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Honeywell: Honey's Well or Unwell? - If you are a layman with some knowledge of charts and price action, This chart looks good, Doesn't it? - It finally broke the trendline starting in March 2021. Breaking a 2-Year Trendline - With Bulls charging the markets, everything looks lucrative. Now that investors are getting greedy, Caution is advised. - If you look closely, The price is taking resistance at a crucial resistance zone. See the long wicks on all the prior tests of this zone? - Say the price breaks and sustains over it, we have another resistance waiting at a mere 5% up move. - Will it be able to break both resistances in one go? Maybe, Maybe Not. - Is it wise to enter now and hope that it does? Or should we wait for both resistances to be taken out and let the price sustain over it? - I would go with the latter. - Don't get me wrong. I like this company. I just don't like the price action at this point. What are your thoughts? Feel free to comment. If it helped, Do Leave us a boost 🚀 Disclaimer: We are not registered advisors. The views expressed here are solely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
NSE:HONAUT
by TheChartereds
2
Mcdowell Hangover ?- It has been in a sideways channel for almost 2 years with clear support and resistance zones - It showed strength in the initial phase of this week but at the end got hung over Literally, upside down. - In the end, the price was prevented from breaking the trendline. Buyers appear trapped if the momentum changes sides. It did weaken the upside momentum for now. - Despite the trendline breakout ( Say If it had), It would have been wise to wait for the resistance zone to break and the price to sustain over it. - Even now It has 50 - 50 chances but maybe for us, it's a bit of red bias. What is your take on it? Feel free to comment. If it helped, Do Leave us a boost 🚀 Disclaimer: We are not registered advisors. The views expressed here are solely personal opinions. Irrespective of the language used, Nothing mentioned here should be considered as advice or recommendation. Please consult with your financial advisors before making any investment decisions. We like everybody else, have the right to be wrong :)
NSE:UNITDSPR
by TheChartereds
Bearish Movement expected. Dont be the Liquidity! pt4Look to all this Negative Delta. We are on Daily TF. BTC will fall and I strongly suggest that you protect your capital. When media is fully bullish, and everybody is talking about BTC going to the moon and the bullish effect of Halving.. thats the moment when MMakers will rekt almost everybody. Remember this wise phrase: buy with the rumor and sell with the new. Even if we see a bullish manipulation to the upside, everything is pointing to lower prices. Below actual price there is a lot of available Liquidity and it needs to be recapitalized. Bearish signs are present since days ago. This is my 4th Update trying to warn people. Be careful.
BYBIT:BTCUSD.PShort
by Zuhru
BTC starting the wave C down. TRAPThey are feathering the wave B on you now IMO. Make sure you have your stops close. Better to take small wins and no losses. I was all in last night and pulled out before Easter service today for more than +1% of my entire accounts. Happy Easter folks!! I believe we should take the low and bounce at 46 - 58k before we take the highs. Diamond patterns on average move 19%. I believe they are exhausting the buyers at the moment and planning an huge dump. Possibly the restart type. Governments don't want crypto, you do and 80+% must take the L in this game. PLAY SAFE!! NOT FINANCIAL ADVICE!!!!!
COINBASE:BTCUSD
by Polarbearman
7
BTC time for the stop loss hunting to start.Can you hold for potentially 10years before seeing a return to these prices? Do you think the game is to make you rich?? GTFO The creators of it might be being held from us. I like the concept BUT it's a little main stream nowadays. Crypto was cool AF back when I was buying BNB at $7... Held that for over 4 years to see a return = $285 - $390 & I sold early lolz. Anyways I'll still swing trade some crypto here and there but I am basically out. Hope you all become rich and not sad from it. PEACE BE WITH YOU ALL!! NOT FINANCIAL ADVICE!!!
