Bearish Flag

First Bear Flag broke below the channel...still valid, shows ~4.5-4.9k the bottom of the pole. Second Bearflag being created, if the channel breaks, BTC is going to $5,387.3 Best of luck.

Bitcoin rejected the top boundary of the long term trend shortly after squaring up the previous 4 hour candle drop from 7400 to 6900 on August 12th. With the return of the heavy volume dumping, we see the formation of a new 240 bear flag. This drop in price action is hitting harder and faster than the last drop from the 8400 area to test the bottom around the ...

Bitcoin is further consolidating in a tight range today. The immediate pattern it draws is a bull pennant, but the entire structure can also be seen as a another bear flag. A daily close above the bull pennant structure would be considered bullish, a daily close below 6.4k would be considered bearish. The red rectangles are areas of major resistance. I assume that ...

Im entering short from 6400-6550 area

Since the short-term structure remains bearish, I am incline to wait for a selling opportunity to pop up

Another pair on my watchlist for the upcoming trading week. It's EURCAD and it looks like it is breaking out of a bearish flag. We can see the confluence there, with the descending trend line from the Daily chart, the previous support zone which has turned into resistance and also the 61.8 fib. The point of least resistance here is down, at least until the support ...

BTC appears to staying within a 4h channel. It appears that we might be forming a bear flag on the weekly, and we need to continue to see diminishing volume if the pattern is to play out. The price action still looks weak because BTC is slowly grinding upwards with a lack of impulsive behavior as it breaks resistances, accompanied by declining daily volume. ...

Current short term situation looks like the bear flag has been invalidated. With a 1D close above and test of the top trend, it is a safe bet that BTC is going to take another leg up to $71XX or possibly even extend to $78XX. Alts should follow as long as BTC doesn't move too fast. However, we are still in a bear market so we must remain cautious. If my theory ...

Bear flag! currently breaking to the downside, wait for today to close and then look short for the next couple of weeks. about to be a large move to the downside!

Bears appear to be maintaining full control after the extremely powerful dump. Muh 6k bottom is in more danger now than ever. If we don't see heavy bull volume soon I expect bears to resolve this pattern to the downside. My bottom target before a true bounce is at 5250. Target comes from the measured move of the bearflag and the weekly 100 MA.

The breakdown of the descending channel started April 2018 failed and price came back into the channel while forming a likely bear flag which also broke late on Thursday. Although price has been consolidating in the 1197-1205 for 3 days before moving higher, I do expect price to respect the bear flag breakdown and retest mid August lows of 1160. if 1200 holds, we ...

A bearish flag has formed on the intraday chart. A downward break of that flag would set up a short term bearish trade with an optimal price target of 1185 and potentially lower.

Bitcoin is printing a bearflag on the daily with a huge "fuck you, bulls" candle yesterday. If you looked at my last post you'll see I was expecting a dead cat bounce to 6.8k - 7k. I now believe bulls are running out of time to put together a bounce, and if we don't see a bounce soon, the shooting star wick we got into the 7k range might have been the "bounce". ...

6K has been a very strong support but it has broken earlier this year and it is very possible that it may once again. I think the likely delay of the ProShares ETF should be just enough to push BTC lower below its current consolidation zone. With the best recent news (BAKKT) hardly move the market at all being an indicator of the level of negative sentiment abound ...

Okay, so there a couple of points I would like to make. First, everyone is contributing this spike to Bitmex shutting down its servers for maintenance, that is probable, but let me explain that Bitemx is a Futures exchange: a bitcoin derivative, something few people understand, which means that they do not actually trade bitcoin, instead they trade contracts and ...

A very classic bear flag giving rise to a continuation of the previous downtrend.

The EUR/AUD pair is currently in a downtrend after being broke out from a symmetrical triangle. It is currently facing pullback which can be construed as a bearish flag pattern. We expect the pair to be bearish once it breaks the flag pattern.

Price breaks down the support and its forming a BearFlag ,using the bear flag pattern i will be looking to short the trade when it breaks from the flag ,means when it breaks the previous lower lows.AND THE FIRST target will be 1.5550.