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Bearishpattern

Bearish Thesis Bitcoin to 20800-then drop to 18500 WIP (Short)Elliot Wave continuing from the drop from 25200, ABCDE. Rising Wedge to about 20750-850 (not exact), then a drop from there to 18400-600 as measured from the last drop. Not a guarantee. I haven't entered a short, I might take a swing with my hedge account. Work-In-Progress. This doesn't mean, "short now" but for traders that already have established shorts from higher levels, this would add to the "hold your shorts" argument. I might set some very small sell stops on my hedge account with very little risk. I'd be placing stops a few hundred above just in case. I would also be taking healthy profits in my very light long position on my main account if we approach this level, but that is already a given. Also 18400 would not necessarily be the stopping point for the drop, as it is simply a measured move based on the last one that played out. A secondary target might actually be to "sweep the lows" of 17600... implying at least a few hundred below that, or possibly thousands depending on catalysts, positioning, and where everyone's stops are placed.
BYBIT:BTCUSD.PShort
by JJMa
BNB: Bearish Inverse Cup & Handle!!Hello Guys, BNB is looking bearish here. It is forming inverse cup & handle pattern (which is generally a bearish pattern). Important support area is $273-$278 (support line of inverse cup & handle pattern). If it breaks below the support then we can see more dump ($250ish area) You can open a short position after breakdown of support area with low leverage. SL: Above $311 if you like this idea then do support it with like and follow for more. Also, share your views in the comment section. Thank You!
Short
by Usman_Yaqoob
1
XAU/USD SHORT (short-term)XAU/USD Short (Short-term). Looking to sell XAU if we get a break below that mini resistance zone. We have currently broken the lower TF market structure and now I'm waiting for an inverted Head & Shoulder pattern to form before looking to take Gold higher breaking out of the trendline. This trade is only valid if price breaks below and we get a nice rejection of the 1800 level. I will be using the Fibonacci tool to measure the pullback and candlestick patterns for the entry.
OANDA:XAUUSDShort
by TomBray1
1
LUNA continuation of the mid-term downtrend SHORTHello everyone. Introducing LUNA to the USD. After a sharp drop from 27/12, Luna drew a bearish flag and tested it from the bottom, which shows a continuation of the downward trend in the medium-term. The convergence of the trend line, 0.5 Fibonacci and a similar percentage decrease act as a magnet in the designated place of my takeprofit Cryptocurrency after the $ 100 rally, need a breath. Personally, I'm selling a LUNA with a marked stop loss of $ 90 and a takeprofit of $ 73 This is not an investment advice, but my personal analysis. Comment and like Greetings.
LShort
by SayMoney
3
ETHUSD 15-1HHi folks! hope you guys had a cute profit on the latest Ethereum short. This time we will be taking a look at the smaller time frame like 15 min to 1h. As you can see we got a huge impulse on the first wave but for now it's basically exhausted and we got a very beautiful correction movement as well. In my humble opinion, it will break out soon because it is looking super bearish right now. However, the picture tells you the details about how to open a position. When everything goes as I predicted then finally we can consider it as the beginning of the second wave.
COINBASE:ETHUSDShort
by lovestein
Bat Harmonic Pattern - Advanced AnalysisIn this series of chart patterns, we have taken a look at the more traditional ones. However, we have not yet discussed harmonic patterns. Harmonic patterns form a part of the numerous chart patterns available for the identification of reversal points. The practice of trading using harmonic patterns is often defined as "Harmonic Trading". We felt like it was an appropriate time to discuss the popular bat harmonic pattern, defined as "The most accurate pattern in the entire harmonic trading arsenal" by Scott M. Carney (1). "Suspicions in thoughts are like bats among birds." - Translated from Francis Bacon. 1. Introduction Unlike most traditional chart patterns, these patterns do not require breakouts of the price to be traded and involve the usage of precise Fibonacci ratios (highlighted below) for the identification of harmonic patterns. This makes harmonic patterns less subjective and pretty spooky. Wow. 1.1 Fibonacci Ratios Fibonacci ratios are key components of harmonic patterns. Fibonacci ratios are obtained from the Fibonacci sequence, whose n th element is obtained by adding the two previous numbers of the sequence, that is: Fib(n) = Fib(n-1) + Fib(n-2) The sequence is as follows: 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233..., and exhibits various characteristics. One characteristic of interest is given by the ratios between elements in the sequence. The ratio of one element in the sequence with the following one approximately equals 0.618, while the ratio of one element in the sequence with the previous one approximately equals 1.618. These two values are often defined as golden ratios, with 1.618 being denoted as "Phi" (upper-case P) and 0.618 as "phi" (lower-case p). The ratio between elements separated by two positions returns 0.382 and 2.618 respectively, calculating the ratio using a higher separation would return the series of Fibonacci ratios. These ratios are also given by raising the golden number with specific exponents. 