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Bearish Flag

Ethereum - Secret bear flag! (70% crash target) Ethereum shows a lot of weakness on the major timeframe. You can see that the downtrend was pretty steep, and now we are in a bullish correction / consolidation. The chart is printing a big bearish flag or ascending parallel channel, and I think we should test the upper trendline first before continuing lower below 900 USDT. The bear flag is a little bit hidden, but you can spot it with a little skill. We have been consolidating within this bear flag for almost a year now. At least a 30% pump is very possible at this moment, and it will be a great time to take profits before a huge crash! This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. You can see my Elliott Wave count on the chart. I don't know whats yours, but you can take some inspiration. A lot of people are very bullish at this moment, but the chart does not look bullish. A trendline from 2015 on the ETHBTC chart is breaking down, which is a significant bearish technical event. Make sure you check out the trendline in the related section down below! I can say that the majority of people are refusing to accept the fact that ETH and BTC could continue in the bear market. I can see it below my previous posts in the comment section, so I can make a pretty accurate conclusion. I also use this indicator for my analysis. The major crash could occur in September 2023 or later. Now I think ETH will go up by 30%, even though I am not going to speculate on any longs at this point on ETH. Choose some better altcoins, such as WAVES! Thank you, and for more ideas, hit "Like" and "Follow"!
by UnknownUnicorn2537518
56
BTC - last push to 29k and then down! Here's a quick look at the 1 hr. BTC chart. As we can see, the price is currently forming a bear flag, a bearish pattern, and a decisive move could be around the corner! We may see a push to 29k to close the CME gap. Any decision by the Federal Reserve to increase interest rates by 50 basis points would likely result in a considerable market downturn. So, it would be advisable to closely monitor the outcome of the upcoming FOMC meeting tomorrow. The existence of CME- and Fair Value gaps below the current price implies an eventual downward correction. Moreover, the overall sentiment is not bullish, and the possibility of an unforeseeable black swan event remains! ------------------------------------------- Key Dates to Watch in March: 21/22 Mar: FOMC Meeting 30 Mar: GDP Report ------------------------------------------- If you like the content, then make sure to comment and like the post :D Follow me for daily profitable trading setups. BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Short
by MBM_Crypto
19
A 711pips of profits that could be yoursA 711pips of profits could be yours if you join our Weekly Wednesday LIVE Streaming Session on TradingView. Should you ask me my view on EURJPY and choose to engage the Bullish Deep Gartley Pattern at 138.17? What happens next could be of better use to you, a Potential Bearish Flag Pattern trading setup. There are 2 ways I would engage it. The first way is to wait for a break and close below the current trendline, and I'll wait for a retest before engaging the trade. Another way would require the market to rebound and pause on the higher trendline. That is when I will wait for a candlestick pattern confirmation before engaging the trade.
Short
by RaynLim
1
Bitcoin bear flagging again or is that too EASY?!?!?!So we had previous bear flag have a bear followthur. And looks like we are bear flagging again. But is that too easy for bears? If we do break down and confirm the best flag Bulls must hold the weekly higher low, otherwise we are back in bear market. Could we form a Bart pattern and shoot back up? Supported by the golden crosses. What are the odds of each scenario??? Fifty fifty? Let's wait for direction. As I got chopped up on matic today already. And check your stops.
COINBASE:BTCUSD
by Anunakii
1
USOIL: Likely Setting Up For a Bearish Harmonic FailureThe WTICO has been trading up and down within this channel due to a pause in the bearish price action that it's found at this .886 Bullish Bat PCZ but looking at slightly lower timeframes and the current Fed Condition i do not believe this Bullish Harmonic will perform; I instead expect for it to eventually fail and bearishly breakdown out of the consolidation channel and flush down to the nearest potential support levels of $50-$40 then maybe even $30-$12 which would line up with the 0.886 of the entire trend and would then satisfy all the Macro Bearish Shark Harmonic Targets that can be seen in a much earlier post below: It should also be noted that we are trading around the 89 Day EMA and that price has bearishly reversed from the 89 EMA everytime it has hit it since the bear trend began.
OANDA:WTICOUSDShort
by RizeSenpai
📉 4 Common Bearish PatternsIn trading, a bearish pattern is a technical chart pattern that indicates a potential trend reversal from an uptrend to a downtrend. These patterns are characterized by a series of price movements that signal a bearish sentiment among traders. 📍Bear Flag 🔸 A small rectangular pattern that slopes against the preceding trend 🔸 Forms after a rapid price decline (flagpole) 🔸 The pattern is completed when the price breaks below the lower trend line of the flag 📍Descending Triangle 🔸 A bearish continuation pattern that forms with a horizontal support line and a descending trendline 🔸 Forms as the price reaches lower highs, while the lows remain at the same level 🔸 The pattern is completed when the price breaks below the horizontal support line 📍Rising Wedge 🔸 A bearish reversal pattern that forms with a series of higher highs and higher lows 🔸 The pattern forms as the price moves up in a narrowing range 🔸 The pattern is completed when the price breaks below the lower trendline 📍Triple Top 🔸 A bearish reversal pattern that forms with three peaks at the same price level 🔸 The pattern forms as the price reaches resistance at the same level multiple times 🔸 The pattern is completed when the price breaks below the support level, which connects the lows between the peaks 👤 @AlgoBuddy 📅 Daily Ideas about market update, psychology & indicators ❤️ If you appreciate our work, please like, comment and follow ❤️
Education
by QuantVue
21
Bitcoin - Best plan for the next week! First, Bitcoin is going to drop to 21833 or even a little bit lower at the start of the week, probably Monday or Tuesday. After that, we should see a massive pump to the upside to fill the previous unfilled GAP, which is around 23395. The bulls should step in at around 21833 because, technically, we will finish the ABC correction from the Elliott Wave perspective. Also, we will close the previous GAP. Don't get caught with your shorts in this white trendline. I can see this trendline everywhere on social media. If you enter a short, you will get REKT. This analysis is not a trade setup; there is no stop-loss, entry point, profit target, expected duration of the trade, risk-to-reward ratio, or timing. I post trade setups privately. I am bearish on Bitcoin overall, and I think we are going to reach 17k-18k before a massive bull market takes us to a new all time high. If you want more of these short-term analyses on Bitcoin, hit the like right now so I can see if you are also interested in the short-term periods. The whole crypto market is going to go down, including ETH and XRP. Only a few stronger coins will keep pumping. Thank you, and do not forget to leave a comment if you trade these short-term moves!
by UnknownUnicorn2537518
74