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Beartrap

GBPCHF a bear trap 🦐GBPCHF after a few tests of the support area attempt to break below creating a bear trap with a false breakout. The price is now moving in a bullish price action and according to Plancton's strategy if the market will break above the resistance area we will set a nice long order according to Plancton's strategy. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
10
We told you this was happening to BTCWell it happened as predicted. You can refer back to this graph that we told you nobody else was showing you. The break down is currently touching exactly on the break down points we charted over a week ago. This all for informational purposes only, but we give you the tools to make very good informed decisions. We are still in a bull market and as has happened before we see massive corrections and bounces to the upside. All weak hands will be shaken out here. We need to watch to see what price action does from here to chart out the next moves. Make sure to share this chart and like it so we can keep providing them to you for free. HAPPY TRADING.
BITSTAMP:BTCUSD
by hbayatne
1
Bear trap?! Can it bounce here?! Stay Tuned!!Chart says all. IF price follows Jan pullback form, we gonna get a strong bounce to new ATH from here. Else; The End... NB: An EW impulsive wave completed in MFI outflow on 2/25; RSI could bounce from its TL here, might be a Bear Trap. IF price is in Bear Impulsive Trend, ship is goin down bowfirst. We had both Bear and Bull traps twice this week already! Trade with care! Do not leave positions unattended!! NOT advice, trade at ur own risk, GLTA!!!
CME_MINI:ES1!
by DaddySawbucks
4
USCAD on a false breakout 🦐USDCAD after the false breakout below the weekly support moved back above and close the weekly candle with a double bottom higher close candle formation. The market is moving inside a minor descending channel and now is testing the upper trendline. According to Plancton's strategy, if the price will break above during next week, we can set a nice long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
6
Bitcoin in 2021Here I take two previous, patterned moves from 2017 and fit to current structure (fractal around June 2017). This gives me the ability to approximate its growth or decline over the next year. I then use these two situations to plot a general trajectory (dotted line). Finally, I estimate the curve for the 21 week moving average. I foresee the possibility of a drop down between the 50 day and 100 day moving average on the daily time chart. My target buy region is between $30K and $26K.
BITSTAMP:BTCUSDLong
by austunutsua
1
Suncor - A Tale of Two TrapsFor 20 years, the market has never had anything but dips to buy. Even the 2008 "Financial Crisis" was just a dip to buy. Even the March illusion of a pandemic was just a dip to buy. However, a pendulum always swings from one side to another. What throws people off and makes trading so difficult is that you can know: Where the market is going What direction the market is going But what you don't know is when the market is going to do it. Only the makers know that, and that's why they're rich and retail is not. But, one thing you should be clear on is that this is the end of the line and the party is over. The world is not in good shape. Trouble is only just beginning, and it won't be a brief flash in the pan this time. The presence of a huge number of people practicing socialism (Communism) all over North America, and the world, has already shown itself to be a huge problem to the future of this world, and is about to show its economic consequences. After all, the biggest players can trade short and make even more money than they do during bull runs, while everyone's portfolio, 401K, and life savings gets wiped out. The ultimate purpose is to cause people to capitulate their holdings at the bottom, actualizing huge losses that cannot be regained. Once you're poor, you're easy to buy off. Once you're poor, people will do anything, including betray their friends, family, and country. In all the other areas of the world where poverty is common, prostitution, arms, and drugs all become booming industries. What else are people going to do when they need to eat? That is, unfortunately, the endgame for the human race. But before all good guillotines drop, you must raise the blade high into the air so it can fall in dramatic fashion. That is what our good friend Suncor is about to do, and likely WTI Crude Oil along the way. So, this is a long trade, but it is a scalp. This isn't for you to pack a bag for your portfolio thinking that you're going to see a new all time high in 12 or 24 months. People are no longer allowed to live like human beings, which means travel has been destroyed, which means the energy industry is in big trouble. After it is complete, take your profit and stay cash heavy. Consider getting out of the market and buy yourself something nice. Spend some time with your family. Maybe take up meditation or spiritual practice. When the rivers of blood begin to show themselves in the streets, wait a few months before you start buying. Every rally will be for suckers and the pullback will be in the 80% range on all asset classes. Perhaps gold and silver will be the only exceptions, in the end.
TSX:SULong
by LordWrymouth
25
ETH 4H Chart Bear trap Me Personally i see a slight amount of room for us to go up still however come tomorrow 9/11 im seeing major resistance for not only ETH but also BTC the Dow jones and also s&P 500 Traders beware!!! i feel its a trap for a major drop potentially the prices are pumping right now because to many shorts right now in the market when everyone longs we will probably drop Take time to do your own studying Please be aware of how much you can lose right now in the market Not Financial Advise Please consult with your financial advisor for your own finances this is just a idea of mine.
GEMINI:ETHUSDShort
by kezzyrose412
Bitcoin - Double Bottom with Bear Trap.Someone I follow on Youtube would call a pattern like this baby blue line a "double bottom with bear trap" Basically it is a W formation or double bottom in the chart price and just about the time everybody thinks we are breaking North the price plummets South thereby confirming the bearish bias. In reality though it is just a "bear trap" catching those that short it off guard and liquidating them when the price reverses again and goes North. Will this pattern happen from here? I don't know, but I sure would be impressed if it did. I'm still long from way back so it doesn't matter to me if we moon right now or have one more spike low. Either I'll ride the ship or buy the dip. Either way I'll be happy :0) Good luck in however you play the next move. BBS out.
COINBASE:BTCUSDLong
by BitcoinBearSlayer
1
Maket Makers Set A Bitcoin Trap? A sudden 2% pump in price for BTCUSD is exciting... it suggests we may finally see the market start to rise. However: On closer inspection we have cause to be cautious... Until we see a breakout or a swell of momentum and volume on higher time-frames, Team Sparkster is skeptical. The problem is that Market Makers (whales and institutions) can easily take advantage of the liquidity available above and below resistance levels. By pumping the price just a little bit during times of relatively low volume and thin order books, a whale can trigger stop losses causing a cascade of orders, even liquidations, allowing the whale to scoop up that liquidity and then sell it back to the market leading to a drop in price. Notice on the chart circled in green the long wick that extends beyond recent high. That move almost certainly triggered stop losses for short positions held above $9340. If the bulls do not quickly follow through with momentum up, then sure enough we could see another decline in price with many traders left in negative positions. And looking at the current candle we see resistance starting to set in. This is why lower time-frame trading can be so risky, cause money to be lost, and why Team Sparkster advocates a diligent approach to historical backtesting of particular trading strategies. Specifically, the 2-week chart for bitcoin shows a lot of pressure to the downside. Sudden 2-hour burst rallies may not be sustained market moves. Remember, most people eventually lose money attempting to trade on the financial markets. If you really want to play in the major leagues for sustainable profit, you need the tools and techniques to help you do so.
COINBASE:BTCUSD
by Sparkster