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Has Ethereum set a Bull Trap for us ❗️❓🗑🦇Today I have prepared for you different Ethereum scenarios for the coming days.🔜 Let's start with trading volume. If you look closely at my Ethereum chart, you will see that the heavy support zone currently on the chart, called the heavy resistance zone has been broken by long-bodied, red, high-volume candles. But in this one month when Ethereum has seen an upward trend, a significant volume is not visible in the chart; although Ethereum was able to break the heavy resistance zone, but is it possible that Ethereum has made a trap(bull trap) for us or not❗️❓ Stay with me in the rest of this post to answer the above question.😊 As you can see in the Ethereum chart, Ethereum is moving after breaking the heavy resistance zone and important downtrend line and SMA200 in PRZ(Price Reversal Zone), so it seems that the D point of bearish 🦇bat🦇 harmonic pattern is formed in PRZ and TRZ(Time Reversal Zone). Also, w can see the end of movement in the StochRSI indicator.👇 Therefore, I expect Ethereum to at least return to the heavy resistance zone and the important downtrend line and SMA200. And since Ethereum has not seen a certain volume in this one month, the possibility that Ethereum has set a trap for us (bull trap) is very high (most of the tokens are active on the Ethereum network, so take care of your portfolio in the coming days). Ethereum Analyze ( ETHUSDT ) Daily Timeframe ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
2
BTCUSD: Bearish Bat Looking to retrace back to $18448.51Bitcoin looks ready to begin creating the Potential Right Shoulder of this Potential Inverse Head and Shoulders as it is at the level of what would have to be the neckline while overbought and within the 0.886-1.13 PCZ of this Bearish Alternate Bat it's traded within. If this Inverted Head and Shoulders plays out, the Alternate Bat will underperform and not give us the full 100% Retrace backdown to 15.3k; but if not the price will go much lower and perhaps even lower than 15k so i will be managing risks from here. For the time being i will be taking a third of my profits off and buying a monthly strangle along with a seperate weekly slightly OTM put as a way to secure my position on price action at a lower risk.
COINBASE:BTCUSD
by RizeSenpai
3
✳️ Basic Attention Token Activates Long-Term Support (100-300%)Basic Attention Token (BATBTC) is now activating a long-term support level which can lead to a massive bullish wave. When this level was conquered back in January 2021, a bullish wave followed. In October 2021 BATBTC bounced before reaching the long-term support producing another bullish wave. In June 2022 the same support level became relevant again... BATBTC produced another bullish wave before hitting this level. Now, in Dec. 2022, BATBTC tested this long-term support once more and is going green for the first two week of 2023. As this long-term support comes into play again, the possibility is HIGH for another bullish wave. Hundreds of percentage points of growth possible in the weeks and months ahead. Note: Growth potential is always much, much higher if we look into the long-term based on multiple years. 2024 We will have massive growth and the next bull-run can happen late in this year or in 2025. Namaste.
Long
by MasterAnanda
Bitcoin Harmonic Reversal ZonesJust a quick post to share ideas for potential reversal zones on bitcoin. Chart: Bat and crab patterns are visible. The crab is not quite as strong as the bat. I think we'll see some more volatility corrective moves (liquidate the shorts, and some longs) after this strong impulsive move. Subdividing this impulsive move into waves is a little murky, but I think a the steepest move is the completion of a W3 and W4 will likely retest this trendline break. Trade thoughts: Sit tight and wait for the upward volatility to resolve into a more directional uncertainty before shorting. Longs still have an advantage (if added on pullbacks), but overall, oscillators are overbought. Optimal short entries would be a higher high on the charts, near a reversal zone, with a lower high on the RSI - wait for the clarity of that divergence before betting short. Ideally DXY will show some upward strength as well.
COINBASE:BTCUSDLong
by wildhood
Bitcoin Analyze (What will happen❗️❓)Let's see today if Bitcoin has started an upward trend or if this price increase that we saw in the past days was just a bear trap or the work of price changes by 🐋whales🐋 and exchanges. 🔆First of all, I think you should carefully read my previous posts that I put on the chart to have a better understanding of today's post and analysis (Although I tried to cover each of them briefly). Today's Bitcoin analysis is on a daily time frame. Since in the weekly chart, the heavy resistance zone, which was before the break of the heavy support zone, was broken by a weekly red candle with a long body and high volume (It is interesting to note that the candle of the first week of November 2022 has the large volume of all weekly candles ever created, so the breakout made by this candle is not expected to be fake).👇 Another point that we can get from the analysis of Bitcoin in the weekly time frame is that Bitcoin has been moving in an Ascending Channel since July 2017, so there is still nothing to worry about, and there is a possibility of Bitcoin growth ( Bitcoin has reacted well to all ascending channel lines).👇 🔁Now let's go back to the analysis of Bitcoin in the daily time frame and today's chart.🔁 Bitcoin is attacking the PRZ(Price Reversal Zone) for the third time, and this time, in addition to attacking the PRZ, Bitcoin is also trending towards the important downtrend line, and it is also forming a bearish ALT 🦇Bat🦇 harmonic pattern near this downtrend line.👇(Bitcoin reacted well to the PRZ last time) Since we have not seen significant volume in this bullish rally and also EMA 100 (Daily TF) as a dynamic resistance has worked well on the Bitcoin chart in the past, and now Bitcoin has hit the EMA 100 (Daily TF) again, so I expect Bitcoin After hitting the important downtrend line and forming the bearish ALT 🦇Bat🦇 harmonic pattern, it will fall again at least until the support lines. To better understand the resistance and support zones of Bitcoin in lower time frames, I also shared with you the chart of Bitcoin in the 4-hour time frame.👇 ❗️Note❗️: if Bitcoin goes up over $19800, Bitcoin can 🚀pump🚀 at least to $25000. Bitcoin Analyze ( BTCUSDT ), Daily Timeframe ⏰. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
10