So, it looks like the big pump we had that was caused by a short squeeze and strong resistance levels is seeing some resistance here. Many traders are calling for levels as high as 4500, 5100, and even 6k. It appeared to me before that we had a bull flag with a big bear trap, but then this even bigger BULL trap came along and I'm left not knowing what to think. If...
Hi guys! Welcome to a brand new and exciting ETH analysis! Last time, we made some amazing profits and got some pretty good insight into the price action happening in those crazy moves upwards yesterday as it climbed 13%. I hope you can join me in this adventure of charting once again and look towards the $184 target for January. Have a look at this sprawl of...
As we make the "Three Drives Pattern", the bear shorts will come in even heavier - one final time We have an obvious ascending channel and we need to follow the trend. Weekends are typically higher probability for bull runs. Stocks are climbing Fundamental Analysis: Retails investors don't want to miss out on "the bottom", even though this is not the...
If you want to play with the big dogs, you have to bark like one. Everyone is waiting for lower prices. When the retail traders see the discounts slipping away, they will quickly start piling on the market buy orders. Our trend will then create the feel of a false downward breakout of the large yearly descending triangle (in green), and create the illusion of a...
We could actually have had our last leg down of the bear trend on the 11 of October; From January till now, the massive sellers appears to have gradually lost control, the size and time frame of the massive legs down became less and less strong; Bitcoin tried to form a bottom; The last leg down from October was very quickly bought and a short squeeze...
Been very busy and its been a while since I posted. Apologies for that and thanks to all of you who keep up the good work. In two minds here, which is a typical predicament with trading. The 15th October spike that popped through the top of the long term triangle has been seen by some as a bear flag, and I can see their point, but for me there is more...
BTC has finally come to a point where the wedge it's been in for months has run out and the price is forced to break out of it very soon. I see a number of support levels all the way down to 5000 and where it's going to stop is anybody's guess, short term it does seem to look bearish, but I suspect there is a possibility for it being a bear trap. I believe...
Gold is going to retest 1187, gold is forming a triangle in 15 minute chart as wave 4 of an ending diagonal, please adjust your trade accordingly. After gold has completed the last leg of the ending diagonal (Wave Y at higher degree )of a higher degree combination correction, the price will jump up , be ware of tomorrow's bear trap, but don't be in rush to take...
EURUSD demonstrated a sharp movement higher after touching the 50% retracement of its first setup bull leg. It is reasonable to be taking profit around the 61.80% area if one's short or having limit buy orders if one's looking for a pullback trend continuation play. At this point, we've had a measured move lower, some call it a bear trap, and a sharp reversal...
Nice 4h candle reminding be on inverse- marge some days ago. If repeating, fitting pretty good that triangle.
The move down did not have enough volume to break the 100dma. This uptrend is yet to test the upper resistance from the top of the triangle or from the 200dma.
Reached 2903.77; precalled 2903.5 the night prior. Pretty snug fit- right at trendline. Expect some pullback to fill the gap up from 2875 and possibly to lower S1 support at 2862. I would be be cautious for Bear Traps, don't get caught in the pivots! Good luck- This is not investment advice it's purely an educational post, enjoy!
As we see, the first target has reached, 38% fib (just a shadow, but hit). Now... Btc could hit again 38% fib and test it a little dip than before. But.... By Rsi divergence, on 30 minutes chart, btc should be at least 7780,00, what means: 1 - An trap is going on. 2- If people believe on that fall with great volume, it could break that RSI divergence and really...
A few pips to the north and then hopefully further.
Hello once more, Here is a possible outcome for the short/medium term. It took months to get to this point, where the triangle has a break-out. It seems to me that the downward breakout is a bear-trap and we might just be looking at an inverse Head and Shoulder - following with some upward movement. I am a beginner, so this is not financial advice. I would...
at least we know we are closer to the bottom than high :P. seriously if you want to just buy and hold, do it. it can drop to what ever lvls it wants but the pump will be so fast you would probably miss these lvls. i would though recommend not to margin trade it at these prices. if you are short or long this trap is for all.
Hello my friends :) You have a chance to quit the market before another bear trap !!! You have to know that if the market passes a support line after a long time, it becomes a very strong resistance line.
Bears want us to not break out of this down trend channel. They put up huge sell walls, but seems like Bulls are buying into them. It is a true battle right now, pretty exciting. I have a feeling we may get a nice little break out here, but it could be a bull trap.... followed by a Bear trap? Whatttt , the mind games