Get started

Bearish Flag

Btc going to 26 thousand dollarsHello traders, that's my new idea: Having made a long research I think that btc could reach lower lows and that 43k could be the turning point to the real drop. Because of this reasons: First, if you draw the downtrend Fibonacci Retracement from the wick of the 4th December 2021at 42k to the all time high the the 10th of November at 69k yo can clearly see that the price reached the 48.000$ resistance level and refused to hold it coinciding this level with the Fibonacci 0.786. Now the price is situating in the Fibonacci level 1 and possibly ready to fall back. Normally in btc at the end of a downtrend in we usually see a bullish divergence between the MACD and the price but it hasn't appeared yet. The price is printing a long ascending channel that could be a good sign but if the case arises and the btc breaks the lower part of the channel it will become a bearish flag pattern that will push the price to levels 1.27(35k), 1.41(31k) and the golden 1.618(26k). I will consider to enter a short at 42.5k with targets 39.000$ 35k 31k and 26k, i will put a stop loss at 44k and at 41k i will set the stop at entry. That's all, i hope you liked my idea and if you think that I am crazy or that my I'm right i will be glad to see what do you think in the comments. Regards and happy trading . I express only my opinion, do always your own research before risking your capital. This is not a financial advice.
Short
by piccard54
4
Bitcoin - Bye bye Keep it plain, simple and minimize the noise! Here we have a bear flag on the 1hr timeframe with no real support. We broke out to the downside, now I am waiting for a bearish retest to confirm lower prices. I expect some buying pressure from the bulls around 28-29k, but after they lose and 28k breaks I'll be shorting note: 27.5k, 26.2, 23.3 aren't real supports so they will go quick imo The reason I am waiting for a retest confirmation as this could be a bear trap and simply liquidate the shorts.. At the moment - the market is sideways, choppy and RISKY. I have various different set-ups I'm watching and always waiting for confirmations of each one BEFORE entering a trade. bring on the bear! 🐻💸 Comment your ideas down below :)
BITSTAMP:BTCUSDShort
by tradermoth
2
[Bitcoin] Fail to support the bull trend channel..#Crack #Bitcoin #Binance #Daily - This is the appearance of Bitcoin's bearish breakout at the bottom of the blue large bull channel. - It seemed to rebound while keeping the $35,071 closing support level, but it showed a bearish trend again the day before and eventually fell. - In the event of a rebound, it is important to settle upwards of $35,071, and keep in mind that even after an upward stabilization, the bearish trend continues until it breaks above the $37,578 upwards. - If an additional decline occurs, a decline to $31k-$31.6k can be expected, and if the support in the above section fails, it is likely to decline even to $28.1k-$29.8k, which provided strong support. - If the $28.1k-$29.8k support fails, there is a possibility that a bearish departure of the bear flag pattern has appeared from the appearance since November, and there is a possibility that a gloomy period of falling to the simple target price of the pattern of $10k-$12.1k may appear.
by Tommy_Trader
1
$BTC Fib Channel & Fibonacci Retracement AnalysisHere is a clearer visual analysis of where I think Bitcoin will be going. The bear flag formation from 35k and 48k has been confirmed and it looks like we could be going down to the next fib channel support which is around the 32k price range. If the 33k - 32k breaks the next support that Bitcoin must hold would have to be at arnd the 29k to 28k levels in which a possible dead cat bounce could happen. However, this could be a start for of bigger Bitcoin correction possibly all the way back down to retest 20k - 19k which I hope and doubt will be the case. I will likely be in shorts this week as opposed to my bullish nature of longing.
Short
by yoyokenwan
1
Bitcoin sending mixed signalsOn the daily BTC is sending contradicting signals. On the bearish scope, a bear flag pattern has formed which is a reliable signal that the trend will continue downward. But as the flag pattern formed there is also a falling wedge formation which is a very bullish signal, about 63% of the time the market trends upwards. We most take into consideration, inflation, Ukraine and Fed policy have played a huge part in downward movement, right now the path of least resistance is downward because there is big resistance around the $ 42,000 dollar area. We will have to wait and see what happens but most likely bitcoin will test lows it hasn't tested since July 2021 when it was sub $30,000 dollars where it will meet strong support at the $29,000 area. If you like or don't like my idea please feel free to comment, I would like to read your take on things.
BITSTAMP:BTCUSD
by Tradingday22
1
Formation of a Parallel channelThis study is not a trade suggesion, it is only my opinion on the basis of my belife and study. EUR-USD is working in a parallel channel since 4th of march 2022 now its on the verge of a breakdown/reversal . lets wait and watch for a perfect timing to enter. post your opinion in comments below - Wheather it going to bounce back into channel OR Will it breakdown further your every opinion will be answered... please share your thoughts.
by Abhi_The_Chart_Reader