Bearish Pennant

BTC UPDATE! DUMP INCOMING!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to the new BTC update. BTC is currently trading around the $30.2k level. As you see in the chart, it is forming a bearish pennant in 1hr time frame. It already breaks down this pennant and a retest is also done. According to this pattern, we might see a big sell-off today. If this pattern plays out accordingly, then we see a dump up to the FWB:29K level from here. Invalidation:- If the hourly

How to Trade Bear Pennants How to trade bear pennants with entries and stop levels.

by bullishbears

Bitcoin price action update : Bearish pennant This is another update about the bitcoin as the price action has been developing in another consolidation factor. During the development of the price action, we also see that the price is now forming another bearish scenario as the liquidation factor involved in this analysis.

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Bitcoin - No one talks about this trendline, last wave up! Bitcoin is appraoching an extremely strong resistance at around 30k. The chance of crash from this level is extremely high! We can see that the uptrend from 20k to almost 30k in March is steep and without any major corrections. From the Elliott Wave perspective I expect last fifth wave to the upside to complete an impulse wave. We can find a resistance at the major trendline that you can see on the chart, or you can call it a broadening wedge. If you open a short position slightly below 30

by UnknownUnicorn2537518

BEARISH PENNANT FORMATION BTC/USD SHORT Dear followers and viewers, *We have a bearish pennate formation along with a death cross on the REX indicator. There were also no signs of bullish divergence on RSI meaning BTC should trade lower, especially if the pennate does not break currently. *There will be a continuation of the trend, tread lightly if you are bullish better off thinking of a bearish scenario. *My target for this short is near 20.5k ~MC

by MasterChef23

Ethereum - Final 24% drop before a new all time high! Ethereum is now in an extremely difficult situation because the price is at the resistance of this symmetrical triangle and also inside the bearish rising wedge pattern on the daily chart! These patterns are bearish, so the probability of breaking down is higher at this point. Of course, we can breakout bullish, but do you really want to bet on it? What's more, it looks like the first impulse Elliott wave has been completed, and we should take a look for a potential buying level on the next b

by UnknownUnicorn2537518

Bitcoin to 18k. The big crash is coming! It looks like Bitcoin has completed the first bullish impulse wave, which is a very positive sign for the future, but right now the correction is in progress. As you know, from the Elliott Wave perspective, wave 2 corrections are usually deeper, especially in crypto. 0.618 FIB or even lower is a classic retracement, and because we have a huge unfilled GAP, this is going to happen! 0.618 FIB is at 18658 (LOG), and the start of the gap + POC of the previous consolidation structure is at 16830.

by UnknownUnicorn2537518

Bitcoin - Buy here if you feel FOMO! The new bull market on Bitcoin started with a strong impulsive structure, which is definitely a positive sign. We have an unfilled CME GAP at 20,000 - 20,450, and there is a very high chance that the market will fill the GAP; I would say 90%. We can fill this gap next week, next month, or next year, believe it or not. It happened during the COVID flash crash. If we fill this gap, you want to buy as much bitcoin as possible for the long term investment! I expect this bull market to end in Sept

by UnknownUnicorn2537518

Solana - Exponential growth, right now! Solana looks extremely strong at this moment, and it looks like we will have an explosive pump! But it has already begun. From a technical perspective, we need to retest the previous blue trendline, which is at 29.8 USDT. It's also the point of control for the previous price action. This is the first profit target, and I recommend selling SOL here. The second profit target is more advanced. There are a lot of stop losses above the wave (4), so the market might find enough strength to get the

by UnknownUnicorn2537518

GOLD - This is brutal, no one expected it! Don't be surprised if you wake up in the morning to see a massive red dildo on the gold chart breaking down the wedge. In my opinion, it's very likely. GOLD is absolutely ready for a massive downtrend; it's going to happen very soon, so I hope you are prepared for it! We can clearly see a rising wedge on the 4h / daily charts, which is also an ending diagonal wedge from the Elliott Wave perspective. This indicates that the bulls are losing steam. The question now is, "How deep is the retrac

by UnknownUnicorn2537518

XRP - Whales will start buying XRP here. But first a 55% DROP! This head and shoulders pattern on the weekly chart is almost ready for a breakdown, so this is your last chance to sell XRP and save your money! On the other side, it's a great opportunity to short XRP on the futures market, as I already did at the top of the right shoulder (see my previous idea)! But be careful; XRP is the beast, and I know XRP very well, more than most other people. Overlaps between waves are common, and movements can be difficult at times, but they are doable. If you as

by UnknownUnicorn2537518

Bitcoin - Secret pattern no one is talking about! Bitcoin is bearish on higher timeframes, but on the 4-hour chart, BTC could reach 17,300–17,550 in the near term! There is a massive opportunity to short Bitcoin at the top of two parallel channels or at the 0.618 - 0.5 FIB! We can go straight down to 10k after we reach this important level. From the Elliott Wave perspective, it makes sense to complete the C wave to the upside. There are many shorts that must be eliminated before bitcoin experiences a historic crash! The previous uptrend fr

by UnknownUnicorn2537518

DOGE - Extremely bearish pattern, buy/long here! Doge looks very bearish, but this coin is definitely stronger than others. In this analysis, I will tell you where to buy DOGE for a short-term trade! Doge is not going anywhere; this coin will survive even the most hard-core crash, together with Litecoin and Monero. These first-generation altcoins are solid. Unfortunately, the chart is printing a descending triangle, which is not bullish. There is a lot of liquidity below the triangle, so the market wants all orders. I am buying doge exact

by UnknownUnicorn2537518

CAD-JPY Bearish Pennant! Sell! Hello,Traders! CAD-JPY is trading in a downtrend And the pair broke out of the Bearish pennant pattern Which reinforces our bearish bias And I think we will see A further move down Sell! Like, comment and subscribe to boost your trading! See other ideas below too!

