Im seeing a lot of signs for a Mini acumulation zone of BTC, this analysis comes with a trade im doing. Right now the price can be doing 2 things:
1. 20% chance BEARISH > UTAD( Upthrust After Distribution) Test.
2. 80% chance SHORT TERM BULLISH > Start of Phase D, This can be a START of a Tendencial Move to the upper zone of the bigger range...
This is how I believe the market will play out. I think that we have reached the peak of the bull trap and that soon there will be a lot of fear entering the market. Until Q1/Q2 2022 where we will see a large adoption phase of Blockchain technology.
We have a Bearish Shark visible on the Weekly with Bearish Divergence and a Huge Spike in Weekly Volume after an extreme upside Breakout. I never heard of this stock before and i hardly know what they do but just looking at it tells me that there are a lot of bulls betting for more upside up here and that any amount of selling below the breakout zone can easily...
LOST IT ALL FOR GOOD NOW GOT LIQUIDATED OF MY LAST CAPITAL😌
IF this helps you out pls consider a donation Im sorry I just don't know what to do at this point.
Put the last of it into DENT 0.0058 entry got liquidated at 0.0043 bottomed out at 0.00395 on futures. Didnt anticipate BTC dropping below 46K and now I've got no capital and dont know what to tell my mum....
21W Ema has always been a good support for price ranging into bull market,
Every time price went went below this, closing 5 candles underneath it a pump to the upside has been seen which follows more than 60% correction ;)
Greeting from IRAN to whole trading community
What Is a Bull Trap?
A bull trap is a false signal, referring to a declining trend in a stock, index, or other security that reverses after a convincing rally and breaks a prior support level. The move "traps" traders or investors that acted on the buy signal and generates losses on resulting long positions.
so we previously had the top in @52533 k so wernt far off, im still looking at this playing out as a smaller fractal of the run up to all time high, and have mapped these points to watch for the next move down wards trade safe and look out for the right shoulder to complete
COINBASE:BTCUSD has been ranging the last two weeks. Now it's moving beyond 50k, long awaited by many.
But it might still leave the range to the wrong side at the end of the day (week, maybe).
Never (at least in the last year) Bitty left a range like this with less than 10k daily volume (measured at KRAKEN:XBTUSD). At the time of writing we're gone past...
I was looking at this earlier as a potential double bottom with bullish divergence and was looking to take a position after the sessions opened but after a few hours of waiting and letting the trading of this asset go on during the sessions i have not seen anything that would signal immediate bullishness.
I think that this "Double Bottom" Has potential to trap...
the third shoulder and resistance from oscillators and drop ;)
40-38k is what i'm expecting, a pump or bounce might be there at 38k to 57k but thats a possibility for it to complete the bearish gartley pattern ;)
accept Reality, we aren't bullish at this point, nor will we be, if u wanna follow, do so, if u don't, just don't fall into the trap of moons and stars ;)
SL at 60k,
will ladder till 53k if it does deviation,
Tps given, i'll be personally holding this and will take profits at 26k ;)
In part 5 I noted how I thought it was suspicious how retail heavy stocks were all suddenly trending up but to drive that point home look at FCEL, SOFI, NNDM, IDEX 15m time mark and you'll see a upward trend begin after august 20 (last Friday). Super Sus imo.
On to the matters at hand, as found in an article from investor place, "High valuations and a relative...