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Bearish Pennant

DOGE - Brutal sleeping giant! Huge falling wedge The doges are still sleeping and we need more time to start a new uptrend, much more time than I expected previously due to fundamental changes in global economy. I belieave we will have a very nice rally after we finish this falling wedge on the daily / weekly timeframe! But for now, the bears are still powerful. The falling wedge is really beautiful, I like it! Unfortunately we have only 2 touches on the downward trendline and that's not enough in my opinion. According to my Elliott Wave analysis, we need to complete this impulse wave with another impulse to the downside because this structure is incomplete and I don't really see it as an ABC correction. We don't know where the fifth wave is going to end, I think we can touch the downward trendline 2x more times with a divergence on the daily chart. I think DOGE is a great altcoin and definitely will have a place on the ladder of coinmarketcap, because it's a very popular coin and people like it. Elon Musk is also a fan.  For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
26
STEPN GMT - 77% crash is imminent! | Bearish channel The price action on the GMT token is terrible. Since the peak in April 2022, the bulls have disappeared and the price is going down pretty quickly! I expect a 77% crash in the immediate short term. If you like this coin, you can definitely buy it for a cheaper price in the future, but for now, I would stay away. As you can clearly see, we are trending in this massive descending parallel channel on the daily timeframe , and it's really possible that we are going to touch the channel at the downward trendline. According to my Elliott Wave analysis, we need to complete an ABC correction before the start of a new bull market. We started with a strong impulse wave in 2022, which gives us hope for much higher prices in the future. I think STEPN is a great brand, but as I said, we need more time to shake out hodlers first, so whales can buy it cheaper. This altcoin is very popular with retail investors and traders, which is a great sign for the future. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
43
Terra Classic LUNC - More downside is coming! | Elliott wave The bull party for LUNC is over, and now we need to regain strength again at lower levels! Many people have lost money in UST and LUNA in the past; there is no trust in these projects, and I would never buy them for long-term speculation.  Maybe that was just a scam pump. I don't even know if someone can trust these coins named Luna, LunaC, Luna2. It looks like a pump and dump game for whales. Better to short it on the futures market to make some money or just stay away. That's my recommendation. I'm not saying we'll go straight down; rather, the price may print a triangle before continuing to the abyss.  As per my Elliott Wave analysis, a major impulse wave has finished and we are looking for a retracement to the downside. 0.618 FIB, or 0.5, is a classic correction for a first impulse wave, and it fits perfectly with the previous horizontal support exactly at 0.00011 USDT. It looks like a sweet point to buy LUNC again if you are bullish about the next possible uptrend. I expect tremendous gains for Golem (GLM). You can find this altcoin in the related section down below. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
82
Bitcoin to 13k next month! Bear flag is breaking down! The bear market is really powerful and steep. It appears that with this speed we will definitely hit 13k next month, or the price may print a triangle before another leg down!  The dollar is extremely strong and everyone is escaping to cash because cash is king? I don't know, you tell me. Bonds are rising and so are interest rates. I am pretty confident we have a massive support at 13k, which is a great buying opportunity for a mid-term bounce!  On the chart you see the potential for a textbook impulse Elliott Wave, which is a sign of the start of a huge bear market, not the end.  After we hit 13k, I expect an ABC retracement back to 25k as a wave B and then another impulse wave downward to 3k-6k. I know it seems crazy, but it can happen as per Elliott Wave rules. This bear market can last kindly 4-7 years, and after 10 years we can reach new all-time highs, which will be the longest bear market in history. The bull cycle 2009–2021 is over. The bear cycle 2021-2026 begins? This analysis is just a scenario, and I would love to be wrong. I really don't want bear markets. This is really the last thing I want. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
134
Bitcoin - Game over! 3000 USD next target, bear market 2025 The bubble has popped, but now for real! We can reach 3000 USD next year without any problem because this exponential growth in bitcoin is over. As you can see on the chart, we had a very nice parabolic uptrend, but nothing lasts forever, and it's not sustainable to hold this curve. We need to cool down for a few years so we can start a new uptrend (wave 3) in the long run. Bitcoin is clearly losing steam on the monthly chart. Satoshi Craig Wright in 2020 said "BTC is not going to go to $100,000". Never? Is he right or not? Tell me in the comment section! It looks like everyone who bought bitcoin in the last 5 years is too late to the party. The 12-month candle is printed as a shooting star, which is indeed extremely bearish. The major trendline from 2013 is breaking down, which is definitely not a positive sign! As per my Elliott Wave analysis, we have finished a major impulse wave and we are looking for an ABC retracement. The usual target of a C wave is at the start of wave 4. The price is below the 200 weekly moving average for the first time in history. This MA is considered a strong support by huge institutions and hedge funds. It's very important. I expect tremendous gains for GLM (golem). You can find this altcoin in the related section down below. For more analysis, hit "Like" and "Follow"!
