BTC/USD continues down, clearly a bull trap - good luck fellasThis is a continuation of my last post, trap has been activated. (wicks play tricks)
Drop a boost if you like the content.
I see potential in the start of the next month but short term within end of this week and start of the next it looks ugly.
Nothing I say is financial advice and/or should be taken as such.
I am just a nobody and you should not take anything I say/write into any consideration, as I am dumb as a tack.
Bulltrap
BTC/USD is going down - Clearly a bull trap - good luck fellasI see potential in the start of the next month but short term within end of this week and start of the next it looks ugly.
Nothing I say is financial advice and/or should be taken as such.
I am just a nobody and you should not take anything I say/write into any consideration, as I am dumb as a tack.
Buyers trap/bear trap cause of recession Took a big risk of a comeback because of the recession: during that crash and recession still pushing harder along the inflation.
Bear the strong resistance rejection, still among bearish .. but soon will collapse down to 10K and experts are still expecting to drop down to 10K area.
This isn’t a good buy but secure your profits immediately
BTC Bear Flag Forming on 1 & 4 Hour Chart - Target $17k to $12KWas trying to do a video of this to publish but am having issues with the TV recorder not uploading properly.
Hopefully the Mods are ok with me posting this link of my analysis: www.screencast.com
Basically I'm seeing an obvious Bear Flag pattern which has been building the past few days and best seen on a 1 Hour / 4 Hour chart.
I'm expecting a push higher to the $24k area, and then a rejection there which will be followed with more selling pressure down to the lower support range, which ultimately breaks and heads lower to the 300 week Moving Average now around $17k where we should see some kind of relief rally and Bull Trap price action higher.
However, with all the terrible economic news and an increasingly likely full basis point rate hike later this month of 1%, we'll see the markets head markedly lower with Bitcoin heading down to test it's 400 week Moving Average for the 1st time in it's history.
I'm also thinking that we'll break below that and test the psychologically important $10k level, and a likely Market Maker induced price drop below that to either cause or as part of a final capitulation move to the last remaining unfilled CME gap around $9750 to really flush out all of the retail buyers, and even triggering more liquidations before we finally put in a bottom around here.
Let me know your thoughts, comments, and feedback below!
Trade smart. Not Often.
- Brett
HDFC BANK has retested, and showing BULLISH signs hey guys ,
just found a good stock to talk about ,
HDFC BANK was moving in a great downtrend .
This stock was following a pattern called
DESCENDING TRIANGLE 📐 PATTERN
previously also ,
this stock has tried to cross his resistance
and to break hi pattern,
but it FAILED
and it resulted to BULL TRAP for TRADERS
but now this stock has again broke his resistance and pattern ,
and now I think that
this stock will be successful in BREAKING HIS PATTERN ,
because there is no place left for this stock to continue his pattern ,
therefore , from my opinion you can bet on this stock and earn high returns ,
i have marked the RR RATIO , TARGET AND SL
y'all can trade according to this RR RATIO ( IF U WANT TO )
otherwise, you can adjust it accordingly. BUT PLS CONSIDER THE GLOBAL MARKET SITUATIONS
1. INFLATION
2. WAR
3. RISING BANK RATES ( IMPORTANT FOR THIS STOCK )
😀😀
HDFC BANK
DOTUSDT short term biasKeeping in view the situation of the BTC and bearish cycle on macro-level, DOT is poised to fake out or fake impulse towards upside, which will trap the bulls and it will suddenly break down and take a dip. Rate hikes and inflation will have its effect on the BTC so as on the ALTS.
Areas to keep in my mind for shorting are 8.4 and 7.6. I
t might drop from the current price as well. More confirmation for short entries can only be taken on lower time frames if some one wants to take short positions.
DOUBLE LOWER TOP FORMING: CPI COMINGLooks just like Feb 2-10, just playing at lower price. CPI numbers next week can crush this hopium rally.
ERs coming later likely to disappoint and guidance has hardly been rosy so far, can't expect much imo.
