A better model for my idea. More detail in chart; DJIA piercing the top of triangle 5-09 does not constitute breakout; low volume, weak RSI. It's a bull trap. The downtrend is definite and clearly established now, with 4 lower highs over past 3 months and 3 retests of the support base of descending triangle. Bulls are weary and the bull run is ten years old....
Mentioned to my PM dealer i thought the gold chart looked like a massive bull trap and his eyes rolled back in his head like i had slapped his silly face. considering the competition gold is about to get from bitcoin (over the next 10 years) i wouldnt be surprised if more people dumped profits into sneaky silver. Just an idea. see how it plays out into the future!...
I still believe that there is big Bearish div on 1d timeframe from RSI and MACD like i post on 5 May. Now, i see potential bearish engulfing candle if we close the 1 day chart per utc below 9685 dollar. This candle is followed by hanging man and bulltrap, so this is could be the beginning of big correction as the bull fail break the 10k.
Hi, trading View, So far so good, my last chart is smooth as it has already two red candles signaling the volume loss, and where it is heading. But, the Moving Water just spotted a possible double top, before the big fall, and price could go up to 9.750, with this formation. For more information check the related charts below. Feel free to: comment, suggest...
Friends When I see the chart at 1 or 2 minutes, I examine the relationship between volume and price with a magnifying glass. What I observe is a predominance of bearish muscle strength over the bullish forces. I see it not only because of the red volumes bigger than the green ones (3 to 7 times more powerful), but I also see it because of the effort it takes for...
BTCUSD bull trap after long. The exchange rate is in front of a so-called "bull trap" (AB) wave structure. After this, the return to the 8821 level is ahead of a longer rise. The BC wave structure target price is 10688 levels.
Dear Friends :) I have the last couple of weeks, warned you again and again about extraordinary high manipulation in the Bitcoin-market (BTC/USD). I received earlier today a link on Twitter to a blog on Steemit, where a guy documents, how a group of whales are discussing, how to manipulate a market. I therefore decided to spent a lot of time to analyze the last...
As the title says, i expect another wave down to the downside and we will reevaluate. the C is a retracement to the 0.5 fib, with is also a big support we built on the way up. Keep an eye on volume as always.
Hello everyone, going to keep this idea short and simple. 1) Ascending wedge right near what appears to be a top resistance channel. (The Red Trend Line) 2) RSI way overbought. Bearish divergence appeared on the momentum indicator. 3) No good support up here that was tested twice with lots of volatility over the past several days. 4) Be careful, BTC is about to...
This is noooot goood. Russian doll MTF bull trap with mini-bear traps inside.. across the board in crypto, stock, & commodities!
BTC- short term. Storm ahead. Even though there is a big uptrend movement coming, there is a bear wave coming, before bulls take over. What is happening now is a bull trap. It means that price is going up, but actually tricking people for a big fall. Hold on. For more information check the related charts below. GOOD LUCK.
I felt uncomfortable when the candles move up and down in square wave in matter of minutes on H1 chart as if nobody is trading it. This movement shouldn't appear in a bullish market. Also, the volume for each daily candles are too low compare to panic selling during 2018-03-06 - 2018-03-17 and 2018-03-25 - 2018-04-01. The volume for each candle should be around...
None of dem trend lines fill the room. None of dem kicks go boom. None of these stocks can dance. Not a single one of dem stand a chance. All of dem divergences are a mess. I've seen it all before, I'm not impressed. I'm hedging my long from 2580 with a short in this price area, because too many stocks are at a risk of a trend change. Short entry: 2694 Target:...
Gann + Fibo shows the end of the trend. The same pattern happened in 2014 crash
We are at the very top of a growth cycle which is "NOT " Organic and being manipulated by HFT and Large Whales! This is not sustainable by the regular investors or traders. Investors/traders beware of the bull trap which I see! I will wait for the price correction and would rather be safe than sorry! PS. Their is too much TA garbage out there speculating in...
NU produced a classic trap pattern around the area that I was looking to. As far as how much it will come down is not quite so clear. Could be a lot. Could just be a 1-2-3 to the trend line and then more up. I wish I would have been able to pay more attention to it and posted the entry at the right time. Entry right at this moment not the greatest idea....
Hello everyone, In my analysis, I'm predicting that the ETH price will have a further downside, in fact I believe the market as a whole has more downside too. My analysis is as follows: 1) There is a large bearflag that has formed, and in being generous, I only set the bottom to 280 for now. 2) If you look closely, there are 2 previous large bearflags that have...
The consensus of the masses points to the crypto markets continuing to fall. I would say I am on the bear bandwagon myself. The consistency of volume just isn't there, and without volume there is no upward consistent momentum.