Hi all, getting straight into it, seems like BTC has printed a bear flag, unable to make a sharp recovery from that 1500 drop. Technically, the flag can be be as long as the pole, but given the wedging pattern that is forming, converging at the 6500 level, it seems that a breakout (to either side) may occur any time soon.
A key indicator to watch would be the...
Things look really bearish on a macro scale.
On the last breakout its now forming a clean pennant..
It could break upward forming a rising wedge or somekind..
Overal, im 95% bear and i dont expect us to go higher then 7500 from this point
Hello friends,
It's been a while since my last post; lack of time and an urge to do more research has mainly driven me to take a break from posting ideas on TradingView. I am still in the process of doing more research and study, but I figure posting once in a while couldn't hurt.
Since I have become recently very convinced about this, I am outlining a very...
Looks like a bearish pennant has started to form after a significant bearish move, if the price breaks out the bottom of this pennant then we could see some substantial bearish moves over the coming days and weeks. Keep an eye on this pair and I would keep everyone updated on what is happening over the coming days.
Price is forming a bearish pennant.
Stochastic has a bullish cross, DIs are moving in a bullish direction.
Kumo twisted belly up but if the price manages to break the topside it test the Kumo.
Also, Kijun sen has become support for price and we can see the bulls moved in at that price level leading the wick on the current candle.
As was predicted even couple of days before, BTC is going down. It finished forming of reversal "Head and Shoulders" pattern and the price dropped again below $9000.
Now, on 12H TF, you can see the well-known figure named "bearish flag" with the prospect of downtrend will continue.
Let's take a look at EMA trend lines - possible "Golden Cross" failed (purple...
Whats up Guys,
Bitcoin dumped yesterday and like ive mentioned before, the alt coin market went with it.
In a much shorter time frame than my previous ripple chart, we're looking at a bear pennant formed (symmetrical triangle). Showing all the signs of a dump, but like we already know, we need confirmations before putting our money where our brains are.
Set...
Look for a breakout below the bottom line of the Speculative Bear Pennant for a great short opportunity - dont get greedy and take your profits / then reanalyze.
Its better to miss MORE profit that lose money.
As always, intelligent disagreement welcome
Short Term Bear Flag Painted on the 5 and 15 Minute BTC USD Chart
Wait for a 5min Bar Close below the lower flag line - and short -
Target Close around 7600-7700
Medium Leverage
Tight Stop Loss in case it reverses fast
LEGEND
Purple Lines - Speculative Bear Flag Lines
As always, intelligent disagreement is welcome
www.bitmex.com
the bear pennant did what probability expected it to do and finally broke down...as it did it has now dipped below the neckline of the head and shoulders. There is a chance on the new 4 our candle that one of our 4 support lines can break its fall and bounce it back above the neckline of the head and shoulder before this 4 hour candle closes to prevent it from...
BTC Price action on 4hourly has, as in many micro formations, created another bearish pennant.
Lower timeframes showing some bullish support and comparing formation with previous bearish pennants of similar size we price could have a bullish fakeout before continued down trend.
$5,600k is a price target I have been watching from several angles and given the...
Always watch your volume.
If the price breaks to the downside of the neckline there is potential support at the .5 fib levels as well as Senkou B unless the Kumo begins to twist.
