Bear Flag is a continuation pattern. The current trend is down and is now consolidating in a bear flag. Short if and as it breaks at least $0.50 below the bear flag. trail stops down diligently as bear markets are prone to sharp bear rallies. Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own...
Hello everyone In the past week we had almost 28% fall of the price which brought the market a lot of liquidity and insured a healthy market. I think we may see lower prices for NEARUSDT which can be the continuation of bear channel in 4 hours time frame ,but if we look at it with positively we may get an IOI (inside, outside, inside) pattern or a pinbar (set...
hello everyone Yesterday's bar been closed with a lot of selling pressure and a shadow the same size of the bar on top, which is not a good sign for the market.if this price behavior continues we may have a bear flag formation right here (can be seen better on lower time frames). For DOTUSDT ,we have the resistance level of 17$ and support level of 16$ and...
Hello everyone As we have seen a red bar on almost all of the assets yesterday, the candle left a big scar on the market.A red bar with a big body might be the indication of a bear market continuation. We have a resistance level of 0.625$ and the support level of 0.58$.If our support level fails,our next support level is 0.5$. I believe it's most likely to...
Hello everyone As most of the analysts were wrong ( including me of course)the candle from yesterday didn't create a successful reversal pattern and instead we may get to see either a bear flag pattern( on the good side) or we may face another red bar for tomorrow. For now, for ADAUSDT,we have the support levels of 0.82$ and 0.78$ and as for the resistance...
Hello everyone In past couple of days, in FTMUSDT ,the price been in a range between support level of 1.08$ and resistance level of 1.20$, which shows a bear flag structure but in my opinion with a less likelihood of going lower; because we have a wedge formation on weekly time frame( what you see on higher time frame IS more reliable). With that been said,I...
DJI on the 4h chart is trading near to a daily support. The price after the recent top creates a right shoulder and is testing the neckline area with a possible bear flag formation. How can i approach this scenario? I will wait fro the EU market open and if the price will break below the support area i will check for a nice short order according to the...
BTC bear flag Idea, not sure how I've only just spotted this but this could be a big downside move for BTC past 30k back to possible 18-20k levels
Looking at BTCUSD on the Weekly TF (LOG) It was apparent that LT Trend touch attempts were made by the Bears after ATH levels had been locked in. With the current Weekly Bear Flag formed within the current Ascending Range, I am questioning whether another LT Trend retrace is in play. Noted there is some strong Support to break and hold BUT as former ATH (20k...
As the price keeps going lower with no signs of recovery, I think there is a strong case for this being a bear flag that targets the 200 day MA on the weekly chart.
Hello Traders, Today I will be discussing the formation of a Bear Flag and what this means for Bitcoin. - As you can see on the chart BTC has been consolidating in an "Ascending" parallel channel since January. 1) An ascending formation is typically a Bearish signal. 2) In conjunction with the downtrend from the highs at $69K in November, this creates a bear...
HEY EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE, AN IDEA ON THE GOLD METAL THIS WEEK. * The metal has been Correcting for a couple of weeks now, seems we have entered some slowing down in momentum with the bears as we ranged in a Bear flag possibly signaling continuation. - Short term the METAL has currently Rallied with a down trend as WE broke below...
Hello Friends! It looks like a bear flag is forming on the weekly. Last time BTC moved up to $69K it was trading above the 50 week. Now it’s below the 50 week and looks like a flag is forming between the 50 and the 100 week. Break below the 100 week can push it down to $20-25K (200 week). As always thanks for your follows, likes, and comments. Let’s learn and grow...
Bitcoin break out but that isn’t enough to have the bills to get full control. As you see now is triple too and rejection hit from 4HR Chart and rejection bullish breakout from 1HR Chart; will drop test to to 36 or 35K if it breaks then on the way down to 27K. Let’s see how it plays first and watch any reversal buys hit.
It made a breakout and seemed to be a fake out; technically now we are still in a bearish market. In order for Bitcoin to be back to bullish then has to break the 48K Resistance but didn’t happen; it’ll go short down to 38 or 35K if the support breaks then will big drop more down about 27K. Let’s see how the bearish plays and how long will control it looked...
There is silence before the storm ... If the whales do not activate
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE. NEW WEEK, NEW OPPORTUNITIES. LOOKING AT THE POUND / YEN * A beautiful break below the support level triggers this trade, we saw a breakout of an ascending channel that saw significant momentum toward the downside. - Short term the pair looking for a momentum continuation possibly signaling a strong...
It needs to hold and close above the 200 day this week (35000). Unfortunately if it doesn't I think it will come back to retest 33180. Not sure if this was a sell the rally event. I hope I'm wrong.