Get started

TRAP

BTC on the daily - A clearer picture formingAs we take a break and some time to breathe after this relentless bear market, I would like to show some general levels to be on the watch for on the daily: The general trend line support (orange support line) is not a level I take too seriously. With every new low we get, a lot of people just move it down and down and down. I see it as a general level I watch for in order to set targets. However, IF we did indeed found bottom here at 7062 then the trend line support is indeed indicative of a good general support level. The general trend line support, together with the general trend line resistance (here in blue) show a general trend of BTC after its all time high. Bear market? Yes. But what I think is even more important than that, the movement seems to be forming lower highs and higher lows(In other words, a wedge). These lower highs and higher lows are converging towards a point of decision for BTC. If we will then breakout of the larger wedge, then we can see another larger bull run. If not, then long and boring ol' accumulation floor it is! The red bars are what I believe to be stronger resistance, possible future support, levels. Rght now, the large green dildo that blew us out of the 7k range is testing the first resistance level. If we reach near it, I will pay special attention to the 7750 range, as it is apparent confluence between the 0.23 FIB and resistance. As of right now, it is still too soon to see if this reversal is indeed a bounce of the current bottom, if it's a short squeeze or if we are in a bull trap. Based purely and solely on my instinct , as I am waiting for more data to come in, I think we will resume the downtrend to AT LEAST test the 6.9 range.
BITFINEX:BTCUSD
by CryptoPixel
2
Insecure BITCOIN-Bulls Finally Took The First Step- Awkwardness!Dear Friends! <3 Try to remember back when you were a teenager. Exactly - THAT awkward moment when you are with a girl (or a boy), and you are ready to go... And it's almost about to happen. But NOTHING is happening - something is holding back. The INSECURITY from both sides, just makes everything so awkward. She is expecting you to take the first step - you are the man, right? Awkwardness... But.. Finally you take that the fist step, and then.. It worked out well! It wasn't that hard after all, huh? So this is exactly what we have been witnessing with Bitcoin the last week. Nothing has really happened. I told you before about the zone of confluence support and resistance everywhere. We were caught in a small prison where we didn't have much space to maneuver around. The bears have been trapped again and again. First with 3 lower highs (descending triangle), then a clear head and shoulder pattern, which also predicted we would go down, and the whales just went in the other direction and liquidated the shorts. Yesterday I predicted another minor "trap". We were clearly in an ascending wedge and needed a smaller correction, but once again we saw how we immediately went in the other direction and up. AND FINALLY today - an hour ago - we are now here, were the brave bulls took the first step we all have been waiting for! They broke out from the prison and went through the strong resistance at 8,2k-8,4k, and we are now at 8,500 USD. That's the lesson. Forget about insecurity, guys! Confidence is everything! So far I still stick to my prediction from 2 days ago. We will go my yellow circle. But here it will be VERY interesting. Everything is pointing down from there, and we need some kind of retracement. But be aware of another bear trap, my friends! Whales could make another sick trap. Last but not least, as I also mentioned yesterday, there are so much uncertainty with Bitcoin at the moment, that I don't even trade it at the moment. I make a lot of money at altcoins - think about it! D4 Loves you <3 Please give me a BIG LIKE - It will make me happy - and once again, thank you for following me - I REALLY do appreciate it :)
BITFINEX:BTCUSD
by D4rkEnergY
211
Short Bitcoin this week till major supp at 6kHello guys, Short term traders, watch this, if a candle in elipse will close below that triangle line (up) you can short. It´s known as Iceberg Order (manipulation, traders who long it after pullback on triangle line and a bull candle got trapped, market will hit their stop losses soon, is in sight) nice Risk/Reward ratio. Others watch this levels this week, I want to see bitcoin in pump zone. Then we can Long, it is really nice long term opportunity. PS: If there will be panic, we can see bitcoin under 6k (5,5k max) then massive pump and bulls taking control over this market. Herac -give me your feedback guys, thanks -what do you thing about BTC nowdays?
