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Bulltrap

Possibly the most important weekly close in BTC historyThis is the superbowl for bitcoin. Will it close in the Weekly cloud @ ~8500? Will the TD Sequential close with a green 2 well above a green 1? Will the price find support on the .5 Fib line also right at ~8500? Will the price close above the downtrend line created by the wicks from 13.8k and 10.5k? In my opinion, the Bulls executed this move too early -- they are now tasked with maintaining momentum for 5+ days, which I think will become increasingly harder unless they can continue to push it up. Something like this would have been much better to do closer to the weekend, to give the bears less time to react. I suspect this weekend will be a BATTLE, as the bears are just lying in wait, perhaps licking wounds but preparing, and will time a strike when nobody expects it coming, probably over the weekend. Everyone's been talking about a bulltrap for months and months, yet when it's finally potentially here -- everyone is calling for the moon, which is ironic. All eyes on 8500, should be fun.
BITMEX:BTCUSD.P
by blockchaingetheworld
Confusing market? let me make it easy on you... bear power!Most of you who've been following my market weekly analysis (Also my fav' TF since it ignores all the news in the background) for the past few months know how I like chaotic messy rainbow colored charts ^_^ but also that I been super bearish since top to bottom =D I love to see many basic but important TA/PA elements on my charts and thus I have to break it into parts for you guys <3, so lets begin: 1. The big trend: - Main/noise - The main obvious trend is bearish, and thus the main focus should be on shorts at important resistance levels as this way you catch all/most of the really big moves.. I already seen many groups/socialPeople talking about that we hit bottom, sure rare few of them have some valid points but until there aren't confirmations for the bull run it is all just a guess which is followed by the noise of smaller TFs which is caused by corrections to the downtrend/bull traps/SLHunts.. these groups/people tend to say we bottomed on almost every rise we had so far, while ignoring the bigger picture.. - Fibunachi: I tend to say that a parabolic run should correct itself to around 0.7'-1' (3880-6k$) fib' levels, why? because fundamentally a parabolic run isn't healthy/natural growing market, it brings to much money without real worth and can be very aggressive when panic sells going out.. and sentimentally the buyers are very hesitating and aren't rushing in when a market is falling.. thus a parabolic correction will never be good correction at the regular 0.6', 0.5', 0.3' fib levels, it will be much more aggressive.. * bearish/correction? - parabolic runs from my perspective usually end up in bearish market, BUT! from my perspective this can also be defined as a 'more aggressive correction' with expected results... my main target is 5.5k and I do expect the price to stop somewhere between 5-5.5k (Very strong S/R zone for last and current parabolic), it dosn't mean we can't spike below that, but if we go below 3880k for more then a couple of days? then even I have no idea and can't expect where the market will stop.. - trend lines - Basic and yet the most important PA from my perspective... these are the guide lines to see how strong is the overall vibe/more of the market, this was also one of my main reasons to call the top on last parabolic run at around 15-20k, and this current parabolic run since 12-14k, notice how the market reacts when we go below a trend line that the bull run created, everytime we break a treanline its more likely to try and find support on the next one, I tend to think that for a new bull run to happen after a parabolic run then we need to reset that parabolic run, how we do that? by breaking all the trend lines which were created above the first one, thus I believe we will also break below the 5th trend line before we can really start the next bull run. - MAs - e21 was one of the final confirmations for this bear run, staying below e21+e50 is very bad and leads to very strong death cross (while both E's on down trend) which if will happen then expect a whole 6 months of bear run (which also fits to my idea about that we will start the bull run only 4-6 months after the halving)... - Ichinoku cloud - Tenken and Kinjun death crossed (on a down trend) which is another confirmations for the big bear trend also the Chinkou also went below the overall market movement which shows long term bear trend and I overall as I mentioned on my last updates that if we won't see any strong push up at the 16/12 above the cloud then continuation for a bear run is more likely under the cloud until we see any sort of recovery... - S/R zones - I showed here all the important S/R zones we need to deal with before next bull run, these zones are ideal to plan positions with market direction... If we enter below the red S/R again, it will turn to a very strong resistance and most likely push us to 6900 line, touching this line 4-5 (1-2 more to go) times will create a very strong move crush towards the next support zones.. 