Bull trap around 11K, then 3K (not without additional dead cats), 3K in 2019, like in second half of 2019. Then Slowly up. Next ATH in BTC will be like in 2022-2023. and will be around 160K - 250K (not really sure about the ATH high exactly). Cheers. The Arrows timming is not correct, i think 3K will be achiaved somewhere in second half of 2019.
Can you figure out the differences in the three pinbars highlighted...bearing in mind that the shape, length, or colour of the pinbar does not matter in this case. Pinbars occur in the market as a result of two scenarios: 1) When institutional traders place large positions in order to reverse what we call a "trend" 2) When institutional traders take profit off...
We can see here on the 1 day chart that BTC has bounced with strong support up from the bottom trendline of the symmetrical triangle. Symmetrical triangles usually are more valid by candle bodies than candle wicks but just in case I have found the wick top and bottom trendlines as well. For now I m still long on this. Of course whatever you choose is your own...
need to wait on confirmation and bear volume surge to sell/short but very good probability we will see it. Bear trap also still a possibility to consider but lower probability.
My ideal still wake up, but we are getting more longs than shorts, a signal to a reverse market or a trap ?
See chart for summary. I don't think the market has topped here, but I do think there's an opportunity for short term shorts to nail a momentum move down AFTER a fail at the zone. I included the EMA's here because they provide a good visual tool...a pullback to the 25 EMA + zone + price action fail....that's essentially what I'm looking for. Ideally I'd like to...
The NQ is one of the trappiest contracts out there, so watch what happens at this level. It's worth zooming in to the 15m just to study the aftereffects in a few days. The longer it builds up near the High WITHOUT breaking it, the more I'll be biased long. If we probe it overnight, I'll be back to cautiously looking. Ideally I either want a naked attack in the...
Sure all of the world is noticing is the H & S pattern forming and today is already seems likely that the neckline has been violated and many traders would enter a SHORT position for this pair. However beware of the crucial support that lies just beneath the neckline of this pattern, the crucial 1.14500 level!. Many traders might just get caught out if the price...
Come on guys, Isn't this obvious? All top traders telling you to go long remember do exactly opposite of what they're telling you
Good morning all. Some people may have gotten excited about the large descending wedge on the daily. I personally ran an awesome short and here's why: 1) We formed an ascending wedge with four solid points of contact. 2) Volume continued to decline, even at breakout point. 3) The daily printed a shooting star candle at the point of breakout. This is a clear...
Updated chart to remove bearish channel, as we have broken out of that, but drew a new down trend line that we will have to cross out of, in order to start a new bull run. I still like buying in the gold area, if we can get there. As time marches on, we will eventually enter the green long term bullish channel which should eventually force a new rally, but it's...
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.
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.
As 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...
As we can see, suddenly price went down almost on $200 and now it seems like it's possible to break out the uptrend channel If so, the next strong support levels are ~8700 & 8450
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...
Hello 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...