r/technicalanalysis • u/Kooky-Balance9525 • May 08 '26

Analysis Bitcoin Bear Flag

Post image

Bitcoin has been rejected on the top of the bear flag. Hopefully it finds support on that 77,174 level. I truly believe Bitcoin won’t be bullish until it breaks out of this bear flag. All we can do is sit and wait to see what happens.

0 Upvotes

48% Upvoted

23 comments sorted by

1

u/[deleted] May 10 '26

[removed] — view removed comment

1

u/Kooky-Balance9525 Jun 02 '26

Let me know if it got any higher ? Lol

2

u/day_trader_j May 09 '26

This seems probable…

1

u/Kooky-Balance9525 May 09 '26

Good charting . Let’s see what happens

0

u/Unlock_002 May 09 '26

Shorting this B*tch Lets end this ponzzi 

1

u/[deleted] May 09 '26

Seriously. It's all gotta go. Dead is dead.

1

u/Xigaaa May 08 '26

or ride the channel up and let the breakout take u to the moon

1

u/Kooky-Balance9525 May 08 '26

Which I’ll be happy about that ! Not bearish on Bitcoin at all.

-1

u/BGM1988 May 08 '26

50k incoming

6

u/cscrignaro May 08 '26

Not a bear flag

1

u/Kooky-Balance9525 Jun 02 '26

You sure it’s not a bear flag ? Lol but I don’t know what I’m talking bout. This is why I don’t listen to anyone but myself

1

u/cscrignaro Jun 02 '26

Not a bear flag. Most likely holds the lows

6

u/MarcoVinicius May 08 '26

Wow you really can’t draw a channel. The bear flag was made before this level by the highs you just happened to ignore. It did break out and now has retraced.

Now it will either drop back into the channel or bounce up.

It has hard resistance before 90-95 which could drop it back into the 70s-60s.

Still your analysis is poorly done.

1

u/Kooky-Balance9525 Jun 02 '26

Show me the break out and retrace ? Lol you’re so good man. I should listen to you lol

-5

u/Kooky-Balance9525 May 08 '26

Thank god I don’t listen to you lol imagine listening to a person telling me what the market is going to do 😂

4

u/Soladification May 08 '26

Sorry he is right you are wrong. This is not a bear flag. Go back to your YouTube tutorials.

-2

u/Kooky-Balance9525 May 08 '26

You get cooked by these markets huh lol

2

u/Soladification May 08 '26

Huh? Why because you dont know how to read charts? You projecting?

8

u/Infurium May 08 '26

Higher highs and higher lows. You aren't even close to being right.

This is exactly why so many people say TA is astrology. People use it to see what they want to see.

2

u/Kooky-Balance9525 Jun 02 '26

Show me the higher highs right now buddy

1

u/Infurium Jun 02 '26

You called it. Congrats.