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Bearish Flag

The next expected scenarios for Bitcoin |🐻vs🐂BTC is currently facing a lot of pressure especially after losing his it's strength. we already went down so bad but what could happen in the next meantime? ⬇️ We are currently in a bear flag => $BTC is bearish in mid term where 30k levels are very possible. We are also on a Trendline & The middle of the Bear Flag channel => This could be a strong point for $BTC to gain it's strength for the final pump. If it pumps, we will see a Bull flag, taking it's price to the 50k levels. But what happens if we don't reverse? Sadly, we might visit the low levels again( starting from 41 - 40k down to 37k levels ) . Bellow the 37k levels will be the confirmation of the bear flag $BTC , we will see many bearish months and levels.
by Dev1neTrades
1
Bitcoin Short Entry - Bearish Pennant Formed - Next Move?Here is my chart analysis for BTC/USD. There are quite a few things to cover here both in the short and longer term. Short Term: -BTC has formed a Bearish Pennant with perfect structure. The technical target is around $41,300. -You could enter a short from the pennant using an entry method if breakdown occurs and bearish continuation is confirmed. Longer Term -Imo BTC is currently trending bearish and will continue lower over the coming days/ weeks. -Until BTC breaks the channel trend line and 200 MA I am Bearish. Plus on the Daily chart BTC has formed an ascending channel since January. An ascending formation like this is Bearish which is why I believe BTC will inevitably retest the lows. -It's possible that in the short term BTC gets a bounce off this level and gives another try at breaking the $48k major level. -However, inevitably I do believe that BTC will head lower and retest the bottom trend line lows at around $40k, then $36k and possibly lower. -So if you are Bearish now is the time to start planning your shorts if you haven't already entered one. -I currently have a short open with the entry price of $46,400. I will either re-accumulate if BTC heads higher or will sell at the $40k support level if BTC trends down. Happy Trading and Good Luck! *This is not financial advice and I am not a professional.
BITSTAMP:BTCUSDShort
by natef1
7
USD/JPY: Bearish divergence formedIn this analysis, U.S. Dollar/Yen Japanese forming a bearish divergence in 30 minutes timeframe. Also, we see a bearish channel flag pattern and we see a broke down of this chartist pattern in USD/JPY. As I see a bearish setup, this could be an amazing profit of 122 pips approximately to find down. Now, I want to share here another timeframes what I found out. In H4 timeframe, I see the same in 30 minutes timeframe, but this it's very different because in H4 we forming a key supply zone in that gray zone that it's called imbalance zone and we see that this could be another signal that we're going to short U.S. Dollar in front of Yen Japanese. And also, to know more deep, we see a bearish Gartley harmonic pattern with all Fibonacci measure to valid this harmonic pattern, with Fibonacci measure and also, the confirmation of this bearish divergence and break out of this bearish channel flag pattern in 30 minutes, all thesm it's a good signal to short U.S. Dollar. So guys, I see that this trade has a lot potential to find a short position. For that, I put a place a sell order limit a little more of the price at 122.66 JPY and SL to $123.15 JPY (49 pips) and target to $121.44 JPY (122 pips). This have a risk/benefit 1:2. I hope that this idea support you very well in this Forex weekly.