by TopTradingSignals

Bitcoin - A new Twitter coin! Elon Musk, Lightning Network! Bitcoin is still very bearish because the current price is below the main trendline and below the swing low from June 2022. I am not buying bitcoin at this moment because I feel like it is too risky to catch the bottom like this. But if Bitcoin breaks above 21,480 USD, then I will do more research about the stock market and gold , and I may open an investment position with a target of around 150,000 USD. I would rather buy bitcoin at a price above 21,480 USD than at the current price of 17,00

by UnknownUnicorn2537518

AUD/NZD - Short - Bearish Pennant Continuation Pattern: - Bearish Pennant MACD turning Bearish In line with EMA bearish trends Continuation pattern Technical indicating strong sell High probability

by francesgurton

TWT Trust Wallet - The pump is over, buy at these levels! TWT is a great token, but it looks like the price is too high at this moment, which is why I recommend buying the dip at lower levels! As you can see, the chart is printing a descending triangle at the top of the uptrend. This is definitely not a good sign at all. Descending triangles have a higher probability of breaking down. I made a descending parallel channel projection on the LOG scale, which can be very useful in the future. Usually, triangles turn into channels. The impulse wave has

by UnknownUnicorn2537518

Bitcoin - The bears will crash BTC again! (Great opportunity) From November 21 to November 24, we had a pretty nice uptrend. It lasted only 3 days, and the structure of the uptrend is bearish. As per my Elliott Wave analysis, it was an ABC correction because I can see only 7 waves, which is a typical correction with an extended wave A. Bitcoin is the most bearish asset, and it's absolutely a pleasure to short Bitcoin or Ethereum! A new week started, and Bitcoin broke out of the symmetrical triangle pretty hard. October and November are extremely bull

by UnknownUnicorn2537518

Ethereum - 28% crash is almost ready! (descending triangle) On ETH, the current market structure is extremely bearish. We can spot a descending triangle projection on the 4h chart, so for now the probabilities are for it to go lower. I believe the market wants to wipe out all stop loss orders above the swing high at 1234 USD, which is also at the 0.618 FIB. This is a great level to open a short position on futures. I will short all pumps on ETH until we reach 882 USD, the previous swing low from June 18th, 2022. Ethereum is pretty weak compared to ot

by UnknownUnicorn2537518

Bearish Pennant on USD/JPY @ D1 This bearish pennant pattern has formed on the daily USD/JPY chart as a longer-term downtrend seems to have started. The pole and the pennant borders are shown with the yellow lines. The stop-loss level (the red line at 140.793) is set to the highest point of the pennant area. The take-profit level (the green line at 132.667) is set to the pole's length subtracted from the stop-loss level. I will open this position only if the currency pair closes significantly below the pennant's lower border.

by AndriyMoraru

BTC short term update / 2 potential scenarios. Hi dear community, I'm looking at 4h timeframe. As you see BTC has broken bearish pennant with the target 12-12.5K/Pink scenario/. At the same time it formed descending triangle with triple bottom + RSI bull div. Most of people are waiting lower prices such as 12-14K even 8-10K like they were waiting 100K+ in 2021. I'm sure 17.5K was the real #BTC bottom like 65K was top in April 2021. All my previous analyses, history data and the best on chain data proves that. The recent dump is a bear trap

Bitcoin - Secret Invisible Pattern! This is a secret parallel channel that absolutely no one is talking about because it's visible only to experienced traders. Don't be a noob and buy at the 0.618 FIB + 1.618 FIB + channel bottom like a pro (if the price reaches this level)! Or open a leverage position on futures here. Bitcoin is the most hated asset in the world, and everybody spits on it. The funny thing is that while the dollar has been weak in recent weeks, bitcoin has been even weaker. As you can see, we have plenty of r

by UnknownUnicorn2537518

Didn't these 2 depictions look alike?Just exactly as I predicted in my last analysis Bitcoin just goes as expected. A bearish pennant formation on the way. Drop your thoughts on the comments section.

by cryptotalk_et

BTCUSDT | Wave Analysis | Mega Bull Flag Formation +80%Price action and chart pattern trading > A possible downtrend continuation for C-leg with the current bearish PENNANT pattern > The downtrend TP @ 1.618 extension zone at 13K USD price - same target with the previous bearish INVERTED CUP pattern > An upcoming mega bull flag formation with target reversal +80% upside @ 28K USD price. > Close short position once a divergence signal presented. Always trade with affordable risk and respect your stoploss!