EURUSD Trapped Inverted TeaCup
Good day risk takers, As we can see from the left of the daily chart for GOLD the yellow metal moves in a somewhat predictable fashion in that every time before a big move happens like anything beyond 200 pips there is that one candle stick at the beginning of that big move. I made boxes to show how this happens, the characteristics of the candle are that their...
Here's a scenario I can see unfolding in the next couple of weeks/months on BTC. Basically ranging but clear bull bias to the upside. With a liquidity play on LONG bias traders in the 2 red boxes. Ultimately I think from the lower level it will recover quickly but is the last shake retail weak traders out who went long in those red box ranges. If this unfolds...
Looking at the daily timeframe BTC has touched the lower wedge for the second time, we might bounce again. If not, possible manipulated BEAR traps ahead in order to shake off weak hands. (This is not financial advice, this is a volatile market where anything can happen).
Well guys here we are barely hanging on to support at 7200s, i personally have opened a small long position with a small 5x leverage on it. Reason is simple, the Trappers are out and about, 88-9k is my exit point.... best case we make a double top at 10k. Look for clues like "20k here we come" BE CAREFUL they are out and its hunting season
These trades can seem risky but they are the kind that shoot.
"A choppy market is bad, can't make money in this erratic sideways movements..." I often read these statements, but is it true? Not if you can trade a 800 point range in Bitcoin and make money from the swings intraday. The key to trading with price action in a range is to buy low and sell high. Of course that sounds trivial, but it is not, because the market...
When BTC broke free above 8000 again a few days ago and continued to storm up, a lot of people might have looked to 9000 and thought it would reach that level in a matter of hours. But not so fast...the market had some tricks up its sleeve to scare you out of your long position or to make you believe we are going back to 6000 again. How to avoid getting tricked...
Do you sometimes get pushed out of a profitable position? Do you see the market coming back to your breakeven stop, only to then continue going in "your" direction? The market is doing this constantly, so be aware of this. I will show you two areas where this has happened yesterday. Traders often do get no "free lunch", which means a riskless profit. After...
What can the market do to trap people to the wrong side and then go where you thought it would be going? This scenario is pure speculation, but a way it could play out, if you are looking for a retest of the low (10.000). Whatever happens, always pay attention to the short-term trends (inside ranges)!