Get started

Bearflags

Double Trouble for Bitcoin - H&S + Bear Flag FormationsNot the cleanest H&S but it covers the criteria. In parallel, the recent dump also created a bear flag formation. Measured move to previous support level around 6200. Full measured move of the head to neckline would bring us down to 5921 Measured move for Bear Flag would bring us to 6025 Furthermore, I recently published an idea that showed similarities with the Dump, starting with a TD9 on Feb 12th. With the recent PA, it resemble closer the hours following the 5.5k dump.
BITSTAMP:BTCUSDShort
by AfterlifeTrading
3
The most decisive moment for Bitcoin. 2 more days at MOST!Hey everyone Looks like bulls are trying to push the price above that 7000 mark. This could be a big fake-out before the price eventually goes down below 3k, probably all the way down to 1k. We could even see a 3 digit bitcoin price for a very short while. Who knows! everything is possible with bitcoin. In details: The two red lines show us a rising wedge. Rising wedges, by nature, are bearish patterns. It is 69% likely to break to the downside. If we were to draw these two red lines differently, we would see a bear flag. That is also a bearish pattern and is most likely to break to the downside. If we were to take this rising wedge as a bear flag instead, then Bitcoin has the chance to see one more leg up before it breaks to the downside. That would eventually give us a target of all the way down to 3000k and eventually lower. At the time of writing this post, the price is battling at 7060$. The rising wedge will be invalidated if Bitcoin breaks above 7,600$ area.
COINBASE:BTCUSDShort
by UnknownUnicorn1866407
Altcoin market update + XRPUSDThe consolidated chart for the Top 10 biggest cryptocurrencies in terms of market capitalization (excluding BTC) shows us that the bear flag on the daily chart resulted in a drop to $530 where we found temporary support (actually a relatively stable horizontal S/R line). What we need here is for the price rebound from that level and surpass $610. As you can see on the chart, this level was a solid resistance in the past and it took some time before bulls break it after the last major drop registered on September 24, 2019. The total market cap for the leading altcoins remained almost flat for the seven-day period, loosing "just" $1.5 billion down to $63.1 at the time of writing. The Ripple company token XRP corrected its price to $0.172 on Friday, March 27 after buyers failed to capitalize on their previous attack of the $0.19 level, and were brought back down at the end of the session. The weekend of March 28-29 started with a similar move, but in the opposite direction and the “ripple” regained its position around $0.175. On Sunday, it experienced a hard drop to $0.162 and closed the seven-day period 10 percent higher. The XRP/USD pair opened the new trading period on Monday, March 30 by climbing up to $0.171. The coin is slowly but surely making its way up, step by step. A move in the zone above $0.18-$0.185 will set the ground for an attack of the $0.23. The $0.185 line is also coinciding with the Fibonacci retracement 23.60 line, which may serve as an endpoint. In terms of trading volumes, they dropped from $2.7 billion on Saturday to $1.7 on Sunday evening, which resulted in a 37 percent decline. We saw a partial recovery on Monday and Tuesday with the 24-h volumes hovering around $1.9 - $2.1 billion. Looking at the 1-h chart, no surprises as we are following the path down the very stable downtrend channel...
BITSTAMP:XRPUSD
by FutureBlockchain
4
BTC showing multiple Bearish indicatorsCOINBASE:BTCUSD Here we see that BTC has been in a long-term downtrend since June of 2019's high. More recently, at the beginning of this year it appeared as though we could be breaking out of this bearish trend, only to see a major correction to the downside spurred by macroeconomic events. Since the spike downward the price action of BTC over the past 2 weeks has lead to the formation of an Ascending Wedge. This is characterized by candles closing with higher highs, lower lows, and decreasing volume. It is also considered to be "more" valid if the fib retracement levels remain below the .5 line, which we can see, they still are. As supply gives out and bullish exhaustion takes over, we can expect to see a continuation of the long term downtrend. Coupling this with the macro environment we are all aware of, and I don't see BTC bucking this trend. Of course, it is possible that BTC is strengthened by these factors (as it was designed to be) and we see BTC enter a new bull phase. The problems I have with this scenario are that; 1: People aren't buying any risk On or Off speculative assets (stocks or even bonds) if they can't afford food or housing, which is a very real possibility in the coming months. 2: If hyperinflation drives the price of BTC to 100k, then it will also drive the price of everything else we own up. A cheeseburger could end up costing 10k. Does that mean it's time to go long on burgers? Adjusted for the rate of hyperinflation, the fact is that a 100 thousand dollar BTC would actually be worth much less than it would be today, but it wouldn't be evident in the charts.
