Observing how previous bubbles have popped, I don't think we're just quite done with the overall bearish trend of BTC yet. Taking into considering the movement and Fibo lines, I believe BTC has to reach the 5000 dollar mark before fully recovering. Going long right now and not having the patience to wait out the trap could mean losses.
Longs proceed with caution..
H1 Chart got a failure breakthrough bottom which was bought back very quickly. But the flag (bearflag) is still aktiv. So we have to take care with our next turns. Maybe a small position for breakout is possible. If u watch H4 the Bearflag is also forming... As you can see, we need the double volume for the green flag that for the red flag. thats not really bullish.
The course tried to recover. But now lost the volume after this candle. It looks like the next bulltrap will be formed.
On the Daily Chart it looks like the next Bearflag is forming. Possible that we will se 6300 Dollar and then leave the flag bottom. Second Scenario is that this is really the bottom, and we can grow from there. But i think we need to go down and come back with a big pullback to get the 6300 and then 6800. For this Bulltrap the Range would bring us to 5804 Dollar.
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.
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I am working really hard to help followers and other traders that are not followers yet, to at least not loose all their money, just like I have been doing since Dec 2017. But, Seems like people get it personal, like I am doing something against someone, that is investing Long on BTC. So, this guy comments right away: => "Garbage. Complete garbage. Should be...
=> CHARTS = (MEDIUM/LONG) TERM - Please Don't Be Confused => Takes (weeks/months) to Complete <= Hi, Followers and Friends, So, as we saw on the last chart, a pause and a correction just happened on BTC market. Now, It is probably time for Number # 3 - DROP TIME. When there is a Down Trend = Correction is Up. When there is a Up Trend = Correction is...
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Well guys here we are barely hanging on to support at 7200s, i personally have opened a small long position with a small 5x leverage on it. Reason is simple, the Trappers are out and about, 88-9k is my exit point.... best case we make a double top at 10k. Look for clues like "20k here we come" BE CAREFUL they are out and its hunting season
Most People did not believe it would happen, and still don't. While 99% of Trading View authors go with the Wind, changing their idea everyday, Moving Water stays on track, and now, Big Fall, first predicted on April 21, is ongoing. Spotted another bull trap, on May 18, to around $ 8400, and did go a little higher, to $ 8600, (my bad), but now price is about to...
We may have just hit bottom for the time being. Looks like a bounce spot once bulls feel comfortable. Strong support right below us, i have doubts we will break it on this run. If we do 7200 - 7150 area is the next support which happens to be fortified diamond titanium extract support
- Continuation of major Down Trend - Bearish Hidden Divergence - Low Volume - Bull Trap
Most People did not believe it would happen, and still don't. So, is BTCUSD really going down? Moving Water has 2 targets left to hit, as posted on related chart below. Thanks for Following and Trusting Moving Water If It is helping - Please Press: -- LIKE -- _______________________________________________________________________________________ STOP...
Welcome, Followers and Visitors, It is good to highlight: Why 90 % of Trading View are now posting Bearish Charts on BTCUSD ? www.tradingview.com On Feb 3rd, April 21,27, 28, and May 3rd, when the Moving Water spotted a BIG FALL, and a BULL TRAP, before that, while 99% of Trading View's Charts for BTCUSD were Bullish. Well, it is not easy to put your...
one of the two scenarios, i really dont want to see. actually neither, to be honest, but it looks like its gonna drop to around 7500 before we see higher highs again.
Hi, Followers and Visitors, Welcome. First of all, thank you for trusting: 3rd TARGET HIT ! Is it possible to spot a Bull Trap, then a Big Fall on BTCUSD , 6 days before Bad News comes and becomes Viral ? The Moving Water - A New Trading Perspective, actually, did spot it, because it does not wait for bad news to spot a fall. Doesn't trust on bad news or...