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Bearish-signal

AUDUSD - Strong Rejection Ahead!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 AUDUSD has been hovering within a big range in the shape of a symmetrical triangle marked in blue. Currently, AUDUSD is rejecting the upper bound of the triangle. Moreover, the zone marked in green is a massive supply zone. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the supply zone and upper blue trendline acting as non-horizontal resistance. 📚 As per my trading style: As #AUDUSD is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
1
GBPUSD - Wait for the Bears 📉Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 GBPUSD has been overall bullish, trading within the rising channel in blue. At present, GBPUSD is approaching the upper bound of the channel acting as an over-bought zone. Moreover, it is retesting a strong supply zone. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the green supply and upper blue trendline. 📚 As per my trading style: As #GBPUSD is hovering around the circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
I'm bearish on GOLD#GOLD Analysis Description --------------------------------------------------------------- + As you can see in the chart, GOLD price got rejected at the resistance line once. + Now the price is heading back to the resistance line again. + I'm expecting the price to get rejected again at the resistance. if the price gets rejected again then we have a good chance for a short trade. + I'm planning to enter the short trade after clear rejection. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 2016.44 Stop Loss:2024.40 ------------------------------ Target 1: 2011.89 Target 2:2003.57 Target 3:1995.06 Target 4: 1984.37 ------------------------------ Timeframe: 1H Capital: 1-2% of trading capital --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Agree or Disagree with the ideas ? lets discuss in the comments. Like and follow us for more ideas. Regards VectorAlgo
TVC:GOLDShort
by VectorAlgo
1
These Are The Obstacles BTCUSD Is Currently Facing._______________________________________________________________________________________________________________________________________________________________________ Hello, Traders Investors And Community, Today I discuss some important observations I made the last time looking at the BTCUSD-chart, what I already mentioned in recent middle-to-long term analysis of BTCUSD watching the Daily-to-Weekly price-chart of BTC is that we are still in an overall consolidation period as I already pointed out the importance of the three-major trend-lines we have in this picture now, once it is the huge resistance above our heads which you see in the chart marked with the red straight trend-line and the red dotted trend-line, there is also the black rising trend-line which holds the structure and the blue falling trend-line which formed from the lower-lows in the past months, as I already said this overall formation is still neutral so, I highly recommend to you that you watch my analysis where I determined the shape of our situation to have an overall picture of what is going on now: Now, what you can see in my chart, is, that we got rejected two times in a major confluence zone which plays an important role in determining bitcoins further movement. The first time we got rejected in this confluence-zone BTCUSD provided a 57 % drop-down to the low at 3850 from which we saw this slowly establishing up-trend to the recent point and the recent second rejection at this confluence-zone. What does the second rejection mean? It is possible that BTCUSD falls more because this is such a strong important level, the good news is that we have support below us which BTCUSD will first recognize at the 5800 - 6000 range. When this level cant be held and bitcoins drop more down the next support-range is between 5800 and 5000. These levels building a logical triangle with the falling and dotted red resistance line and the falling blue trend-line as you can see in this chart, if we approach these levels before moving up I am expecting a healthy development of support in this range. Furthermore, if we establish the support in this arena we can expect some up-moves there, but, to have a decent bull-continuation we first have to break the falling red-line to the upside, which isn't impossible for sure but it is still a strong resistance level. On the other side, we have the 45-EMA which plays into the confluence-zone, it will also be a highly respected resistance level which first has to be taken out to initiate a further up-trend! So what we do have now at hand? On the one side, it is a -bullish scenario showing decent moves after the confirmation of support, but with more than one obstacle in the way and still resistance above us, to provide a confirmed up-trend BCTUSD has first the task to take the major strong falling red trendline out. On the other side it is the -bearish scenario which kicks in when we cross the rising black trend-line down, this scenario is possible but when it forms it will take some time and it will be recognized as the scenario because BTCUSD won't be to hold the support between 5000 and 5800. The bullish scenario is definitely possible and I know many of you want the bullish scenario to be confirmed as it is also the healthiest way in the markets and everybody is happy but we have to see the confirmation first as I explained, we are still in a financial crisis, and as the coronafears and the economy all over is recovering a little bit, step by step, that does not mean we are in a solid confirmed bullish environment, this includes bitcoin as well as the major indices, stocks, and gold. _______________________________________________________________________________________________________________________________________________________________________ In this manner: The Pessimist Sees Difficulty In Every Opportunity. The Optimist Sees Opportunity In Every Difficulty. Thanks, For Watching! Have a good day! Information provided is only educational and should not used to be for market purposes. _______________________________________________________________________________________________________________________________________________________________________
BITSTAMP:BTCUSD
by VincePrince
10
Bitcoin - BTCUSD - Pattern Forming?Greetings! BTCUSD seems to be forming a descending triangle pattern in the 4h timeframe which should complete by Boxing day. The RSI has also been declining as shown at the bottom. The probabilities in this case are favoring the bears more than the bull unless this is just as things have slowed down due to holidays. If things pan out as per the pattern, BTC will breakdown and the support will be around $38K. We have also shown a possibility that the bottom trendline may not be a 100% flat (green dotted line). We will have to watch the progress of the pattern though to see if that is correct to see if the probabilities change. However if a breakout closes and confirms above the descending top trendline, bulls may get back in control. Only time will tell but for now, we are more likely to head to $38K. Note: This is not financial advise and shall only be used for educational and/or entertainment purpose. Please do your own research before investing. Crypto Markets are highly volatile and you are responsible for the risk of losing your entire investment.
Short
by figuring_out_the_dream
Bitcoin: Classical Bearish TriangleOver the course of the last few weeks it was relatively uncertain what Bitcoin was going to do. One thing was sure: Bitcoin had a relatively bearish outlook after the greatest run in a couple of years. At the moment, it's becoming more clear that the pattern Bitcoin is following resembles a bearish triangle; a classical bearish break-out pattern. The main base of the pattern appears to be the $29k support line, with another support around $30k. The $30k support has given in previously, so i'd classify it as a weaker support than the $29k one. I don't expect the price to blast through the $29k support yet. There's too much buying power in the market for a major sell off. However, at the end of the pattern things could go south very rapidly. I'm expecting some fireworks in the beginning days of February. Happy trading!
Short
by FieryTrading
14