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Bearish Flag

Bitcoin sending mixed signalsOn the daily BTC is sending contradicting signals. On the bearish scope, a bear flag pattern has formed which is a reliable signal that the trend will continue downward. But as the flag pattern formed there is also a falling wedge formation which is a very bullish signal, about 63% of the time the market trends upwards. We most take into consideration, inflation, Ukraine and Fed policy have played a huge part in downward movement, right now the path of least resistance is downward because there is big resistance around the $ 42,000 dollar area. We will have to wait and see what happens but most likely bitcoin will test lows it hasn't tested since July 2021 when it was sub $30,000 dollars where it will meet strong support at the $29,000 area. If you like or don't like my idea please feel free to comment, I would like to read your take on things.
BITSTAMP:BTCUSD
by Tradingday22
1
Formation of a Parallel channelThis study is not a trade suggesion, it is only my opinion on the basis of my belife and study. EUR-USD is working in a parallel channel since 4th of march 2022 now its on the verge of a breakdown/reversal . lets wait and watch for a perfect timing to enter. post your opinion in comments below - Wheather it going to bounce back into channel OR Will it breakdown further your every opinion will be answered... please share your thoughts.
by Abhi_The_Chart_Reader
BTC: BEAR TRAP??Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC analysis. BTC did a nasty sell-off and dumped hard. I'm expecting a bounce from $37k but it didn't happen that's why my previous chart is invalidated. Now, BTC breaks below the bear flag in the daily time frame. So if this pattern going to be played out perfectly then we have seen a 50% more drop from here according to this pattern. But as you know the market is not going according to chart patterns these days. Recently we have seen a clear breakout of the falling wedge and what happens after that you all know. So I'm expecting here that Market makers trap everyone in this range and a sudden pump comes anytime soon. Invalidation level:- If BTC daily closes below $32,800 then this analysis becomes invalidated. What do you think about this? Do you also think this is a bear trap or do you think that we are heading towards $20k? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Long
by CoreCrypto1
14
BTCUSDT - BEAR FLAG BREAKING TO THE DOWNSIDE?We have published this idea back in early March. BTCUSDT bearish flag is possibly breaking down and playing out as expected. Would expect a retrace to ~$38K before it continues its downward movement. Major support around $30K. FED move to reduce balance sheet (QT - taking liquidity out of the market) will keep pressure on the risk assets. Cryptos are moving in sync with tech sector/Nasdaq. Expect more downside in cryptos & overall market until QT ends. * Not financial advice; Do your own DD. Thank you for your time.
COINBASE:BTCUSDShort
by BlokBox
Minor (Bullish) and Major (Bearish) Bitcoin Price MoveThis is my unbiased observation on #Bitcoin price move as seen on the lower TF (4hrs) and the higher TF (Daily). As seen on the chart: The 4hrs TF clearly shows a Bullish flag Pattern has been boldly printed which signifies an upward move in price to the $48k - $50k region. Moving onto the Higher TF, a large Bearish Flag can be boldly seen printed on the chart and it's a confirmation that we are still going to experience a massive upcoming dip to around the $28k - $30k region. @CryptoPornster @JBDigital
B
by JBDigitalNetwork
POUND- Bear structure, bear context .Hello everyone In the past week we witnessed a steep bear market structure bringing us to channel that we have last been on July of 2020.In this situation we may get to see the price lose the sharp and steep momentum's of the last week for GBPUSD. In addition to what we have seen so far , we may get lower prices for GBP. With the support level of 1.25$ and resistance level of 1.26$ ,as a channel on daily ,we may have the price stays in this channel for a while ( on the good side).If you see the full part of the glass, we may even see the price reaches down to 1.2$ by the end of the month or the end of the next week. For those of you who want to buy here: You have seen a pinbar( 3 bar pattern) on daily, but the context is not in your favor.
Short
by HubAlgo
DGB- good wedge formationHello everyone The bear channel of DGBUSDT is turning into a wedge pattern ( tight one)that shows a possible reversal or a steady bull channel formation in the next few days. On 4 hours chart however,we can see a small bear flag pattern and a possible head and shoulders pattern, which shows, that market can touch the support level ( 0.0225$)and come back and go up to resistance level 0.027$. P.S. : Wedge pattern is more likely to have a reaction,because of higher time frame , and volume.
by HubAlgo
1
BTC: BEARISH PATTERN! STAY ALERT!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC /USDT update. BTC is not looking good here. Let's get to the chart first. BTC is making a head&shoulder pattern in an 8hr time frame which is usually a bearish pattern. It also breaks down the neckline of the head&sgoulder pattern and currently retesting it. After this retest, we can expect more dump. BTC has important support at the $36.5k-$37.5k level. Either we get bounced from there or if not then it falls more and we might see $30k according to this pattern. Also, if you see a daily chart of BTC then you see that BTC is forming a bearish flag pattern in the daily time frame which has not broken down yet. If any daily candle closes below $39k then it will be very bad for the overall market. What do you think about this? Do you also think we can see more dump from here or do you think that BTC starts pumping from here? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Short
by CoreCrypto1
BITCOIN - The bears have taken over!Keep it plain, simple and minimize the noise! Here we have a bear flag, or what some people where viewing as an "Ascending Triangle". It doesn't matter which pattern it really was, as all patterns have the probability to go both ways. We broke out to the downside, now I am waiting for a bearish retest to confirm lower prices. The reason I am waiting for a retest confirmation as this could be a bear trap and simply liquidate the shorts.. At the moment - the market is sideways, choppy and RISKY. I have various different set-ups I'm watching and always waiting for confirmations of each one BEFORE entering a trade. I have also linked an idea to this, that I think is good to keep an eye on. Comment your ideas down below :)
BITSTAMP:BTCUSDShort
by tradermoth
$BTC potential bear flag break down!* Was in a down trend * Has been in a potential bear flag from mid January 2022 * Despite it breaking down from the potential bear flag, there are multiple levels of support before it reaches its measured objective. * Key level of support being around the $30k mark * The trend line extending from Jan 24, 2022 may act as a confluence of support with $37.5k (circled area) * Key areas of support to keep in mind if you're planning on shorting: * $37.5k * $34.3k * $30k * A break below $30k may send BTC to its measured objective of ~15k.
BITSTAMP:BTCUSDShort
by HaseebKhan_90