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Bearflags

Emotions,Emotions, EmotionsAs previously stated in my last post, The 30k support is getting weaker. Which ended up breaking, sending BTC to a daily low of 28,800. Which was my swing range. Causing BTC to break down out of the bear flag briefly then back up to a previous support of 34,500. Which is now resistance. If 34,500 is broken and cleared it would take BTC out of the descending channel it is in, to the top of the bear flag. Which is the 38 range. If BTC breaks down from here I’d expect it to test 28 again, possibly 26. With many indicators turned bearish my moneys on low ranges. BTC’s good at sending false signals I will await the next good trade setup.
BITSTAMP:BTCUSDShort
by Cocococo2
Bitcoin cooldown 2021-2024End of a wyckoff distribution phase confirmed with the markdown beginning with its descent from 59k since May. If there was a double bottom built here in the current context range, I'd mark this as a start of an invalidation of the trend break and continue its ascent up. The range buildup here is now a dangerous signal and building a bearish flag . I never feel sure especially with BTC so I'll be staying out of it by holding 50% cash. If the bearish flag is valid, pole height estimates price movement down towards 20k, which conveniently meets . 786 retracement which is where my next buy and hodl zone will be.
INDEX:BTCUSDShort
by showmethat
EURJPY on a bear flag 🦐EURJPY after the recent high moved lower. The price is now moving inside a bear flag and according to Plancton's strategy if the price will break below we will set a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
BTC bear trap or bull run death?Hi traders I want to share this idea because it looks interesting to have it in mind ... just in case. I honestly dont think this can happen... but we all know that anything is possible in crypto market. We see a big bear flag formation almost completed, which if it is not a bear trap, could lead the price to 18k - 13k (green fib projection). 18k is the 0.886 retracement (blue fib) of the impulse since october 27 2020, when this bull cycle began. Also, if we plot volume profile since oct 27, we see that 18k was the most traded zone since this bull run started. Are we being scammed by manipulators ? Or is this the end of the bull cycle? ATM we are sitting in the second strongest zone of traded volumen on this bull run ... so yes, this could be a trap. Or is crypto market going to radically shift after Ripple's lawsuit ends? To finish, How can we successfuly trade this? Simple, waiting from the outside until market structure change to a clear bullish trend again. I do not recommend to take any position right now since we are in this uncomfortable situation. Let me know what do you think about this. And give me a thumb up if you find this is good content. Peace and Joy! Crypto SolArb
BITSTAMP:BTCUSD
by CristoJarabaFX
Early Bear Flag FormingHi everyone, Thanks for reading my idea. Before reading this idea, I highly suggest you read my related ideas first before you ask, why are you so bearish? If my last idea, "Potential Inverse Head and Shoulder. Target 41.7K", plays out, we may be forming a bear flag. What we're experiencing right now, IMO, is that this is just a breather, and Bitcoin is just chilling at 30-40K area. Sooner or later once the bear flag intersects with the 4H 200MA (see estimate projection - yellow dotted line) and if we see a rejection from there, the target to this bear flag is at 18K. Anyway, this is just and idea. I'm not saying it will happen. NFA. DYOR. TAYOR. Cheers,
BITSTAMP:BTCUSDShort
by Juvssss
4
Ascending Structure + Bear Flag continuation after the Breakout.NJ has been catching a lot of people on the wrong side of the market with short setups this past month, Price just gave us a reverse impulse and a correction (circled part) that looks like it could be continuation to the downside, I'm not really interested in jumping in the potential sell first thing when market opens, I am more interest in the continuation after the breakout, So I'm happy to stay on the sidelines and see how it develops.
Short
by LesLeso
1
EURCHF retest the resistance 🦐EURCHF after the break below moved in a bear flag for a retest of the weekly resistance. The price has now reached the minor support at the previous lows and according to Plancton's strategy if the market will break below we will set a nice short order. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
Short
by InkyGrip
Please welcome the Bear Flag to the PTON chart!If you have been watching the PTON chart for the past few weeks and/or been following my ideas over the past two weeks, you would have seen the head and shoulders pattern materialize/activate. However, earlier this morning, a new pattern entered the mix! As you may already know, it is very common for the price to come back up to the neckline of the H&S pattern after breaking below, so there was no reason for people with short positions in PTON to panic when seeing the price rise rapidly over the last week. The twist here is that not only is the Head and Shoulders pattern still valid, but there is now also a valid bear flag in play! This bear flag was a few days in the making and was confirmed earlier today. The reversal pattern (H&S) initiated the downtrend by reversing the uptrend and the continuation pattern (Bear Flag) along with the active H&S pattern will most likely pull the price down: Price Target 1: ~$70 Price Target 2: ~$55 If/when the price can hit the first target, we can hope for the price to go lower and hit the second target. Please view my last three ideas for reference of the Head and Shoulders pattern. I will keep this idea updated with any updates to my stance on this.
