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Bulltrap

SHORT Bull trap? or still a symetrical triangle?So far my FA and SA havn't changed since my last analysis of the market. But also the same goes for my TA... - We are still in a symmetrical triangle - It feels to me like a bull trap, sure we managed to break above ma200, but it was so weak with such a low volume , I don't think we can hold it, especially since we are at the edge of the cloud, and just stuck there... we might be able to push it due to Tether printing money or a whale buyer, but we won't break the the symetrical triangle, we will test 10k again eventually. - We formed a pennant triangle as well, it holds a bit above the ma200, and also holds at the edge of the cloud, any break down or up would be a strong one but still withing the symmetrical triangle limits. I will go with a short, since I do think that buying power matters and the most important key componenet in every wave, sure we did highs, sure we broke up, but to me it looks like yet another bull trap, even if we break the pennant triangle up, it will just confirm an even stronger push down right after wards (Still withing the limits of the symmetrical triangle). #Short#currentprice10730 short range to enter: 10950-10600 sl: 10980 TPs: 10260, 10160, 10060, 9895, 9640, 9137, 8600, 8300, and leave 10% to run for any lower price. PS: If you were in longs so far, I would suggest to cover at-least 50% profits, as this is never a bad idea to do so...
BITMEX:BTCUSD.PShort
by Hedgehog_king
Bull trap? or still a symetrical triangle?So far my FA and SA havn't changed since my last analysis of the market. But also the same goes for my TA... - We are still in a symmetrical triangle - It feels to me like a bull trap, sure we managed to break above ma200, but it was so weak with such a low volume, I don't think we can hold it, especially since we are at the edge of the cloud, and just stuck there... we might be able to push it due to Tether printing money or a whale buyer, but we won't break the the symetrical triangle, we will test 10k again eventually. - We formed a pennant triangle as well, it holds a bit above the ma200, and also holds at the edge of the cloud, any break down or up would be a strong one but still withing the symmetrical triangle limits. I will go with a short, since I do think that buying power matters and the most important key componenet in every wave, sure we did highs, sure we broke up, but to me it looks like yet another bull trap, even if we break the pennant triangle up, it will just confirm an even stronger push down right after wards (Still withing the limits of the symmetrical triangle). #Short#currentprice10730 short range to enter: 10950-10600 sl: 10980 TPs: 10260, 10160, 10060, 9895, 9640, 9137, 8600, 8300, and leave 10% to run for any lower price. PS: If you were in longs so far, I would suggest to cover at-least 50% profits, as this is never a bad idea to do so...
BITMEX:BTCUSD.PShort
by Hedgehog_king
Careful Zone::Caution Ahead:: .5 Fibonacci has been a reversal zone out of these bear flags. We've had 3 bear flags as you scan see making a symmetrical or downward triangle. First one was a reversal to upside. Second one to downside as bearish trend continued. Third one? May not go to 11.5k like people want. Don't miss the trend line below that that also is acting as resistance. 4 Hour MacD shows an area of commonly topping out. Our long term uptrend we had as support? Now it's being tested as resistance. (red lines) Oh and BTW we're kinda sitting in a rising wedge . Bull Trap?
BITSTAMP:BTCUSD
by pacman7331
MAJOR SHIFT IN MARKET IS NOW CONFIRMED IN FRACTAL . THE PEAK AT 3015 TO 3041 NOW APPEARS TO BE THE LONG TERM TOP BASED ON DETAILED FIB RELATIONSHIPS FROM 1982 AND 2009 . I WILL NOW HAVE A VERY BULLISH SHORT TERM VIEW BASED ON 9 BUY SIGNALS .BUT I AM ONLY LOOKING FOR A WAVE C UP TO 2949 TO 2963 .The QQQ COULD SEE THE RALLY TO PEAK AT TWO TARGETS 1ST ..786 191 OR IN FACT MAKE A RETEST OF THE OLD HIGH BEFORE WAVE C TAKES PLACE .THE RALLY SHOULD PEAK INTO NEXT FRIDAY IN WAVE 24 THREE PEAKS DOOMED HOUSE POSTED BACK JULY 23 .BEST OF TRADES FOR WHAT IS COMING IS NOT GOING TO BE GOOD
SP:SPX
by wavetimer
1
Weekly bitcoin very bearish shooting star/doji close is a trap?What if the composite operator/whale(s) set out to enable massive liquidity by shaking out all the weak hands through an algo that created a weekly closing incredibly bearish doji (gravestone/shooting star)? If so, then they should enable the shorts to pile on towards $9700 or so and the squeeze the heck out of them up and through $20k. I'm buying the dips down towards $10k again and keeping a short open in parallel from above. This basically redefines the classic bear trap if true and pans out.