2. Pattern: - Falling wedge - Yep, falling wedge is a bullish reversal/continuation pattern, so in the end we should break it at some point (with confirmed volume, and confirmed new trend after the breakout), I suspect that the best area to do so is my target support area.. 3. Volume: - Volume - if we break the bearish trend line it must be confirmed with volume,we are getting close to breaking the descending volume activity... successful break should also be high enough above the the red volume candle. - OBV - or as I love to call it as volume buying power, should confirm next bull run, without it we will run breakouts without active fuel to push the price up and thus if we dont have enough then we won't hold higher interest price levels. - VPVR - showing that we are at good price interest area for liquidity, this actually a big confirmation for accumulation and very important for our next bull run. * Conclusion: It looks like we still 'might' have a strong manipulation push trend up (with PA rules) all the way to 7840 (e50 weekly + e21 3d), if we break these then the next target is 8230-8325 (e21 weekly + e50 3d), but do remember: this type of market movement is just a natural noise of correction/bullTrap/slHunts, and is there to divert your attention form the big picture, on a bearish market you which was forming since 12-14k which I warned about since then and which was confirmed by many aspects until now, you should focus on shorts at critical resistance areas, and even if your sl hits don't panic, just move your next position to the next resistance, this is how I always catch up all the main big moves, as simple as that... don't fall for this 'btc botomed' crap as long as it wasn't confirmed and proven otherwise, our main target should remain as 5-5.5k unless we really confirm the next bull run. my current laddering short positions are focused around 7535-7835 zone (sl: 7845), so if we come back to that area I might ladder more positions to my existing ones as well.. and another focus for me is to trade a breakdown point under 6880..
BITMEX:BTCUSD.PShort
by Hedgehog_king
3
EKOVEST, Strong Breakout Followed by 3 Black CrowsBias: Bullish. After a strong breakout on the 13th Dec 2019, the next 3 trading days saw the price experiencing retracement with 3 black crow candles formation. #bulltrap Stop-loss: 0.830 // This stop-loss point is really tight; please manage your risk expectations. Previous swing high and 50% price retracement zone. 1st target: 0.950 // Previous high as resistance. 2nd target: 1.09 // Fibonacci 1.618 extension . Gentle reminder: Plan the trade and trade the plan. Trade at your own risk. Peace out! Guys, if you like the idea, please "like" it, this will be the best thanks. If you have any questions or trading ideas, please post them in comments! Thank you for your support, we appreciate it.
MYX:EKOVESTLong
by ShareWorldConsulting
Bitcoin : Shadow support and short term view.Hello all, welcome to the Saturday update of current bitcoin condition after yesterday's drop. Currently, After the drop we can see that the price is entering a shadow support (the yellow region). The shadow support itself is the area where the previous period's bull trap or the wick fishing region located. So, here is my view in the short term, we can see that the price has touched the yellow region and there is a possible consolidation to occur at this area. I do believe we can see the price to have 1 more drop to the next strong support which has confluence zone with the golden pocket region. After that, we can see the price to touch the previous broken support that is now acting as a resistance as well around $9000 region. From the daily perspective region, we can see that the MACD histogram is having the first ticking down to the negative side and the bearish action has completed with the confirmation of the death cross on moving average in the MACD. However, $8500 will become a very strong support and there is a very good region to accumulate the long order.
