BOREARIS

Bitcoin (BTC/USD) Bear flag 1 hour

Bitcoin (BTC/USD) 1 hourConfirmed Oct 23, 16:00 UTC+8
BaseLowBounceConfirmedClosedInvalid 82,071.2Confirm 81,526.8Target 1 80,960.3Target 80,393.880,174.3━ MA20 + Bollinger Bands ━ MA50 1 hour70503039.25━ RSI ━ 9MA0-334.16━ MACD ━ MACD Signal10/21 18:0010/22 10:0010/23 02:0010/23 18:0010/24 10:00
BaseLowBounceConfirmedClosedInvalid82,071.2Confirm81,526.8Target1 80,960.3Target80,393.880,174.3━ MA20 ━ MA5070503039.25━ RSI ━ 9MA0-334.16━ MACD ━ MACD Signal22 14:0023 14:0024 14:00

Gold line = the pattern's swing points; gold box = the confirmation candle; coloured lines = target and invalidation; blue = confirmation price.

Bear flag: Target hit

Target80,393.8
First target80,960.3
Confirmation81,526.8
Invalid at82,071.2
Move+0.94%

Timeframe1 hour
ConfirmedOct 23, 16:00
ClosedOct 24, 22:00
Duration31.0 h
Reward / risk2.08

What this tells you

A sharp drop followed by a small bounce; a break below the consolidation usually means the downtrend resumes.

Check it on the live chart

← All chart patterns · Other patterns for this market · Key levels and research for this market · How to read patterns

Swing points

PointTime UTC+8Price
Pole baseOct 22, 09:0084,314.3
Pole bottomOct 23, 00:0080,880.9
Bounce highOct 23, 11:0081,992.7
ConfirmationOct 23, 16:0081,526.8

Recently closed Bear flag patterns: 25 in total, 17 reached the target first (68%), 8 were invalidated and 0 expired. Results by pattern →

Chart patterns are technical reference points, not trade recommendations. Past results do not guarantee future outcomes; trading involves risk.

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