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DeadSerious
Jul 10, 2018 1:41 AM

Ultimate Bull Trap 2.0 Short

Bitcoin / DollarBitfinex

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Bear trend is not over yet

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Above is just an idea in case we sideways longer to build bigger pattern. It might drop earlier too

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1) Artificial pump
2) No new buyers
3) Dump
4) Repeat



Thats how bull stakes are made

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Does it look familiar

the present


the past

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Triangle city

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Interesting... finally bulls showing strength



main pattern remains the same which is bigger, better bear flag

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it looks like a third elliot wave

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My primal bear flag was compromised so I think bulls will try to retest this downtrend (orange) trendline which then should tell us the further direction

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My thoughts short term

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similar price actions. Won't be surprised if they do it again. They repeat paterns all the time. Different timeframes, same story

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Above is just a possibility but I am not certain about breaking the downtrend yet. If something interesting comes to my mind I will share

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This bull formation might be a bearish crab

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Support should be around this green EMA. If it holds then it will be good signal for going up more

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Bulls are on fire but near heavy resistance now. MIght form another inv h&s

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Honestly, it might be epic bull trap too which for me is more likely but lets see

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Rising wedge on 4h bear div and 1h bear div and smaller timeframes too. Probably last bull charge before retrace

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Possible H&S setup

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Possible H&S setup

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4hr is bearish. Retrace to 7600 level possible

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Just for fun. It was too perfect not to draw it

Comments
gradysibert
Personally, I think we'll get to about 8500 then the ETF decision will dictate what happens next.
DeadSerious
@gradysibert, possible but for me, at some point it still has to touch the red bottom trendline before real bullrun
TreeTruffle
your analysis is too bullish
DeadSerious
@TreeTruffle, This one might be because of fractal I used. This one is my main scenario
TreeTruffle
@DeadSerious, THAT'S ON POINT!!!
VERY NICE
IONCHRONO
flip a coin.
raydar07
good assessment of this current market.
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