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Bearish Flag

BTC Will Have To Make A Big Move Tomorrow. No More Time Left!When looking at BTC on the Daily timeframe, we can see that it has been trading in a descending channel since March 2022. Every time the price moved down, it consolidated into a bear flag pattern which eventually was followed by a downward move as expected when that pattern is printed. When looking closer at this channel, we can see that BTC is starting to print a new candle and coincidently, it opened up inside the channel. This can only mean three things... 1. There's no time left before a bearish or bullish decision needs to be made. 2. BTC will have to break through the powerful channel with a bullish move. 3. BTC will have to dump lower to remain in the channel and most likely continue another bear flag pattern at a new low or a quick wick to a new low. The CPI numbers were released at 9.1% and the whole planet is extremely bearish. Usually, when everyone's bearish, the opposite tends to happen, like what we witnessed today resulting in the crypto market pumping. I can't say I know for sure what will happen next but the day opening where it's at right now can either be a great breakout entry opportunity or a great short opportunity with tight stops. If we do manage to break through the channel, I can see a steady rise to the next dynamic resistance shown as the yellow dotted line, and once again coincidently, that's around 28k. Let's see how this plays out. Love it or hate it, hit that thumbs up and share your thoughts below! Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! This is not financial advice. This is for educational purposes only.
Long
by rnaofs
4
BTC: STILL NOT OUT OF DANGER!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BTC is bouncing from the $19k support pretty well as we told you in our previous update. BTC is still trading inside a bear flag and currently trading near the middle line of the channel. Scenario1:- If BTC got rejected from here then we again see it at $19k level. Scenario2:- If BTC breaks this middle line of the channel (Breaks above $21k) then we see a rally to the upper trendline of the channel and we might see a rejection from there. In short until and unless BTC did not break the $23k level we don't expect a rally. If BTC breaks down this bear flag then be ready for a new low. Let's see how this goes in the next few hours. 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
7
[Bitcoin] 19K support is solid?? It's still too early to assume#Crack #Bitcoin #Binance #1D The support in the $19,828-$19,118 section, which was mentioned as very important in the previous briefing, succeeded, and it held the previous candlestick along with a buying trend, showing the possibility of a rebound. However, it can still be viewed as an extension of triangular convergence or an extension of a bull trend, and contains the possibility of continuing the bear trend. Since the short-term high has not yet been renewed, the expected support section is the same when the bear trend continues, but the expected resistance section has changed. As in the previous briefing, you can draw two rising channels. In the first case, a large bullish channel can be drawn, and in this case, the resistance near $22,175, where the center line of the bullish channel and the top of the convergence overlap which plays an important role. However, if the overshooting appears in the $23,240-$23,880 section and then the $22,175 section is supported, we can expect a short-term rise to the upper end of the channel. s3.tradingview.com In the second case, a small bull trend channel can be drawn. In this case, the resistance in the $22,580-$23,360 section, where the bull trend and the bull trend channel overlapped on June 13th, which plays an important role, The possibility of overshooting is shown until $24,190, where the long-term trend line and short-term Fibonacci level are located. Even in this case, if support is provided after breaking out the $22,580-$23,360 range, we can expect a short-term bull trend to the mid- to long-term Fibonacci level of $25,890. - Summary Support Section $19,828-$19,118 Important $15,508-$15,139 $12,107-$10,909 Important $7,750 overshooting level Resistance section Case 1 $22,175 Important $23,240-$23,880 Overshooting Level Resistance section Case 2 $22,580-$23,360 Important $24,190 Overshooting Level
by Tommy_Trader
2
BTC: LAST HOPE FOR BULLS!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BTC is continuously dropping after the rejection from the $22.5k resistance level. It is forming a bear flag in a 12hr time frame and currently hovering near the lower trendline of the flag. As long as BTC stays above this lower trendline ($19k) we can expect a bounce from here. If in any case, it breaks down from this bear flag (Break below $19k) then be ready for another low. Support:- $19k Resistance:- $22.5k If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
6
[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