Get started

Bearish Flag

Trading waves inside the Bearish Wedge, Part 5So far this long term short trade is going very good, caught a decent first entry and a perfect second entry (yellow circles). Now there are 2 things i will watch: 1) If we move up and break the red zone, i will close half and wait for a re entry. 2) If we drop and break that big green support zone, i will increase 50 to 100% at the yellow circle. So after seeing something like a bear flag form below that area. Previous analysis:
Short
by botje11
Full look at current bullish/bearish patterns/trendlines in playOn the weekly total crypto marketcap chart we are currently either still in a symmetrical triangle that could also be a bear pennant, or currently up out of both a daily falling wedge (in yellow), as well as the much bigger weekly falling wedge (in green). Bullish and bearish price target projections are posted accordingly and are color coordinated with their corresponding patterns. We also have 2 huge horizontal trendlines: a strong one that's currently resistance that if we can close a weekly candle or 2 above and flip to solid support would make me much more confident that we are going to ht the green bullish falling wedges price target. we also have another lower strong horizontal trendline that lines up well with the bearish price projection bearflag breakdown target. If we were to heavily capitulate thats where I believe support would eventually hold and bounce back up from. we also have the weekly 20ma(in orange) which at least temporarily is suddenly support although we have yet to solidify that support and then we have the weekly 200ma which has been solidified a long time ago as solidified support and continues to maintain that support for now. It is still a battle between those two. Finally we can see below on the weekly stoch rsi it is threatening to complete a bearish cross but it may also bounce upward off the orange line. If not we have a diagonal trendline on the stochrsi that may also act as support enough to reverse any bearish cross that may occur. If capitulation were to occur however we would see it break below that stochrsi trendline as well as priceaction most likely the strong currently solidified support of the weekly 200ma. For Now this is the chessboard. with the weekly 20ma acting as the bears' king, and the weekly 200ma acting as the bulls' king. I have a feeling we will know which side will be declaring check mate by the end of the week.
CRYPTOCAP:TOTAL
by DrDovetail
Kraft Heinz CO (KHC) - After bear flag long move potencialAlmost everyone has noticed the bad news about the KHC, which is owned by the legendary investor Warren Buffet. The fundamental analysis could still point to further weakness, but the technical analysis might be a bit more optimistic. We can see some nice patterns on the shorter timeframes (1H-4H). After the big drop, a consolidation triangle had formed, which was broken to the downside, thus the bearish trend was confirmed. Currently, there is a bearish flag, so I guess the price could go a bit lower and test the green area. There is still the possibility of a double bottom, but there is also a chance for a smaller rally from these levels. The green area should be a very strong S/R area, because of the1.27 Fibo -> this could mean a mid-term bottom has formed here. There is also the RSI bullish divergence and the so-called Bullish Three Drivers pattern. Plus, the market is Oversold BUY AREA - GREEN ZONE TP and SL will be revealed after the trade is active. It could be a good technical trade with a solid RRR. BUT, we have to keep in mind that the poor fundamental situation of this company could trump the technical analysis. This stock has some problems but it is still a great company with more than 200 brands.
NASDAQ:KHCLong
by SlovakTrading
BTC obvious BearflagBitcoin will soon fall to the $3200 again! There is an obvious bearflag in the BTC/USDT chart. Which is a sign for downfall. When the lower trendline breaks, it triggers panic sellers as the downtrend resumes another leg down. Just like the bull flag, the severity of the drop on the flagpole determines how strong the bear flag can be. I use the RSI as momentum indicator. On a crossover with the 70 i'll sell and by a crossover the 30 i'll buy, if their is a flag pattern. Keep in mind that this is just speculation!
Short
by The_Prince
1
Litecoin LTC Bear flag and H&S, Part 4Litecoin' completed it's move up, but eventually got stopped inside this big channel. With a few attempts to break that bearish pattern, it failed and started to drop again to the low of this channel. On the right we can see a bear flag or triangle. With the triangle having the the purple circle as a target and the bear flag having the yellow circle as a target. Usually the bear flag has the upper hand here, because triangle normally get formed after a second or third wave up/down, not at the first one. But a lot will probably depend on Bitcoin' of what it will do the coming days. For Litecoin', i think it's important that it stays above the support line of this channel and does not go towards the green zone again. Because it will become less likely this time that the support will hold. Please don't forget to like if you appreciate this :) Previous analysis:
BITFINEX:LTCUSD
by botje11
6
GBP/AUD 1H Bear Cypher @ 1.84000After hitting resistance of bear flag that pair is potentially forming on weekly It has now formed Bullish Three point correction wave, representing a Bearish Alternate ABCD pattern on 4H time frame. and Bearish Gartley on 4H as well Looks very bearish so far. Now,best thing about all this is that pair is currently forming a Bear Cypher pattern on Hourly opening up a very nice oportunity to short this pattern with extended targets well beyond my set target 3 on the chart. What do you think lads?? Looks Good?? Or Not??
Short
by TheDailyTrader_FX