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Beartrap

BIGGEST BULL TRAP IN BTC HISTORY 3250 INCI want to show these 2 charts in comparison to see the similarities between last year of BTC and then this year. Last year BTC developed a wedge consisting of an ABCDE pattern. What i found interesting is that both hit the 0.5 fib of the b-C wave. Instead of doing an ABC up this time to test 0.5 Fibonacci, it did 5 waves up, which means we have an ABC structure down now. Overall this is an ending diagonal, which has yet to test it's (E) at possibly 3250. This theory would be invalidated if we went above the 0.5 fib at 3750.
COINBASE:BTCUSDShort
by LukeSkywalker
2
ETHUSD -Bull's Gate, Or Bear Mauling? Asc TriangleIs this a Gate for the Bulls, or are the Bears waiting to maul? In a previous analysis, the Bears have had control since Jan. 14th in a segmenting pattern, and back as far as Jan 3rd since the break of the December uptrend. Bulls look to have a gate through the Bear defense, but will it materialize. I will be watching for the conviction myself even though there appears to be an opportunity with this ascending triangle action . The last 2 attempts at the trend line may have found a chink in the armor. We're in a bear market, watch for conviction. volume, and follow through. Good luck traders! Previous Analysis : Predictable Bearish Pattern Previous Analysis: Break Trend line, or Test $100
COINBASE:ETHUSDLong
by MrJEB
Bitcoin Trying to make a Daily Reversal after a Bear trap?We had some good action 2 hours ago, where the price made a quick dump but got an even bigger push up. The volume on the way up was much higher as well, so chances are big a bear trap was set there. Also ETH' broke an important support it seemed but also jumped right back above again, also suggesting a bear trap. The past days, i talked about expecting at least one more drop, but i did not know it it would be a very small one, like 50 points below the previous one or a big dump. It's clear it was the first one, but until now, also in the shape of a bear trap it seem. But bulls are most certainly not safe yet, for a bullish mid-term trend, they need to try and close the price above the 3700/3750 when the daily closes. If that would happen we would have: - Bear trap - Daily reversal Both strong indicators. So far the volume is good/decent, but it needs to stay this high. Really want to see the volume candle be much bigger than it has been lately. Without volume, it will probably just be another game the market tries to do, to shake out both longs and shorts. On the right i have drawn a possible bull flag, but we really do need to see the price stay above the green zone. Preferably even above 3520/10, showing some fomo at this spot. For this bull flag it's the same as all bull flags the past 8 months or so, it should not take to much time. Because the longer it takes the bigger the chances become for a failing bull flag. What we also need to see is (if btc make another move up), is alts make an even bigger jump up with the second leg. If we see all of these ingredients play out, the chances will be very big that an important low has been set and that past 4/5 weeks have all just been one big correctional move and we will start to make another big leg up to the 4k or maybe even 5k levels. But today, actually the coming few hours, will be of the upmost importance for it, as described above. Best case, we do not see a big short squeeze happen, but we see a big high volume fight on the way up. With these big short squeezes, we see the price drop like 80% of the time again. On the left we can also see a possible bullish wedge, but it's not a pretty one though. If we do see the bullish things play out like mentioned above, so a close above 3700, it could be a confirmation that this wedge is real. But anything below that red zone, remains bearish. All i hope for is, that we see high volume again. Because than we can trade this market with more confidence. Please don't forget to like if you appreciate this :) Previous analysis:
BITSTAMP:BTCUSD
by botje11
50
Huge pump or what? What's going on with BITCOIN (BTC)So, it looks like the big pump we had that was caused by a short squeeze and strong resistance levels is seeing some resistance here. Many traders are calling for levels as high as 4500, 5100, and even 6k. It appeared to me before that we had a bull flag with a big bear trap, but then this even bigger BULL trap came along and I'm left not knowing what to think. If you are wondering what my overall view is on Bitcoin, you can read my previous analysis. But the main point to consider is that no matter how fast we can retrace in this move up, if we are below 6k then the overall trend is bearish because there will be no higher high. The other fundamental factor that could halt this run is how strong alts are looking, so more money may be going directly into them, rather than into Bitcoin. Especially considering how increasingly easy it is to buy alts directly from fiat with all these new coins being added to coinbase and the recent introduction of USDC on Binance. I have two main scenarios here: Bullish or bearish: The bullish scenario is we are in fact painting a bigger bullish pennant with that "bull trap" region and this was part of the plan all along. The bearish scenario is we make a bigger ABC correction down after the move up, and the higher targets will no longer be in play. Hope you enjoyed this quick analysis! Please consider following/ leaving a like and happy Christmas! -Etch Previous analysis:
