CHPT about to fall?Same idea as LCID, Look in the left how the last bear flag played out, and again we are seeing the same pattern.
The only difference is that it seems that price broke below the bottom of the channel.
Could see 8.60
Bearflags
Gold 4hr time frame bear flag There is a bear flag in 4 hr time frame if old support breaks which i mentioned in the charts then price can go and tag the flagpole target.
this is not a financial advice please do your own research before investing.
BTC Ascending triangle or a bear flag breakout?I'm looking at BTC chart in multi- timeframe. BTC broke symmetrical triangle, formed an ascending triangle but rejected at the resistance level 22.5-22.8K. Today BTC retested symmetrical triangle trendline and can bounce, or it can touch the lower slope of ascending triangle before major bounce. There is a warning sign as well. BTC has formed a gigantic bear flag with the target 11K. If it breaks down the blue parallel channel or Ascending triangle , A bear flag mode will be activated and more likely it will dump to cause a final capitulation.
I give 75% probability to a scenario A and 25% -B based on my previous published analysis. You can also check them to understand why I'm more bullish than bearish.
Bitcoin Bear FlagBear flag on 4h chart. If bitcoin's price falls below 18600$ then there is 75% probability to continue dumping at lower levels. One target is 15.000$
A more catastrophic scenario would be at 12.500$
Normally a flag heads to the direction of the initial breakout, but since there are many fakeouts in crypto markets, I expect a first a pump at ~22k so more longs can be liquidated. Then a dump that could be time developed in the cross of the flag's lines.
Bear Flag might be in play for BTCHello Friends!
Volume is still low and it looks like a potential bear flag in play. If it breaks below, I see $17,600 as its 1st target. Break below that level might open the door to $16,500.
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
*This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
Bitcoin Bear Flag and WedgeAfter breaking down from a wedge with a 15.6k target ultimately, Bitcoin has entered a Bear flag which has a 20k target. We have technically had three high and three low touches on the bear flag on lower time frames but one was very close together. If this doesn't break down soon, then it could head to 21.3 for a final tap of the flag before we head lower.
Rinse and repeat?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.
Short term (very) Bearish BTC and ETH. Very long term Bull.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 makes up Wave C consolidates around $7,500.
Some very Large investment funds ( like 3AC and MicroStrategy ) are getting close to a margin call. Any collateralized BTC will be sold and may cause a cascading effect in liquidity pools.
If any large LP with high TVL amounts get effected, we may see a 'bank run' on LPs. This could then effect leveraged traders who then get margin called.
Any ETH locked up with BTC as collateral will get wrecked, further crashing the market, and (of course), people will panic sell during all of this.
...but, maybe all this just never happens and BTC hits $1 million this year?
An update to the bearflag formationAs in my previous post, this is still the formation of a bearflag, this however is the image with the wedge updated as of now.
We have a huge bearflag forming on the inverted chartAs 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.
More bearflagsWhen the chart is inverted a bearflag is shown. The flagpole extrapolation is shown with the yellow trend lines of equal length.
BTC - THE LAST STANDBTC 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 retrace of the move from 2020 lows.
Can we move upward from here? Yes! But we would first need to reclaim the MA, and in this regard, the statistics are against us. BTC has failed to regain it in all instances.
Moving on to technicals, we can see BTC clearly breaking down a huge bear flag. I'm not calling doomsday here, but all I'm saying is to exercise caution with longs at this point.
In summary, anywhere between 23k and 27k is very possible, maybe immediately, maybe a bit later in the year.
This is not financial advise in any manner. DYOR and manage your risk properly.
Best of luck from Commodore!
BTC heading down to 18-20K 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 seems to ME that we are in ANXIETY Phase and slowly moving towards Denial Phase
pbs.twimg.com
4) ALSO MANY bought BTC ABOVE 30K. They would be BAGHOLDING BTC NOW.
**THIS IS A WARNING**
DANGEROUS TO SHORT FROM LOWS. BE WARNED.
PREVIOUS IDEAS :-
1) Short idea for BTC :-
2) updated views on BTC :-
3) ETH IDEA :-
ALSO, NONE OF THE ABOVE IS A FINANCIAL ADVICE. IT IS MERE MY OWN SPECULATION AND IDEA. DOYR.
Classic bear flag fighting support Taking a look at Bitcoin I think we're consolidating at support... this can't be good
8h shows trendline being battled
🚨Short-Term ⚠️POSSIBLE⚠️ Bottom Levels For #Bitcoin $BTC🚨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 have charted out these possible bounce levels, ranging from ~$26K to ~$28K. I have done this, using the macro Fibonacci Retracement levels, the Fib levels of the most recent short-term wave, and 0.618 Fib levels which sit between 1 & 1.618 of each Fib Range in a "scaling down" method. (It was way too busy to leave on the chart, but imagine Russian dolls. 1 Fib range inside another, inside another, etc.)
Important "possible-bottom" levels:
$27,550
$27,071
$26,531
$26,200
$25,982
***This is my own opinion, based on chart data. Not Financial Advice!***
DE gap + Bear FlagDE 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 $362 levels
Bear flag with scary target of 20K We have this scary bear flag on the 4 hourly that nobady is looking at. Bear flag break-outs are usually the most accurate break-outs from all patterns.Thats why i entered short position at 29.9k but we have so much support under my entery price so i am going to take my profits at 27.3k,25.5k, 24k and possibly at 20k.
Be smart, trade safe and i wish you good luck.
What do you think about this scary bear flag ?
Feel free to leave a comment.
If you like my ideas please follow me and like because you can always find something interesting on my profile, i am new to Treadingview but i have 6 years expirience in trading.
DON'T SELL YOUR CRYPTO
BTC TO THE MOON!!!
LINKUSDT Bear Flag formationLINKUSDT Bear Flag formation. Expecting to adding on shorts from that top of this channel.
EURO-HORIZ trading range.last bearflag?Hello everyone
As we see New York markets struggle in the past couple of days,many down fall of prices in the different markets are noticeable,however in EURUSD we can't see that much change.
Now the price is in a horizontal trading range with long shadowed bars ,after a trend line break, late in a bear market;I don't know about you but this screams final bear flag to me.In situations of such,I expect to see a reasonable down trend in lower time frames after a retest of a moving average ( 20 maybe) and a lower low major trend reversal which can create good reasonable buy setup for swing trades.
For now. the price might stay in trading range for the rest of this week ( good for scalpers) so our support level of 1.05$ will stay unbroken until next week and the price will stay in this channel.
Are we gonna see sub 30 again??!!A clear bear flag with a target that correlated to the golden pocket ratio (25K).
Wait and see at this levelHello 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.
Here are the next levels up if it breaks above the 200 day:
-$57K
-$65K
-$70K
Break below the 200 day might push it down a few levels to the bottom of the channel.
-$42K
-$37K
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
*This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
BTC is putting up a fightHello 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. Cheers!
*This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
Short $RIOT CMP $17.21Short $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