BITFINEX:BTCUSDEducation
by julio24albert
Gold Buy | Bull Trap and Stop Loss HuntingHello Traders, Here's my analysis on Gold daily chart. This bull trap and then pullback to stop runs (stop loss hunting) have resulted in very good trading opportunities with Gold. The psychology behind these moves are basically that traders see a breakout and enter trades but then price makes a pullback/retracement to take out stops and then reverse and continue in the original breakout direction. You can always ask yourself – where are traders in pain? This can help a lot finding good trades. Instead of buying the breakout (buying high) these stop loss hunting entries will give you a much better entry point. The risk reward ratio RRR on these trades are very good. The trend is your friend, so buying low in these pennant chart patterns combined with the bull trap and stop loss hunting is a strategy that works. If it was helpful, I would appreciate you leaving a like and follow. Thanks! Let me know in the comment section below if you have any questions. Best regards, Johan
TVC:GOLDLong
by tradingwalk
20
NOT a FREAKIN' CUP & HANDLE! First of all, if you indeed see this homewrecker of a formation as the cup and handle, bullish twisters, prosperity slim-jims, moon rounded bottom or any of these things ....please , dude get off 1-hour chart :)) you'll find loads of "bullish" double and triple bottoms on 5 and 15-minute charts ... >>>>Rounded bottom and C&H formations need a bit prolonged time to form, so 12H timeframe will be a legitimate starting point to start discovering your favourite patterns. Can these formations play out on the low timeframes ... sure they can, the same way as Chihuahua can get pregnant by a mastiff. Seriously though, I think we might have a bit of downside from here. This formation is by NO means is the cup and handle. Cup and handle forms towards the end of the prolonged downturn of the price action NOT after 3000 USD pump (to elaborate a bit, correct C&H = step1: price moves down+step 2: Rounded bottom forms+ step3: price consolidates in the handle area +step4: price breaks out immediately after reaching the neckline). If this indeed was a cup and handle we should have seen an immediate continuation of the momentum as soon as we hit 9.8K yesterday, we did not do that because this is not a freakin cup and handle. I think we will retest 8.5K level fairly soon and see from there what trading goat Jesus has in store for us. Stay safe my people, don't get rekd!
BITFINEX:BTCUSDShort
by akublashvili
6
I'm not impressed by price action! - Still bearish market!* So some of you know how extremely bearish I was so far. And my last market analysis got rekt by the Chinese news manipulation (Not an excuse, yes I was wrong, and it's ok to be wrong, I'm a probabilities man and big speculator, and yet I I misinterpreted the impact badly, we all learn from mistakes).. Remember this chart that I posted a few weeks ago? - well so far the down yellow trend holds strong - also the e21 weekly holds strong! - also OBV still weak as usually * next week we might be able to confirm this manipulation by volume action, - and especially if they let the daily e50 and e200 to death cross, it will take a few good days before we know which way we really tend to go (We need to confirm volume)... - Meanwhile, I'm not impressed not by OBV nor by volume action on bigger time frames (Especially not the daily one) * Yes, that means I am still bearish. yes I started yet again to ladder more to my short positions. * PS: Are we forming hanging man one weekly ;) xd. * PS2: Remember, China news are number 1 in manipulating the market, 1 day they say go all in, the other day they say fuck Crypto, don't forget from past experience how it was when almost every week China news turned from extremely bullish to extremely bearish and vise versa non stop, all this while we were in-fact in a BEARISH market which continued to drop more and more, this is the exact same pattern guys, I still think we are in Bearish market, we must retest the 5500+/- levels (5000-6200 as minimum).
BITMEX:BTCUSD.PShort
by Hedgehog_king
1
The baggy dead stock bounce strategy: Another exampleI know nothing of this company. But either way, looks like a nice example of buying something beaten up down 99% after it starts rallying. When it goes down usually it goes down pretty fast (crypto won't be an exception btw), important not to overstay your welcome. I do not use this strategy at all. Adding an example, learning a bit more every few month or so... learn with me. If it goes to zero it is fine since this strategy aims for several hundred percent returns often. No need to go all in... Here we can see that we have a V shape reversal at the bottom, a ~50% retrace, then a C wave very extended. The ABC retraced ~50% ~55%. In the case of cryptocurrencies... They retraced 55%, from being down 92%, but this does not look like we are "at the bottom", they are still way up from where they started. Bitcoin retraced 78.6%. I am not sure the strategy is the same... Will see how this progresses. If BTC gets to a few dollars, it can go up thousands of percents... But who will get filled? Oh companies on the verge of bankrupcy can recover... You will never believe what company did this... (if you do not already know)... APPLE. In 1997 they were about to go bust and Microsoft threw 150 million in and saved them. Now Apple is pretty big (in a bubble thought). 99% or more companies just disappear cannot even find them on trading view whick makes it hard to analyse this strategy here. Kodak went bankrupt in 2012 and re-emerged in 2013: The "new" Kodak fell by more than 90% lmao. Not sure how much the previous one fell. In 96 the price was above 90$ and at the end it was circling around 5. They had a nice back to normal. The new company price does not pick up the old one. The probably issued less shares to make it look like they bounced back. If I look at the daily chart: That is just too fast. I also noticed something else. That I am keeping for myself. Sry. Rekt. Looking at more examples will help. Maybe a good new strategy in the future here? The point of having multiple strategy is more a safeguard if the ones being used stop working rather than to make more money or to diversify. One question remains: Where do all these poop chasing baggies come from? And why do they keep appearing?
