Get started

Bearish Pennant

BTC: BEARISH PATTERN! IF LOOSE THE SUPPORT TARGET WILL BE $21K!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BTC is not looking good. It is hovering near the support for the past few days and every upside move is rejected by bears. Looks like bears are in full control. In the 8hr time frame, BTC formed a bearish pennant-like pattern. It's already broken down from the pennant. But the last hope for bulls is the green support box. BTC is still holding this green support zone ($28k-$30k) for the last few days. If we get a close below $28k will confirm the downtrend and then we see a 30% move to the downside which will lead the price to the $21k-$22k level. Let's see this BTC can hold this support or break. What do you think about this? Do you think BTC is bouncing from here or do you think that we see a $21k-$22k level in a few days? 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
8
SOL/USDT : Formed a bearish pennant ! KUCOIN:SOLUSDT Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it ! $SOL has formed a bearish pennant at current level, So the majority is with bears. But as always; We have to be ready for both phase of market ! That's why I mentioned two trading setups on the chart. - If we get the rejection below the pennant, Then I'll located my Short on a proper retest of marked blue zone and aim for $84 . Trading Setup have been mentioned on chart ! - If we get the break-out above the pennant, Then I'll wait for another confirmation of break-out above the local S/R zone a $106; I'll locate my Long on a proper retest of broken S/R zone and aim for $19.5 . Trading Setup have been mentioned on chart ! Hope you enjoyed the content I created, You can support us with your likes and comments ! Attention: this isn't financial advice we are just trying to help people on their own vision. Have a good day! @Helical_Trades
by Helical_Trades
16
BTC: BREAKSDOWN! LOOKS BEARISH!!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 in LTF. BTC is making a bearish pennant in 1hr time frame and breaks down the pennant. Now, retesting the pennant. If you open longs then keep your SL tight. Looks like it goes for a test to the $42k level. If we are able to hold the $42k level then we can expect a good pump toward the $44k level. But if the $42k level doesn't hold then ready for $40k. Overall looks bearish in LTF so stay safe and wait for the right time. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Short
by CoreCrypto1
2
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
Important Buy Signal Flashing for AMC!Hey Traders, As you can see on the Daily Chart of AMC. A Technical Indicated a BUY. Historically these Indicators work very well among stocks, crypto, and forex. Even in the past of AMC stock, the BUY signals were great for this. However there is a chance I am wrong and this keeps going down, maybe take this to start DCAing. AMC's target for the recovery is $50 (Fibonacci Golden Pocket). We can put in calls/ longs to be in massive profits! Safe trading, -Pulkanator
NYSE:AMCLong
by Pulkanatir
USDT DOMININCE 1 HOUR UPDATE Welcome to this quick update, everyone. If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way. I also post altcoin setups on Spot, Margin, and Futures. I have tried my best to bring the best possible outcome in this chart. USDT DOMINANCE is making a bearish pennant pattern in a short timeframe so we expect a breakdown side of the support and conform the pannent pattern. What's your thought on this? Do hit the like button if you like this update and share your views in the comment section.
CRYPTOCAP:USDT.D
by CRYPTOMOJO_TA
Bearish Pennant forming on Shiba, time to enter a short!Hey Traders, As you can see on the 4HR Chart of SHIBUSDT, the price action has formed a nice symmetrical triangle/ bearish pennant. I strongly believe that this will break down to the downside mainly because of the MACD. In the rare case Shiba breaks out the price target is 0.000027 (+27%). My price target however for the breakdown is 0.000017 (-18%). Anyways, this coin is shit also because I have to memorize how many zeros there are. Safe trading, -Pulkanator
Short
by Pulkanatir
1
Never Gonna Give You UpNever gonna give you up above 4400, Never gonna let you down below 4300, Never gonna run around and desert you unless above 4415 Never gonna make you cry without volume during breakout, Never gonna say goodbye without closing below 4325 Never gonna tell a lie and hurt you below 4000 A Bearish pennant with plenty of other signals. Continuation to the downside after a period of consolidation between 4400 and 4300. Looking to open a short position(s) ~4390 and again at ~4349 with stops above 4415. Price target is 3994, 138.2% fib extension of flag pole (using SPX). Planning on entering an upside hedge for March with a PT 4492. >> Not Financial Advice << Chances of Rick Astley having another hit single is more likely.
CME_MINI:ES1!Short
by SPYvsGME
4
Deere in HeadlightsOn the monthly, weekly, and daily, DE does not look good. It may seem like a Bull pennant but I believe this is a long distribution. The newest weekly close is a rejection of the top trendline. I expect it to retest the bottom of the trendline and, if the overall market is doing poorly, then DE will fail to bottom out and fall off a cliff. Price action is the biggest determinant here. The RSI, MACD, and moving averages do not suggest a bullish breakout but are more lukewarm in their current status. The newest weekly candle closing bearish is, for me, a signal that DE will now fall.
NYSE:DEShort
by nathanielandrep