- Operators have wholesale supply from $6,515 area. - Bulls trapped at downtrend "breakout" $7,870.35. - Bulls' SL at 7680 and below will trigger lower prices. - Operators will kill lowest SL at $7,400, trapping shorts. - Operators buy at panic prices. alone, having knocked out longs and shorts.
Counter Play:
- Target buy orders near $7,400 high volume panic area.
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H8 TD 9 Sell Setup:
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Hypothesis - Bull Trap #2:
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Trap #2 --> Parallel Channel
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Today, absorb the panic at the bottom of the channel.
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I posit that price will continue to the completion of a 9.
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m15 and m30 TD about to be 9s. Price is straddling Change of Polarity line. I suggest buy orders at the bottom of the channel at 7400.
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Targets:
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Assuming my bullish perspective is wrong, buy target is 6400 area.
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We keep making higher lows/highs within an upward channel. The previous two higher lows had a bullish reversal between Phi EMAs 17/34. Price is in this bullish reversal zone now. Watch for bullish price action.
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Buy bullish reversals between the bands. Prices have been making higher highs & lows in this upward channel. Now we will likely have a green price flip on H1 & H2 in one hour.
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I just went long BTCUSD.
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H2 Fisher buy signal.
Trade closed manually
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Daily closed Dark Cloud Cover. Horizontal resistance at $7,870.35