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Bitcoin Bears Roar: Flagging Down to $52K? 🐻📉📉 Bitcoin Analysis: Rejection from Bear Flag Pattern on 4-Hour Chart 📊 Analysis: Bitcoin appears to be rejecting from a bear flag pattern on the 4-hour chart, indicating potential further downside. 💲 Current Price: Bitcoin is priced at $64,100, showing signs of downward pressure. 📉 Measured Move: The measured move of the bear flag pattern points to a target of $52,000, coinciding with a .382 Fibonacci retracement level. 🔍 Invalidation: Invalidation of the bearish scenario would occur if Bitcoin breaks decisively above the upper boundary of the bear flag pattern and establishes a new uptrend. 🛡️ Risk Management: Implementing risk management strategies such as stop-loss orders and position size management is crucial in volatile market conditions. 🔄 Stay Updated: Market conditions can change rapidly, so it's essential to stay updated on price movements and adjust strategies accordingly.
INDEX:BTCUSDShort
by Shibunacci
Tesla - Don't get caught up!Hello Traders and Investors, today I will take a look at Tesla. -------- Explanation of my video analysis: In 2020 Tesla stock created a beautiful break and retest of the previous all time high which was followed by significant continuation towards the upside. After this pump Tesla stock entered a long term consolidation phase, forming a bullish flag formation. Considering that Tesla just retested and rejected the upper resistance, there is a quite high chance that we will retest the next support at $120. -------- Keep your long term vision, Philip (BasicTrading)
NASDAQ:TSLA
by basictradingtv
1
Gold bull flag reviewI posted this chart in march on a bull flag that was starting to form with a projection to the dashed green. This is a great example of a longer term setup that rewards the patient. Of then these flags or wedges like to break out on strong volume and then dump for a retest, only to continue to project towards the target. If you had entered 6month to one year out calls on this setup youd be up 400-700%. I did not play this setup this time around but have played GLD bull flags in the past and like to use them as a way to get standard investment exposure to the asset with higher upside, this is also more capitally efficient. -For example a June 21st 2024 call was 300-450$ in that timeframe in March, these are now worth 1320$ -This was my same strategy for OXY longer-term calls
AMEX:GLDLong
by Apollo_21mil
APPLE $AAPL | APPLE BEARISH PRICE CHANNEL - Apr. 9th, 2024APPLE NASDAQ:AAPL | APPLE BEARISH PRICE CHANNEL - Apr. 9th, 2024 BUY/LONG ZONE (GREEN): $173.50 - $181.50 DO NOT TRADE/DNT ZONE (WHITE): $168.15 - $173.50 SELL/SHORT ZONE (RED): $161.50 - $168.15 Weekly: Bearish Daily: Bearish 4H: Bearish NASDAQ:AAPL price has been slowly moving through my previous DNT zone but was taking some time. I decided to make a new analysis with current structure and levels that I view as important. I made new targets for the bulls and the bears, but have kept the most recent targets still shown on the charts. Looking at the 4H timeframe NASDAQ:AAPL price has displayed strong bearish momentum, a correction, and then downwards continuation before it began to range through the descending channel. There has been bearish structure shown on the Weekly, Daily, 4H, and lower timeframes so I am leaning towards looking for shorts to follow the trend. Previous targets are still shown and will be linked below. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE! trendanalysis, trendtrading, priceaction, priceactiontrading, technical indicators, support and resistance, apple, aapl, $aaple, applestock, applestock, appleprice, appleanalysis, applestockanalysis, applestocktrend, appletrend, applepricedrop, applelong, appleshort, aaplshort, aapllong, aapltrend, applechannel, applebearishchannel, applepricechannel, applepricerange, pricerange, rangetrading, descendingchanel, bearishchannel, bearishpricechannel, pricechannel, bearishchannel, applecar, applenews, appletv, appleupdates, flag, chartpatterns, patterntrading, chartpatternsonapple, appleoptions, applecalls, appleputs, cpi, cpireport, inflation, inflationreport, applefundamentals, appletechnicals, techstocks, nasdaq, us100, nasdaqapple,
NASDAQ:AAPLShort
by TonyAiello