NASDAQ:PTONShort
by Sri2Trill
FLAG PATTERNS & PSYCHOLOGY BEHIND BULL AND BEAR FLAG FORMATIONSHi everyone and Good morning. Welcoming you back (after 18-week break) Thanks for your like and supports. This is Part 3 of my Technical Analysis series of CHART PATTERNS BULL AND BEAR FLAGS Now, for those meeting the words BULLS and BEARS for the first time, these are terms used to describe the buying and selling action of traders BULLS generally refer to the price action of buyers as they drive Stock PRICES UP, while BEARS refer to the selling action of sellers as they drive stock PRICES DOWN. For starters, let’s define what a Flag pattern is: A flag pattern is a TREND CONTINUATION PATTERN . It is named a flag pattern because its formation resembles a flag on a flagpole. The pole is usually the result of an almost VERTICAL RISE IN PRICE, and the flag part results from a PERIOD OF CONSOLIDATION When the price breaks out of the consolidation range, it triggers the next move higher. Flag patterns can either be BULLISH or BEARISH. Follow me closely, as We will now look at BULL and BEAR Flags in turn: BULL FLAGS Bullish flag formations are found in stocks with STRONG UPTRENDS. They look something like (sketch 1 on chart) As can be seen on the sketch 1 chart above, the pattern starts with a STRONG, ALMOST VERTICAL price spike, that eventually start losing steam forming an orderly pullback where the highs and lows are parallel to each other forming the FLAG in the form of a tilted rectangle. The tilted rectangle (flag) usually breaks to the upside resulting in another powerful move higher, usually measuring the length of the prior flag pole (Let’s consider the sketch 2 chart) Now let’s look at BEAR FLAGS : The bear flag is an upside-down version of the bull flag. It has the same structure as the bull flag but inverted. looks like sketch 3 As can be seen above, the flagpole forms from an ALMOST VERTICAL price drop, which is followed by a period of consolidation, with parallel upper and lower trendlines forming the flag. A break of the support structure of the flag, results in another move lower, with the same length as the prior pole. Just as with any Chart pattern, there is usually psychology behind its formation. Let us look at the PSYCHOLOGY BEHIND BULL AND BEAR FLAG FORMATIONS: On bull flags, the bears (short sellers) get blindsided due to complacency as bulls (buyers) charge ahead with a strong breakout causing bears (short sellers) to either panic and cover their ‘shorts’; or add to their ‘short’ positions. Once the stock is in the consolidation stage, the bears (short sellers) regain some confidence and they add to their ‘short’ positions with the expectation of a price drop; only to get trapped again when the price break to the upside causing short sellers to cover their ‘Shorts’ thereby driving prices even higher Since some short-sellers from the initial flagpole run up may still be trapped, the second breakout forming through the flag can be even more extreme in terms of the angle and severity of price move. That is precisely the psychology behind BULL FLAGS; and that same psychology applies on BEAR FLAGS, just in reverse. Now let’s consider the sketch 4 on how we can make money from bull and bear flags: On a bull flag, you typically want to enter a Long trade on a breakout to the upside. Take profit target should be the same length as the prior flagpole. Stop loss should be placed just below the broken resistance line, which will now be acting as support. I will leave it here for this week, that’s all I had in store for you. Follow me And JOIN me again next week as we will be talking about another Chart Pattern that works. Until then, here is to Profitable trading!
COINBASE:BTCUSDEducation
by TaherJalili
6
USDCHF on a bear flag 🦐USDCHF after our last analysis broke below the support area. The market is now moving inside a bear flag and according to Plancton's strategy if the price will break below we will set a nice short order. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
4
US100 13756.0 + 0.04 % SHORT IDEA * PRICE ACTION & STRUCTURE HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE NADAQ INDEX. * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
UShort
by PULEMokhothu
USOIL 61.19 - 1.94 * PRICE ACTION & STRUCTURE CONT. PTTNSHELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GOOD ONE IN THE MARKET THIS WEEK, HERE'S A LOOK AT THE CRUDE/ USOIL . * follow your entry rules on entries * significant moves with the bears change the plan. lets see how it goes. many stars must align with the plan before executing the trade, kindly follow your rules. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
TVC:USOILShort
by PULEMokhothu