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Bearish Flag

Ethereum ETHBTC - New all time high this year! Then a big crash? Ethereum is much stronger than Bitcoin and this trend should continue until we hit the major resistance from 2017, which is approximately another 85% upwards.  As you can see on the chart, this whole market structure looks like an ascending triangle. This triangle should break downwards, if we don't want ETH to flip BTC on coinmarketcap.  Keep in mind that ETHBTC does not belong to a trending market. It's more like an oscillator. You can compare this pair to the EURUSD forex pair. So, forex strategies should work much better on this particular ETHBTC pair. According to my Elliott Wave analysis, we are currently in the final 5th impulsive wave of the bigger impulsive wave. Bitcoin's dominance is breaking down the key market structure, which, of course, greatly favors ETH. Look at my ideas about interesting altcoins in the related section down below. For more analysis, please hit "Like" and "Follow"!
Long
by UnknownUnicorn2537518
52
Bearish Flag on GBP/USD @ D1Following a retracement inside a long-term downtrend, the GBP/USD daily chart has formed a bearish flag pattern. It offers a bearish trading opportunity on a definite breakout. The flag and its pole are shown with the yellow lines. My potential take-profit level is marked with the green line (1.14737). My potential stop-loss level is marked with the red line (1.18999). I will wait for the price to close significantly below the flag's lower border to open a sell position.
Short
by AndriyMoraru
BTC GOING TO 19.6K?BINANCE:BTCUSDT Well i have been observing the price action of btc. which isn't looking very great. i am afraid we could get decline from $21800. if we did we will go below 19.5k. we can also see a bearish flag pattern and falling wedge, there is huge Ichimoku cloud wall. so the price action is not really looking great for now. i will be taking a short position from 22k from all the way to 19.5k. the stoploss would be around 22.4k. lets see how it goes :)
BITFINEX:BTCUSDShort
by Bitsleader
2
BTC PERSONAL ANALYSIS IN THE SHORT TERM (RAIN OF FIREEE!)Greetings fellow crypto fam! I am here to share a fairly well conclusion on what's gonna happen with bitcoin, we have been so exposed with lots of bearishness with all of the charts and patterns pointing more downside action. We have bearflags, rising wedges, inflation, rate hikes, housing market crashes, war, pandemic -- there's too much of anything in this world to even be at least interested in becoming a bull so I implore you to carefully consider your options in this market. There are two choices here,, either you enter shorts or puts in this monthly trend of bearishness or you can sit it out, wait for everything to settle probably 6 months or so and then decide from there. The totality of Jack Powell's speech in the Jackson Hole is a huge U-turn on his image basically because everyone was expecting for a neutral-rate hike or even a standard Jack Powell optimistic speech, but no he literally admitted that along the way some pain will happen and this cannot be helped by taking more of this approach aggressively and possibly even end it quickly. I like the brashness of it all, however he just nailed the door shut when he said that their decisions or outlook towards the economy would largely depend on "data". The bad thing about being data-dependent is that the economy could crash tons of money tomorrow and they will only act FROM there, there are no preventive measures, there are no concrete risk managements -- just pure reliance on what the potential future data can display and that's just sending everyone to their financial graves. This only proves that they literally cannot do anything to change what is happening and would prefer to just let the market settle ITSELF, all on its own , with continuous monitoring by yours truly, the FED. ---- Like the chart? The fundamental analysis too? Give my chart a boost, comment and share it. Its completely free, bookmark it, save it -- it is yours!
BYBIT:BTCUSD.PShort
by Wamses
ETHEREUM PERSONAL ANALYSIS IN THE VERY SHORT TERM (LANDSLIDE!)Total evaluation for the ETH asset is completely bearish. I repeat, bearish. Its quite obvious where we are going at this point. I don't see any particular bounce until we hit the previous support which is around 1500$ and even then depending on the current situation for Jack Powell's speech, we might see a more bearish approach. Lets tune in together at this very important day because there is a huge chance whatever happens today will reverberate all throughout our low volume weekends which is hugely prone for manipulation pumps either way. ----- Like the chart? Save it! Bookmark it, boost it, comment on it you go for it -- its completely free and yours!
