Do not rush Bitcoin is still in the downtrend channel. There will be better times for long-term entry. In the daily time frame, the market trend may be positive for a few days. But keep in mind that the overall market trend is currently declining and Bitcoin and the market as a whole are trapped
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since ath we hadnt put a lower high yet and we are starting to print some bull sings in 12h and lower time frames. Im not saying low is in, open interest is too high and market still holding their long from higher spots. I think that if the bounce begings (because of shorts taking profits and nice level here)we can go to that area of confluence of POC, weekly,...
let's try to be the trap some traders on 1INCH, we could try to enter below the last two relative lows where lots of traders have their stops. In that spot we are facing also a pretty cool demand zone so I am expecting some serious reaction, the risk-reward 1:5 is nice and it's worth a try
This is a very classic setup on SQ. Buying off daily 200 on a double bottom. And in the last 3 bars it was a perfect breakout. Nice close today. Nice increasing volume on the long bearish dip in Oct 4th meaning people are trapped. Nice 1.4 risk/reward ratio. But the experienced trader inside me is yelling and saying I should buy the stop of this classic setup....
I was looking at this earlier as a potential double bottom with bullish divergence and was looking to take a position after the sessions opened but after a few hours of waiting and letting the trading of this asset go on during the sessions i have not seen anything that would signal immediate bullishness. I think that this "Double Bottom" Has potential to trap...
Price tried to break lower but got reversed & broke higher. This has trapped a bunch of seller. When they exit, it'll create a bullish trade idea. We can trade along!
Price has broken support turned resistence. However, it formed below the resistence a hammer candle. The current becoming candle is most-likely to fill the hammer's wick till friday this week. So we need to have a bit patience and maybe we need to adjust our SL so we don't get into a bull trap.
So this is the name of the game for short squeezes… I’ve been scoping SXTC 2 months ago and I noticed the massive short float percentage which was at 23% now the short float % is at 5% bc those shorts are getting covered it's only a matter of time for SNDL AND QS TO pop so hold patiently when your playing short squeezes A few key things to look for in this set...
BITBAY:BTCUSDT we are making HIGHER LOWS at the RSI chart and we are making LOWER LOWS at the price action. I am not the only one seeing this but something that you need to know... Why are we even ignoring this. Why are we focusing on complex TA than focusing on the obvious ones. Guys, I know its been a long tiem since I posted here, I have a youtube channel...
Trap and go. The pair is net short and soon or later some liquidation move is meant to happen. Trap shorts and reverse.
When i did my idea about the completion of an Elliott wave structure with 5th wave 1.61 Fibs of wave one i decided that i would buy small 2 SPY single Put contracts just satisfy my "bias" and my "emotion" toward my Elliott wave count as a worthy trading strategy. So i bought April 16 2021 + March 31 2021 just before the last price action we got in the past 5...
An ascending channel breakout trap, and a micro trendline trap along with an obvious resistance with stop losses above it lead me to believe GA is going much higher!
AUD is strong next weak so i am interested to selling this pair because of its take both side of liquidity and trap the trader of both buyer and seller..
according to sessional tendency February is bullish for the AUD. COT report and graph show the Commercial are silently increase their longs and close their short .. price action show the bullishness of Audusd because of high demand on institutional level (daily ob ).. best of luck check my previous analysis
Price gapped up, trapping sellers => LONG trade
See here I have made major support and resistance lines in a 1 hr Chart for Nifty. As you can see 14347 to 14443 (86 Points ) zone is a painful one. Markets can be very volatile in this range hence for this zone best will be to use an option hedging strategy, do not take a directional view in this range. Also, keep an eye on the support trendlines near closing i.e...