Stupid happy fool rally not getting much higher imo, just another bottomfishing bull trap.
Still waiting for capitulation and real panic, dip buyers not fully crushed yet. RSI back at rollover level.
Time and price projections suggest a lower low in late July. Follow the TL.
Fat Lady didn't sing yet...
Bitcoin is about to pump?#Bitcoin found support below $19k and begun ranging between $18.6k and $21.5k.
The last is the most crucial level because a valid breakout results in a 32% pump to $28.270.
Between those two S/R levels there are only two weak resistances; the first one at $27.5k and the second around $27.6k
If this scenario is going to play out, I’m expecting a really quick pump.
Warning: This is NOT a “go all in, bullish call”. It’s a waring to protect your (over)leveraged shorts from a bull trap.
Be safe, market never forgives!
S&P redistribution patternHey all,
I wanted to share with you guys what I think is happening right now in the stock market; by the looks of things, we're doing exactly what we did back then in the lead-up to the March rally and subsequent leg lower. My current belief is that we will nearly replicate said pattern ahead of making another leg lower in the stock market(many market-moving names are repeating as well); I expect that next week will have some choppy sideways action, but the subsequent weeks will be roaring higher. I warn you guys to avoid getting sucked in by FOMO at the top, even if we break through resistance at 416, as I firmly believe it is all a bull trap. Best of luck in your trading!
Look Out for Bull Trap!Looking at weekly QQQ: In the last recession, after confirming it via Sep 2 EMA crossing, we saw within 2 months of that crossing a very nice bull rally week. But it's a trap! We can see it was a trap by waiting for the week to play out & notice that BBPower was very weak, as shown via yellow circles.
The bulls now are fatigued from the bears & want to get over this recession already, but make sure you confirm bull momentum is there before going back in, whether you are getting out of shorting via SQQQ or going long with TQQQ. We recently confirmed this recession from the Jun 6 EMA crossing, so be patient.
bull trap to 22.3k, 200 WMA, weekly close in 4 hoursYesterday I gained 300$ from shorting BNB, today I lost 535$, I don't know anymore. I short at absolute of absolute bottoms, then long absolute of absolute tops, this comes from having an idea that X rejects at price Y, and from reaching price Y, I invalidate my trade then follow with opposite, while my previous wasn't invalidated
We either reject from here and first weekly close below 200 WMA, or we go up and close above it, scam pump, before retesting 20k.
RSI says we need correction. I don't know, I don't know, I don't know anymore. Im confused.
I am LONG till 22k, then opening a short. Who joins me!
[USDJPY] A big drop after a HH?- Expecting USDJPY to get rejected by top of the parallel channel and make a HH.
- Regarding recent patterns that have appeared in many commodities such as crypto, stocks, futures and FX, being aware of a possible bull trap or a whipsaw is important.
- Entering short at the top of the red channel or after re-entering blue trend line might be some good trading setups.
B | Wave Projection | Downtrend channel breakout Price action and chart pattern trading setup
> ABC Zigzag wave correction with a breakout at wave 4 downtrend channel
> Target downtrend zone at Fibonacci 1.0 extension - 0.45 baht price
> A possible upcoming bullish divergence for wave 5 with ending diagonal pattern
> Wait for retest at the low position?
always trade with affordable risk and respect your stoploss
Update on Previous ideas. Bull TrapPrice is not showing bullish strength.
THERE IS NO CONTINUATION IN bullish momentum and price is facing massive rejections from top of range.
Do remember, what does achieves MAX PAIN ?
Longs are trapped and by using them market would go down.
Longs want 37k or more but BTC is not even breaking 32k.
Majority like myself were hoping after seeing couple of pump for big breakout but doesn't seem like it.
I am being honest and telling you what i know.
LONGS are trapped.
SHORTS are having a field day and LONGS are the ones who would suffer MAX DAMAGE.
Therefore, be warned long.
PLEASE NOTE, i am not saying that be short but have tight STOP LOSSES for now.
Not a financial advice. TRADE at your own risk.
