Get started

Bulltrap

History suggests this is a Bull Trap in the makingEth just finished wave 3 of a bearish impulse, wave 4 will offer price relief to the upside over the coming days with a visit to $3250 - $3300 likely. Eth may even touch $3500 before wicking back down. Wave 5 will see price action testing anywhere between $2300 - $2600 over the next couple of weeks. Price needs to close above $3300 to invalidate this. Previous cycles have seen a capitulation at the end of wave 5 which could see a wick below $2,000, this is followed by a reversal. Blockbullder
INDEX:ETHUSD
by Blockbullder
BTCUSD: Bull Trap Pending ⚠️This is my second sell option to join the market. Please look at my related idea below to see my original idea for sells. If price holds and continues to reject this region, I will consider sells into 20k from here. IF price invalidates this sell idea with won't take a trade and we will simply wait for our first idea below to play out. Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬 🚨 RISK DISCLAIMER: Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use a tight stop loss. -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! ⬇️ --------------------------------------------------------------------------------------------------------
Short
by AlkalineFX
37
Double Top On EURUSD 4-Hour. Will it play out?Good morning! Today, we are on the EUR/USD pair. We are looking at the 4-Hour time frame. It seems we have a double top at play here. However, I’m not convinced about the neck zone ( Liquidity zone ) We have full (pure) divergence across the MACD. We also have a large bullish volume break-out bar. This could mean that it’s a bull trap and that price will move down further which would be added confluence. However, I want to see further impulse lows closing below the neck zone in its entirety before a retrace up to the top of the neck zone. If this happens then I would short this pair at that point and my targets would be the previous price structure which I’ve shown on the chart. It is a Friday so this could take some time to play out. Either way, it’s one to watch as we can always learn from these patterns. Hope you all have a great weekend and I will be seeing you all on the next one!
Short
by TheVortexTrader
Do it like GreeceStudy the greek economy & politics from the period 1990-2012 and you might find a lot of similarities with that is currently happening in the US. Greece experienced a credit boom from 1990-2008, people however were living above their means. We faced the biggest bubble in Greece's economic history during the 1999 when everybody was playing the stock market! and i mean everybody! i remember my father telling me that the biggest sign he saw that the bubble was about to pop was when his mother in law (late 99) came and told him that she wanted to play the stock market as well! When he asked her why she replied: because the other granny across the street is making money... That was the sing! who the hell was left to buy???? Then the bubble popped together with the .com bubble but people were not selling in the contrary in 2003 they start borrowing and selling their houses,farms whatever they had and played all in! because in their mind and in the media that was the bottom! The ultimate buy the dip!!!then we had the golden age of modern Greece! Various outstanding sports events wins! like the Euro 2004, beating the US Basketball Team, and the cherry on top hosting the Olympic Games of 2004, oh boy euphoria was back in the game and this time for good! We were borrowing more and more money to live a life we could not support! our debt got bigger and bigger but when the 08 housing market popped it was time for us to pay our debts! You know what happened next! check the graph here (www.capital.gr) but only till 2012 because then we had to recapitalize our banks 4 times so the graph is not representative of the whole market. From a political perspective the 2 biggest political parties left and right had to form a government together in order go through this tough period. Our debt was restructured and taxation went sky high! especially for the middle class who paid the majority of the bill! How are things now? well we sold almost all our assets to foreign investors/countries for peanuts! we got used after 10 years to a -50% income and prices are something like 100%-200% higher than 2000...
SP:SPXShort
by UnknownUnicorn274312
What will next airline earnings reveal?For the many who have bought up airline stocks, it might be time to take profits, or at least have stop losses in place. I see two signs that Delta's stock will move lower post-earnings 1) At the start of Oct. and Nov. price went over the resistance line and prompted weeks of selling. These were bull traps. 2) On the daily chart, RSI dipped below 33.33 and then reversed under 66.66. This should lead to RSI below 50 and lower prices.
NYSE:DALShort
by OptionsRising
10
Insane Bar pattern Found. HUGE 911 look asap BITCOIN emergency Watch what MM crypto says. "Technical target of 20k for breakdown of "H&S" www.youtube.com came out today as of 1/10/22 and what this guy says watch what he says about the h&s youtu.be Im seeing a pump/bulltrap to 47-52k according to this bars pattern. At this point I would take profits and stay safe in USDT if you are in profits. If you are in losses, even at 47k + then i would consider cutting losses. (NOT FINANCIAL ADVICE) You do you, I'm simply giving you a heads-up that has a huge chance of playing out. Don't forget, bitcoin for 2021 is in a rising pattern. Stay Safe.
BITSTAMP:BTCUSD
by UnknownUnicorn31536818
8
BTC (Bull Trap)BTC first rejection on fib 0.786 (47264.39) resistance. i would expect some retracement towards 45954.34 again to retest the support before another attempt to break resistance fib 0.786 (47264.39). The bullish price action started from 21 Dec till 27 Dec forming the HNS pattern with a double top. It's clearly a bull trap and bearish pattern. in order to not be tricked and to have a strong confirmation on trend reversal. BTC has to break above 52K key resistance. BTC 1H
by Cryptoblooming
Big dump is likely to come in the next few daysLow momentum.. Highest laverage since 2 years.. And investors are afraid going back.. So the best move for market creators and whales is to dump it and purge the market in order to move up again. ✅ Liquidate future traders ✅ Crash the market so investors will go back to take adventage of the dump. ✅ And of course whales will be the biggest winners.. Since they will decide where to sell and where to buy.. + Liquidating all long positions and entring the market from the lowest possible price. We may witness a bulltrap and a fake breakout but any other scénario but a big dump means that we are being leaded by a bunch of stupid non greedy whales 😅
Short
by sadekdz90
6
GBPJPY: BULL TRAPThe pair recently broke above its long-term resistance line (see below). But in doing so, it traced out a small double top pattern. That’s very bearish and implies the breakout is basically a bull trap -- all the bulls who chased this breakout are likely to be severely punished when the price suddenly goes the other way. On H4 price is forming a rounding bottom, a bullish pattern, which suggest we will see a short lived bullish move up to the neckline of a Double Top before the price move (much) lower again. This is a very ominous looking double top which will ultimately lead to lower prices overtime. And that’s why I am very bearish with GBPJPY right now. I would look to sell any rallies going forward.
Short
by Dragon_Ball
8
MY 2 TOP BEARISH PAIRS: 1.) EURJPY I always like looking at higher time frame charts because they let me see the whole forest, as only like this I can get a better understanding of where the price is likely to go. And most importantly I like(want) to take a big piece out of major moves as they happen - my overall strategy objective when trading the markets. As we can see on Monthly Chart, the price broke above its long-term resistance line and formed a small double top pattern. This behaviour is very bearish and indicated the breakout is basically a bull trap (all the bulls who chased this breakout are likely to be severely punished when the price suddenly goes the other way). We can see Double Top even better on the Weekly chart where the price has already broke the neckline. However the price has since moved back above the neckiline and it could stay above for a little longer. Nevertheless, due to its Double Top Pattern the price will ultimately move (much) lower overtime. I will be looking for Sell positions on lower time frame.
Short
by Dragon_Ball