October and November OTM Put Options Looking Pretty Good HereI will be getting the monthly put options at strike 24 dollars from here in anticipation of a bearflag breakout as i think btc and riot will see the 200 week moving average again.
Bearflags
BTC will dump all the wayA bear flag is forming on Bitcoin. The $43700 support is a strong one, so were consolidating a bit to eventually go down even further. I'm sure we'll see $42000 but I'm expecting that we go even lower.
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.
It Looks Like A Double Bottom But Very Likely Could Be A TrapI was looking at this earlier as a potential double bottom with bullish divergence and was looking to take a position after the sessions opened but after a few hours of waiting and letting the trading of this asset go on during the sessions i have not seen anything that would signal immediate bullishness.
I think that this "Double Bottom" Has potential to trap many bulls and instead send the price down to around $9.
The signal i will be using to enter short is once the MACD breaks the trendline and crosses bearishly i think we will see a nice move down to the $9s
BTC - Bear Flag at 35% of Break TargetBTC continues consolidation in a channel with Lower Highs in controlled descent.
BTC - Testing Lower Bound of Larger FlagCoinciding with the release of the Fed July Notes, risk off is the move so far today. This flag was composed of two smaller flags.
Bear Flag Breaking Down Below SupportWe could see a retrace down to 42400 upon bearishly breaking this consolidation.
NAS - Bear Flag - in 3DNAS is attempting to recover the larger wedge with a back test. Resistance a the 2 hour 8 EMA with the MBB and 50 SMA above in parallels. Fed notes at 2 PM EST; watching for compressed range until then.
BTC - The Game of Patterns - Bear Flag Target AchievedThe twin flag break to 20% of the target resulted in the original flag achieving 100% of it's target.
PLTR Gap Fill after bear flag trapPLTR escaped a bear flag pattern, and a new short term pattern formed a bull pennant. Looking for an upward breakout to fill a gap at $26.40
Bearish Consolidation Beneath ResistanceWe will probably see a move down to around 26 cents to attempt to test that as support and if 26 cents breaks and fails to be support then we will go much lower than that.
AUDUSD on a bear flag 🦐AUDUSD on the 4h chart has recently break the bear flag,
The price after the test of the 0.618 Fibonacci level is breaking below the weekly support.
According to Plancton's strategy if the market will satisfy the Academy condition we will set a nice short order.
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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
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
BTC Bear Flag on 4HBTC is forming a BEAR FLAG where I have highlighted in white. This suggests a move LOWER in price. The trend is BELOW the RED SUPER TREND RESISTANCE LINE and also BELOW the YELLOW 200 MA RESISTANCE LINE. This indicates a BEARISH forecast as long as the trend stays BELOW these RESISTANCE LINES.
Bear Flag pattern on LINK ! bear trap ? The pattern is clean. We are currently forming a bear flag.
The declining volume suggests that there is an imminent move.
The bear flag can be a really powerful pattern and someone who's able to spot it and then trade it can make some money
Bear flag Statistics:
Break-even failure rate: 2% in a bull market; 0% in a bear market
Average decline: 16% in a bull market; 25% in a bear market
Pullbacks: 46% in a bull market; 44% in a bear market
Percentage meeting price target: 47% in a bull market; 54% in a bear market
Bitcoin appears to be trading in a bear flag!In dark blue, you can notice a bearish flag pattern forming with multiple bounces off the horizontal baseline of support and what appears to be a series of lower highs underneath a downward sloping resistance line.
A possible Macro H&S pattern would coincide with a blow-off top at the launching of Goldman Sachs bitcoin futures contracts, similar to late 2017 CME BTC futures contracts calling the tippy top. I have drawn a bearish hypothetical scenario in red.
On the RSI there is a series of higher lows indicating a potential bullish divergence taking place. A bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend.
On the KST there were recently two bullish crosses and it looks like a higher high may be created for the first time since the blow-off top in March/April.
BTC low risk shortDaily reject again by the 20 EMA, lower high. No breakout on the RSI trendline.
1H looks like a bear flag rejected between 0.5 and 0.618 Fibonacci levels with a potential measured moved target of ~30200$. Targets lines up with Fibonacci extension 1.618.
We could be forming some sort of bullish cypher but it is still in development on the daily.
Bitcoin BTC This seems like a very likely scenario on the 30-minute chart. Let's see how it plays out!
Bitcoin BTC Bear FlagBTC here showing us a Bear Flag as well as a number of other bearish patterns. Bitcoin has been ignoring clear bearish patterns for the past couple of days, I don't expect this to continue.
I would not be surprised by a breakdown before the third rise to the top.
Invalidated if there is a strong break above 36.5k. If we see this, a bullish scenario will take place.
BTCUSD 4h. Bear Flag Pattern. Target 20.7K to 23KHi everyone,
Thank you for considering reading my idea.
Here, we may be forming a bear flag. If we break down today or in a few hours, the target could be at 20.7K. We may still bounce to the upside and break down later. The target could be at 23K. Let's see how this will play out.
Like this idea and follow me for more analysis like this. TAYOR.
Cheers,
Juvs
We All FallHere is a perspective from the 2hr. Bear flag almost at its peak. Look to enter this Ina short position if you wanna take the ride back down to 53 imo.