The Bull Case Inside the Overall Bear MarketI had the markets in wave 1532C, but a few things happened late or not at all. In fact, this whole downturn in January was 2 months sooner than I had initially forecasting. Timing the market is hard, and I not perfect. Learning from my mistakes and asking what could have happened or where did I go wrong is what makes me better at all of this. I have missed three calls so far so I began to ask why?
I initially called wave A down prematurely. Instead of calling out the bottom of A, I found what I then thought was the bottom of wave 3 inside of A. Then, I misidentified the end of B, but it happens. I was wrong on A, but for good reason. A would have been a 5 wave pattern down, followed by a 3-wave pattern upward for wave B. I found the 5 waves and 3 waves so I asked what else could this be? The economy is not getting better as long as fuel prices rise. These prices will continue to elevate the price of everything until it is addressed. I had us coming out of this mess a week ago, but the economy and Fed never made sense to me. I assumed it would be a quick end to the war as well. I have been wrong, but why?
I identified 5 waves down but that is because we were in wave 1 of wave A. What the 3 waves for my wave B call was actually the 3 waves of a wave 2 inside of wave A. Everything stemmed from my identification of the COVID crash in March 2020. I marked that anomaly as the wrong wave structure but never felt right about it. I have now re-marked the waves in the chart above and will eventually have all of the statistics to test my newest theory.
I had us about to wrap up Cycle wave 2 inside of Supercycle wave 3. I no longer believe we are that far along. I still have us in Sub-Millennial wave 1 (began June 1877) and Grand Supercycle wave 5 which began March 2009. However, I only have the market in Supercycle wave 2 and Cycle wave A—-both beginning in January this year. I further have us in Primary wave 4 which should end soon and we will likely continue our downward movement below the prior low of 3810.32 before then end of June. This would finally end Cycle wave A.
Next step is a 3-wave structure upward over the next 1-2 months which could top between 4400-4900. I will have more details soon. We will then find the new bottom in a 5-wave downward pattern which will complete Cycle wave C and Supercycle wave 2. This would likely occur 3-5 months after it begins with a low between 3000-3300.
This structure fits much more inline with the economic outlook and fuel prices. The new Congress sits in January in the US as well. As long as Congress and the White House are controlled by differing parties, lopsided legislation capable of harming half the country should not pass. Fuel prices will only get better with unilateral action from the White House, some sort of bi-partisanship, or a majority strong enough to override a veto (this longshot is doubtful, but so were the Bengals to make it to the Super Bowl).
If this structure is correct, the first thing to occur will be a break to the downside within the next 3-5 trading days at the latest. If this structure is wrong, we will move above 4800 before we go below 4000 and I will once again ask why en route to the next theory.
Start of recovery...or just another fakout?Is this the charge we have been waiting for?
I personally see no real change in USA economic sentiment to warrant a reversal. I think it's more in play to revisit the wick down at 25000ish
We had a VERY similar Bullish move during the bounces off 45k in December./January We all know how that ended up.
My SPOT holdings i've loaded in the past week are happy for me to be wrong though :)
Massive Bull Trap - Nasdaq 100 IndexThe 2022 March low is a massive bull trap, signaled by trend breaks and a monthly RSI divergence. The setup here reminds me of 1987.
Check out the Sqzme DIX index to see the balance of OTC transactions (Over-The-Counter trades, conducted by hedge funds, banks etc).
DIX indicates a bull trap to a scale not seen in over 10 years. Heavy OTC buy-side initiation occurred during the 2022 Feb-March dip, similar to after the Covid low.
DIX has now fallen back to historical averages, without any equivalent sell-side activity occurring. This indicates that a significant number of OTC customers are now trapped in losing positions.
What a difficult market...AMEX:SPY
I thought that we broke the neckline nine May, I expected a retest of the neckline, but I did not expect a cross back above.
But what caught my attention is that the rallies occur on light (under average) volume.
Maybe this could indicate a bull trap.
I can not wait for your response and vision on the current market.
I wish you all the best
This is no financial advice.