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Bearishcontinuation

🦀 & Momentum Break ✅GBP/NZD - Potential Weekly Deep crab. Price broke the monthly high but closed back below breaking the bullish momentum and potentially causing the LTF trends to reverse. The monthly TF is still bearish so I'm trading away from the Monthly high looking for price to create a new channel with a monthly continuation in the direction of the Crab. Let me know your thoughts! ** Disclaimer *** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
Short
by benalistarfx
DESCENDING TRIANGLE FORMATION (bearish scenario, short term) BTCA descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. The last several weeks have been incredibly tricky in terms of technical analysis and finding a clear edge, why? We've seen fake outs to the upside and downside and remain in this same range ($30,000 - $40,000) and this pattern is a result of all the sideways PA. The descending triangle is recognized primarily in downtrends and is often thought of as a bearish signal. As you can see in the above image, the descending triangle pattern is the upside-down image of the ascending triangle pattern. The two lows on the above chart form the lower flat line of the triangle and, again, have to be only close in price action rather than exactly the same. KEY TAKEAWAYS: 1) In technical analysis, a triangle is a continuation pattern on a chart that forms a triangle-like shape. 2) Triangles are similar to wedges and pennants and can be either a continuation pattern, if validated, or a powerful reversal pattern, in the event of failure. 3) There are three potential triangle variations that can develop as price action carves out a holding pattern, namely ascending, descending, and symmetrical triangles. Won't be posting another technical analysis until we get a resolution to either the upside or downside which my current bias is leaning towards. There's also the Binance FUD, and fundamentally crypto needs to wipe out the scammers, shady individuals and just the overall negativity throughout the space. The tether scandal is always a big deal, and something you won't want to forget about because one day it can all come crashing down. Market cycles all have a way of in cooperating FUD into bear markets, because institutions and whales know retail will eat the narrative up and give them the upper hand until they get levels low enough to set the macro low, then slowly but surely the bullish news will start again and the money printer will go brrrrr. Please leave a like/comment if you appreciate today's content, and will show me you want more content in the future 👍
FTX:BTCUSDShort
by YurloTrades
4
BTC is going to drop even more!?!Dear ladies and gentlemen, as you can see in the circle I have made yesterday a new candle appeared in the BTC chart, that small body candle is called spinning top candle and it is a common candle that can be used as a bearish continuation indicator or a bullish reversal indicator. The candle is neutral till the next day candle appears, today's candle is red, and our spinning top candle becomes one of the reasons why BTC is going to drop even more and maybe reach 28k or even less in the next days.
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by michael772
1
GBPJPY Cross Pair: 🐻 Bear In Action Matter of fact knowing poor equity market performance from last night we got a strong dollar and yen. This two currencies had gain against other currencies well through out the day. Lower risk appetites market situation favored the yen leading this cross pair price further lower. Bear 🐻 has already weighed over this pair and I think if market players aren't willing for risk bets and dumb their moolahs in yen. This cross pair will continue it's bearish trend until the risk sentiment favor for risk bets. Also pound isn't doing well seeing the GBPUSD we can know that bears are weighing slowly over that market and knowing the huge plunge over EURJPY cross pair makes us think that GBPJPY may take advantage equally.
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by jessi061
I'll Take "What Is A Bear Trend" For 500 AlexHello all, This is just an update from my last chart better representing levels, just in case we continue our bearish trend. This chart, compared to our last, is charted on the daily rather than the 4 hour time frame. We have touched basis with our trend and rejected, if we don't make another move to break out in the next week i suspect we will be descending deeper/ possibly retesting our lows in 2018, but that is unlikely as of now. (At this moment in time my last chart is still active, but if our total drops below ~228B we are most likely continuing our bearish trend) Grey Lines represent Fib levels. (Fib levels starting point is December 2018 Lows/ ending point June 2019 Highs) Red lines Represent Support and resistance zones. If we fail to break out of our long standing bearish trend, represented by the Red line directly above our candle stick patterns, we will most likely head down for lower lows during February-March. In my opinion it is not wise to be over leveraged in either direction at the moment as we are at a turning point in the market. Feel free to comment and share your views. As Always DYOR and safe trading.
CRYPTOCAP:TOTAL
by CapitulationCalls