Bitcoin Rebound as War Fears Subside, Bullish Technicals EnsueBitcoin, the world's leading cryptocurrency, has embarked on a significant rally in recent weeks, defying predictions of a prolonged slump triggered by the Russia-Ukraine conflict. As war fears recede, investors appear to be regaining confidence in the digital asset, propelling its price upwards. Several factors are contributing to Bitcoin's resurgence: • Waning War Threat: The initial market panic triggered by the outbreak of the war has subsided somewhat. While the conflict remains a concern, hopes for a potential diplomatic resolution have bolstered investor sentiment. This has led to a broader risk-on environment, benefiting Bitcoin alongside other asset classes. • Technical Breakout: From a technical analysis perspective, Bitcoin appears to be breaking out of a bullish continuation pattern known as a bull flag. This pattern typically indicates a period of consolidation following a strong price increase, followed by another leg up. The recent price action suggests a potential breakout from this pattern, which could fuel further gains. • New Support Level: The recent price dip found support around $66,000, establishing a potentially new floor for Bitcoin. This level of support indicates increased buying pressure at that price point, which could prevent further significant declines. • Limited Downside Risk: Analysts point out that compared to its all-time high of over $69,000, Bitcoin's current price represents a relatively limited downside risk. This, coupled with the potential for further upside based on technical indicators, makes Bitcoin an attractive proposition for some investors. Is the Rally Sustainable? While the current momentum is positive, questions remain about the sustainability of Bitcoin's rally: • Macroeconomic Uncertainty: The broader macroeconomic environment remains uncertain. Rising inflation and potential interest rate hikes by the US Federal Reserve could dampen investor enthusiasm for riskier assets like Bitcoin. • Regulatory Scrutiny: Regulatory scrutiny surrounding cryptocurrencies continues to be a concern. Increased government oversight could potentially stifle innovation and adoption, impacting Bitcoin's long-term prospects. • Volatility Remains: The cryptocurrency market is inherently volatile. Despite the recent rally, Bitcoin's price could experience significant fluctuations in the future. Investors should be prepared for this volatility and maintain a risk-tolerant investment strategy. Looking Ahead The future trajectory of Bitcoin remains to be seen. While the recent breakout from the bull flag pattern suggests potential for further gains, several factors could impact its price movement. Investors should closely monitor geopolitical developments, macroeconomic data releases, and regulatory pronouncements related to cryptocurrencies. Despite the uncertainties, Bitcoin's recent rally demonstrates its potential as a volatile yet potentially high-reward asset class. As the cryptocurrency market matures and gains wider acceptance, Bitcoin's long-term prospects remain intriguing. However, careful consideration of the associated risks is essential before investing in this volatile digital asset.
BITSTAMP:BTCUSDLong
by bryandowningqln
Pendle bull flagPendle has been a market leader and has shown some alpha, the token has pumped on its own against the market at times. This looks like a multi day bull flag setup, you could also draw this as a contracting wedge. A completely reset stochastic is important here as well, this flag projection is over 9$. Any time the stochastic has dropped significantly below 20 the token has gone on an absolute tear. -Id love another test of 7$ in the next 2 days to confirm this flag -After this my long-term price target of 8-10$ will be realized
Long
by Apollo_21mil
2
TON goes to $10 ??? crucial area to hold !!!!Hey SSE community , As you have had many requests to chart the TON, today I will chart it for you #TON has started a strong upward trend in the last two months and after each new high, it makes a trading box and after the box breaks, it goes to new high, which is expected to be the new high of $10 if the current box breaks. Important support of TonCoin is the area of $5.8, which is both the bottom of the trading range and the upward trend line. If this support is lost, the 4.7 and 3.5 areas are demand zones for enter to the trade.
