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Bearish Patterns

$BTC Moment of Truth - Massive Move Ahead!This whole move up to $100k appears to be topped out and coming to the final squeeze. Going to be a drastic move in either direction very soon. CRYPTOCAP:BTC is either going to $115k or ~$85-90k. My Spidey-senses lean towards the latter; Bull Trap. Volume has been falling off a cliff during this rally, showing a strong case for a Bearish Divergence. If that happens, expect a drastic sling-shot rebound, so get your bids in now. I do expect a Santa Rally EOM.
INDEX:BTCUSDShort
by jonnieking
6
BTC Breakout: Cup Pattern Imminent?BTC is testing strong resistance and struggling to recover from yesterday’s losses. It seems a cup-and-handle pattern may be forming, signaling potential bearish momentum. Be cautious! If the support breaks with high volume, BTC could drop to: • Target 1: $96,111 • Target 2: $94,155 Are the bears ready to break through? If you liked this idea or have your own thoughts, share them in the comments! Disclaimer: This is not financial advice. Always trade responsibly. Best regards, GC
Short
by gonzacastellvi
1
XLMUSDT - ABC correctionXLM had an increase of over +600% in just 20 days followed by a 15-day consolidation phase suggests an exhaustion of the previous trend. The sideways movement aligns with an ABC correction, where wave C is likely unfolding. Key Levels and Confluence Trend-Based Fibonacci Extensions: 1:1 Target for Wave C: $0.3873 Key Support Zone: $0.3725−$0.3873 Market Sentiment Lack of Volume: Reflects reduced interest from buyers, confirming a bearish bias. Below Weekly and Monthly Opens: These levels often act as dynamic resistance, showing bears are in control for now.
Short
by SiDec
4
Nearish divergence short term but needs seller supply If no one sells this might not go as bearish as it will be/is. This is a chance to re buy in remember there are many folk wanting it waiting for these dips… unlike last runs. People are accumulating like never before and crypto is the most volatile market we have. Don’t assume anything expect anything and don’t be upset if the market drops by tomorrow morning and you didn’t sell.. I haven’t sold in years I have swapped but. So I’ve made gains there. Still follow your instinct. Do your own research always before executing buy or sell orders and of not swapping out but on market always make it a limit order where you place the price to buy being just below the current price or the price you see technicals showing it will or might dip to.. try not market buy unless you are a well versed trader it’s one of the BIGGEST MISTAKES new crypto traders do. Where FX traders often learn alot more same as stock traders before they start trading but crypto can be done ANYWHERE. Same with stocks and FX but crypto is different people can and do gift it every day. It’s something you can earn and then own as an asset of some kind depending where you live. Anyways what you think will happen come tomorrow morning or this time tomorrow? What about in 7 days? Let’s stay on topic and post positive comments that can help us all learn to destroy the stock market for our gains together!
Long
by CryptoFerk
Polycab India Ltd. - Short Position SetupAnalysis for Short Position Condition: 1.Key Breakdown Level: ₹7,282 is a critical horizontal support level. A decisive breakdown below this level could trigger a bearish move. 2.Volume Profile Analysis: Below ₹7,282, the volume profile shows limited buying interest until ₹6,997, suggesting a potential drop to this level. Further weakness could see the stock test ₹6,746, where significant buying activity has previously occurred. 3.Trendline Breakdown: The stock is trading within an ascending channel. A breakdown below ₹7,282 will confirm the failure of this channel, indicating a trend reversal. 4.Moving Averages: The 20-day EMA is currently acting as dynamic support near ₹7,282. A breakdown will likely push the stock toward the 50-day EMA around ₹6,997. The 200-day EMA near ₹6,746 is a long-term support level to monitor. 5.RSI (Relative Strength Index): RSI is neutral but could head toward oversold levels if the breakdown occurs, strengthening the bearish view. 6.Volume Confirmation: Watch for an increase in sell-side volume during the breakdown for confirmation. Trade Plan for Short Positions: Entry Trigger: Below ₹7,282. Targets: Target 1: ₹6,997 Target 2: ₹6,746 Stop Loss: Above ₹7,438 (previous high near resistance). Risk-Reward Ratio: Ensure an ideal ratio of at least 1:2 for the trade. Alternate Scenario: If ₹7,282 holds and the stock bounces, the immediate upside resistance is ₹7,654, above which the stock may resume its bullish trend.
NSE:POLYCABShort
by AngshumanSaikia