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Bearishcontinuation

Bearish pennant forming on BTC. Could move lower.BTC/USD has been trading around 5400-5600 following that huge dip from 6300-5170ish. We are now consolidating in what I believe is a bearish continuation pattern in the form of a bearish pennant. I am seeing different variations of the same pattern (will post images below) and it looks like we could be seeing another retest of that 5100 area, if not lower to around 4400-4500. The measured move is about a $1000 drop (length of flag-pole) and that would put around $4500. However, on some different perspectives, some are showing a $300-500 flag-pole and that would lead to a drop around $5000-5200. Either way, I suspect we will see a retest of $5100 support area that previously held, and if we can hold that once more and form a double bottom, that might be an indication to open a long from that support level. I still think the lack of volume and liquidity is an issue, and it is why I am leaning bearish at this time until I have evidence to suggest I should switch to a bullish perspective. $5800-$6000 will be a titan of a resistance to break now (strong support now becomes strong resistance) and without buy-side volume showing up yet, I don't see any reason to be bullish at these levels until we see buyers show up. I have a short from 5550ish currently open and I'm looking at the upper 5100 range as target 1, and the 4500 range for target 2. If for some reason the price climbs to the upside, I will add more to my short position the closer it moves to the resistance zone around 5800-6000. --This is not financial advice. Always do your own research and come to your own conclusions before buying/investing, as investing in cryptocurrencies comes with high risk and high amounts of volatility.
COINBASE:BTCUSDShort
by Deftsuo
Bitcoin BTC / USD Diamond Bottom Bearish ContinuationI'm thinking that we fail to break the outlined resistance level and see a diamond bottom breakdown to the next level of support. The breakdown may feature a throwback to the area of market structure, which would be the ideal level to enter a short position. Bulkowski outlines that the Diamond Bottom performs at a rank of 1 out of 21 in breakdowns . (To be transparent: I'm not entirely sure where he's observing these statistics from. But regardless, in some capacity, it ranks highly as bearish continuation) thepatternsite.com
BITMEX:BTCUSD.PShort
by AzorAhai06
GBP/USD setting up for a short around 1.24000Technically, since the beginning of February, the GBP/USD has been in a bearish channel . Our trading plan favors a short in the area in which the price currently is. Momentum wise, on our higher time-frame (4H Chart) the 7 period RSI is slowly going into Overbought territory while on our trading time-frame (1H Chart) we have a 7 period RSI bearish divergence. There are numerous ways to engage in this short opportunity depending if one is an aggressive or a conservative trader. You can wait for additional price action confirmation such as break of previous structure and new structure lows on our trading time-frame. Trade-management wise, trail stops above break-even once the price reached the first liquidation zone. Optionally, you can liquidate your full position or you can liquidate only half of your position size and let the other half of your position run to final target. For the trade to be invalidated, we would either be stopped out or the price would break above the upward channel line, come back down to retest it and continue upwards resulting in stopping us out.
Short
by V4nsceaux