COINBASE:BTCUSD
by Polarbearman
4
Triangle Pattern Trading: A Trap for NewbiesThe triangle pattern is a popular chart pattern that is often used by technical analysts to identify potential breakout opportunities. However, traders should be aware that the triangle pattern can also be a trap for unsuspecting beginners. Why the Triangle Pattern is a Trap One of the reasons why the triangle pattern can be a trap is that it is a very subjective pattern. There are no hard and fast rules for identifying a triangle pattern, and what one trader might identify as a triangle pattern, another trader might not. Another reason why the triangle pattern can be a trap is that it is a very common pattern. This means that there are many opportunities for traders to trade this pattern, which can lead to overtrading. Overtrading is a common problem for beginners, and it can lead to significant losses. Smart Money Traders and the Triangle Pattern Smart money traders are aware of the fact that the triangle pattern can be a trap for beginners. They will often use this pattern to their advantage by creating false breakouts and trapping beginner traders into losing positions. Here are four examples of how smart money traders use the triangle pattern to trap beginners: NEO: formed a bullish triangle pattern. However, the price broke out of the pattern in a fake breakout and then reversed sharply, trapping many beginner traders who were buying the breakout. RVN: Rformed a symmetrical triangle pattern. The price broke out of the pattern in a fake breakout and then reversed sharply, trapping many beginner traders who were buying the breakout. DYDX: formed a descending triangle pattern. The price broke out of the pattern in a fake breakout and then reversed sharply, trapping many beginner traders who were buying the breakout. TRX: formed a bullish triangle pattern. However, the price broke out of the pattern in a fake breakout and then reversed sharply, trapping many beginner traders who were buying the breakout. How to Avoid the Triangle Pattern Trap There are a few things that traders can do to avoid the triangle pattern trap: Be aware of the subjectivity of the pattern. There are no hard and fast rules for identifying a triangle pattern, so traders should be careful not to get too caught up in trying to identify this pattern. Don't overtrade. The triangle pattern is a very common pattern, which means that there are many opportunities to trade this pattern. Traders should be careful not to overtrade this pattern, as this can lead to significant losses. Be aware of smart money traders. Smart money traders will often use the triangle pattern to their advantage by creating false breakouts and trapping beginner traders into losing positions. Traders should be aware of this and be careful not to fall for these traps. Conclusion The triangle pattern can be a useful tool for identifying potential breakout opportunities. However, traders should be aware that this pattern can also be a trap. By understanding the reasons why the triangle pattern can be a trap, and by taking steps to avoid these traps, traders can protect themselves from significant losses.
Education
by Yaroslav_Krasko
4
Turning Traps into Profitable Opportunities ! TOP 3 PATTERNSTrading traps are a common occurrence in the cryptocurrency market. They can be created by a variety of factors, including market manipulation, technical analysis, and psychological biases. While traps can be dangerous for traders who are not prepared, they can also be a source of profit for those who know how to trade them effectively. In this article, we will discuss three common trading traps and how to trade them profitably. We will also discuss how traps are created and how they can be used to your advantage. What Are Trading Traps? Trading traps are false movements in the price of a cryptocurrency that are designed to trick traders into taking a position in the wrong direction. They can be created by a variety of factors, including: Market manipulation: Market manipulators may create traps to trick traders into taking positions that are in their favor. For example, they may buy a large amount of a cryptocurrency to drive up the price, and then sell it off quickly to create a sell-off. Technical analysis: Technical analysts may use traps to take advantage of traders who are following technical indicators. For example, they may create a false breakout of a support or resistance level to trigger stop-loss orders. Psychological biases: Psychological biases, such as fear of missing out (FOMO) and fear of loss (FUD), can also lead traders to fall into traps. For example, a trader who is afraid of missing out on a potential bull run may be more likely to buy into a false breakout. In the example above, LINK was trading in a horizontal range for several months. The price then broke below the lower range boundary, which was a sign of a potential bear trap. However, the price quickly reversed and re-tested the lower range boundary. This was a good opportunity to enter a long position, as it showed that the trend was still in place. How to Identify Trading Traps There are a few things you can look for to help you identify trading traps, including: Volume: A sudden increase in volume can be a sign that a trap is being set. This is because market manipulators or technical analysts will often need to buy or sell a large amount of cryptocurrency to create