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Bearish Flag

DGB- good wedge formationHello everyone The bear channel of DGBUSDT is turning into a wedge pattern ( tight one)that shows a possible reversal or a steady bull channel formation in the next few days. On 4 hours chart however,we can see a small bear flag pattern and a possible head and shoulders pattern, which shows, that market can touch the support level ( 0.0225$)and come back and go up to resistance level 0.027$. P.S. : Wedge pattern is more likely to have a reaction,because of higher time frame , and volume.
by HubAlgo
1
BTC: BEARISH PATTERN! STAY ALERT!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC /USDT update. BTC is not looking good here. Let's get to the chart first. BTC is making a head&shoulder pattern in an 8hr time frame which is usually a bearish pattern. It also breaks down the neckline of the head&sgoulder pattern and currently retesting it. After this retest, we can expect more dump. BTC has important support at the $36.5k-$37.5k level. Either we get bounced from there or if not then it falls more and we might see $30k according to this pattern. Also, if you see a daily chart of BTC then you see that BTC is forming a bearish flag pattern in the daily time frame which has not broken down yet. If any daily candle closes below $39k then it will be very bad for the overall market. What do you think about this? Do you also think we can see more dump from here or do you think that BTC starts pumping from here? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Short
by CoreCrypto1
BITCOIN - The bears have taken over!Keep it plain, simple and minimize the noise! Here we have a bear flag, or what some people where viewing as an "Ascending Triangle". It doesn't matter which pattern it really was, as all patterns have the probability to go both ways. We broke out to the downside, now I am waiting for a bearish retest to confirm lower prices. The reason I am waiting for a retest confirmation as this could be a bear trap and simply liquidate the shorts.. At the moment - the market is sideways, choppy and RISKY. I have various different set-ups I'm watching and always waiting for confirmations of each one BEFORE entering a trade. I have also linked an idea to this, that I think is good to keep an eye on. Comment your ideas down below :)
BITSTAMP:BTCUSDShort
by tradermoth
$BTC potential bear flag break down!* Was in a down trend * Has been in a potential bear flag from mid January 2022 * Despite it breaking down from the potential bear flag, there are multiple levels of support before it reaches its measured objective. * Key level of support being around the $30k mark * The trend line extending from Jan 24, 2022 may act as a confluence of support with $37.5k (circled area) * Key areas of support to keep in mind if you're planning on shorting: * $37.5k * $34.3k * $30k * A break below $30k may send BTC to its measured objective of ~15k.
BITSTAMP:BTCUSDShort
by HaseebKhan_90
BTCUSDT where we headed Hello Birdies, Lets analyze BTC once again. @VincePrince just posted same flag while I was writing this :) Chart: BTC making a huge bear flag We plotted 3 resistance which is in play (which can you help scalp the BTC ) 2 resistance are from ATH of May and Nov 1 is a local resistance. Trend based Fib time Analysis: Price is squeezing between bear flag bottom and local resistance We may see a bounce and if it hold support @ 41, 500 Start bull trap which will end at Nov ATH around 43 000 to 44, 000 Go short start of capitulation Expected time for all of this is plotted using Trend based Fib Time it says 11 Days.
Short
by BlackBirdTrading
4
BTC where we headedHello Birdies, Lets analyze BTC once again. @VincePrince just posted same flag while I was writing this :) Chart: BTC making a huge bear flag We plotted 3 resistance which is in play (which can you help scalp the BTC) 2 resistance are from ATH of May and Nov 1 is a local resistance. Trend based Fib time Analysis: Price is squeezing between bear flag bottom and local resistance We may see a bounce and if it hold support @ 41, 500 Start bull trap which will end at Nov ATH around 43 000 to 44, 000 Go short start of capitulation Expected time for all of this is plotted using Trend based Fib Time it says 11 Days.
Short
by BlackBirdTrading
1
MANA- divergence or bear flag?Hello everyone On daily chart on MANAUSDT we can see a bear flag pattern appeared and we have good amount of shadow on our last couple of candles, So I believe it is safe to say there is a possibility of a bear market here,but where is the next support level ?? We also can see a divergence happening on daily chart. All I can say here is that I hope the divergence works and not the bear flag. Our current support level is 2$ and resistance level of 2.2$ on daily chart.i guess it's safe to say 1.8$ is our next possible support level.
by HubAlgo
1
DOW on a potential H&S pattern 🦐DJI on the 4h chart is trading near to a daily support. The price after the recent top creates a right shoulder and is testing the neckline area with a possible bear flag formation. How can i approach this scenario? I will wait fro the EU market open and if the price will break below the support area i will check for a nice short order according to the Plancton's strategy rules. –––– 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.
FOREXCOM:US30Short
by InkyGrip
14