NASDAQ:MNKDEducation
by MrRenev
BULLS SQUEEZE ON EMPTY NEWS... GREAT VALUE AREA FOR SELL!!Selling all rallies on pound until further notice... Top of the Range with bulls trapping all early (myself included) bears! However we were prepared and all unknowing and late bears its our time to TRAP!! Sold at 1.2550 SL above 1.2620 TP1 1.24 and then I will see if we have a bounce there Will be tracking the official entry with confirmation of the change of trend . WIll update later Happy Hunting Happy Trapping!! BooBii
Short
by rickyboobii
POUND SHORT LOADING TIME.... THE FALL OF THE POUND... MAYBE?!If you have been following we have been tracking the pair since the 1.2290 area ... We are now at KEY resistance and HUGE resistance evidenced by the Daily chart below With Brexit looming, Pound is in a heavy bear market so staying a bull is extremely dangerous territory! The current range is from 1.1950 -1.252. We are in strong resistance territories and the only bulls here are late retail and greedy bulls. On the H4 Chart -macd is set for another favorable bear cross -stoch is coming down from overbough and showing divergence which is really good which means the bulls pushing price up are not as strong as the recent bull swing evidenced by the low stoch high -At any point we should see bulls run for cover as market movers should have switch sides and are heavily loading short -I have a key reference point at 1.2320 which is confluence of the moving averages on the daily and the origin of the last breakout candle of the recent bull rally I am already short 1.2515 with stops above 1.2570. I will enter more shorts on the break of the trendline taking TP1 profit at the crucial 1.2320 area and letting everything else run. A decisive break and retrace to this area and I will add more shorts looking to the daily crucial support around 1.2120 for TP2 . Last chance bulls will come here and depending on fundamentals it could break down if we get a proper test next week. At that point depending on price actiion I will take another trade and see if we can break the LOWS ON THE POUND!!! I don't always know what Im doing but when I do.. I'm pretty amazing! Happy Hunting Happy Trapping BooBii Make sure to like... comment ... and subscribe Any questions feel free to ask... For what I don't know... I just don't know... But what I do know I'll gladly share...
Short
by rickyboobii
Roles of confluence zonesIt has been a very interesting move from bitcoin, after a drop to touched the $10095 region, the price was immediately moves back to claim again the support around $10300 region to produce a long shadow on daily candle. This action could be a good representation of the bulls making their best effort to defend the $10000 region as a huge psychological support. And looking at the chart that I've shared, the green dotted line is the resistance trend line if I want to exclude the bull trap region on previous action (body to body connecting method). And the second thing is the white region, those 2 white regions are the confluence zone between the fibonacci retracement and the fibonacci extention which I believe will act as a huge resistance for swingers. The first resistance zone is around the $10750 - $10800 region which is moving align with the green dotted line as resistance trend line. The second resistance zone is the confluence zone between golden ratio and the 1.1 fib extention. My bias here is remain the same as before with a push to the down side for the big picture. but, I see a possible push to the first resistance zone with a bull trap region producing until the 2nd resistance zone if the $10300 region can defend the current price from further drop.
BITFINEX:BTCUSDEducation
by julio24albert
Bull Trap : Characteristics when the price is close to the APEXHello there my fellas, welcome back to my Sunday update about bitcoin! Well well, it has been a very interesting play for bitcoin for now. The condition is this, The price is moving very close to the upper line of the huge descending triangle (green line) and of course if we look at lower time frame, it looks like the price is going to break this resistance trend line. I am thinking of it more like a possible bull trap moves if it breaks the green resistance trend line on lower time frame and I believe it will only produces a long wick to the upside. Yes, maybe it is a very random statement for most of you because we have seen a strong volume and strong dynamic support that has defended the price really good. But, let's think like we are the whales who want to open a short entry because we see a huge descending triangle in play and the price in higher time frame view is losing a lot of strength! As a whales, I will definitely try to 'kill' the shorter in lower period of trading window. Why? because I want to get a short entry at higher rate so my risk to reward ratio will be better. The second reason is because the price is moving very close to the APEX of huge descending triangle, I am very sure there will be a lot of faking out moves to represent the war between the bulls and the bears! I believe the price will touch again the $10500 region as it is the golden pocket region or we can considering the area between the $10650 - $10700 as the last region for the long wick to the upside because it locates right at the 78.6 fib level and the previous swing high. Thank you and the daily view will be shared on update section.
