BOREARIS

Bitcoin (BTC/USD) Bear flag 1 hour

Bitcoin (BTC/USD) 1 hourConfirmed Oct 29, 21:00 UTC+8
BaseLowBounceConfirmedClosed81,714.4Invalid 80,500.7Confirm 79,938.4Target 1 79,585.8Target 79,233.3━ MA20 + Bollinger Bands ━ MA50 1 hour70503069.58━ RSI ━ 9MA051.56━ MACD ━ MACD Signal10/28 20:0010/29 01:0010/29 06:0010/29 11:0010/29 16:0010/29 21:00
BaseLowBounceConfirmedClosed81,714.4Invalid80,500.7Confirm79,938.4Target1 79,585.8Target79,233.3━ MA20 ━ MA5070503069.58━ RSI ━ 9MA051.56━ MACD ━ MACD Signal29 00:0029 10:0029 20:00

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

Bear flag: Invalidated

Target79,233.3
First target79,585.8
Confirmation79,938.4
Invalid at80,500.7
Move-0.80%

Timeframe1 hour
ConfirmedOct 29, 21:00
ClosedOct 29, 22:00
Duration2.0 h
Reward / risk1.25

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 29, 04:0081,725.0
Pole bottomOct 29, 10:0079,588.4
Bounce highOct 29, 13:0080,424.0
ConfirmationOct 29, 21:0079,938.4

Recently closed Bear flag patterns: 25 in total, 15 reached the target first (60%), 10 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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