BITFINEX:BTCUSDShort
by herac
Bitcoin Resonance Period and The 20k Pump Trapfirst im not experienced TA in trading but just looked from a technical mechanical curve theory Briefly i see that Bitcoin Never reached 20k in real and the right value nowadays about 10k-11k I Assumed that the area in red box is just a resonance period kindly google it (resonance curve) which caused buy a forcing pump to 20k USD let us assumed bitcoin just reached 5-6 k USD in 2017 smoothly and was correcting last two month uptrend and downtrend from 5 -6 - 7 - 9- then 6 then 7 - 8 - 9 -10 - 11 and now correcting to 8-7 last two months was just a period for btc to return to stability after that resonance so i think the curve in white and trend or channel in red is the stable and more real shape from now lets do the following and fly 1: cancel the red box area (RED BOX RESONANCE area) 2: follow the chart as it hasnt reach 20k usd before 3: the actual price nowadays is about 10-11K and is correcting for it and will down to 7k and come back to pass 11k and reach 12-13 ten corect....etc 4: targeting about 20k this coming is it more logic
Long
by selfanswer
Redd Coin (RDD) BUYER BEWARE!! DO NOT BUY!RDD/BTC You may have seen this in the past when the order and sell books fill up either side with large orders. If you enter into this coin you won't be able to sell out unless you lose 1 sat per coin you hold. The books have been loaded and you will be trapped this is on Bittrex. This is a warning to all traders check buy and sell books before you buy! Make sure to Follow Dollars and Senses as we are here to look out for you!
R
by DollarsAndSense
28
BTC in spike and channel formation: Pullback ahead?The end of the downtrend? Well, maybe not yet, but we see a spike and channel formation. How to trade this formation? The sharp drop from 11.000 to 9.900 is the spike on the 30m chart. At the end of this movement you could see a downtrend channel, but that channel was quickly broken when BTC made two nearly equal legs up to 10.500. This is not a place to go long, just the opposite! Prices were rejected by the EMA and quickly dropped to a new low around 9.800. We see typical price action in a strong downtrend, because it creates a trap at 10.500 for longs and one for shorts at 9.800. Now we can draw a broader range, which is a slightly downwards pointing channel. This was confirmed when prices bounced above the EMA. Now a lot of people would call this a double bottom or a head and shoulder reversal formation, looking to the upside when prices broke above 10.360. And this is were the next bull trap happened! What the trap looked like? After the break of the prior up move from 9.800 to 10.350 we got a pullback to the EMA and two small pushes up above the resistance at 10.350. Just to our upper range/channel line! By following price action rules you would have switched to range trading mode : Keep watching those upper areas and still look for shorts. The upper channel line was confirmed several more times after that, and two more short entries could be found at these key entry points. At the second entry the momentum to the downside picked up and prices went straight to the lower side of the channel and beyond. But why beyond? Think about equal legs: The first leg was the spike, the target for another down move is the equal length second leg. It has reached that target at 9250 to the tick ;) Markets like to create symmetric moves and second legs, second entries...good stuff :) So, what about that pullback from here? The downtrend has played out well, therefore i would expect a pullback from here to at least 9.700 (resistance). The broader channel could still be in play, because often there are fake breakout. If BTC moves back in the channel we might see 10k again.
BITFINEX:BTCUSDLong
by FBlocktrader
After Bull trap: Short term downtrend continuesThe perfect bull trap occurred in BTC: After several hours of sideways movement in a tight range of 150 points, BTC broke the short term downtrend channel, and pushed higher. This was followed by a pullback and another move up which just made a new high 11.970. At this point many traders might go long, since we had several "confirmations" of a new imminent upmove. But when it turns down right away and breaks strong support at 11700 the bull trap had forced many longs out of their positions, if they had stops below that support. How to trade the trap then? If you see the trap beginning, that would be the bearish candle from 11.970 below 11.900, you could go short below 11.900. What is happening now? New Short entry ahead? Bitcoin has made nearly two legs down inside the short term downtrend channel. If prices move up to 11.550, right back to the upper trendline, we might get another push down to 11.100.