BINANCE:ETHUSDShort
by Wamses
Gold Forecast 26/08/2022Gold price remains inside a two-week-old bearish chart pattern as sellers attack the confirmation level surrounding $1,750. Adding strength to the flag’s support is the 50-HMA level and steady RSI (14). In a case where the quote drops below $1,750, the theoretical slump towards the yearly low near $1,680 could avail the monthly bottom of $1,727 and the $1,700 threshold as intermediate halts. Meanwhile, recovery moves could aim for the flag’s upper line, around $1,771 by the press time, before aiming for the monthly high near $1,808. Overall, gold prices are likely to remain pressured but a confirmation from the $1,750 support becomes necessary to convince bears.
TVC:GOLD
by OAurthor
Next moveHi everyone, My last post was on ETHUSDT, and its price was one of the only coins with a major pullback than others, but it still has the same scenario as BTCUSDT. Since the beginning of this week, the crypto market has been quiet, as we did not see any volatile move. However, by looking at the chart, I think that we have formed a bearish wedge that we are still and are most likely going to break to the downside. We are going to continue our downtrend because no candle closed above the resistance drawn on the chart ( I drew this line 2 weeks ago lol) In conclusion, I think that we are still bearish on the midterm at least. Please comment if you have any questions, I will try my best to answer them. Thank you😊
Short
by yassin_khanji
BTC: BEAR FLAG! REKTEMBER(Sept.) IS COMING!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC quick update. BTC is moving in a rangebound from $21k-$22k from the last few days. It is forming a bearish flag in 4hr time frame and currently trading inside the flag. When it breaks down the flag then we expect price to touch $18k-$19k level. REASONS I'M ON BEARISH SIDE:- 1) Price structure forming a bearish flag pattern. 2) RSI is forming a rising wedge like structure which is generally a bearish pattern. 3) Volume is not sufficient and continuously going down. 4) After a week, September month is starting which is generally a bearish month and also known as "REKTEMBER" Invalidation of pattern:- If any 4hr candle close above $22k What do you think guys? Do you also think we might see another leg down from here or do you think it is continuously pumping from here? Share your views in the comment section. If you agree with my points then do hit the like button. Thank You!
Short
by CoreCrypto1
3
SP500 INDEX PERSONAL ANALYSIS IN THE LONG TERM (DUMP)Noodle party? Well not exactly, its a solana chart spilling spaghetti everywhere! The total evaluation for this asset is extremely bearish and I could not even begin to become so engrossed in bear costumes all year round because who could possibly blame us? The cycle has ended just as it has always ended in previous cycles -- it almost always returns to where it started and considering how we just got resisted from the SP500 and NASDAQ on a monthly resistance trendline (you can check this out in my profile) , there's no guarantee that the current supports that HELD us in a bull market will even be strong enough in a bearmarket. The SOLANA chart has now been confirmed with a bearflag that we had been suspecting from since we dropped here in this range for months, a validated bearflag WILL create lower lows and its much stronger in a bear market obviously and especially in a macro-time frame (4H, 8H, 12 H, 1D, 1W). Never underestimate panic selling, always be mindful of your risks and make sure to enlighten yourself everyday with what is happening around the world so that maybe one day, huge positive fundamentals or catalysts would support a possible reversal towards our brand new all time high. ----- You like this chart? Give it a boost, a comment or share it with your friends. Bookmark it, save it, its yours for free!
BINANCE:SOLUSDShort
by Wamses
1
Bitcoin to 3.7k then 250k? Fundamentals extremely bearishThe stock market will crash, it barely down 2% from this local top of 4300, imagine it going to 2900 as bottom, around a 40% crash BTC will go down so hard it is not funny anymore, Michael Burry warned that previous crashes all had something similar in common, now this cycle has ALL OF THEM. Whats more people speculate on stocks that dont justify the earning, we barely dumped and BTC is already at 20k. Winter is coming and demand for oil and gas is going UP, the DXY will RISE. MT GOX BTC 150k. Whats worse we going to close first time history montly BELOW 200 WMA. next top dom 40% btc market cap 53000 = 1t 40% of 12t = 4.8 53000x4.8 = 250k
Short
by Heartskull
3
BTC/USDT - 1H - Bears ControlBTC/USDT is in a bearish trend forming a Bear Flag . The price action has bounced off an important Support Zone and formed a Bear Flag which seems to have been broken. The Bearish Bias is based on the following signals: Bearish trend (price making LHs and LLs) GMMA: Slow MAs above fast MAs Slow MAs acting as dynamic resistance Bear Flag breakout with bearish engulfing on LH RSI under 50 and not near oversold levels OBV convergence with price (downtrend has conviction) Expecting bears to push prices lower. Trade safe. Hit like & follow for more analysis.
Short
by yo_zubair