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BlackBirdTrading
Jan 13, 2023 6:42 AM

BTC ready for is a Trap Short

BITSTAMP:BTCUSD1W
Bitcoin / U.S. dollarBitstamp

Description

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Hello Birdies,

EPIC SHORT ALIGNING!!!

A exciting week this was. But stay cautious this is a bull trap in progress.

As you all know we trade what we see RIGHT!

So here is what we are seeing on our weekly chart.

  • The falling wedge going to work as a bull trap.
  • There is a huge trendline which was broke down and converted into resistance
  • The trendline starts in Jan 2021
  • Converted to resistance in Jun 2022
  • Retested as resistance in Aug 2022
  • Its going to test it again somewhere in Feb 2023
  • Work as a trap and boom


Don't beat the line after snake is gone. Trade what you see

Comment

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More points are visible on daily chart here you go for epic short

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This price pump is market Manipulation

twitter.com/ki_young_ju/status/1614075510518079488

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11 hours for a new weekly candle if below the GOD resistance the idea is validated.

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Bears are ready a bearish divergence created which will again push the price under 20,500 range means under resistance.

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I am seeing a Head and Shoulder on 12H

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BTC history first ever death cross on weekly? Nobody knows whats going to happen.


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DXY printing bullish divergence! Time for BTC to run down side.

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Time for pullback Guys!!

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Trend AnalysisChart PatternsblackbirdtradingBTCUSDBTCUSDTshortsetupTRAPbulltrap
Comments
markair77
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bears don't have much leftovers
BlackBirdTrading
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@markair77, Time will tell. Just for information this pump was a market manipulation. Someone bought 4bn longs in futures thats what caused this once he booked his profit you can calculate where will the price be.
Tolberti
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Definitely a great analysis, thanks for sharing your work!
BlackBirdTrading
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@Tolberti, The chart is not as gorgeous as yours but I am hoping it serve the purpose :)
ciba66
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Buy, now !!
BlackBirdTrading
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@ciba66, Its sell idea not buy
averkie_skila
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BlackBirdTrading
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@averkieskila, What is you want to say? I prefer trendlines which has seen both support and resistance we call them BlackBird Lines
averkie_skila
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@BlackBirdTrading, Just now this resistance has already started to work, the price is stopped.
BlackBirdTrading
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@averkieskila, Yes brother wait for retest around 21000-21300 and short it
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