COINBASE:BTCUSDShort
by VanBenno
2
Bear Flag? Inverse H&S / Triple Bottom?It appears as though Bitcoin is creating a "micro" series of higher lows forming a pennant pattern, similar to a descending triangle in appearance because of the downward sloping resistance. Where I have placed the first two Bitcoin Icons represents the higher lows, I'm still watching the pattern develop as the consolidation is taking the shape of an Inverse Head & Shoulders. An inverse head and shoulders is similar to the standard head and shoulders pattern, but inverted: with the head and shoulders top used to predict reversals in downtrends An inverse head and shoulders pattern, upon completion, signals a bull market Investors typically enter into a long position when the price rises above the resistance of the neckline. After long bearish trends, the price falls to a trough and subsequently rises to form a peak. The price falls again to form a second trough substantially below the initial low and rises yet again. The price falls for a third time, but only to the level of the first trough, before rising once more and reversing the trend. The RSI appears to be topping out, keep an eye on this. Where I have placed the 3rd Bitcoin icon is a possible third bottom if downward sloping resistance is too bearish.
COINBASE:BTCUSD
by ScotianBot
1
TRX/USD bearish indicationsHello traders Today today i am gonna be doing a quick and simple analyses about TRX/USD that made a Head n sholders reversal at an important Resistance level , witch defines a Bull trap. We consider traps the most powerfull indication of price action for decision making in trading. Now the price is making a Bear Flag, We belive the price has a chance to test the next important Support level . We Only buy this asset above the resistance after a bullish acumulation, or at the important Support level . Please support this publication with your like. You are welcome to follow us on the Tradingview. Best regard Sandro and Gustavo.
Short
by MarketMinds
80% confident what happens next $BTCjust another bull flag Already broke with retest Fundementals very strong JPM coin Walmart coin IBM coin Air Asia coin Libra Google token Many other major companies to follow once they see the free money in this space Fed can keep this stock market inflated long enough to find corona virus cure, even if it supply chain gets rekt This stock marked dies from hyperinflation, not from deflation. Helicopter money, negative interest rates before major recession. If deflation, crypto dies too. At least for a few years.
BITSTAMP:BTCUSDShort
by porterstone
ETHEREUM is forming Bear-flag,Wait for Breakout to SELL..Tp-$200Please Support this Idea with LIKE if it is Useful.... ETHEREUM Update.. The price is forming a potential Bear-flag pattern,wait for breakout to sell with initial target at $210 & final target at $200,If the price breaks above the invalidation level then the setup will invalidate.. For Entry: Wait for the formation of Bearish Candlestick Pattern to close on 1hr timeframe for confirmation to SELl.. Trade it with proper Sl.. Take entry only after price gives bearish signals.. Push LIKE & SUPPORT the Idea... *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
BITFINEX:ETHUSDShort
by Stargazer_fx
Is Hexo trading in another descending triangle / bear flag?I am dubious as to why Hexo doesn't have cannabis beverages on shelves in Quebec where "only" Hash & Cannabis Beverages are allowed as 2.0 products, or elsewhere in Canada when they have a Alcohol company like Molson backing them & involved in a JV via Truss? I just don't see why this pattern would play out bullishly when the company is diluting shareholders & raising money below the trading price? Does Hexo have a trick up their sleeve that will surprise the market besides overpaying for the Newstrike Brands buyout & growing unlicensed Cannabis, I think so, but it's not a surprise for the Hopium addicts, be prepared for more disappointment as Hexo slowly bleeds into the penny stock range where they started & belong! The 200 Day MA doesn't want to let Hexo break above it, very note worthy as the RSI looks like a H&S & Hexo has created nothing but lower lows since my previous chart linked to this one.
TSX:TLRYShort
by ScotianBot
2