With this recent move, shorts have been squeezed out. The next target for BTC is around the 38K level. The market appears to be bullish again with a possible bull trap in motion.
- Expecting USDJPY to get rejected by top of the parallel channel and make a HH. - Regarding recent patterns that have appeared in many commodities such as crypto, stocks, futures and FX, being aware of a possible bull trap or a whipsaw is important. - Entering short at the top of the red channel or after re-entering blue trend line might be some good trading setups.
Price action and chart pattern trading setup > ABC Zigzag wave correction with a breakout at wave 4 downtrend channel > Target downtrend zone at Fibonacci 1.0 extension - 0.45 baht price > A possible upcoming bullish divergence for wave 5 with ending diagonal pattern > Wait for retest at the low position? always trade with affordable risk and respect your stoploss
based on current PA ,NIFTY bulls are unable to lift the index to 16824(1st wave low) retail investors are in long position but FII 's accumulated shorts, what next? pity bulls are trapped for slaughter this week
Price is not showing bullish strength. THERE IS NO CONTINUATION IN bullish momentum and price is facing massive rejections from top of range. Do remember, what does achieves MAX PAIN ? Longs are trapped and by using them market would go down. Longs want 37k or more but BTC is not even breaking 32k. Majority like myself were hoping after seeing couple of pump...
I had the markets in wave 1532C, but a few things happened late or not at all. In fact, this whole downturn in January was 2 months sooner than I had initially forecasting. Timing the market is hard, and I not perfect. Learning from my mistakes and asking what could have happened or where did I go wrong is what makes me better at all of this. I have missed three...
Is this the charge we have been waiting for? I personally see no real change in USA economic sentiment to warrant a reversal. I think it's more in play to revisit the wick down at 25000ish We had a VERY similar Bullish move during the bounces off 45k in December./January We all know how that ended up. My SPOT holdings i've loaded in the past week are happy...
The 2022 March low is a massive bull trap, signaled by trend breaks and a monthly RSI divergence. The setup here reminds me of 1987. Check out the Sqzme DIX index to see the balance of OTC transactions (Over-The-Counter trades, conducted by hedge funds, banks etc). DIX indicates a bull trap to a scale not seen in over 10 years. Heavy OTC buy-side initiation...
AMEX:SPY I thought that we broke the neckline nine May, I expected a retest of the neckline, but I did not expect a cross back above. But what caught my attention is that the rallies occur on light (under average) volume. Maybe this could indicate a bull trap. I can not wait for your response and vision on the current market. I wish you all the best This is no...
made a vid for a friend, thought I'd make public to get feedback (on the analysis, the vid's my first so take it easy! :) both amazon and the market as a whole are due for a leg lower but one that could occur in a stand-out fashion, befitting the historic significance of this moment from multiple perspectives.
BTC acting as expected. The current support line is very strong that stretches through 2021 June-July. The current corridor is formed in 30,000 to 35,000 with some up or downticks below. General sentiment stands to hold well- relief for markets. This comes due to many macro indicators and some chain-data suggestions. As with the previous TA, we should validate...
Based on historical movement, the peak could occur anywhere in the larger red box. The final targets are in the green boxes. The pending bottom should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated SELL on May 27, 2022 with a closing price of...
Determination. High chance to be a bull trap if bounce at 6.20% Trade safely.
As we've discussed in detail over our last few analysis episodes here on TradingView, Bitcoin did in fact look nice. All was strongly laid up for a big pump, but rather than graciously bouncing off the trampoline like an alpha, it slipped and broke its teeth and leg. Now, after the baby pool has reddened by blood, Bitcoin is back on the trampoline for a second...
Quick and simple one for today. Don't be fooled by this pseudo-recovery. Note increasing price on decreased volume? Better buy in ahead.
BTCUSDT Wyckoff's UpThrust. Institutionals in command (bulltrap)
BTCUSDT has made a retest to peak of the channel, local supply zone. Now we can see a potential double top. The target remains the same for a 2-D zigzag swing downward. This pattern will be confirmed if price action breaks the neckline in the 50% Fibonacci retracement level.
Bitcoin's correction has been swift, breaking down cleanly through $30k and finding support ~$27k. Strong rejection on 6hr chart at 20 EMA (approx $31k) Expecting some sideways action and retest of that support given the rapid connection of the crypto total market cap and broader economic headwinds. CPI (consumer inflation) remains extremely high, it fell...