Hello Traders,
Today I will be discussing the formation of a Bear Flag and what this means for Bitcoin.
- As you can see on the chart BTC has been consolidating in an "Ascending" parallel channel since January.
1) An ascending formation is typically a Bearish signal.
2) In conjunction with the downtrend from the highs at $69K in November, this creates a bear...
After breaking the downwards trend to the upside, the $BTC price has crashed back down into the wedge, forming a small bear flag inside. IMO this is showing that the mid-term pattern that $BTC has been in will break to the downside. This will possibly be a big "fake-out" for bears and might cause some sort of a short-squeeze situation. In anticipation of that, I...
We have this scary bear flag on the 4 hourly that nobady is looking at. Bear flag break-outs are usually the most accurate break-outs from all patterns.Thats why i entered short position at 29.9k but we have so much support under my entery price so i am going to take my profits at 27.3k,25.5k, 24k and possibly at 20k.
Be smart, trade safe and i wish you good...
Hello everyone
As we see New York markets struggle in the past couple of days,many down fall of prices in the different markets are noticeable,however in EURUSD we can't see that much change.
Now the price is in a horizontal trading range with long shadowed bars ,after a trend line break, late in a bear market;I don't know about you but this screams final...
Bear Flag is a continuation pattern. The current trend is down and is now consolidating in a bear flag. Short if and as it breaks at least $0.50 below the bear flag.
trail stops down diligently as bear markets are prone to sharp bear rallies.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own...
DE gapped below $400 with some strength and now a clear bear flag is formed.
Ideally I would like to see some more consolidation inside the flag, however keep an eye in which direction this will break to.
Above, could try to fill the gap to $400
Below, could test $372 and $362 levels
Hello everyone
As we have seen a great loss of support level 1.078$ and 1.06$ on EURUSD, now we have the support level 1.05$ which leave us with possible outcomes of:
- Continuation of the wedge that can be seen in 4 hours chart as bear flag which is more likely because of the last daily bar with the shadow almost as long as the body and the context of bear...
BTC currently sits at a major crossroad. We just broke down and negatively retested a very pivotal MA which has three times in the past sent BTC tumbling down 46 - 58 percent (scroll back to 2014 and see the same event play out).
Should history be anything to go by, we should see a down leg of approximately 40 percent, which aligns almost accurately with the 61.8...
Hello everyone
In the past week we had almost 28% fall of the price which brought the market a lot of liquidity and insured a healthy market.
I think we may see lower prices for NEARUSDT which can be the continuation of bear channel in 4 hours time frame ,but if we look at it with positively we may get an IOI (inside, outside, inside) pattern or a pinbar (set...
hello everyone
Yesterday's bar been closed with a lot of selling pressure and a shadow the same size of the bar on top, which is not a good sign for the market.if this price behavior continues we may have a bear flag formation right here (can be seen better on lower time frames).
For DOTUSDT ,we have the resistance level of 17$ and support level of 16$ and...
Hello everyone
As we have seen a red bar on almost all of the assets yesterday, the candle left a big scar on the market.A red bar with a big body might be the indication of a bear market continuation.
We have a resistance level of 0.625$ and the support level of 0.58$.If our support level fails,our next support level is 0.5$.
I believe it's most likely to...
Hello everyone
As most of the analysts were wrong ( including me of course)the candle from yesterday didn't create a successful reversal pattern and instead we may get to see either a bear flag pattern( on the good side) or we may face another red bar for tomorrow.
For now, for ADAUSDT,we have the support levels of 0.82$ and 0.78$ and as for the resistance...
Hello Friends!
BTC broke below a bear flag but the break wasn’t strong to push it firmly into the $30,000s. Currently it’s fighting to find strength to break above A1 resistance line. A failed attempt might push BTC to break below A2 resistance and $30,000s might be in play.
As always thanks for your follows, likes, and comments. Let’s learn and grow together....
Hello everyone
In past couple of days, in FTMUSDT ,the price been in a range between support level of 1.08$ and resistance level of 1.20$, which shows a bear flag structure but in my opinion with a less likelihood of going lower; because we have a wedge formation on weekly time frame( what you see on higher time frame IS more reliable).
With that been said,I...
DJI on the 4h chart is trading near to a daily support.
The price after the recent top creates a right shoulder and is testing the neckline area with a possible bear flag formation.
How can i approach this scenario?
I will wait fro the EU market open and if the price will break below the support area i will check for a nice short order according to the...
