After three consecutive bearish candles under the bearflag it seemed as if breakout was confirmed and then suddenly a huge bullish slingshot cast the bulls upward again somehow closing back inside the bearflag and keeping it still in play and suddenly the chess match between the bears and bulls goin on inside the bearflag was back on even with the bulls down to...
As you can see the bear pennant I noticed forming 2 days ago while everyone was alreay claiming, "The bottom is already in!" and "We'll never see 7,000 ever again, trust me!" has broken down just like the majority of bear pennants do: Bearishly. Now you can see the price action is dropping at the same angle as the pole of the flag...which I always find rather...
In my last Idea I drew some lines of what I predicted would turn into a rather large bear pennant...and so far it's following the Trendlines I layed out for it precisely. It somewhat amazes me how that can happen...But I have switched the dotted blue lines of the equilateral triangle to solid red and havw added the pole of the bear pennant too that ts now looking...
Hello traders! Welcome to this new update on Bitcoin. If you look at this day chart, you will see that Bitcoin continues to trend downward. With so many technical analysis charts flying around it is hard to know what is right, and what is wrong. No traders on the planet are the same. We all see the same exact charts, but are we really seeing the same "support" or...
Chikou upcrossed the price earlier and is still trending upwards. Room for price to run. This is confirmed by the Kijun sen under the price, and the 50 day EMA also acting as support now. Tenkan Sen indicates market still accumulating with a trend picking up. This is confirmed by the strength of trend we see on the ADX at 25. Senkou Span A&B are both acting as...
Hello everyone, I hope you are having an amazing day. I'm here again today with another TA on BTCUSD Why are we dropping and what makes me think Bearish? Death Cross at 4H booth MA and EMA At 1D MA's are squeezing up. Always keep an eye on MA's and EMA's they act as support or resistance. Before I get started with the 'main' chart I want to say that I...
The bear trend will likely continue when we get to the end of this pennant. A lot of cryptos seem to be doing the same thing and pushing further down , a lot are hitting key buy zones. We will have to wait and see what NEO does here to have a better idea of the buy zone.
After a mega run up over the new year, ETH has fallen on some hard times. Right now, ETH is below the daily 20EMA and 50MA; typically this means a move to the 200MA is the next likely target. There are other bearish patterns in the mix as well including a large bear pennant and small bear flag. The first target for ETH will be ~$600. We should see a large...
MACD about to reverse to bullish on the 4hr, rsi is hitting the historical reversal zone, and it respected the bearish pennant that is drawn in lighter orange. We would really need a good push with volume, which is definitely possible with VEN's new BMW partnership announcement. However, we did just have the rebranding event, and I feel like everyone who wants to...
Outlook for BTC continues bearish as current failure to break downtrend resistance at $8,4k has potential to put BTC into another bear pennant . Indicators looking bearish on all timezones from 1hr to 4hr and sell pressure continues to build. At this point the best outcome for price action is that a bounce and reversal is found in the A box, which would cause an...
Verge (XVG) is currently a very interesting coin to look at - in this analysis, I will show XVG from different perspectives, both in the short-term and long-term. Where XVG truly goes all depends on future movement, but I hope to give a general sense of XVG's position. XVG broke downwards, stopping, as it seems, along a trend line that is roughly around some of...
Verge (XVG) has been the target of a lot of buzz and volume, and as we approach New Years, the chart seems to reflect the uncertainty of the buyers and sellers. On a smaller scale, there is a visible symmetrical triangle, nearly perfect at each being 20 degrees, whose breakout will likely determine the path of Verge. There is also a potential larger bearish...
Close to breakout at the end of a pennant, but a bearish one this time. If its the case we could see a proper correction to sub 1.60 level.
BTCUSD update: Minor retrace to the 18k level followed by a bullish pin bar off of a narrowing channel that points to an attempt at 20k. Now that both the CBOE and CME futures are in play, I anticipate more and more price noise in this market, and based on the current structure, a test of the psychological 20k level. As far as levels goes, not much has changed...
BTC/USD is forming a bearish continuation pennant currently. should reach the target / support level as labeled on the chart. it may see a larger correction from there which is long overdue, but at this point I've no idea.
Here you can see a clear image of a bearish rectangle, showing that the bearish trend halted and began to consolidate. It respected the rectangle perfectly for over 12 days without any large breakouts. As time moved on it was comfortably within the rectangle however at the same time was being squeezed into a bearish pennant. This was a case of waiting patiently to...
Hello Fellow Traders, What we are looking at right now is a bearish continuation pattern. That being said the 4127 region is a very very important place to watch. It is do or die for BTCUSD. If the bears win we will see 3000-2900. If the bulls win we will see 4500s and we will take a look at where we are going after that. Happy Trading
If you click "share" - "make it mine" then you will be able to set up alarms on those lines as I described for yourself. In case of a proper break out, the conservative target is indicated by green line and actual target is indicated by orange line. However, we can stop going down at any of the major supports that are indicated in my previous idea (linked...