Beartrap
SBER - bearish trap is still an optionI published that idea before all the market went awry, I was lucky to participate in the sharp decline. But know I see the initial coverage is still valid. All the move down can be considered as bearish trap and I will go long if I see the paper snaps back into the wedge to break higher.
Resume Bullrun 🐂 Historic Support 🟢 TP1 ✅ Go for TP2 🤔Resume Bullrun 🐂 Historic Support 🟢 TP1 ✅ Go for TP2 🤔
"History never repeats and always rhymes."
- A TradingView trader whose name I forgot
It's an extension of my previous idea.
I hold my opinion on everything there and add a new viewpoint with this idea.
◀️ KEY POINTS:
- Opportunity To Break All Bearish Channels At Once & Resume Bullrun (= Open New Bullish Channel)
- Bears Are Vulnerable
-- Saturday Bear Trap Was Successful
-- Bears Are Tired: Multiple Bullish Divergences On RSI
- Bulls Are Powerful
-- Bulls Are Still Energetic: Higher Highs on RSI
-- Historic Invincible Support Hit
-- Smart Money Bought The Dip
-- Psychologically Tempting Target: $40k
-- Funding Rate Favors Longs
-- Excellent RRR: 400%
-- Every Time In History When BTC Hit This Support Then Hit $40k Within A Week
-- Next Week Will Be Green
--- Starts From Today
🌌 OUR SIDE:
POSITION: Long
LEVERAGE: x10
ENTRY: $32 000
STOP LOSS: Daily close below $29 900 and staying there for six hours
TARGET: $40 000
$33 000 - $34 000 TP1 ✅
We Hold Our Position & Go For TP2: $40 000 - $42 000
How to use "Auto Trendline and Breakout Alert" IndicatorIn this tutorial, we will learn how to use the "Auto Trendline & Breakout Alert (Linear / Log)" indicator.
Note: You can find it in the scripts section of my profile
Auto Trendline & Breakout Alert(Linear / Log) Full-Version by BobRivera990
Overall Introduction
This indicator is the best tool for breakout traders.
Drawing and evaluating the trend lines of multiple charts in different time frames is a very time-consuming and tedious task. In addition, being aware of breakouts in the shortest possible time requires constant monitoring.
With this tool, you can draw and classify trend lines in a fraction of a second and by placing an alert on any chart, you can receive notifications about breakouts, wherever you are.
The classification of trend lines is done based on the reaction of the price chart to the trend lines and the analysis of the trading volume .
This indicator is designed to reclassify trend lines with each reaction of the price chart. These lines are classified into 6 levels and these levels are distinguished by different colors. Thus, any touching or crossing of the price chart can make a difference.
Features
This indicator is designed for use on both linear and logarithmic scales. It works linearly by default. If you are using a logarithmic chart, enter the settings menu and set the chart scale parameter to “Log”.
The indicator is equipped with the volume status tool to identify and avoid false breakouts. Note that you can't completely avoid false breakouts, but you can minimize risk and loss. I have already published volume status as a separate script.
Several filters are provided to customize alerts. You can limit alerts based on the level and strength of broken trend lines , volume status, and type of breakout (Cross-Over, Cross-Under, or both).
The last breakouts panel gives an overview of the current market situation. You can activate it in the settings menu. the figure below shows the panel:
How to setup
There are many parameters in the settings menu, but two are more important. One is “Chart Scale” and the other is the “Max Operational Range Length".
Set the “chart scale” parameter according to the chart, otherwise the trend lines drawn by the indicator do not match the price chart.
If you are using a linear chart, select the "Linear" option or if you are using a logarithmic chart, select the "Log" option.
Max Operational Range Length Limits the range of the price chart that is processed by the indicator.
By increasing this parameter:
The strength and durability of the trend lines increases.
The number of breakout signals decreases.
The importance of breakout signals increases.
The indicator processing load increases.
The best range for "Max Operational Range" is from 300 to 1200,Change it until you get the best view possible.
Also by changing the "Filter" parameter from 1X to 5X, you can reduce the clutter in the chart.
The following figure shows the results of correct and incorrect settings:
Use it well...
BZRX/USDT. The wave is coming up. Lets find your entryI saw 2 great signals for a bullish cycle of BZX protocol (BZRX/USDT) and BELLA protocol (BEL/USDT).
- RSI breakout signal bearish trend and Filbo timezone on both coins.
- If the price to $0.1 is the bottom of the previous accumulation, everyone will buy a lot so I think it's impossible. We can buy at 0.17 - 0.19 which is great.
- You can see my circles in the fibo are accurate to more than 90%, so for the number 5, please circle it yourself!
- BTC weekly candlestick RSI will also break this decline if current prices hold.
-The last drop below 30k was a beautiful bearrap
- Other coins are also showing positive signs as good news has hit the market
- I don't think BTC will go to $25k or $20k because then this game won't be difficult anymore, the big hands can't buy it at that level so they have accumulated a lot of BTC in the $30k area
- Fear & Greed index score from 10 last week and this week is 32, showing that a lot of people are no longer afraid but are turning to greed, this is a great thing to create 1 long growth wave.
Note: You can see more Fibo of BEL/USDT in my profile.
Anything that doesn't make sense, please give me a comment. Please motivate me to develop myself and help someone needed.
Don't forget click like, it's a hug for me. Thank you!
