Both 1H and 4H, looks like a classic bear flag to me. Looking at the last couple days, looks like we are also creating a rising wedge. RSI and MACD are in natural zones. Our last pump, ETH broke upwards first, and BTC followed through. Now looking at ETH, looks like its a small head and shoulders. We can dump today, so be careful. I opened a short. TP: $8600
Bear Flag are Ranges that are repeatable trading chart patterns. Bear Flag chart patterns will have a directional bias depending on the previous incoming trend. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the...
There seems to be some very bearish patterns that bitcoin is forming this weekend. It is now creating a second bearish flag that if it stays within it's channel, we could see another drop. $8,500? I would monitor closely for the next 24 hours. Trade responsibly and this is just my opinion based on an observation pattern. Target: 8,500
I'm seeing a bear flag on the daily chart with a chance for bitcoin to drop to $8,500 USD if the very near future. Of course this is just my opinion and you should trade on your own will.
impulsed down and creating a hover, either we impulse down form here or head to the top of the pattern to complete the ascending.
risk entry on the first large continuation after we broke the double top then retraced
$SPX $SPY $ES_F As you can see, there's a bearflag breakdown currently bouncing from the would-be neckline of a h&s that I think will form a right shoulder and retest the broken bear flag channel.
a clear 3 touch large bear flag. on the 3rd touch we impulsed down and created a bear flag continuation, which can be seen more clearly on the 15M chart, set order below the mini bear flag after we created the second bottom of the flag. move to break even once we impulsed away and are about 1% in profit
NZD/USD pair was trading in the upward channel, forming a bear flag pattern. There is now a confirmed breakout of the flag support line. Wait for the pullback and short from there for a good risk reward profile. Le Classique... Like and subscribe to get more updates and ideas! Wish you luck in your trading!
Major Bear Flag on Weekly. I would be cautious because there are severe warnings all across asset classes that another global dip is incoming.
I am waiting for a breakout in one direction or the other, on the daily, which you can see below. On a lower timeframes I am expecting a downward move and the upward channel/bear flag support line retest. Remember, that we are trading confirmed breakouts only, and after a pullback, so that we could have a nice risk reward profile. I am somewhat short biased,...
breaking out of channel will lead to any result for swing for any trend line to touch.
245.5 Stop Loss 490.0 Take Profit GBPNZD
We cans see continue downfall aftwer testing the 3rd Touch. ThankYou
ETH is slowly coming to resistance 200 and there it will go strong down or it will brack up. My opinion is that it will go down because it is long time in a bear flag. But never know. If BTC makes move up to 8.2K that will EHT all so move up.
We Can see continue drop in downside. ThankYou
Looking Hard selling opportunity on the top of the Structure, watch Price and SELL. ThankYou
Background: Yesterday we saw a sizable price drop. Not to the extent that I was predicting but it got within $100 of the first target. Some of the factors contributing to this were continuing downward pressure, double top formation & traditional markets. Yesterday, Bitcoin was heavily influenced by traditional market price movements, which is why I will put a...