by SorooshSchool
Potential Bullish Flag on BTC/USD ChartA potential bullish flag pattern has emerged on the BTC/USD chart, indicating a possible continuation of the upward trend in Bitcoin's price. The bullish flag pattern is characterized by a sharp upward move (the flagpole) followed by a period of consolidation or sideways movement, forming a rectangular flag-like shape. This consolidation phase represents a temporary pause in the market as traders take a breather before the next potential leg up. In this pattern, the flagpole is formed by a strong upward price movement, while the flag portion is characterized by lower volatility and decreasing trading volume. This indicates that sellers are not aggressively pushing the price lower, and buyers may be accumulating positions in anticipation of further gains. A bullish confirmation signal occurs when the price breaks out of the upper boundary of the flag pattern, typically accompanied by an increase in trading volume. This breakout suggests that the momentum is returning to the upside, potentially leading to a continuation of the previous uptrend. However, it's important to exercise caution and wait for confirmation before making any trading decisions. False breakouts can occur, so traders should look for additional confirmation signals such as increased volume and follow-through buying to validate the bullish bias. Overall, the presence of a potential bullish flag pattern on the BTC/USD chart suggests that there may be further upside potential in the near term, but traders should remain vigilant and manage their risk accordingly. Thank you for reading <3.
BITSTAMP:BTCUSDLong
by ghostysellsdonkeys
BTC Done sweeping lows? While it is hard to predict what the impact the halving could have on volatility over the next week, it appears the BTC has swept the range lows, stayed inside the bull flag, and held OBV support. Bullish divergence on RSI 1HR confirms RSI reset is complete and we can (hopefully) start moving back towards the top of the bull flag over the next 2 weeks. I am still holding my 5X long position that I DCA'd into between April 12th and 13th and managed to place my stop loss out of harms way. I did drop half of my position side so that I was risking 2.5% of my BTC margin account instead of 5% when we popped up to $64,500 on Monday. I will sometimes do this when my confidence in the trend direction is low. Price target for this trade is $69,000.
Long
by jordanfray
An update on the bitcoin dominance charts double bottom patternWe can see that Bitcoin dominance is still on its way to the full breakout target from the double bottom pattern it broke up from a couple months ago. After breaking up from the neckline of the double bottom pattern it formed a bullflag and seems to have just recently broken upward from that bull flag. The target of the bullflag breakout lines up nicely with the double bottom breakout target giving us some nice bullish confluence to increase the probability of hitting the full target of about 57.18%. Once bitcoin reaches this level, it would not surprise me if thats when alt really start to pump afterwards. We shall see soon enough if that will hold true. *not financial advice*
CRYPTOCAP:BTC.DLong
by DrDovetail
2
BTC Bull Flag Potential Target $110,000 Bitcoin (BTC) has been consolidating recently, but analysts see this as a potential launchpad for a significant upswing. A technical chart pattern known as a "bull flag" is emerging, suggesting a bullish continuation could be in the cards. Bullish Flag in Play The bull flag pattern is characterized by a sharp price increase (the pole) followed by a period of consolidation within a narrowing price range (the flag). A breakout above the flag's upper trendline is typically seen as a bullish signal, indicating a continuation of the uptrend that preceded the consolidation. Analysts at Fairlead Strategies point to this formation on Bitcoin's chart, with the price consolidating above $30,000. A decisive break above the resistance level around $31,900, which coincides with the Ichimoku cloud indicator, could be the catalyst for a breakout. Targetting $110,000? If the bullish flag pattern plays out, technical analysis suggests a potential price target of $110,000. This target is derived by measuring the height of the flagpole (the initial price increase) and adding it to the breakout point. Not a Guaranteed Upswing However, it's crucial to remember that technical analysis is not a foolproof prediction method. The cryptocurrency market remains volatile, and unforeseen events can disrupt any predicted trajectory. Downside Risk also Present A breakdown below the bull flag's support level, currently around $51,000, would negate the bullish signal and could indicate a potential price decline. Cautious Optimism While the bull flag pattern offers a glimmer of optimism for Bitcoin bulls, investors should maintain a cautious approach. Close monitoring of price movements and adherence to sound risk management principles are essential when navigating the cryptocurrency market.
BITSTAMP:BTCUSD
by bryandowningqln