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Bulltrap

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 Philoslother
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
BTCUSD LIQUIDATED (CHART UPDATE)LOST IT ALL FOR GOOD NOW GOT LIQUIDATED OF MY LAST CAPITAL😌 IF this helps you out pls consider a donation Im sorry I just don't know what to do at this point. Put the last of it into DENT 0.0058 entry got liquidated at 0.0043 bottomed out at 0.00395 on futures. Didnt anticipate BTC dropping below 46K and now I've got no capital and dont know what to tell my mum. BTC: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20) 159F3K5sZYnAQC4qt929jkkXKfSgNmukbq ( BTC ) ETH: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20) 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (ERC20) LTC: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20) LdH9QfYsPYcjm5hAXfDQrS9Pmmr9QHu8Py (LTC) USDT: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20) 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (ERC20) TH6nuZUjRakTV7bA25Uk8AVZe5pLSSxMix (TRC20) bnb136ns6lfw4zs5hg4n85vdthaad7hq5m4gtkgf23 (BEP2) -> MEMO: 106029441 I honestly appreciate all donations. Im really down bad. My first year and lost 90% of my capital. starting balance was $1000. learnt about leverage a month ago and got greedy with it. was going to use litecoin to make it all back but price didnt meet my entry now im stranded. The learning process has been gruesome but I've learnt the hard way. just need to figure out how to tell my mom i lost all her money. Panicking, dont normally do stuff like this but i dont know anyone so i resort to this. THANK YOU IN ADVANCE. Worth a shot.😥
BITSTAMP:BTCUSD
by RektMyMom
9
BTC/USD ABC Correction in PlayLikely BTC/USD ABC correction in play. Notice the confluence of extensions and key levels. If compared to the 4 hour downtrend line (in white), a bounce to 56k would still make a daily downtrend valid. Meanwhile the recent bounce off of $47.1K could be a potential support but the more likely scenario is a bear flag and an ABC dead cat bounce. Zooming out to the weekly we see fractal patterns resembling a bear flag with further downside in play. Volume candles on the recent capitulation dump prove notable but not convincing. The recent break below the orange trend line shows a potential bull trap fake out last week followed by a Friday night massacre on the markets. Useful is a comparison the the ETH/USD and ETH/BTC charts when compared with ETH.D dominance which recently peaked at 22%.
Short
by Shadowfigure