BITSTAMP:BTCUSDShort
by UnknownUnicorn2537518
190
Ethereum - Descending channel is breaking down! 33% crash soon? Hmm, the situation is grave indeed. Maybe a change of plan is needed! On the daily chart we can clearly see an ascending channel or maybe a bear flag , but I prefer the channel. Ascending channels are bearish patterns, and this channel is very close to a breakout. This is a bullish Elliott Wave count, and we need to complete an ABC correction to start a third impulsive wave upward! As you can see, we started this uptrend with a nice impulsive wave. Now the question is, where is the support? You can use the 0.618 FIB or POC of the previous structure to set a limit buy order if you are a bull for the next major wave to the upside. But I am bearish and it's possible that we reach even lower prices like 880 USDT in the immediate short-term. Because ETH is far more powerful than BTC , Bitcoin can fall dramatically while ETH only slightly. I expect tremendous gains for GLM. You can find this altcoin in the related section down below. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
64
Solana - Bear flag is breaking down! The Bear party is starting! The bears are in full control of this downtrend. We are still below the 20 weekly moving average and the bear flag is definitely broken and retested. This is not looking good for the SOL coin at all. This structure looks incomplete and we need another leg downward to complete a beautiful impulsive wave. Solana started with a strong impulse wave in 2020, which gives us potential for another bull market in 2024-2025 to new all-time highs. Another 46% crash is really possible and likely in my opinion. I don't like to be bearish because people generally don't like bearish analysis. Crypto is a pump and dump environment. It's not like a stock market with incredible strength and buying power from bankers. But I think we can expect a solid pump after we reach my support level. 90% of altcoins are just very bearish, and it's hard to make money in a bear market. It is how it is. For more analysis, hit "Like" and "Follow"!
Short
by UnknownUnicorn2537518
33
✅Bitcoin - You haven't seen this before! New triangle + wedge Everyone is extremely bullish right now and is saying the bottom is in. But I am still very sceptical. We are having a relief uptrend as predicted in my last analysis. The downtrend is really strong and there is absolutely no sign of a trend reversal at this moment! As you can see on the weekly chart, we have an incomplete falling wedge pattern and clearly there is still a lot of price action missing. It looks like we are creating a trading range on the daily chart. Something like a symmetrical or descending triangle. Regarding my Elliott Wave analysis, I think we can create some kind of triangular formation before continuing lower. The question is, how much lower can we go? We have a gap at 12 500 USDT, which is a reasonable target and the one and only one support on this particular chart. We can use a fibonacci extension from wave 3 to wave 4, but it's still too early because we don't know if wave 4 was completed or not. If the trading range is confirmed, then altcoins can moon during this phase and Bitcoin's dominance should continue in the downtrend. For more analysis, hit "Like" and "Follow"!
by UnknownUnicorn2537518
66
Bearish Pennant on GBP/CHF @ W1This bearish pennant pattern has formed on the weekly GBP/CHF chart amid a notable downtrend. The pole and the pennant borders are show with the yellow lines. The stop-loss level (the red line at 1.18001) is set to the highest point of the pennant part. The take-profit level (the green line at 1.11503) is set to the pole's length subtracted from the stop-loss level. I will open a trade only if the currency pair closes significantly below the pennant's lower border.
Short
by AndriyMoraru
Bearish Pennant on BTC with Measured Move to 17367We see a bearish pennant has formed on the BTC daily with decreasing volume. The measured move for this is using the last impulse down from the breakout from the pennant. This lands us at $17,367. Several of these bear flags and pennants in a row BTC. Hopefully for us crypto lovers this bear market turns around soon but I think we are in for at least one more decline. We still have the bullish shark pattern which needs to hit around $10k to complete. Not a lot of reasons to be bullish on BTC, yet.