Stop Loss HuntingInstitutional investors have a profound impact on financial instruments prices because of their large volume trading activities. They can greatly impact the price of financial instruments, however making a material impact and hence decreasing liquidity to the point where there may be no one to take the other side of the trade is not something they desire. To fill their large in size orders with better price levels, Institutional investors need liquidity, they cannot just enter a trade at once, but they split trades over time and slowly have to build a position by hunting for liquidity. One of their strategic approach and the best way to get liquidity without making a material impact of the price and get filled in better price levels is Stop Loss Hunting .
A stop-loss order is an order placed to buy or sell a financial instrument when it reaches a certain price with the aim to limit loss on a position or protect profits.
Where do we usually place our stop orders? For a long trade example, usually we set them just below a support level, a trend line, a longer-term moving average, previous day low or a specific ATR percentage etc, which are highly predictable.
Institutional investors simply need to trigger stop loss orders of thousand of traders and since a key level is borken new traders joins by entering positions, making them take trades in the wrong direction, which as a result creates a huge supply with enough liquidity to absorb Institutional investor's demand with better prices
Some examples
Stop Loss houting can be observed frequently
Short Squeeze?So, today's price action was amazing. Here are my take aways:
1- Price fell 7.37% ($2.300) below the trading range. It seems a bit much considering the tiny upthrust. = Bearish
2- Price fell below preliminary support and made a new low = Bearish
3- Monthly support was breached = Bearish
4- Volume is dropping while price increase (divergence) = Bearish
5- RSI divergence = Bearish
This doesn't look like a strong bounce to me. Not buying in.
Bear trap on nasdaq. something to look out for in the mornings.this is a setup that people are taught as a place where price has a tendency to reverse. I can't really explain the rhyme or reason behind it. I think it is because price is coming back into the area where institutions were trading from the previous day. Those same big fish type traders might be interested in that price again.
Nice Bear Trap - Part IIToday another perfect example of a bear trap:
In the media/ social media: the focus is on inflation. Then a higher than expected inflation came in. But instead of equities coming down we see a rally with more than 200 points in the NAS.
What they didn't say: Inflation only matters if centrals banks would care about inflation. But they simply can't, it is still to fragile and they have to go on and pump more liquidity in the market. And this is exactly what ECB decided today. To move on and... even to accelerate purchases.
Take care guys...
TSLA6.10.21 TSLA: This is an overview BUT! I want you to look at what I thing was a Bear Trap. This may not be an official name for it...but if you follow the thinking, many people will see the logic: there is NO DOUBT that the smart money will set up patters that attract unsuspecting retail traders into making the wrong decision. I think this is one of those times...and this is what it might look like.
Bitcoin try to enter Symmetrical triangle again, bear trapped Welcome to this quick update.
Technical Analysis ,
BTCUSDT bounced from its daily support level . As said pervious chart , there's a high Liquidity area between $30,000 - $31,000. Price just took out $34,000 area. Currently, price might retest resistance area of $35,150 - $35,800 and seems like breakout and enter the symmetrical triangle again, you can called its fake breakdown or bear trapped here. now bull is full control with good volume.
Break and close above this area will lead to a mini alts rally. There's also some bullish news, which not giving much impact because market sentiment is still bearish by which FUDs are having much higher impact . Keeping in mind the current fear in the market We can get surprised too. Let’s wait and watch.
Break and close above the 43k level could trigger a momentum for another bullish rally. Too soon to say anything though.
SO IN A NUTSHELL : Close below 30k level bearish
Close above 43k level Bullish
Do hit the like button and share your views on the comment section.
❤️ If you find this helpful and want more FREE forecasts in Tradingview.
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want me to help you become a better Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
Trade well, ❤️
#bitcoin #crypto #nextmove #bullmarket #bearmarket #sideways #breakdown #btcusd #dailyclosed #pinpongzone
I believe this is not bear marketEven after 50% + correction i believe this is not end of bull market. If we zoom and look at daily chart we can see clearly wyckoff theory and manipulated move. I believe whales are just trying to panic newbies and retail to sell. Miners are still not selling, stock to flow is showing to us this is not end or even close to peak, a lot inflow of stable coins to exchanges, a lot of adresses more than 1000+ bitcoins are adding more. I refuse to sell in this dip even if this is beginning of bear market. I believe we can reach $200-400k range in middle of 2022 per bitcoin. I think this is just bear trap before real gains.
Quick BTC Update - Buy the dip?!Here's a quick update on BTC 4 hr chart. As we can see, the price is right now in a falling channel which also represents the current downtrend. The 30k level is very important to hold - if it breaks, then we are looking for some support at 27k and then some bigger support at 24k level. When we break the falling channel, the price will probably go back up.
In every bull run, you have these 40-50% pullbacks and they are the beginning of new big uptrends. BTC will probably go to 80k in its next big run up, and those who aren't buying this dip, will regret later (Not Financial advice!).
BTC will rise again and we might not see these current prices for a long time when BTC goes back up.
The bull market is not over yet - the historical data doesn’t show that the bull market is over.
And what if I told you that the whales are smarter than you? They are pushing the price down by spreading some FUD, so that they can buy cheap.
BTC Turns bearish on Daily - ShortBitcoin has dropped below the 20week and 200day moving averages for the first time since April 47th, 2020. With a triple bearish divergence, a break of the pitch fork trend and floating below the 20wk MA..I cannot help, but read this as bearish in the short term until we secure a weekly close back above the 20wk MA. Not sure how much lower we could go, there is no telling. How much longer until we reverse, unsure. Is this the end of the bull run? I don't want to believe so, but you cannot deny the chart. There is aways time to return when the whales give us a bullish sign that things are reversing, but I don't see on the chart right now. I remain bullish in the LONG. This is not financial advice, It is only my opinion.