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TRAP

Caution: S&P Crash was a bear trap - Going to All Time HighsToday's 6% move down was not coincidence, it was setup as a bear trap to fuel the rest of the capital needed to reach all time highs. I am not a bull and I have been wanting us to test the March lows just as much as any other bear, but I'm also not blind to what the market is setting up. This is just my opinion and you should trade based on your own judgement. Look at the chart and see how perfectly today's price landed on the lifeline trend line at the bottom of the channel. The bulls ran out of room at the top of the channel, and had to move it all the way down to setup for the remaining move to all time highs. The perma-bears have started to capitulate because this correction rally seems fake and over extended (which it is) but bulls must keep bears interested. So today the bears got what they needed to stay in the game (hope of more carnage and corrections all the way down to March lows) and bulls got what they needed, space to make their final move to all time highs (rockets have been re-fueled and ready for take-off). Note: I believe the only thing to knock the market out of the channel is actual news (i.e. 2nd lock-down, civil unrest, election, war, etc.) and absent of that, the market will continue to all time highs. After that, I believe then we will retest March lows.
OANDA:SPX500USD
by XYZ-Trader-
7
A good one is commingAlright guys, as you can see btc forming a bearish flag after that fall, we are at the end of triangle and we have to wait and watch it for a break out, usually triangles needs 15 candle for confirmation to fall or rejection, but this one is a little different to me ... As you can see we rsi and macd are trying to show us an uptrend ! But ma's showing us a downtrend ! We have a big divergence between indicators and patterns here. We have dynamic support of ma 120 and ma 200, but ma 50 is acting like dynamic resistance for now. Btc formed a rectangle channel from yesterday and it likes to play there for now, I can say that we are safe for a few hours to do our TA ! If you see 4h chart you can see some candle stick patterns which shows uptrend. In this case, Im prefer to wait for a confirmation above or below the rectangle by low time frames. But if you ask me about high ones, I will tell you that a down trend is really possible to 8k area ... We had up trend for almost 2 month ... 3k to 10k Ta said that after a big trend we need a correction for 70% of it ... so I can see 8k and 6k of it ... I recommend to spot trades ... do not long for now ... it will go down for a big correction... My targets will be Above 9700 => 9950 Below 9400 => 9k If you liked it, please hit the like button, share and write your comments, thanks for reading. Take care, trade safe
BITMEX:BTCUSD.P
by AminHa4
gold dxy5.12.20 This video is the sequel to the previous video. In addition, I showed two ways to frame range boxes on the gold contract. I decided to give a closer look at the bear trap on the DXY and as I did this, I realized I had to look at a couple of time frames in order to add clarity. This was a bear trap on smaller time frame, but it is a retest of a breakout higher. It is what it is on different time frames, but it has value to do this in my opinion. As I was listening to the video before uploading, I took note of how bullish the whole pattern looks on the DXY on the daily chart... to the point that it looks likely that the price will move higher to an ABCD pattern... even though I am not a breakout buyer, and the market is still in arrange box which is the dominant behavior. If you don't understand this, I will come back and review it once we get a chance to see how the dollar plays out. The reason I bring this up is because of my conviction that higher time frames result in much more accurate assessment of the bullish or bearish nature of price action.
TVC:DXYEducation
by ScottBogatin
Bitcoin 1D - Break Upwards? Maybe Not...Seen from this angle it would appear the price of BTCUSD is currently stuck ranging between a high of $9200 and a low of way way down @ $8000! Don't take this the wrong way, we're as optimistic as the rest regarding the upcoming halving; but looking at this there would appear to be a clear range that (unless a big Breakout occurs) could drive the price all the way down to $8k. That's quite a big drop from where we currently are, and also where we want to be! Although, this could represent an excellent opportunity... ----------- Good Luck & Happy Trading -theCrypster
KRAKEN:BTCUSD
by theCrypster
Still bull trap!The FOMO has been done, as expected. It's still a rebounce of Oversold. Just a bigger bounce. The bull won't coming like this. 5000 btc still has a chance. Even lower. The underline has rebounced twice already, and I don't think the third time will hold. The bull always come after depression. Has anyone lost hope of bitcoin now? No! So stop dreaming, short the market. PS, the pump power decreased obviously, anything could happen this year. The unbelievable pump happened , the depression is not far away.