BITSTAMP:BTCUSDShort
by wuliwong
NIKKEI 225 SHORTCONFIRMATIONS 1. JPN22 is in a current uptrend. Price usually gets rejected in this area. In order for price to push more up, it will most likely need to drop to my -27 extension on my fib before pushing more up. 2. Waiting for price to possibly hit my 50% retracement level to sell entry. 3. Double tops have formed which is a sign of a downtrend. 4. Chart could possibly be forming a rising wedge pattern or a bearish pennant. 5. However I could be possibly wrong there isn't much going on in the economic calendar, so price could continue to consolidate and big moved MIGHT not happen until later. Im not 100% sure. 6. Risk/Reward 4:2 7. 50 moving average is about to be over price. 8. Im bearish on JPN225 short term but bullish long term
BLACKBULL:JPN225Short
by KairosTrades
BTC/USDT : Possible scenarios in every timeframesBINANCE:BTCUSDT BINANCE:BTCUSDTPERP FTX:BTCUSD BITFINEX:BTCUSD BYBIT:BTCUSD BITSTAMP:BTCUSD COINBASE:BTCUSD BITMEX:XBTUSD Hello everyone 😃 Before we start to discuss, I'll be so glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it! Are you'll ready for a $BTC's analysis tour? Follow me in 3 Charts... In 15Minutes Time-Frame, $BTC has formed a bullish cup&handle and the neckline has been located on $19500 - $19600. - So if we get the closings above $19600, Then the breakout will be confirmed and bias could change into bullish, In terms of that; The market can climb to $19925. - Otherwise, If we get the rejection below the marked blue zone, Then It's very possible for us to locate our Short towards $18800, Once it gets the hold below $19300. --------------------------------------------------------------- In the bigger picture, We have another two possible scenarios, In continuation of our last scenarios! - As you can see, $BTC has broken below the last week's low and it's total bearish in the first view, But there'll be always a possible deviation on every break. So, If we get the closings above $20000, Then we can confirm the deviation and our second Long towards $22000 will be triggered... - Also, The bearish phase is still on, So if we get the closings below $18700, Then we can lay on our Shorts again and hold them till $16800. --------------------------------------------------------------- In our biggest picture today, We can see that the last two analyzes have a continuation relation together and this chart has the last relation with all of the two before! - Currently, $BTC is moving in a bearish pennant, and in terms of a break below, It'll fall again as much as the pole has marked. So, If we get the closings below $18600 or better to say $17600, Then we can confirm our possible dive to $15400. - But also, There can be a pullback scenario as $BTC's still moving into the pennant. So, If we get the closings above $23400, Then we can locate our Longs till $28550. Hope you enjoyed the content I created, You can support us with your likes and comments! Attention: this isn't financial advice we are just trying to help people with their vision. Have a good day! @Helical_Trades
BYBIT:BTCUSD.P
by Helical_Trades
11
GBP/AUD Sell 1.9K pips Chart 2/3Sell Limit: 1.76025-1.76500 Stop Loss: 1.76700-1.77000 Take Profits: 1.75300-1.74600 Risk/Reward: 2.8/1 AVG Hold: 2 days Expectancy: 1-3 days ........................................ Hedge Order: * Protects 33% of Trade Buy Limit/Stop: 1.76025-1.76500 * Hedge Entry MUST be equal to Sell Entry. Stop Loss: 0%-25% of gap between Open Entry and Open Take Profit Levels Take Profit: 1.76700-1.77000 * Hedge Take Profit MUST be equal to Initial Position Stop Loss ............................................ Trade P/L: Profits: 1.9K pips Losses: 0 - .975K pips * Careful Trading. Here's 1hr Sell Entry for GBP/AUD. Leave comments and/or question and feedback and follow for updates on new trading opportunities.
Short
by charrison4300
ETH: BEARISH PENNANT IN LTF! Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this ETH update. ETH is not looking good here. Forming a bearish pennant pattern in 1h time frame where breakdown of pennant is still pending. Once it breaks down from this pennant we can expect a dump. Invalidation level:- If any hourly candle close above the pennant will invalidate this chart. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Short
by CoreCrypto1
8
Is Bitcoin creating a Bearish Pennant?Hello traders of tradingview! I would like to thank each and everyone of you for supporting my last chart i posted. Please if you haven't yet already go check that chart out i have it linked at the bottom it is titled Psychology of a market cycle. Please also make sure to LIKE and FOLLOW for more VALUABLE content! What i expect is a slow gradual decline in Bitcoin's price ultimately finding support around $19,500 where i would expect Bitcoin to bounce from that level back up to recent local high around $21,800's. I would be looking to short $21,800 back down to about $20,000. At that point Bitcoin will have started to form a visible bearish pennant . I would expect yet again another retest of trendline resistance at or around $21,000 creating a defined bearish pennant . How to short the breakdown? 2 different ways i would short this trade setup. 1. For the best risk to reward ratio you could enter a short position at the top of the trendline resistance when Bitcoin is nearing the apex of the bearish pennant . Place a stoploss at or around $22,000 using low conservative leverage and patiently wait for the breakdown. 2. The other way to short this is by shorting the breakdown. Which means you would wait till Bitcoin approaches its trendline support on its 4th test of trendline support it will likely breakdown as long as the apex of the bearish pennant is no more than a few days away. Enter your short using low leverage and place stoploss above trendline resistance. BEARISH PENNANTS Bearish Pennants are simply the opposite of the Bullish Pennant . Bearish Pennants are continuation patterns that occur in strong downtrends. They always start with a flagpole – a steep drop in price, followed by a pause in the downward movement. This pause forms a triangular shape, known as the Pennant . There is then a breakout, and the downward movement continues. Traders look to enter short trades on a break below the pennant . KNOWING THE DIFFERENCE BETWEEN PENNANT PATTERNS AND TRIANGLE PATTERNS Pennant patterns are very similar to triangle patterns, but there are some important differences between a crypto Pennant and a crypto triangle that should be acknowledged in order to trade either pattern successfully. These are the key differences to note: A Pennant pattern has to be preceded by a strong up or down move that resembles a flagpole. If there isn’t a flagpole, then it's a triangle and not a Pennant . A Pennant tends to form a shallow retracement (typically less than 38% of the flagpole). A deep retracement is indicative of a triangle rather than a Pennant . A Pennant is characterized by the continuation of the upward or downward trend. A Pennant is a short-term pattern that is usually completed within one to three weeks. A triangle pattern usually takes much longer to form.
BITSTAMP:BTCUSD
by SolStackz