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Bearish Patterns

27/01/25 Weekly outlookLast weeks high: $109,555.48 Last weeks low: $99,643.66 Midpoint: $104,599.57 A new Bitcoin ATH as President Trumps second term officially begins! Just shy of $110K with a much tighter range of $10k from range low to high leaves Bitcoin in a very interesting place going into what has been called the first "pro-crypto" administration. Now the weekly close is an interesting one as there is a clear sell-off that has continued at time of writing bringing the price down below the weekly low. This has been a common theme in recent weeks as either a bearish SFP of the weekly high early in the week resulting in a sell-off for the remaining days. Or the opposite were a sweep of the weekly low early on results in a recover rally for the rest of the week. As of right now the later is in play but what is causing this sell-off this time? The AI issue: The recent headlines have been that the US wants to win the AI war and be the dominant force in what is possibly the most important product of the future. OpenAI, Grok, Meta etc all have AI products and services and the US government hope that by backing these companies the US can be the victors of this race. However, the game has changed with the release of "DeepSeek R1" a chinese AI competitor with some remarkable attributes that has the US stock market very worried as reflected in the pre-market. DeepSeek R1 was reportedly built for $6m, now this is a Chinese company and therefor any numbers should be taken with a pinch of salt but OpenAI has raised $17.9B for ChatGPT and many now see DeepSeek as a superior product in many ways: - Less GPU intensive due to a more efficient and streamlined model, this is mainly why NVIDIA pre-market is down 11% at time of writing, investors are seeing that perhaps US companies have overblown the demand for GPU's as the product they are making is not optimised in comparison. - Considerably cheaper due to this streamlined approach, personally this is a symptom of how America has been operating as a nation since the pandemic, a severe lack of efficiency made up for by throwing insane amounts of capital at the problem with no thought as to where the money comes from (printed via QE & tax payer funding). DeepSeek just proved why Trumps planned approach of getting value for money and increasing efficiency is a winning formula, anything else is unsustainable. - Open source code, we would expect the company called OpenAI that was founded on the basis of transparency and the mission to do good as a non-profit would be the product that has publicly available code, but no that would be DeepSeek... This further compounds just how out of touch the US based AI companies have got, the quest for revenue has taken over as the mission goal, which in the case of AI is very dangerous. To conclude the AI problem, the Chinese AI product is cheaper, more efficient and more transparent that current US based products and that is why indirectly BTC took a tumble. On the data news this week FOMC is on Wednesday, the forecast is for interest rates to remain unchanged however the volatility of FOMC often leads to interesting price action, this could be another reason for the sell-off as de-risking takes place. For this week I am looking at using the chaos to find goo d long entries, I still think that Feb-March looks good until I have reason to think otherwise. Weekly low is a key S/R level that will determine by bias in the short term until then. TL;DR - DeepSeek R1 worrying investors of US AI companies as the Chinese AI product is far cheaper, more efficient and more transparent. US stocks down on pre-market. - FOMC midweek, first of Trump admin, volatility expected. - Weekly low key S/R level for BTC
by ProR35
XLM - Will XLM Find Strength or Stumble?XLM has been in a downtrend for the past 10 days after rejecting from the 0.618 Fibonacci retracement resistance. The price action shows lower highs and lower lows with no significant volume, signaling a potential continuation of the trend. Let’s identify the key support and resistance zones and possible trade setups. Support Zone A strong support zone lies between $0.3725 and $0.3695 based on multiple confluences: Monthly Level: At $0.3725 Anchored VWAP: From the very low, the VWAP aligns with the monthly level Fibonacci Retracement: Drawing the fib retracement from the year’s low to the recent high, the 0.75 Fibonacci level lies at $0.3695 Resistance Zone Key Level: Price data highlights $0.435 as a significant S/R zone Fibonacci Retracement: The 0.618 Fibonacci retracement from the current wave aligns with the key level Short Trade Setup Entry: 0.618 Fibonacci retracement/key level at around $0.435 Stop Loss: Above the previous high Take Profit: Target the support zone at round $0.3725 Risk-to-Reward (R:R): 4.5 Long Trade Setup (on confirmation) Entry: Long position between the support zone of $0.3725 and $0.3695 Stop Loss: 3% SL Take Profit: around 0.39/0.4 Risk-to-Reward (R:R): 2 or better
Short
by SiDec