BITMEX:XBT
by Etch1234
Crazy climbing ETH is getting ready next move up!Hi guys! Welcome to a brand new and exciting ETH analysis! Last time, we made some amazing profits and got some pretty good insight into the price action happening in those crazy moves upwards yesterday as it climbed 13%. I hope you can join me in this adventure of charting once again and look towards the $184 target for January. Have a look at this sprawl of lines over this price chart. Pretty simple. Pretty effective. That green trendline is what makes me think we'll see some more support coming upwards in the coming days as that's been pretty instrumental in the beginning of the last big move up. The interesting thing about the most recent moves is the consistent bear traps before pumping, which I have highlighted in blue here. Looks like we would have made a big old bull flag at the top of the last big move where I posted the last chart of my previous analysis, if it wasn't for that double top pushing us down. The target of that double top was hit pretty normally, and of course a rally is natural after all that pumping from one day. I believe this is a very healthy correction and we could continue upwards after a bit of sideways movement. The blue area could be a fractal of those bear traps within a bigger bull flag once again. That brings us to the red and green line, which shows the support and resistance from the double top, which will hopefully give way to a double bottom in the near future. My prediction is we'll go sideways within that range, possibly with some bull and bear traps, until the green and subsiquently purple resistance-turned-support trendlines reach the price and start acting as resistance levels. You can see a possible EW count on the chart, which looks pretty good to me because there's clearly 5 subwaves within each wave and we can easily imagine wave E taking us somewhere, but who knows how high at this point? Don't worry though, that's why I'm here to guide you as we start to see some big movements in either direction. The orange line at the bottom is the biggy to watch out for in the long run, where we had our double bottom from the first analysis. I'm going to keep it here for now as an important reference point. We'll also be keeping an eye out on Bitcoin to try to study the effects that might have and predict using that chart, so please have a look over there as well since I'll be updating both pretty frequently. Thanks for reading! Don't forget to leave a like and don't be shy to comment what you think belo :) -Etch Previous analysis:
BITFINEX:ETHUSD
by Etch1234
2
Bitcoin Whales And Their Bots Controlling The MarketA few days ago i said i would make an educational analysis about that pattern i saw a few days, something i have seen many MANY times this year. Especially since May until September this year. What do we see here: After breakouts like we had a few days, where we see a squeeze up happen within 1 or 2 minutes, then we see a dump happen just as fast and usually around 50% of the up move. The most important factor, is the speed of the push down. These are bots in action because nobody can react that fast AND feel so confident to push the price down during a squeeze up, unless you know you have unlimited funds and volume to play with. The only time i know they failed, was in July, when the 6800 broke and we squeezed up to the 7.500. If you remember, i mentioned that several times, because since that moment, it took a while until they showed up again. There were around 200 mil contracts liquidated that day :) After the push down has been made, we usually see a small bear flag forming, like they are getting a feel of the buying pressure of the market before they start to make their second push down. A few days ago, the buy volume was probably still too strong to we tested the high again, something that didn't happen earlier this year. So there is a slight change in that pattern. Today's move, which i warned for yesterday was only a 30/40 point move up. But the push down fits the profile i described. And since we are at lower prices now, it might be fair to assume they are at it again. What and why do they do it. Why? They play games with over leveraged traders. We always get these obvious resistance or support levels. If it's a bull or bear flag or trend line breakouts. So many traders who are breakout traders go long at these highs while THEY have their short orders already in the book ready to get filled. Then they push the price down just as fast, putting these bulls under immediate pressure. They wait and see a bit how the rest of the market reacts, if they see buying volume dropping, they start to push the price down even more. Because they trapped these breakout traders, they use THEIR volume as their own, because as soon as these over leveraged traders start to get in a loosing position, they will cut their losses and start to sell as well (or get liquidated which has the same result). So creating volume (fuel) for these whales. And if the market is not strong enough to catch the volume of both of these sellers, we start to see those Bart moves and the market starts to drop again. You probably remember this chart i showed a week ago, before that move up happened and dropped again. This is a bigger version and a different pattern but it's the same tactic. In case you wondered how the hell did i know it would move like that, well know you have your answer :). Of course it is an assumption upfront and it's not that easy, but it does increase your odds in trading when your aware of these kind of things. If i get a big support for this educational analysis through likes, i will make a part 2 and will show you examples of these patterns. It takes me many hours to make these kind of educational posts, so i will only continue when i see enough people find it interesting. I also still have that long term (with log trend lines ) educational post, i am half way but still needs a lot to complete it. I might post that one as well in the near future. Maybe some will finally see and understand the false preferences most TA analysts tell you. Not on purpose, they simply don't know any better. Now i don't need to prove my right with this and i won't even try, it's up to you to make your own conclusion. But i think the fact 90% of retail traders looses money in the financial markets says more than enough. The chart is here below, probably finished but i might still adjust it a bit I can see only 1 solution for this manipulation, that is combining the volume of all exchanges in 1 order book. Because then they would much more volume to push the price around. Now they only need 1,2 or 3 exchanges and the rest will follow since there are so many bots reacting automatically. Combining all the volume , would make it MUCH more difficult to control. Not impossible, because the same manipulation happens on the normal markets as well. So in other words, the decentralization of crypto is actually biting it in it's own ass when you think about it. Very unfortunate, but it's the hard truth. Please don't forget to like if you appreciate this :) Previous educational analysis:
BITSTAMP:BTCUSDEducation
by botje11
124
Short Squeeze + Discounted price = Bear NightmareAs we make the "Three Drives Pattern", the bear shorts will come in even heavier - one final time We have an obvious ascending channel and we need to follow the trend. Weekends are typically higher probability for bull runs. Stocks are climbing Fundamental Analysis: Retails investors don't want to miss out on "the bottom", even though this is not the bottom. They are in the belief that the market was manipulated to drop, so Wall St can by at discounted prices before 2019 Technical Analysis: Retail Bulls are waiting for BTC to hit $3,600 again before buying (but it won't), and will realize they missed out (especially on a Saturday) and FOMO in big time at the end of the 3-Dives Please leave me your thoughts, I appreciate the feedback -racethehair
COINBASE:BTCUSDLong
by racethehare
1
Want sub $3k? Build a Bull Trap to $8kIf you want to play with the big dogs, you have to bark like one. Everyone is waiting for lower prices. When the retail traders see the discounts slipping away, they will quickly start piling on the market buy orders. Our trend will then create the feel of a false downward breakout of the large yearly descending triangle (in green), and create the illusion of a new bull market. Don't get caught in the trap. HODL until $8k, then take your profits, or someone else will take them for you. The bubble will pop, just not yet, so be patient. -racethehair
BITFINEX:BTCUSD
by racethehare
Buyers might already be in control, they just don't know it yet.We could actually have had our last leg down of the bear trend on the 11 of October; From January till now, the massive sellers appears to have gradually lost control, the size and time frame of the massive legs down became less and less strong; Bitcoin tried to form a bottom; The last leg down from October was very quickly bought and a short squeeze appeared; After this short squeeze, the trading range is extremely tight : this might announce the start of a new trend (blue rectangle); Market is also showing signs of sellers exaustion: Reversal candle visible on the 3D chart, and on the weekly chart 3D Chart: Weekly chart: This weekly trend reversal is actually very important, and i insist Bitcoin might still have bottomed at 5.700$ when the structure created an Head and Shoulders bottom in June () All is very calm, people and medias are bearish on cryptocurrencies right now, the BB are very tight. This should be set in as a contratian way of trading, which means that this is again a market buy opportunity. We still need to remain alert ; We want and need to see Bitcoin piercing the 2 main Smmas, and establishing a support on them if possible. Trading this market is very risky, i could be wrong and we could assist to a last leg down in Bitcoin. Summary: Buyers might already be in control, they just don't know it yet. They are scared of incoming leg(s) down. The comfirmation of the bear trend reversal would be why not a bear trap such as this one of 2015 Followed by a break out of the 2 daily Smmas, and a support move on them.