BITFINEX:BTCUSDShort
by FBlocktrader
AUDJPY DANGER AHEADAUDJPY To open LONG positions for AUDJPY, it is required: In this situation our system indicators to confirm trade entry confirmation for movement to the upside but if the market continues to range then signal will become invalid. Market execution for entry, I will confirm signal once the conditions have been met. Trading method: RSADVANTAGE Stage 5, accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends suited for swing trading. This system is made of custom adaptive volume indicators and Oscillators that properly detect trends very early and provides exit signals at dynamic S/R zones once the trend has ended. // Average yearly pips gained is 40k per pair on D1 charts alone. I have provided a similar limited version of the system on Trading view to help traders visualize the strategy.
Long
by UnknownUnicorn1372988
XMR - Potential Massive Bear Trap! (LONG)XMR has been on a bull trend for almost a week now, but we've seemingly broken that bull trend. However, I personally believe that this will act as a pretty massive bear trap for panic-sellers as we're still well above the support of the new region we've broken into. NOTE: This is not financial or trading advice. Please take everything you see here with a grain of salt, and make informed decisions when deciding whether to commit yourself to a position or not.
BITFINEX:XMRUSDLong
by yeeyee2020
Trying to align with Haejin's thinkingSo, I was quite successful with my XRP newbie charting back then. From this another newbie chart, I try to see where's the exact wave v of the BTC correction. It seems that, tomorrow would be the time, based on the volume oscillation, and sine wave analysis of the RSI. Psychological: people expect bullish trend, but trapped into wave v correction as haejin predicted, BTC down to new low, but not as much as 8-10K, a bit around 11-12K again.. then people would go into panic sell, and whales take opportunity to propel new ATH. Again, take it with a grain of salt. This is very experimental.
BITSTAMP:BTCUSDShort
by korganos
4
Bitcoin is trapped between greed and disappointment.www.tradingview.com Hi guys, On the H4 chart we cn see two initiative candlesticks. The first one from the top marks the cancelation of SegWit 2x, the second one from the bottom - the price level meeting at the profile volume level, when many players came out defending their interest. Now we have to retest the upper profile volume to see if the news about SegWit's abolition was really that bad? If so, then after the retest in the area of 7200 we will go down. If not, we will update the highs. In any case - the nearest landmark is understandable. It's 7200 next week. P.S. This review was made yesterday, but couldn't be published due to some technical issues. It is still relevant today. It is yesterday's snapshot.
BITSTAMP:BTCUSD
by VadiqueMagenta
3
BTC Trap?I updated my last BTC analysis and recognized a possible shoulder - head - shoulder constellation (in german: Schulter - Kopf - Schulter). If, yes if, the price rises only to 5.900 or so and falls back to my triangle (see graphic). In that case it would be a negative sign and BTC could continue its decline as mentioned in my last post. Interesting also the time cycles. Every 7 days there is a distinctive change in the trend. And the next cycle begins just at the moment where I see the possible right shoulder. I drew the cycles in coordination with older events - not the current!
BITFINEX:BTCUSDShort
by Luettis
USDJPY - Bear trap long before more down?USDJPY came under some pressure on Friday. There may be more downside, but right now bears should beware. just below the swing low around 111.500 we have a spike base/demand zone. if we break below this level and demand is still there + shorts start taking some profits, we may get a nice pop higher. As always, will wait for price action after the break. A touch of the 200% extension and an hourly close back above the 111.500 area along with that area once again providing support will have me checking the 5min/1min charts for some long scalps before re-assessing. I like to look for situations that can potentially catch people out ( like Bear Traps/Bull traps ). When this happens, the flow can change quickly and nice, fast moves can happen. I like to assess hourly charts for key zones like this, and then trade the shorter time frames to exploit the flow.
Long
by sebastiaan7676