ForexX Trap with VWAP indicating a small move up
The Spoof is critical to explain but I will at a later time.
I had to get something coded based on spoofing and the back testing has worked out so far. I’m preparing for the near future crash.
The two green triangles are BULL signals.
What made me create a 15 minute timeframe? I want you to see my blue VWAP, it’s made its way upwards.
Please do not take this idea serious: it’s only a true speculation with real facts, after all, it’s just a 15min chart.
This can reject since we’re expecting a minor downtrend but my BULL PLOTTER has reached below my current candle on a 1 hour timeframe means without a doubt an up move is expected.
Now, why hasn’t BITCOIN moved up? Because smart money is restraining it on a daily timeframe. There are 2 wicks as a two candle pattern which are almost even. This is a signal to keep the trend from moving upwards which usually ends up falling downwards but has maintained so far.
By 5pm pt, the restraining will be lifted.
I’m still calling it a short but might move up.
Comment
BITCOIN has enough power to move up the price up to 4k. It’s unclear if this is a whales plot Comment
Prepare for a BITCOIN sudden BULL RUN Comment
BITCOIN is in its worst smart money volume and would be dangerous to enter a trade with any ALTS. At any moment, we will know the true intentions of smart money.
Soon, the move will be a drop or a move up.
Comment
As mentioned yesterday, there is smart money buying weakness. No buying is recommended.
BITCOIN needs a minor correction and usually this happens but only after retail buys.
They will either move up or down the price. This all depends on factors.
Buying will only entice many.
Comment
1 HR reads pullback and a buy signal on a 15min.
Reason for a hold up and downtrend was because BITCOIN was spoofed and began at 6:30AM. seems to have ended.
This means entry should have been made at $59,725 and test resistance at $60,671 from a 1HR. I’d BOS is met then the next trap is at $61,761 on a 15 min timeframe.
Above said is true but smart money has not signaled the “GO GREEN LIGHT” until a threshold is met.
Comment
BITCOIN will be bullish this week. I will show how and why later on in a few hours. Comment
TRADERS: Smart money is behaving in this manner due to their spoofing. I compared the overall volume from now which I've noted and there is hardly any difference.
What does this mean?
BITCOIN will recover. Sometimes spoofing isn't done intentionally but to adjust the TA for more BULL RUN space from an overbought. This does not always apply.
We can use the stochastic RSI as an example from the daily timeframe. Heiken Ashi was at 100 overbought but volume was at 97% from days ago. To adjust for more bull uptrend, there must be a minor dip which doesn't always happen, this minor downtrend reduces the stoch numbers.
As of now,
HEIKEN ASHI reads 98.38
VOLUME reads 92.34
My second thought is this; for the daily to reset to 0, this would mean BITCOIN would have to drop to near about 57k, or smart money will play with the trend by moving it down and then moving it back up to start from 0.
It's unclear the true intentions, for this reason, we wait as new traders for entry.
To avoid all this noise, use a 1 WK TF and buy at the line level of 22 (not 20) as the BULL momentum has crossed from the stochastic RSI 22.
Comment
ADX and ATR show to go positive, hopefully by 5 pm pt. There is about 40 minutes to make the best recovery.
The most downtrend expected was to $58,623.
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