BITSTAMP:BTCUSD
by Giovi6969
6
Traps and TargetsBeen very busy and its been a while since I posted. Apologies for that and thanks to all of you who keep up the good work. In two minds here, which is a typical predicament with trading. The 15th October spike that popped through the top of the long term triangle has been seen by some as a bear flag, and I can see their point, but for me there is more compelling evidence for a bull run. In the immediate future my thoughts are... Currently BTC is looking to pull back before the next push. However there is a lot of pushing going on and the pull back is struggling to get a foot hold, so we keep getting sideways movement. As a result I foresee a small upward movement above the very recent resistance triggering a small sell-off (Bull Trap). This will then drop down to the support, the 'RSI 1Hr will hit oversold and bounce up to higher resistance levels (Bear trap). 'BTC will break out of the long term triangle and the 4Hr RSI move into overbought territory also. How high it will go I am not sure, but will certainly be keeping a close eye on it. This is all my opinion and its probably wrong ;)
COINBASE:BTCUSDLong
by reppac
1
Resolving the BTC wedge - 6060,5900,5750, 5000BTC has finally come to a point where the wedge it's been in for months has run out and the price is forced to break out of it very soon. I see a number of support levels all the way down to 5000 and where it's going to stop is anybody's guess, short term it does seem to look bearish, but I suspect there is a possibility for it being a bear trap. I believe today's drop is correlated with the global equity market selloff with the DOW having its 3rd worst day with a more than 3% decline. BAKKT is supposed to launch next month, who knows, perhaps pushing it down with a final blow to 5000 would allow certain people to buy up loads of BTC on the cheap while other people throw in the towel and sell at the bottom. Some people think Bitcoin is dead and crypto is dead and the whole thing is a scam, I don't believe that at all. The technology is amazing and unlike other financial markets, there is a real strong community of die hard BTC hodlers and fans. On top of that, there's hundreds of millions of dollars of real world money being poured into crypto infrastructure around the world by very smart and very wealthy people and companies. Would they really do that if crypto was gonna die? Patience is key, time in the market > timing the market. Disclaimer: this is just my own opinion and not financial advice.
BITSTAMP:BTCUSD
by cryptodiggy
Gold BEARS ARE ON in 15 minute chart AND Bear Trap is ALSO SETGold is going to retest 1187, gold is forming a triangle in 15 minute chart as wave 4 of an ending diagonal, please adjust your trade accordingly. After gold has completed the last leg of the ending diagonal (Wave Y at higher degree )of a higher degree combination correction, the price will jump up , be ware of tomorrow's bear trap, but don't be in rush to take small profits. Happy trading , keep money management in mind. Thanks
FX:XAUUSDShort
by elliottwavegreen
4
Follow Up On EURUSD DailyEURUSD demonstrated a sharp movement higher after touching the 50% retracement of its first setup bull leg. It is reasonable to be taking profit around the 61.80% area if one's short or having limit buy orders if one's looking for a pullback trend continuation play. At this point, we've had a measured move lower, some call it a bear trap, and a sharp reversal higher into the previous trading range. In terms of probability, reaching the top of the trading range around 1.1875 seems has better odds.
Long
by Zoen_Trieste
Btc sould be at 7780-7880, lil 4% pump soon? (30 min chart)As we see, the first target has reached, 38% fib (just a shadow, but hit). Now... Btc could hit again 38% fib and test it a little dip than before. But.... By Rsi divergence, on 30 minutes chart, btc should be at least 7780,00, what means: 1 - An trap is going on. 2- If people believe on that fall with great volume, it could break that RSI divergence and really fall, keep an eye on depth of the RSI channel. My guess, buy with stop loss, you risk 2% to win 4% Short Chart Time!
BITFINEX:BTCUSDLong
by TalesFortes