates an extension of the uptrend. In this scenario we have a Bull Flag as well as a Symmetrical triangle in which in a uptrend momentum as we see a huge spike in volume forming the Flag Pole, this pattern has a 67% probability of succeeding to the upside. Entry Possibilities for a Bull Flag are: At the Bottom of the Flag At the Breakout of the Flag Take Profit i always like to take at 50% of the measure move and at the 90%. This is a momentum pattern and more often than not, at the measured move, price will likely retrace a good amount. Please support our work with like & comment! #BTC #CRYPTO #BULLFLAG #BEARFLAG #TRADINGIDEA
BINANCE:UNIUSDLong
by ppatrading101
1
SILVER on the break of the channel 🦐SILVER on the daily chart broke the retracement channel. The market tested the 0.618 level below the resistance structure and currently is trading above a support area. According to Plancton's strategy if the price 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.
SAXO:XAGUSDShort
by InkyGrip
8