BNC:BLXLong
by DropDead_Fed
2
Ain’t no bull, is bullshit. Yes we crossed the 200 ma on daily, yes we made higher highs on every time frame, BUT why is only one or two coins going up (BTC, BNB) if the whole market is bullish? Last time we were at 11k ether was about 800 a pop, we had a market collapse and then a sudden inflation. I don’t think this is a real bull makret! I expect a massive correction. Bearish indicators show a reversal imminent. If this is a real bull market btc should not have all the money in it. Its a bullish bitcoin and bullish bnb TREND. But not a bullish crypto market. Huge difference. Look at kost of the altcoins, they barely moved since we bottomed. Pretty interesting! Some have suggested this is simply a retrace from ATL to ATH, we’re only 50% there, even a 100% retrace could happen and it could be a “B wave” correction vis a vis Elliot wave theory. I got a few longs in this market, but when we are seeing only one or two coins goin up, I don’t think thats bullish.
CRYPTOCAP:BTC.DShort
by pacman7331
BTC Bearish Clues : Bearish Bat Pattern and Falling Wedge StopIn the begin of this week, the consensus of technical analyst was clearly the following one : Bitcoin is going to sink again ! Not considering if Bitcoin is a good asset to invest in the long term or not, the doji formed on a weekly chart by end of May was a clear bearish sign and many analysts were surprised when the falling wedge has been broken on June, 10th by high buying volumes. More than that, these last 2 days BTC broke up a rising wedge, canceling the head and shoulder pattern many people were anticipating. Since then, the consensus changed and we can observe everyone is very bullish on the most famous crypto asset. Nevertheless, I think this is a good time to highlight things I have not read yet. First of all, we cannot consider BTC is back before it makes a higher high (higher than 9108$ of May, 30th). Secondly, as you can see on the graph, a perfect bearish bat pattern (XABCD) has been formed today. Even if this harmonic pattern is consider as the most reliable one, I can understand that this is not enough to conclude that BTC will not go higher tomorrow. But there are other signs that show BTC weakness in the coming days. And we come to our third (an maybe strongest) clue : the point D that confirm the pattern formation combine exactly with the extended line that goes by the all time high of BTCUSD and the recent 9100$ level we have seen. This is not visible on this chart, but you can try to draw the extended line going through these 2 points, and you will find out that we are exactly there now. Finally, there is an RSI divergence (as you can see on the bottom indicator). This divergence is also visible on a daily chart. Following these observations, I conclude that BTC will not go higher now . First target is point B of the bat pattern (between 8000 and 8100$). Second target is point C of the bat pattern (around 7500$). Stop loss can be set above 9100$ level. If BTC goes higher than that level and can consolidate there, all these analysis is wrong, and something else is probably happening). Hope you will enjoy it, and that it can help some (lost) people. Cheers, Saint.
COINBASE:BTCUSDShort
by SainTrader
1
BTC, what do I know?This "bull run" (laughs) is a complete fabrication fueled by manipulation. The top is most likely in, and it's all downhill from here. Bulls are in a state of elation and it's time for "them" to pull the rug. There will be a series of bulltraps as we fall down, with less and less strength as bulltards lag behind trying to long the "dips" until the reality of the situation sets in. First target is 7k Second is 6.3k Third is 5.7k NOTES - Breakouts from the bounces from each of those levels is possible. - Third level very well might not hold as sentiment will be heavily damaged by then - We could be back in the 3-4k region by August "They" will be laughing their asses off and reminiscing the execution of the biggest bulltrap in history. This entire idea invalidates with a close above $8.7k, and the scam bullrun probably continues in that case.
BITMEX:BTCUSD.PShort
by blockchaingetheworld
3
Fomo/Manipulation Fake Out? Lower highs, Lower lowsHey dudes! I can't help but look at it in the bigger picture. I agree since our last low in December that it has been looking bullish but overall I still see lower highs and lower lows. If the Bull run has started wouldn't it be confirmed by getting a new high ABOVE $7,300 which was in theory the last high we have had. And after closing above $7,300 we would need a new low ABOVE the previous low of $3,100. NVT over bought RSI over bought Fear and Greed index: Extreme Greed Congressman talks of bitcoin Ban Tether and Bitfinex Scandal Binance Hack Yet price is pumping through resistance like it's nothing. Is this just a big fake out being fueled by whales, tether/bitfinex and ignorant moon boys? Is it being fueled and pumped to soon come crashing down with the strength of a thousand suns to wreck havoc once Tether goes down? Or has the bull run genuinely started and we are off to the moon?
BITSTAMP:BTCUSD
by UnknownUnicorn2014765