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Bearish Patterns

BITCOIN CONFERENCE 2024In the chart I've highlighted some key areas of interest going into the BITCOIN CONFERENCE in Nashville. With Trump scheduled to speak and his recent track record of being bullish on BTC and crypto in general, my natural instinct is this will be a bullish event for the space. Trump recently started taking campaign donations in BTC and selected JD Vance as his VP should he be elected. Vance is known to have over $100,000 in BTC so they are both pro crypto and should this be expressed at the conference it is bullish for the space. Is this a sell the news event? With BTC's recent rally from the lows of ~$63,500 to now ~$68,000 you could argue that the conference is priced in as the 7% gain since midweek would suggest. I do predict volatility that may look like a sell the news event initially but ultimately I cannot see that being the case. For me, if we lose the "MINI RANGE MIDPOINT" with a clean break below then I would start to rethink that stance. Personally I think we whipsaw between " MINI RANGE MIDPOINT" & "'21 ATH". Historically since the start of the year the '21 ATH is the most important level as all major moves both bullish and bearish are triggered from that level.
BITSTAMP:BTCUSD
by ProR35
1
A Case Study #3: USDT to 2.5% Morning my friends, This will be the final Case Study, and this time I bring a chart that I keep on adding things to. You should go back a few months on my posts and look for this exact chart before a lot happened: Check it out above! I added a picture above and I wonder if it'll look good and pop out here. Anyway my friends, It looks like we could be working on either a bear pennant or a bear flag and the drop would be below the 3%, initiating alt season, bringing ETH above $10k, and BTC near the 100k. Lets see! Trade thirsty! P.S. Obviously, to LONG USDT here doesn't make sense. I put long meaning LONG coins and not USDT cause I believe it will drop! But you already knew that right?!
CRYPTOCAP:USDT.DLong
by mr_willmedina
LINK Looks Short Term Bearish!!!After breaking the previous weeks lows, the chances of us tapping the support again before a move up has increased. Yellow arrows mark my areas of interest for a short & a long trade. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
400 Pips in a Week! Discover the Secret Behind Trading Strategy!Technical Breakdown Ascending Channel Formation: The price has been moving within an ascending channel, indicating a bullish trend. The upper and lower boundaries of the channel have provided resistance and support, respectively. Support/Resistance Level: A key horizontal level around 2,430 has acted as both support and resistance. This level was tested multiple times, showing its significance in the price action. Bear Flags: Two bear flags are identified, one on the 15-minute chart and another on the 30-minute chart. Bear flags typically indicate continuation patterns in a downtrend, suggesting further bearish movement. Higher High (HH) and Lower High (LH): The chart shows a higher high (HH) followed by a lower high (LH), indicating a potential shift from a bullish to a bearish trend. Price Target (TP): The TP is marked at 2,348, suggesting a potential downside target based on the current technical setup.
OANDA:XAUUSD
by Adlercon333
2
DOGECOIN 10% Dump or 39% Pump!?!Since we broke the support and have not managed to climb back above, a 10% move to the downside is more probable. If we flip the resistance back to support and hold the level, the target will be $0.18, 39% to the upside. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
by Navitility
Bitcoin Long/Short-Term or Holding AreaMy daily setup My trading strategy is to look for opportunities to enter and exit trades based on these levels on a daily basis. It's important to monitor the market closely for any changes in the key levels of support and resistance to get a good exit or entry. I use technical indicators, such as moving averages, order block and volume price to identify trends and potential entry and exit points. If the price approaches the short-term resistance level at 28897.0 (Max) and the moving average indicates a potential reversal, i consider taking a short position with a target exit at the support level at 27190.2 (Max). Conversely, if the price approaches the support level at 27190.2 and the moving average indicates a potential rebound, we may consider taking a long position with a target exit at the resistance level at 28480.0
by Fadlyyyyy