BITFINEX:BTCUSDEducation
by julio24albert
2
THE FALL OF THE POUND... ARE YOU ON THE RIGHT SIDE? THIS IS A CONTINUATION OF THE SETUPS STARTED THIS WEEK..... CAN'T TYPE LONG AS MARKETS ARE MOVING.... WHATS TO KNOW.... -BULLS WHO HELD TOO LONG ARE TRAPPED WITH THAT BIG CURRENT WICK ON THE 4HR - IM LOOKING FOR A CLOSE BELOW THE CRITICAL AREA... (MIGHT USE THE HOURLY FOR ENTRY BECAUSE OF THE SPEED OF MARKET) - BUT ANY TRADES FROM HERE DOWN WITH STOPS ABOUT THE HIGHS AIMING AT THE LOWS 1.19 COULD BE MORE ILL KEEP UPDATING ... GOOD CONFIRMATIONS -STOCH DIVERGENCE AND COMING OFF THE TOP - MACD CROSS OBSTACLES -21 EMA (RED) WHERE BULLS MAY TRY AND JUMP BACK IN.... I HOPE THEY DO PROVIDE ANOTHER ENTRY AND RETRACE -WILD NEWS IF YOU ARE STILL A BULL.... THANK YOU FOR YOUR HELP WE COULDN'T HAVE TRAPPED WITHOUT YOU.... HAPPY HUNTIN' HAPPY TRAPPIN' BOOBII
Short
by rickyboobii
400-600 PIP WHALE ON POUND... DON"T BE ON THE WRONG SIDE!!!How's it hunting, trappers!! Did you know we are in a range on the pound? Its from 1.1950- 1.2560 Did you know the UK is in chambles and utter turmoil? Well if you haven't. I'm here to help. Not save the UK but set you up for a monster trade!! Note: Even though the pound is technically LONG overall the POUND IS OVERALL SHORT fundamentally!! Here's why it is tricky... Check out the stoch and the macd.... BEARISH right!! Wrong.... We just made a HH (higher high) at 1.2350 area. Therefore, you don't sell into an uptrend. You look to buy. What Im watching for is a bounce off the 21ema or price to test the critical point at 1.2215 area that invalidates the uptrend and lets you know its safe to sell. Until then price can wick down that low and close up way higher trapping you early and weak bears... shane shame shame... The cluster at the short term top looks bearish with all the wicks but its simply telling me that price is going to retrace only to come back again and test the highs. As long as that happens we should get an extension to the 1.2460 area which also happens to be the 1.27 fib .... At that point Ladies and Gentleman, I recommend you assess you risk levels put your stop above the 1.2560 level and look for any short. And when I mean any short.... ALL OF THEM IF YOU CAN :) unless there's a wild news event pound will go from here to the bottom of the range and potentially even LOWER!! Dont worry I won't abandon you like the businesses are doing to the UK! Ill be giving updates and watching the whale.... **I set the strategy to long but it is really LONG TO SHORT...** Im reluctant to take longs with the climate we are in but i will take a safe trade with good risk:reward if the conditions are good!! as always happy huntin' happy trappin' boobii
Long
by rickyboobii
10
Xrp to test monthly supply before going lower?Hello everybody. We're about to enter September. Fresh start of the month could possibly take us to 0.30-0.31$ region before dropping hard again. Might catch a lot of bulls before going lower. My bias stays the same - we should see 0.16-0.20$ by 2019 November/December. Bitcoin is not looking good either, shaking out hodlers and putting them into deeper depression is now the grand plan. This is not financial advice, just an idea. Stay tuned. BITSTAMP:XRPUSD
BITSTAMP:XRPUSDLong
by Patrikas10