IVL | Ascending Triangle | Bull Trap - Limited UpsideIVL | Thailand SET Index | Petro Sector | Chart Pattern Trading
> Ascending Triangle continuation pattern - Bullish Trap with limited upside
> Price Action: Wait for tighter candlestick consolidation - Entry @ Demand Support Line Zone only
> RSI - bullish trap signal
> MACD - Bearish Divergence
DP
Bullishtrap
BTC : very dangerous scenario !!!In 4H Accum / Dis is the highest ever and price still far far far away from its maximum. This is indeed an impressive excess! On the other hand, price is doing an figure tipycal of final impulse. Yesterday, high volume has not been efficient to push upwards the price. The institution offered few days ago high prices overvaluing the price of ASK: retailers bought desperately!! CAUTION!!
INTUCH | Bull Trap | Bearish Butterfly Harmonic PatternINTUCH | Thailand SET Index | ICT Sector | Chart Pattern Trading
> Chart Pattern: Bearish NEN STAR and BUTTERFLY in PARALLEL CHANNEL - Bull trap
> Price Action: Beware of BULLISH TRAP | Entry Position@Breakout with tighter stop-loss
> Indicator: BULLISH TRAP
Trade with AFFORDABLE RISK
Trust in your SYSTEM
Always respect STOPLOSS
Good Luck
BULLISH TRAP : BTC Massive DUMPGreeting from IRAN to whole trading community
What Is a Bull Trap?
A bull trap is a false signal, referring to a declining trend in a stock, index, or other security that reverses after a convincing rally and breaks a prior support level. The move "traps" traders or investors that acted on the buy signal and generates losses on resulting long positions.
Whales has started a massive DUMP on Bitcoin on 7th Sep 2021 19:10 !!!
They dropped the price about 7.000$ and had reached to 42.000 in less than half an hour
When price had dropped massively , many traders come to open their 'Short Position"
And that's the best SPOT for Whales to do their "BULLISH TRAP"
Right after that massive full body Bearish candle closed (5m TimeFrame) , They start to buy all the orders and PUMP the price about 6.000$ or 15% in only 5 minutes!!!!!
THAT'S WHERE THEY CAN LIQUID TRADERS ABOUT 2.700.000.000$ IN LESS THAN AN HOUR!!!
So notify that "Cryptocurrencies" is a market that whales can affect it easily , Future trading is high risk so manage your levrage and money in order to avoid such these attacks
Wish you best of LUCK ☘☘
Are we still bearish ?After many great prediction ive come to a point where i'm kind of confuse whats going on but i think i have my theory.
You see btc has been leading every crypto since the beggining but weirdly enought it did a really strange move just after the bull trap And i think i know why.
The reason of why it did that is ETH the ETH have most likely pushed every crypto up but now that ETH is at his resistance now both btc and eth are going down
So in other words i'm still very bearish on that 23 k is still the goal !