ETH Rejected at POC – Bears Eye $3000 againOver the past two days, Ethereum struggled to maintain momentum above the Point of Control (POC) of the current range. Price action formed wicks above the POC but closed below, signaling clear rejection at this level. Key Support Zone The $3000 area holds significant support, bolstered by several confluences: Fibonacci Levels: The 0.786 fib retracement ($3045) aligns with the old 0.618 fib retracement ($3025) 4H Bullish Block: A strong demand zone on the 4-hour timeframe supports this level Trend-Based Fibonacci Extension: 1:1 extension lines up perfectly with the 0.618 fib retracement Psychological Level: The round number at $3000 adds psychological strength to this support Short Setup: Entry: POC of the range Stop Loss: Above the recent high Take Profit: $3000 zone Risk-Reward: 3:1, offering a solid trade opportunity Long Setup (Confirmation Needed): Entry: Between $3025–$3000, upon bullish confirmation Stop Loss: Below $2900 Take Profit: open
COINBASE:ETHUSDShort
by SiDec
Duo-Reversal Patterns Show USDCAD Rally "Hanging By A Thread"Price has rallied quite a bit for OANDA:USDCAD since its last visit of the Rising Support @ 1.34189 and we currently see Price showing quite a bit of exhaustion at the March 2020 Highs @ 1.44664! This exhaustion comes in two Reversal Patterns: Advance Block - 3 Candlestick Reversal Pattern + (Bearish Confirmation Candle) Hanging Man - Single Doji Reversal Candlestick Pattern Both these Reversal Candlestick Patterns and RSI in Oversold territory, spell possible trouble for Bulls in which signaling Bears could potentially overcome and Push Price Down! This suspected drop in Price could be a Retracement to Previous Structure of Past Resistance @ (1.39775 - 1.38784 ) which happens to land right in the 50% - Golden Ratio Fibonacci Zone. Fundamentally, USD and CAD both last week showed flying colors when it came to their Employment and Unemployment Results both showing an Increase in Work and Lowering in Jobless. This week will be news heavy for USD with: Core PPI/PPI - Tuesday Core CPI/CPI - Wednesday Core Retail Sales/Retail Sales/ Unemployment Claims - Thursday If overall week results are negative, we could see USD lose all strength and CAD take the stage!
Short
by Novi_Fibonacci
5
Could Cardano Bulls Push Past Pennant To $2 Resistance?!Cardano made an impressive 315% gain from the Low on Nov. 4th/5th @ .32 to the High on Dec. 3rd @ $1.32 following the Pro-Crypto Republican won Presidential Debate with not only BINANCE:ADAUSD seeing this kind of Rally but across the entire Crypto Market! Since that High, Price on Cardano has slipped into a Consolidation of what seems to be a Pennant Pattern with Lower Highs working into Higher Lows. Both Legs of this Triangle still need a 3rd Touch to Validate the Integrity and Existence of both Trend-lines. I would like to see Price make a 3rd Touch of the Rising Support around the ( .95 - .93 ) Range before moving back up to test the Falling Resistance. If Bulls are able to gain enough Support from the Rising Support, it could be enough to give them momentum to make a Bullish Break to the Falling Resistance and based from the Pattern Statistics: - Generate an Extension of the same size of Trend move that came prior to the formation of the Pattern called the "Flagpole" putting the Potential Extension of Price into the $2 Resistance Zone! **Caution: Triangle Patterns are known to fail 1/3 of the time so a Bearish Breakdown of this pattern is still possible. Watch for False Breaks/Breakouts!
COINBASE:ADAUSDLong
by Novi_Fibonacci
1
VINE LOOKS BEARISH THEN 90% OR 300% INCOMINGAfter a failed breakout of the all time highs, we have broken the uptrend and look to aim lower. Unless the highs are claimed I'm currently bearish and looking for range lows to be tested for a long entry to back to the highs which can print 90% returns. Calculate Your Risk/Reward so you don't lose more than 1% of your account per trade. Every day the charts provide new information. You have to adjust or get REKT. Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
BYBIT:VINEUSDT.PShort
by Navitility
2
EURGBP - Weak Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURGBP has been bearish trading within the falling wedge pattern in blue. Currently, EURGBP is approaching the upper bound of the wedge. Moreover, the orange zone is a strong structure. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the orange structure and upper blue trendline. 📚 As per my trading style: As #EURGBP is around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
2
Why does hegemony andsupremacy work? Trumpian economics ushers…Why does hegemony and supremacy work? Trumpian economics ushers The Neo Titanic era of late-stage capitalism. Blessings. Good? I’m just easing back into the site myself. An easy basic plain chart for your head tops!! you’re welcome. entered the premarket with the hands-off approach and a wide stop. Targeting 250 points of the US 3 to close out and historic week I may also use a scalping strategy between the LSE and NYE opens The pips are falling out of the sky. The bulls 🦬can smell the blood. Even the bears 🐻 like me can't resist the fresh meat in the woods tonight. As always on the menu is the working class, as the new deconstructionists position their chairs on the reality TV show Neo-Titanic. It’s a good year to get rich.
BLACKBULL:US30Long
by CharlesSankara
1