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FLAG

BTC is going down -30-50% / bear flag Bear flag pattern A bear flag pattern is typically discernible on a candlestick chart. It is constructed from the flag pole, which indicates the rapid decline preceding the retracement, and the flag itself represents the actual retracement. As a trend continuation pattern, the bear flag chart is considered a trend continuation pattern. The price pattern will first trend downward until a new support level is established. It's heading down to $30000 then $20000 IF THE pattern succeeded . All the best..
BITSTAMP:BTCUSDShort
by K-alonzi
7
Market Unpredictability This is a perfect example of the market sometimes not going your way. I shorted on the first bearish flag thinking of course that this is one of the strongest indicators of market direction and I got burned (lost a little money). My mistake: Not looking for other signals. In this case the 20ema crossed over 50ema sending the price up. Sometimes you have to look at more than 1 indicator or pattern, this isn't always the case but it is better to have 2 signals than one. The second time both the indicator and chart pattern aligned perfectly together and as a result the market dropped as expected. I want to be clear that you should never jump back in so fast in a trade, personally after a loosing trade I step back for a day or two or trade another pair. But in this case the analysis was strong and it led me to some profits. The market is always going to do what it wants, all we can do is analyze, prepare our risk management and execute.
by Tradingday22
4
unconfirmed breakdown of the bearish flag patternit seems bitcoin is forming a bearish flag pattern. we can find a breakdown in this pattern, but we still can not confirm this breakdown for the following reasons: 1- the Volume is to low 2- The price has not left the Break Down area quickly 3- We can not identify a strong red candle To confirm this breakdown, Bitcoin must first breakdown the Renko swing pattern. If the price returns to the flag pattern, the current failed breakdown can be considered as a potential spring.
by cryptoonchain
#Bitcoin looks attractive againThe crypto market is giving bullisg signs. TRADESTATION:BTCUSD made a good breakout from an ascending triangle and now is making a flag pattern. A breakout from this zone should confirm the next bull run for crypto. Even stocks with influence on the crypto market are looking good, like NYSE:SI , which I have it on my watchlist, I will take a position on the green zone with a target sell at the blue zone for a +12% profit. But, depending on how it behaves I may hold to the resistance zone at $63,500 or even buy more on the way up.
COINBASE:BTCUSDLong
by dpuleo19