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Bearish Flag

[Bitcoin] Urgent!! 19K support is important!! #Crack #Bitcoin #Binance #1D Since the last briefing, the buying trend has not been continued, and it is showing a trend change by making Doge Candles and then falling. At this point, the blue medium-term bearish wave does not appear to have broken through the resistance of the 0.5 level Fibonacci trend extension, and it looks like Bitcoin will soon reach a critical support level. The important support interval appears to be around $19,828-$19,118, and this interval is located at the 0.786 level of the Fibonacci trend extension of the blue long-term bear trend wave, the 0.618 level of the Fibonacci trend extension of the blue medium-term bearish wave, and the bottom of the purple triplet convergence newly extended by the previous resistance. If it fails, once again, you need to prepare for further declines by the bear trend extension pattern. If the $19K support fails, we can expect support at $15,508-$15,139, where the blue medium term Fibonacci trend extension level of 0.786 and the purple short term Fibonacci trend extension level of 0.5 level overlap. However, one should keep in mind the turquoise long-term Fibonacci trend extension level 1 and the decline to the $12,107-$10,909 section, where the sub-trend extension levels are located. Additionally, if overshooting occurs below the $10,909 section, there is a possibility of a decline to $7,750, the 1st level of the purple short-term Fibonacci trend extension. Conversely, if the $19K support is successful, you can see several cases of successful retest support of yellow short-term convergence, successful bottom support of purple short-term convergence, and successful support of pink parallel channel bottom. If the $19K support is successful, we can expect a strong rebound in the near term. At this time, the expected resistance section is the section commonly mentioned in the last briefing. There are $24,189, which is an important resistance as long-term trend line resistance, and $25,890, a section that can be resisted when overshooting occurs. - summary $19,828-$19,118 support is very important Support section $15,508-$15,139 = Short-term support level $12,107-$10,909 = Critical long-term support level $7,750 = overshooting level Resistance section $24,189 = Critical long-term resistance level $258,90 = overshooting level
by Tommy_Trader
1
[Bitcoin] Convergence upward breakthrough!! Resistance LVL?#Crack #Bitcoin #Binance #1D After the progress of the two large trend continuation patterns, convergence appeared again, but the bullish breakout with a strong bull candle. In the big picture, resistance can be expected when the orange long-term support line has moved bearish, and when it rises again, resistance is expected. We can expect resistance around $24,189.88, where the orange trend line and the light blue Fibonacci trend extension level of 0.382 overlaps, and we can expect resistance at $25,890 in case of overshooting. If we look at the chart a little closer, there is potential for resistance on the orange long-term trend line, so we will respond with the possibility of a bullish channel in mind, despite the upward breakout of the convergence. If you look at the first picture, it is a bullish channel with a narrow fluctuation range drawn as a wave created after the bottom is perfectly formed. In this case, there is a resistance section at $22,856-$22,984 below the orange long-term trend line. We can expect a bullish trend towards $15,507 or $11,497-$10,909. If you look at the second picture, we see the possibility of a bullish channel with a large fluctuation based on the high made during the 13day decline. In this case, after breaking through the orange long-term resistance line, resistance remains open to the $25,890 level mentioned above. If $25,890 resistance is found, it is necessary to check whether the orange long-term trend line is supported or not, and if the support is successful, the possibility of continuing the bull trend should be left open. We can expect a drop to $10,909. - summary From a long-term perspective, the important intervals are $25,890.65 and $24,189.88. From a short-term perspective, the important intervals are $22,856-$22,984, $25,890.65 When resistance occurs at $22,856-$22,984, sell response after checking whether the bullish channel has broken After resistance at $25,890, if support succeeds at the orange long-term trend line (near $24,189.88), buy response; if support fails, respond sells.
by Tommy_Trader
1
GBPNZD I Approaching Resistance Zone Welcome back! Here's an analysis of this pair! **GBPNZD - 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
1
[Bitcoin] Worst 3K? Expected support identified by bear trend #Crack #Bitcoin #Binance #1D We explored all possible support zones using bearish continuation patterns and their Fibonacci extensions. Please take it lightly, as it is only analyzed as a Fibonacci trend extension of bear trend patterns without any other technical analysis. Sections containing the Fibonacci trend extension level of the large turquoise bear trend are marked in red, and sections not included are marked in orange. Continued bear trend patterns are emerging, and as the bear trend is still in progress and triangular convergence is underway, I think we need to prepare for an additional bear trend. In the case of a rebound without further decline, it seems safe to buy after the $19,828 upward stabilization and conservative $21,654 upward stabilization.
by Tommy_Trader
USD/JPY: bearish flag channel + SHS U.S. Dollar forming a bearish flag channel in H2 timeframe, you can to view in H1 too, but in H2 we see one thing very good in this analysis. Because in the price action, we formed now a bearish engulfing pattern. But into this price action, we see a bearish flag in formation that the price could to drop. And right now, we forming a Shoulder Head Shoulder (SHS) that it's in formation and we have this chance to put a short position in USD/JPY. Also, we could to put a short position in USD/CHF as USD/CHF will drop too. But in my opinion for USD/CHF it's that if we like to short this par, the price need to break out the demand zone, but we could to have this opportunity to short. But in USD/JPY it's very more clearly than USD/CHF that we could to find a short position in the good point now. Shoulder Head Shoulder and my projection to $132.20 JPY. i put a sell order limit to $135.12 JPY and target to the $133.80 JPY (support in the EMA 200) and Stop Loss to $135.68 JPY. This it's a risk/benefit of 1:2. Good luck!!!
Short
by harisonhbn9718
EURAUD I Swing Downwards +100 pips!Welcome back! Here's an analysis of this pair! **EURAUD - 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
6