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Bearish Flag

XAUUSD, 4hr tf, bearish scenario Possible scenario for XAUUSD. Price going up inside this channel and the recent drops on Friday confirm a break below the support. It looks like XAUUSD making a bearish flag or possible rising wedge. If it plays out as bearish flag, the drop on XAUUSD gonna be massive. This upwards movement is a retest of broken trendline. We could see XAUUSD continue decline further. Sell XAUUSD 1815 Stop loss 1825 Take profit 1750 (6.5R) Use only 1-2% risk Good luck
FX:XAUUSDShort
by HayatoDragonFX
1
BNBUSDTBEARISH FLAG PRICE ACTION This chart pattern starts forming with bears already in control of the exchange rate's sharp downtrend. When bulls enter the market, trading is contained briefly in an up-sloped range. Bears then break that range's lower resistance, and the exchange rate continues its downtrend. Let's break down the pattern formation! A sharp downwards price action is initiated from (1) till it finds the first resistance (2), creating the flag's pole. Price action reverses direction from the first resistance (2) and starts forming higher lows and higher highs in a narrow flag-like formation, till it finds the highest support in that formation at point (3) The pattern is completed when price action reverses direction from the highest support (3) and goes downwards till it breaks the flag's lower border at point (4) Entry: after breaking the flag's lower border at point (4) Take profit: identified by measuring the flag's pole height, which is the vertical distance between points (1) and (2), that measurement is then applied from the breakout rate (4) Stop loss: the flag's highest high (3)
Short
by Adam-Robinson
Bitcoin simple but powerful analysis with bullish bearish levelsBitcoin simple but powerful analysis with bullish bearish levels Dear friends, A different and very simple look at Bitcoin with the different bullish and bearish levels. Also posted so that you can follow it with the button in te screen to update the chart. This can be short but powerful. The simpler the better! Please note that my previous analyses are just still valid including the levels. This is just another simple view of Bitcoin, the other posts show the patterns etc. Above the green horizontal trend line there is a bullish scenario, below the orange trend line at 28805 a clear bear market with much lower levels. Above 35146 we have a higher high and below 32000 a lower low. We have the following bearish patterns (see it in my other posts) 1. 3X HS formaties 2 a larger bearflag 3. A series of lower highs and lower lows. 4 The red trendline connecting the lows which is extremely important was broken . 5. Once again declining volume with rising price Note how during the decline the volume went up and during the last rise the volume went down. When you see something like that it is normally just bearish. A rise without volume will collapse under the force of gravity. Also take into account sudden interventions of whales and large funds. That is the only thing that can disturb the TA on the smaller timeframes. It now strongly looks like we are going to test the low again and maybe even drop below it. However, it is far too early now to judge that. The market is dynamic and anything can change. Therefore, step by step. No long term predictions that will be of little or no use to you at this time. After all, you want to make a profit now. It's good to have the fundamentals in your mind but it is important that it immediately not affect your trading from charts. If so, you won't be able to go on trading because of the many contradictions. As an advice, do not risk more than max 2% of your capital on the whole of your trades. The Crypto market moves together so 4 positions of 0.5 % risk is already the max of 2%! Of course many will not keep these numbers but is is a fact that without this you have a much higher chance of getting a zero account. The power of compounding smaller profits is the key for your total capital. Please share your thoughts and idea's below dear friends. What do you think and why do you think it with or without a chart. I wish you all good luck with trading guys! Disclaimer Traders this is my view, no advice to buy or sell. Also always do your own research! --->> Traders please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚
Short
by PegasusTechCharts
18
Bticoin 30 minute chart 2 NEW Patterns - Check it out!Bticoin 30 minute chart New Patterns - Check it out! Hello dear friends and traders, There are some new developments on Bitcoin's 30 minute chart. Bitcoin has already formed a Bearflag and is moving in this pattern. We also see the formation of a Head shoulder formation. I expect up to 33700 as the highest point for the right shoulder, After breaking through the neckline we see the following targets: 31400 30500 29400 My previous analyses with several larger head shoulder formations are all still valid! No long term prediction but trade what you see that is easy on your mind and gives no conflicts! Please share your thoughts and idea's below dear friends. What do you think and why do you think it with or without a chart. I wish you all good luck with trading! Disclaimer This is my view, no advice to buy or sell. Also always do your own research! --->> Dear friends please follow me for updates and give me support with a like 👍 if you like me to continue this work. Thanks 💚
Short
by PegasusTechCharts
36
Bitcoin appears to be trading in a bear flag!In dark blue, you can notice a bearish flag pattern forming with multiple bounces off the horizontal baseline of support and what appears to be a series of lower highs underneath a downward sloping resistance line. A possible Macro H&S pattern would coincide with a blow-off top at the launching of Goldman Sachs bitcoin futures contracts, similar to late 2017 CME BTC futures contracts calling the tippy top. I have drawn a bearish hypothetical scenario in red. On the RSI there is a series of higher lows indicating a potential bullish divergence taking place. A bullish divergence occurs when prices fall to a new low while an oscillator fails to reach a new low. This situation demonstrates that bears are losing power, and that bulls are ready to control the market again—often a bullish divergence marks the end of a downtrend. On the KST there were recently two bullish crosses and it looks like a higher high may be created for the first time since the blow-off top in March/April.
COINBASE:BTCUSD
by ScotianBot
4
BTCUSDT, WRXUSDT and CHRUSDT Technical AnalysisWelcome back Traders, Investors, and Community! BTCUSDT is in the Bearish channel it seems to be rejected from the Bearish trend line. So if it continues to go lower from the bearish trend line it is expected to go at least to the Support zone which is around 30032.0 however if it was able to break below the Support zone (30032.0) then we need to expect potential entry in the lower time frame like H1 to go short with the target of 24067.0 after the retest the Support zone. On the other hand if the price succeeded to Break above the Bearish trend line the price may go to the first Resistance line which is around 35080 for a retest before it heads higher. At the retest at 35080.0 in the lower time frame (H1) we can look for potential entry to go long to the next Resistance zone which is around 43000.0 WRXUSDT has been rejected by several red Doji candles at the Bearish trend line and the last candle is forming as a strong Bearish. So with that being said I expect the price after formation of this red candle goes lower to the Support zone which is around 0.666 before it returns to the Bearish trend line again. However it is possible before it goes lower to the Support zone it breaks above the Bearish trend line and heads up to 1.44 We might have pullback at 1.44 before it goes higher. Above the bearish trend line in the lower time frame we can look for potential entry at lower time frame to go long with TP 2.10 CHRUSDT on the H1 has formed a Bullish Flag which is a sign of Bullish continuation if it breaks above the Bearish trend line of the Flag. If the breakout happens we would expect a potential entry at the Bearish trend line of the Flag in the lower time frame to go long with TP 0.145 We already have 2 rejections from the bearish trend line of the flag which can be more before the breakout happens. Traders, please hit the 👍 LIKE button if you like this idea and if you have your own opinion about this, please write it in the comment box. We will be glad for this. We will have more FREE forecasts in TradingView soon ❤️ Your Support is really appreciated!❤️ Have a Profitable Day
by Fibonacci-Signals