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Bearishbreakout

$Bitcoin seems to be in need of some correctional breath.Hello guys, As we all know there can't be only one directional move in any healthy financial asset. It seems the digital gold is somehow in an exhausted state since we have been watching the Bulls strong accumulation since the first day of the ETF approval. As we predicted earlier this week about its possible bearish momentum formation this bearish behavior continues to be seen on Bitcoin's short term market price action. For now I am watching closely for this bearish triangle breakout and a successful retest. As far as things go as it is and since the weekend is here and market might not move strongly, there is a high probability for Bitcoin to see some correctional move. I will be updating the idea after collecting some more market indications. Stay Tuned. Disclaimer : The opinion expressed here is not an investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of #CryptoTalk-ET rather it is authored and complied by one of its founding member and article contributor. Every investment and all trading involves RISK, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose. With Regards. Nathnael B.
BITSTAMP:BTCUSDShort
by cryptotalk_et
USDJPY Bearish Flag Breakout SHORT!Welcome back! Let me know your thoughts in the comments! **USDJPY - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Short
by BKTradingAcademy
9
BREAKOUT ASCENDING TRIANGLE ON BTC/USD!WE BROKE THE ASCENDING TRIANGLE ON THE 1 HOURE CHART TO THE DOWNSIDE. NORMALLY, THIS PATTERN IS A CONTINUATION OF THE TREND. THIS WAS NOT THE CASE HERE. IT COULD BE A FAKEOUT OF COURSE, TO PLAY OUT THE BEARS. BITCOIN HAS TENDENCE TO DO THIS A LOT. BUT LET'S STAY OBJECTIVE NOW; WE BROKE DOWN AND TESTED THE LOWER TRENDLINE OF THE TRIANGLE AS RESISTANCE. THIS IS ALREADY INDICATION THAT IT IS A DOWNWARD MOVEMENT. WE COULD REACH A PRICE TARGET OF APPROXIMATELY $10500. THIS MATCHES PERFECTLY WITH THE RESISTANCE / SUPPORT ZONE. IF THIS SCENARIO PLAYS OUT, IT WOULD CREATE A HEAD AND SHOULDERS PATTERN WHAT'S BULLISH IN THE SHORT TERM.
BITSTAMP:BTCUSD
by ADBCrypto
3
#litecoin - $100 remains level to break "3D"Litecoin is struggling to hold itself above a key support level around $90. LTC did not manage to hold the $100 mark, which has been tried and failed. If the 3D is going to close below this level tomorrow night, the picture is going to change to more bearish, possibly heading down to labeled supports. The Key-Leadline is broken and tested several times from below. Litecoin needs a serious push from wherever to save this, otherwise the Yearly Pivot seems out of reach for the near future. Next support would be in the $70 area. Cloud is almost turning bearish, and Litecoin should not enter it. ------------------------------------- Warm regards, Neru
BITSTAMP:LTCUSD
by Gl4diator
when a trader ignores Price Action,Emas,Candlesticks,and trendTerrible long entry by T.I, proprietary forex trading desk. LONG entry laddering down from 1.30 ish to 1.27. priceaction incredibly bearish! loss of short term attempt of daily uptrend change on may 9! with setting a lower low ON THE DAILY. daily couldn't even set a second HL.so weak. possible reversal candle on may 10th. bearish engulfing on may 11th. stuck under Ema's. loss of 200 MA on may 14th. Bearish ema cross on may 7th. after that free drop. 10 clear technical reasons for daily continued downtrend no unexpected news that caused this. plus : trend/News: British pound in a weekly downtrend since 1994!! Brexit weakness. trump called trade wars. .british prime minister news caused uncertainty and FUD. mad histogram ticking down. bearish cross on macds on loss of 200 MA. downticking histogram since may 6th RESUME: NOT ONE SINGLE REASON TO GO LONG in this chart. but an almost perfect short from 1.295 to 1.27 just enter at the 200 ma loss of support. reentering the clear weekly downtrend for pound. no daily RSI oversold buy signal until 1.286 on may 17th. buying into this price is suicide! nothing unprepared or not clear in the chart. just a terrible trade and averaging down into weakness instead of closing and hedging at 1.29 now stuck hoping for oversold reversal at 1.26 slightly bullish reversal candle on may 23rd possible inv H&S on the weekly but unclear volume profile
by ChartmanChris
Ascending broadening wedge - two possible scenariosThis is an interesting move folks; identifying an ascending broadening wedge pattern has the same chance more or less to continue downward or to breakout and go upward. In my opinion, based on the bigger trend's descending triangle wedge, and the minor descending triangle wedge following it (the fib retracements placed on the graph), my bet would go towards the bearish breakout. What do you guys think? Below are some interesting facts to use in your strategies: Bearish breakout If the wedge’s lower support line breaks, the probability that the price will reverse and continue back up is higher than it falling lower. The odds are close at about 51:49. Selling at a downward break of the mid line of the pattern greatly improves the odds of success. If the price breaks the mid line of an ascending broadening wedge, there’s a 53% chance that a further downward move will happen. Bullish continuation From historical currency data, there is about a 55% probability of a further bullish advancement after a break of the upper resistance line. The bullish move lasts at least for the same duration as the pattern itself. Based on historical forex data, the ascending broadening wedge typically ends in a bearish or downwards correction in price. But only just.In 47.8% of the patterns, the upside move was greater. Reference/Read more at: forexop.com
COINBASE:LTCUSDLong
by telnemri
2