Get started

Bearish Flag

Raising the Bitcoin FlagAs we can see bitcoin had quite a nice move depending on your disposition and management. This flag forming right now is of HIGH SIGNIFICANCE, and I won't be explaining it as I fear if one is not able to interpret autonmously, neither will they be able to trade what IS GOING TO BE an absolutely CHAOTIC and RISK FILLED area, and consequently will end up REKT. Risk management, risk management, risk management. I really can not stress this enough! We are essentially nearing the end of very little space for price fluctuation, and you should know this by the drop we saw, which then rose and broke sidways forming a flag, with a recent breakout. Pay attention to trend lines and the interaction of price movement, but also the stretching of the flag to a trend line, that stops bang on the DAILY. This is so highly indicative. However, this kind of movement and the 'FLAG' we have right now, correlated with recent price action, with cross-correlation to historical trending and price action; SHOULD be able to inform your position with a bit more clarity now. This is an area I would advocate to so many to sit out, and simply watch it play out as YOU WILL NOT be missing out. However, trade this with risk management as the primary consideration and this will be A HIGHLY LUCRATIVE trading zone. Good luck
by UnknownUnicorn6513259
Dax Short Term ForecastH4 - Triple cycle to the upside completed, price respected the key resistance zone and is moving lower. Bearish divergence, the price has broken below the uptrend line. Price still has room lower towards the key support zone formed by the 38.2% (10010) - 50% (9621.1) fibonacci retracement zones of the triple cycle. H1 - Price is currently moving inside a bearish flag pattern. We have a key resistance zone formed by the 100% (10675.6), 127% (10737.6), 161.8% (10817.6) fibonacci expansion levels of the first wave, top of the bearish flag pattern and the H4 uptrend line. Until this key resistance zone holds my short term view remains bearish here. Break below the bearish flag pattern would validate this short term bearish view.
DShort
by VladimirRibakov
3
Is the next Major Crash Beginning?Is the next big crash starting? OANDA:SPX500USD I've been watching the S&P closely for the last month during our recovery phase. It's been a great ride up, but today it's starting to look like the cracks are once again forming. The below analysis is as I see it. This is not advice. Please do your own research before entering any trade. Signs of a potential reversal: 1. We have recovered to the point of reaching the "Golden Pocket", which is the idea place to open a short for minimizing risk, between the 50 and the 61.8 Fibs. 2. We have seen a bull flag formation on both the Daily and the 4hr, with both breaking down and out during the last trading session. 3. We rejected off the 50 day moving average on the Daily. 4. Moving average on Volume is reducing. 5. MACD line has turned and looks poised to cross down below the signal line. 6. CCI is trending down and fallen out of upward channel. None of this guarantees that a crash is coming, but it's certainly got me interested. Potential SHORT Trade Setup ENTRY: 2740-2770 (Anywhere here) STOP LOSS: 2970 - 6.89% (Clear those fibs) TAKE PROFIT 1: 2320 - 16.73% TAKE PROFIT 2: 2176 - 21.70% TAKE PROFIT 3: Let run RISK:REWARD: 1:2.4 As per normal risk management practice, once the trade starts moving, reduce your SL and potentially apply a Trailing Stop in a fast moving market. Please DO YOUR OWN RESEARCH!! Happy Hunting!
OANDA:SPX500USDShort
by glennleese
Trade Ideas Educator: USDCAD BatThere're a couple of trade-ideas within this chart. 1. If the market retraces back to the resistance(red) line, it will provide a shorting opportunity on an aggressive setup, with the best Reward: Risk within this trade. 2. If the market finds support at 1.3934 in addition a magic candle appears, I may engaged a countertrend trade as an ABCD Pattern setup. 3. A trading opportunity can also develop within the consolidation area as a bat pattern setup. Personally I prefer setup(1) and (3) let see what does the market give us.
by RaynLim
BTCUSD; A Fork in the Road BTCUSD has come to form nice Bearish Wedge on the Daily Chart. We must be very close to a direction decision as we are now being 'pushed up against the wall' of the 50MA & the huge downtrend line of resistance at the same time, both of which we have basically bumped our 'noggin' on 5 out of the 8 last days... Also in play, what could be considered the Left Shoulder and Head have formed, now we're possibly headed down to $5800 range support for the beginning formation of the Right Shoulder. Volume is dwindling as well. All of this looks Bearish, but the market is so tricky these days with all that's happening in the world with Economics and Pandemic issues. Either Bitcoin will bust through the 50MA and Downtrend line and ascend to the $8000 range / 200MA area or begin to descend to $5800 support. What's your sentiment? Likes & Comments appreciated, Thanks, -HP
COINBASE:BTCUSD
by MinerChad