Short
by harisonhbn9718
5
🐻USD/CHF SHORTOn the daily chart, USD/CHF has been in a range for some time. This range can be recognized as a bearish continuation, as it has formed after a bearish impulse. When price tested the resisting trendline for the third time, we saw strong rejections indicating selling pressure. Price has now been moving in a corrective manner downwards, this signifies a reversal but in this case it most likely be a retracement. At the 61.8% retracement, the is a strong area of resistance. If price retraces there, it would form a perfect head and shoulders, which is what i expect from this pair. The right shoulder is normally lower that the left one so price may reject the 50% retracement then push downwards. Remember that the market may just take off where it is, in such a case, look for entries at the breakout of the trendline. Targets are set in green. OANDA:USDCHF
Short
by WAR_ON_FOREX
🐻EUR/USD SHORTEUR/USD has been bearish for months now. Price broke out of recently created support on the daily chart which is around 1.118 a while ago. Price, moving in a corrective manner, has retested this previous support and has used it as a resistance as we saw strong rejections. Price has also formed a bearish continuation pattern. We should look to enter on any retracement or on the trendline breakout and retest. Targets should be set at the level marked in green. OANDA:EURUSD
Short
by WAR_ON_FOREX
XAU / USD 1948.13 - 0.83 % SHORT IDEA * CONTINUATION & PTTNSHEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, AN IDEA ON THE GOLD METAL THIS WEEK. * The metal has been Correcting for a couple of weeks now, seems we have entered some slowing down in momentum with the bears as we ranged in a Bear flag possibly signaling continuation. - Short term the METAL has currently Rallied with a down trend as WE broke below on the 4h chart. hitting ( LH , LL ), looking for a continuation of this trend with the bears. - Looking for SHORT entries on the METAL this week should all the rules of the formation be met, A break above of the marked structure and close CANCELS the trade should the bear flag / ascending channel come into play again could be just a delay to retest another resistance just above there. SCALLING DOWN lets see how it goes IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - SWING TRADE
OANDA:XAUUSDShort
by PULEMokhothu
1
Bearish Flag on GBP/NZD @ D1What we see here is a classic bearish flag on the daily chart of the GBP/NZD currency pair (Great Britain pound vs. New Zealand dollar). It provides a trading setup with a bearish breakout entry potential. The flag and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line (1.86213). My potential stop-loss level is marked with the red line (1.93650). I will wait for the price to close significantly below the flag's lower border before opening a short trade.
Short
by AndriyMoraru
BTC Bearflag *caution*Theres a possible Bear flag formed on BTC with a historical support now turned resistance. The S/R line has been important in the past as it was the retest that kicked off the last major bull run and also caused the spring in July when we broke below it. This is a word of caution as most peoe are looking at the pennant that has formed and the FOMO might kick. I would be looking to short at the top of the bear flag. The target is around 23k and it could give us the final wash out to the 200week MA. Let me know what you think in the comments
BITSTAMP:BTCUSDShort
by Cymoongale
2
AUDUSD can continue lower? 🦐AUDUSD on the 4h chart after the recent start a retracement move until the 0.71700 area. At the beginning of the downtrend, I can see an attempt of the price to break the resistance level at the 0.73600 over the 0.618 Fibonacci level, with the following bear pressure coming in that pushes lower the price with a consequent break of the bear flag and the daily ascending trendline. How can we approach this scenario? Now the market is close by a minor support and after a large. number of red candle i can expect some retracement to the upside brofre a break below. We will wait for the European market open and check if the price will break below the support area , in that case i ll check for a possible short entry according to the Plancton's academy 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
Short
by InkyGrip
Bitcoin BTC Clear Bear Flag If BTC trades out of this one in a bullish way, I will personally be astonished. No big update from me until after Fed Meetings tomorrow and Wednesday. This is a market for Big Fish only, currently. If you have minimum experience, consider taking risk off the table. Only invest what you are willing to lose. If you feel stressed, you are over-exposed. Wait for more clear trend. Future is anything but certain at the moment. This is the most muddied the waters have been for quite a long time. Much more uncertain times than the May 2021 drawdown. Back then we still had a decent economy, no FED interference, and no War. Now is totally different. I will link my previous analysis right here, where I go very in-depth. If that interests you, consider checking it out. At the bottom of that chart, I linked 3 other posts, that are arguably my best and most informative posts to date. Hope those help!
Short
by NoOneWhoIsSomeone
RSRUSDT is creating a bear flagThe price got rejections from the dynamic daily resistance of the descending channel. on the daily timeframe, the price had a false breakout from the 0.13$ and got a rejection from the 4h structure. On the 4h Timeframe, the price created a bear flag and after the breakout, the market retested the previous support as new resistance. Now the price is creating a minor bullflag. How to approach? We are monitoring the price, if the price is going to lose the 0.11 and confirm the breakout, the next valid support is the daily one on 0.997$ According to Plancton's strategy , we can set a nice order ––––– Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ––––– Follow the Shrimp 🦐
Short
by InkyGrip
8