0.618^4 = 0.146 0.618^3 = 0.236 0.618^2 = 0.382 0.618^0.5 = 0.786 0.618^0.25 = 0.886 0.618^0 = 1 The rationale behind the usage of Fibonacci ratios with harmonic patterns (and other methodologies in general) is given by the presence of the Fibonacci Sequence in nature and certain organisms and structures, but more importantly in human behavior. If security prices reflect investor behaviors, it seems logical to find a connection with Fibonacci numbers. This is a common rationale used by technical analysts to justify the usage of Fibonacci ratios. A few studies aimed to explain a potential connection between the Fibonacci sequence and financial markets and evidence obtained by Bhattacharya & Kumar provide further incisive research on this connection (2). 2. Harmonic Bat Patterns The bat harmonic pattern is built from 4 segments connecting points X, A, B, C, and D, each one located at a local maxima/minima of the price. The relative distance between the segments is used to determine the validity of a bat pattern; these rules are defined as follows: 1 - Segment AB retraces within 38.2% and 50% of the XA segment (some less strict conditions only require a retracement within 38.2% and 61.8%). 2 - Segment BC retraces within 38.2% and 88.6% of the AB segment. 3 - Segment CD retraces within 161.8% and 261.8% of the segment BC. 4 - Segment AD is approximately equal to 88.6% of segment XA. For the pattern to be valid, the vertex given by point C must be confirmed. It is also interesting to note that the bat pattern can possess an internal AB = CD pattern. A reversal is more likely to occur within the "potential reversal zone" (PRZ). Traders can have different methods for identification however Fibonacci retracements are commonly used, with an extremity of the PRZ located at 88.6% of the internal retracement of XA and another at 161.8% of BC. Another method identifies the PRZ within 78.6% and 100% of the internal retracement of XA. Some traders wait for additional confirmation before entering a position such as the occurrence of internal reversal patterns, oscillator divergences, or for the price to evolve outside the PRZ such that it implies that a reversal is occurring. 3. Stop Loss & Take Profits Various techniques exist to set take profits and stop-loss levels during the formation of a bat pattern. Some traders place the stop loss at or a few ticks below X, which can lead to reduced risk but a higher risk of a premature trigger of the stop-loss. The usage of a very tight stop loss is mentioned by Scott M. Carney. A take profit can be set at point A. Additional Fibonacci retracements might be used for partial exits. 4.Practical Examples Bearish Bat pattern on USDJPY15, we apply Fibonacci retracements to the segment XA and use the levels 0.5, 0.382, 0.236 as partial take profits while level 0 exits the entirety of a position. Bullish Bat pattern under completion on ERGOUSDT 4h, the price breaks the level situated at point B is a good sign for a potential of reach of the PRZ. 5. Observations Oscillator divergences occurring when the price is within the PRZ can be an additional confirmation of a potential reversal occurring. We found no studies proving data that the bat harmonic pattern is superior to other harmonic patterns. One study by Krzysztof Bednarz highlights the profitability of the bat pattern in a trading period of 27 days (3). Bulkowski shares statistics on how often price turns at point D (4). For Bullish Bats, the price reverses at point D 91% of the time, for Bearish Bat patterns the price reverses at point D 86% of the time. Super spooky... References (1) Carney, S. M. (2010). Harmonic Trading, Volume Two: Advanced Strategies for Profiting from the Natural Order of the Financial Markets. Pearson Education. (2) Bhattacharya, S., & Kumar, K. (2006). A computational exploration of the efficacy of Fibonacci Sequences in technical analysis and trading. Annals of Economics and Finance, 7(1), 185. (3) Bednarz, K. (2013). Taking investment decisions on the futures contracts market with the application of Bat harmonic pattern – the increased efficiency of investment. (4) Bulkowski, T. N. (2021). Encyclopedia of chart patterns. John Wiley & Sons.
Editors' picks
BITSTAMP:BTCUSDEducation
by LuxAlgo
43
Cryptocurrency HBAR (Hedera Hasgrash) Very BearishA short strategy for cryptocurrency HBAR (Hedera Hasgraph) which has tested support multiple times and might break down at any time. A descending Triangle also being formed at 4H timeframe and support on 1H and 30 mins candle. Triangular descending is a strong pattern and results in break down. It has also consolidated well within range in the last 2 days. 50-EMA and 200 EMA also giving resistance consistantly. Do not place a tight stop loss as it might come back for a Retest and then rally down. You can even shot at trend line resistance Trade well and mitigate risk properly :)
Short
by raghav_tradeit
Gold to soften before FOMC AnnouncementAt the current trajectory of the market, the price favors USD before FOMC in hopes of the dovish words 'tapering' to proceed. We've seen the market shift into a risk-off mode where funds have run to the yen as a safe haven. As for gold, I see an opportunity for bulls to reverse as high-impact news hits the floor. Gold has currently hit a resistance point with a nice pinbar forming on H1 Timeframe. A double top formation at this key level will determine my expectation of price to proceed downwards. Sell XAU 1777.15 SL 1782.00 TP1: 1767.10 TP2: 1761.10 TP3: 1745.10 Confluence Details: 1. Rejection off resistance key level at 1777.00 2. Bearish Fakeout Pattern in motion 3. H4 0.5 Fib Retracement level 4. H4 1.414 Fib Extension Level 5. Double Top at 1777 needs to form in order for trade to be valid (I won't enter without this) Also bear in mind, the market has the potential to form a LL at 1767.10 and extend higher if there is enough buying pressure. Taking all profits at this is the safest option. Other than that, Happy Trading FOMC!
OANDA:XAUUSDShort
by Altconomist
2