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Fakeout

How much fake you want ~ BTCHello traders! This post is all about the fakeness of BTC. From start to end you will only find fake moves. We can't trust anyone in this world. Just kidding. If you look from start to end you will find many fake trendline breakouts, and many fake triangle patterns, you will find all types of triangle patterns failed more than it suppose to win. There are many more patterns like Elliot waves, Harmonic, HH Hl, and LL LH patterns that failed more than it supposed to win. You will find your indicator failed tons of times. Support and resistance failed to hold more than it was supposed to hold. Losing is part of the trading but losing money is not a joke. Is it the market that plays with us or is it ourselves who are playing with our minds? Because a triangle pattern is just an illusion, Indicators are also an illusion to satisfy our fake thoughts, maybe. Just like that Elliott waves and harmonics can also be illusions. Because we saw more times it failed than succeed. Is there any way to succeed more than failure, is there a way to predict everything perfectly. Maybe or maybe not and the best way to find out is to ignore the traditional patterns, and traditional indicators and figure out something new and ask for help from that who have already counted the times you will breathe from your day of birth till the day of death. Well, I was waiting for BTC to pump/dump and it's in a stressful situation. So I thought I should post something different. Good luck for your future trades. Thanks for all your support and likes.
by Aadil1000x
2
BTC is preparing for a fakeoutHello traders! Previously market pumped from 39250 and it was not a true pump. If we look below 39250 there is a true reversal point at 38786 waiting to be activated. The reason I call it a true reversal point is because it's the correct point of reversal and if the market moved up before touching the true point then it's not the true pump. Currently, the market has formed a triangle pattern and I am expecting a breakout of this pattern towards the downside. I always tell you never to go towards the breakout just do the opposite to win. The same thing will happen here the market will give a breakout downwards and as a reaction of traders, it will pump. According to the True reversal point strategy, the market will pump exactly from 38786. The calculation error cannot be more than 50$ means the true reversal point range is 38736 to 38836. Don't forget to hit the like button and follow to stay connected.
Short
by Aadil1000x
23
BTCUSD Price Action H12 ChartYou can check out my view on the HTF BTC trend, by checking out the link to the related ideas section. As you can see, the HTF demand level worked as expected and the buyers pushed the price above the mid-Monday level. However, in order to speak of an uptrend first, the price should clear the 43980 level and should hold the red box area with a retest. Then, we can expect the price to visit the orange level(which is self-explanatory). However, if the price only leaves a wick(which would be a stop hunt and a trap for bulls) at the red box or slightly above, then the traders can assume the selling pressure in this area is still high and can use the same area as a short setup zone.
FTX:BTCUSD
by Stravios
Capitulations or fakeouts are good signalsThis is a long fakeout in the chart of $ENPH. We look at this fakeout after it brakes a trendline and you don't find continuation to the downside after retesting the break. After this, the fakeouts market liquidates many MANY sell positions and call options that they do 2 things: Scare the sellers with bad loses Add tons of liquidity or volume around these prices. Plus, the MACD gives a delayed, but great signal to ATH. And the fundamentals are looking great: www.etoro.com So, I can do 2 things, go for different mini trades in the 4 hours allocating 0.5% to 1.5% of my portfolio and leveraging those either X2 or X5. Or I can go the low-risk option and add a larger allocation, up to 5%, and just let it be there. 1) Short-term trading (swing trades) with low leverage: The Pros of this strat are having more capital to open other trades like BTC (which is moving now) or just having cash for hedge purposes. The Cons is the risky trades as I can lose that capital easier in this way as the short-term trades are usually fewer probability trades. 2) Long-term position with higher allocation. On the contrary, a long-term position is a higher probability trade, not a time-consuming (a simple SL and TP order would do) position, but it allocates a large amount of capital. I'll try to do half and half this time. Let me know what you think about this
NASDAQ:ENPHLong
by CriptoJoe
BTC fakeout and continuation of Wyckoff accumulationAs you can see, we're at the same point as we were in the last wyckoff accumulation, where we broke out of a descending channel only to be rejected at the RSI trendline. I've long been observing that the current drop is a smaller version of the May 2021 accumulation phase and at this very moment, it is behaving the exact same way. We're probably going to get rejected and bleed down to the 43-41k. When comparing the fakeout of May 2021, we reached the upper levels of the Automatic Reaction (AR). If we were to follow this path, we will see a rejection around 51K. History doesn't repeat, but it often rhymes.
BITSTAMP:BTCUSDShort
by AlexWasTaken
11
Higher Trading Range Currently Unsustainable!We've seen BTC attempt to stay in the higher trading range but quickly gets pulled right back into the lower range. I am not bullish on bitcoin until it can trade in the higher range and shows the strengths of breaking out of that one as well. This is essentially a continuous fake out or bear trap happening. Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect! Love it or hate it, hit that thumbs up and share your thoughts below! This is not financial advice. This is for educational purposes only.
BITFINEX:BTCUSD
by rnaofs
4