To get to 100k, timely pullbacks to correct price will give a stronger bull run. Profits taken and new buying opportunities. Still PERMAbull. Traders worldwide glued to BTC 15 minute 24/7.
🔸️Ticker Symbol: $BAC 🔸️Timeframe: 4H 🔸️3X Bear Pattern 🔸️Investment Strategy: Short
TECHNICAL ANALYSIS: $BAC is currently in a 3X bear pattern. This means all three of our indicators are pointing in the same direction. We have our money momentum heading lower, a red dot meaning a key ema crossover and also our middle band has now shifted over from green to red...
We observe a clear descending triangle pattern. Key resistance area in a range of $1.2-1.185. In case of confirmation of this pattern, a fall of about 15-20% can be expected.
Short $MU CMP $72.14. Failed to claim 50 EMA. Downtrend continuation. MACD histogram turning negative. Bearish Pennant pattern. Possible short target $58-60
Let's be honest, we all knew it was coming...
Zoom out on the 4H chart and you might notice something rather odd. Now, you must concentrate and analyse the highs and lows of this complex analysis I've supplied you, perhaps take notes. A very Bearish pattern forming over 141 days of which Bitcoin ( BTC ) has varied in price from 29,000USD to 65,000USD, these Pump...
By the way ... this is the chart from 2019 ! Deja-vu 2021 ? ;-)
First HUGE up ... then bearish "HEAD-SHOULDER-HEAD" formation + "Bear flag (="Bull trap") ... then HUGE down!
History repeat itself !
Another Bearish short to test my 1h triangle. Still hoping for bulls as a breakout in bulls would climb higher definitively. This short should turn on my bottom blue trend line.
We are still in the bear channel, with the 50 EMA (Yellow) slowly getting father away from the 200 EMA (Blue). Price seems to be slowly fading to the down, with a possible falling wedge forming, which could give us a relief bounce to the upper line of the triangle.
My short setup is still in play.
Eyes open and safe trading folk.
Hello Friends , just like previous posts I published. BTC is in a bearish mode and will remain so unless we are able to retest the upper resistance (marked on chart) and have a break through, otherwise BTC is heading south towards LL and LH.
We have a decline in volume since this years ATH and there are several bearish patterns that have formed on various time...
gbpaud is in this triangle pattern on the weekly. Price than consolidated on the daily with price creating a bear flag.
1hr shows a breakout of that bear pattern with hopes that price retraces back to the 0.236/0.382 retracement zone.