BITFINEX:BTCUSDShort
by Une_Anunaki
MAJOR BEAR TRAP BTC 7800 AREAThis is not financial advice I'm a part time trader and full time musician so honestly most of you will probably think why are you even on here. I love finance and have never fully understood it and don't imagine that I will. As vast dimensions of possibilities outgrow me. Thank you for the patience and time to look through this idea, it's pretty self explanatory if you have any critique at all please, give it to me straight. #BTCUSDT #BTCUSD #EternaljOsh all social media @joshjgomes Love you guys, be well in these times. Blessings
Short
by EternaljOsh
US100 - SHORT (bull trap?)Last week I took 2 selling trades on the 7770 mark and closed the most recent yesterday after market opening (openings are marked with arows). Price broke out that level and is finding resistance at ~7960. This comes after a rally and short sellers are opening positions at the 7960 level. In my opinion we are facing a continuation of a bull trap. Price will break and retest this level, followed by a massive move to the downside. Not a matter of if, but when, since we are facing a crisis. Quantitive easing, 0% interest rates, trillions in debt, index funds bubble, more and more virus cases and shutting down businesses. All this has impact on the market and I will be waiting for price action on the 8000 level to short. Not sure if the bull trap is ending, since we had a clear one that resulted in 400pips of sell off and after that we saw movement to the upside. Would like to know your opinions!
UShort
by dimelobato
BTCUSD Sell OpportunityBoth previous sell had been profitable but we might see another opportunity here, we dont want to speculate anything on any instruments whether going down n up. What we do is to react when opportunity present itself in front of us. If its uptrend, we tend to wait n find where the early sellers might comes in n for the sentiment ridiculously bullish where dumb money should comes in, then we wait for reaction n confirmation, of course its vice versa for downtrend. Most of technical patterns are focusing on prices itself, n yes it is important, some also talk lot on indicators without understanding their real functions, most of the times we would classified them as coincidental lagging indicators (they are still good though if u understand the mathematical side of them n use it accordingly to volitility n liquididty). But the most neglected one of technical aspect is the time, when the big boys are coming in n with algo is involved 24 hours/day, when are the crowd with dumb money are coming in. Even if crypto market is up for 24/7, the pattern of when the big boys normally coming in is still important because they are human being, they still need to take rest n work periodically n monitor the algo. There is always a pattern, even when we see no pattern, the 'no pattern' for us also can be a pattern for someone else. Disclaimer This is not investment advice. Trading entry need more research and real-time confirmation. *Please do comment n follow me for more educational contents. *For more inquiry, shoot us a message at our profile. Thank you for supporting us! All the best Traders!!, Zalraki
BITSTAMP:BTCUSDShort
by ZalrakiAPT
BTC Giant bull trapTo me 3 things are obvious: 1. The latest BTC spike is abnormal. It occurred for no apparent reason and coincided with bitfinex maintenance. 2. The spike came at a time when bulls are losing steam and someone could argue that it looks like a BIG FLASHING NEON SIGN urging them to re-enter the race. 3. Nothing defies nature's laws, and what goes up will come down. Conclusion: "What you don't know, won't hurt you, it'll kill you. Like if they tell you you're going to shower but they turn out not to be showers." and since it seems that I do not know a lot about the recent events I decide to stay out of the market until things start to make any sense.
COINBASE:BTCUSDLong
by fpunx
11
This is only for education purpose of UCAD before NFP 07 Feb 20As described above, im doing this analysis just for education purpose, and taught on possible market trap movement before NFP. I believe there will be many retail traders not realize it and taught that this maybe selling time because of false price action movements. actually my analysis clearly saw that daily candle already break the trendline structure. so now we will see whats gonna happen in the upcoming NFP tonight!
by Garudaforex
BitcoinCash will crashBitcoin Cash (BCH) experienced a serious mining anomaly today. The network failed to produce a single block in a five-hour period and it didn’t even cause a significant transaction backlog. ***Bitcoin Cash usage is still lagging, show the latest blockchain event, where miners were unable to discover a block for hours. The Bitcoin Cash network returned to regular block production as of 8:00 UTC on Thursday, with a five-hour gap in block production. The event happened after block 620025, and the next block number, 620026, took more than five hours to discover and propagate.*** Are this opportunity for miners to change the game ? To share Mining power to some other networK? Jes it is, if this block lag continue the price will fall down 100% Short I starts form 395-385 Short II starts from 375-370 LASTCHANCE starts from 355-345 Target price is 300-290 **STOP IT IF PRICE BRAKE 400** This is not financial advice this is just idea
KRAKEN:BCHUSDShort
by parwe
15