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Bearish Flag

Hitting ~28k$ very soonBTC does look like its forming a bearflag. Could potentially hit the big resistance at ~40k$ before breaking out of this channel to the downside. Pricetarget of this bearflag is at ~28,1k$ which would automatically mean we hit also the golden ratio. This would be the best target to reach to be able to reverse the market and continue with the bull market. To the guys who are familiar with elliott waves: In my opinion wave C should be finished quite clearly once we hit the 40k$ and come down to 28k$ then. Please just correct me if I am wrong.
INDEX:BTCUSDShort
by crnkjexxxx
BTC/USD: bearish flagBitcoin make a bullish divergence in the RSI and price action and we have a 10% up of the price. But, I don' master the divergences, it's another theme that I interesting to learn more and practice identify and becoming a master of divergences. But, right now, Bitcoin forming this bearish flag and I look a bearish hammer, and that it's when the price reach a higher in the day and bears are entry with signal to sell Bitcoin following the downtrend. Ok, I put a sell order limit in the $37,600 USD, my SL at $39,995 USD and my target around $32k
COINBASE:BTCUSDShort
by harisonhbn9718
1
BTCUSD 15m - Bear Flag with 3 TargetsHi everyone, Thank you for considering reading my idea. After the recent dump, it looks like we are consolidating at 38-39K and we are forming this bear flag or maybe a broadening wedge. We may pump up to 39.5k if we get supported on the bottom line of the flag. If we broke down off it, there are 3 targets: 1.) 38.5K 2.) 36.6K 3.) 34.8K If we are conservative enough, maybe the first target would be more realistic. Like this idea and follow me for more analysis like this. NFA . TAYOR. DYOR. Cheers, Juvs
BITSTAMP:BTCUSDShort
by Juvssss
3
BTCUSDT is creating a bear flag above the weekly supoortBitcoin is testing the Supply zone. The supply zone is where all the sellers are located, and it's represented a 4h resistance. The price is in the compression phase, the market created the higher low and a lower high inside a bear flag. A bullish scenario could happen if the price is going to have a breakout from 45k resistance with volume and momentum. Otherwise If the price is going to lose the bear flag we could see a double bottom on 40k, on the weekly support (Red One) What is the bear flag? Small flags appear like road kill along the price highway. You find them in a fast-moving price trend, one that zips several points in a just a few days. Price pauses at the flag and then continues in the same direction as before encountering the flag. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. Follow the Shrimp 🦐
by InkyGrip
49
AUDUSD BEARISH FLAGAUDUSD Is approaching the floor of the Ascending Channel after completing 5 impulse bullish waves after the 5 waves price tends to have a mayor decline in price in conjunction with a bear flag the odds for a potential breakdown to the downside is imminent, will execute the trade after a clean breakdown of the floor of the ascending channel following with a downtrend confirmation targets will be place at 0.69988/067616 stops in the top mid range of the channel
Short
by TradeChartPatternsLikeThePros
Kahoot!: Bearish Flag FormationKahoot! - Short Term - We look to Sell at 48.75 (stop at 54.80) Prices are extending lower from the bearish flag/pennant formation. Continued downward momentum from 54.45 resulted in the pair posting net daily losses yesterday. The medium term bias remains bearish. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. Further downside is expected although we prefer to sell into rallies close to the 48.75 level. Our profit targets will be 36.30 and 33.00 Resistance: 48.75 / 54.45 / 55.50 Support: 47.80 / 45.50 / 42.15 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing toa trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
KShort
by Saxo
Ethereum closed $ 50 million in one hour. Watch out for this !Hello everyone! With a sharp drop, price stopped at strong support ($ 3600). Scenario 1 on bullish rises: Make a quick comeback with a bear flag top test or create a short term double bottom on strong support ($ 3600) The surest entry is with test the bearish flag from top. Close to the price ($ 3900) Scenario 2 for bearish rides: Testing a bear flag from below and it will drop (Book play) The best place to entry in this situation is the second low at $ 3,600 tested from the bottom. In this scenario, I aim to test the highs from 09/23 and 09/27, which have not been tested and are very close to 0.5 FIB I myself will deal with a new one with my strategy if it happens. Comment and like. Greetings!
COINBASE:ETHUSDShort
by SayMoney
Ethereum closed $ 50 million in one hour. Watch out for this !Hello everyone! With a sharp drop, price stopped at strong support ($ 3600). Scenario 1 on bullish rises: Make a quick comeback with a bear flag top test or create a short term double bottom on strong support ($ 3600) The surest entry is with test the bearish flag from top. Close to the price ($ 3900) Scenario 2 for bearish rides: Testing a bear flag from below and it will drop (Book play) The best place to entry in this situation is the second low at $ 3,600 tested from the bottom. In this scenario, I aim to test the highs from 09/23 and 09/27, which have not been tested and are very close to 0.5 FIB I myself will deal with a new one with my strategy if it happens. Comment and like. Greetings!
COINBASE:ETHUSDShort
by SayMoney