Bitcoin is currently forming another rising wedge, as it did with the previous level of consolidation. I still see a bearflag forming all the same. The level we are at is much riskier than the one we dropped from previously... Be wary traders.
Why I think BTC will fall further to $7,500. (ETH will most likely fall with it) 1. Long term support trends 'extension' resides around $7,500 2. Bear flags 1 & 3 ( flagpole #2 and flagpole #4) price estimates consolidate at the long term support trend area around $7,500 3. Elliott Correction Wave C started at the November 2021 peak, and the 5-wave impulse that...
As in my previous post, this is still the formation of a bearflag, this however is the image with the wedge updated as of now.
As the title says, when the chart is flipped a fractal from the smaller bearflag (the smaller falling wedge in this image) is forming as a part of the, soon to be, greater bearflag. The target for this flag is around 10k.
When the chart is inverted a bearflag is shown. The flagpole extrapolation is shown with the yellow trend lines of equal length.
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...
When you have MULTIPLE confluences in SAME PLACE that could lead to high probability scenario. Those confluences that make MACRO and short term outlook on BTC so bearish are :- 1) LOG REGRESSION CHANNEL :- 2) Target of bear flag is just at that major support zone which coincides nearly with PREVIOUS ALL TIME HIGH as well. 3) As per wall street chart, it...
Taking a look at Bitcoin I think we're consolidating at support... this can't be good 8h shows trendline being battled
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...
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
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...
LINKUSDT Bear Flag formation. Expecting to adding on shorts from that top of this channel.
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...
A clear bear flag with a target that correlated to the golden pocket ratio (25K).
Hello Friends! I entered a trade at $38K and exited at $48K. Now I’m waiting for a confirmed breakout above $48,300 (200 day moving average). It must breakout and hold above that level (prefer above $49K to $50K) for a few days for me to trade the next potential levels up. Maybe wait until the weekly candle closes and watch the volume to support the price action....
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....
Short $RIOT CMP $17.21. Bear flag. MACD turned bearish. 9 SMA rejection. This one tried to break above 50 SMA but failed. Short Target 1 is $13 area
Hello everyone As we have seen a great loss of support level 1.078$ 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...