a false movement in the price. Price action: A false breakout or fakeout is often accompanied by a sharp reversal in price action. For example, a false breakout of a support level may be followed by a sharp sell-off. Technical indicators: Some technical indicators, such as the Bollinger Bands, can help you identify potential traps. For example, the Bollinger Bands may widen before a false breakout, which can be a sign that a trap is being set. How to Trade Trading Traps Once you have identified a trap, you can trade it in one of two ways: Long trap: If you believe that the trend will continue, you can enter a long position on the re-test of the breakout level. Short trap: If you believe that the trend will reverse, you can enter a short position on the break of the breakout level. Examples of Trading Traps 3.1 Triangular Trap Unveiled: Discuss the bearish implications of descending triangles in technical analysis and their potential use as manipulation tools. Explore how market manipulators engineer these patterns to trigger artificial stop-losses. Case Study: NEAR's Triangular Intricacies: Analyze NEAR's descent within a descending triangle and its unexpected breakout. Offer insights into the motives behind orchestrating such traps and how traders can leverage these market dynamics. Here are some examples of how trading traps can be created and traded: Shakeout trap A shakeout trap is a false breakout that is designed to trick traders into taking a position in the wrong direction. For example, a cryptocurrency may be trading in a horizontal range for several months. The price then breaks below the lower range boundary, which is a sign of a potential bear trap. However, the price quickly reverses and re-tests the lower range boundary. This is a good opportunity to enter a long position, as it shows that the trend is still in place. Fakeout trap A fakeout trap is similar to a shakeout trap, but it occurs after a trend has already begun. For example, a cryptocurrency may be in a bull market. The price then breaks above a resistance level, which is a sign that the bull market is continuing. However, the price quickly reverses and re-tests the resistance level. This is a good opportunity to enter a short position, as it shows that the bull market may be coming to an end. Reversal trap A reversal trap is when the trend of a market changes direction. For example, a cryptocurrency may be in a bull market. The price then breaks below a support level, which is a sign that the bull market is ending. However, the price quickly reverses and re-tests the support level. This is a good opportunity to enter a long position, as it shows that the bull market may be resuming. The Art of Spotting Fakeouts: Define the concept of fakeouts and unveil their potential as precursors to bullish movements. Offer insights into distinguishing genuine breakouts from manipulative traps set by market actors. Case Study: ZIL's Quick Turnaround: Uncover the Zilliqa (ZIL) chart, examining the deceptive fakeout beneath a pivotal horizontal level. Emphasize the strategic importance of waiting for a retest post-fakeout as a confirmation signal. Conclusion Trading traps can be a dangerous but profitable part of cryptocurrency trading. By understanding how traps are created and how to identify them, you can increase your chances of trading them successfully. Additional Tips for Trading Trading Traps Use stop losses: Stop losses can help you limit your losses if you are wrong about a trade. Be patient: Do not rush into a trade just because you see a trap. Wait for the
Education
by Yaroslav_Krasko
2
GRT : Bear Trap and Ascending channelThe journey of Graph (GRT) has been marked by a strategic escape from a bear trap and a subsequent ascent into a bullish parallel channel. Let's delve into the dynamics that unfolded, highlighting GRT's resilience in the face of adversity. Key Events: Bear Trap at $0.08: GRT found itself in a range-bound scenario, with a crucial support level at $0.08. A sudden and sharp drop below this level initially appeared bearish, creating a trap for unsuspecting bears. Swift Recovery: Contrary to the bearish indications, GRT showcased remarkable resilience by swiftly recovering from the bear trap. This rapid rebound hinted at strong buying interest and a potential change in market sentiment. Technical Analysis: Formation of a Bullish Parallel Channel: GRT's price action post-bear trap reveals the emergence of a bullish parallel channel. This channel signifies a more controlled and sustainable upward movement, often indicating a positive trend. Successful Swipe from Previous Day's Low: GRT strategically executed a swipe from the lows of the previous day, adding to the bullish narrative. Such swipes often serve as confirmation of support levels and fuel the next leg of the upward move. Trading Strategies: Channel Trading Opportunities: Traders may explore opportunities within the bullish parallel channel, considering long positions as the price respects the channel boundaries. Identifying potential reversal or continuation patterns within the channel can aid in tactical decision-making. Monitoring Key Levels: Keep a close eye on critical support and resistance levels, including the $0.08 level, which previously acted as a pivotal point for GRT. Breakouts or breakdowns from these levels could signal significant shifts in market sentiment. Conclusion: Navigating GRT's Bullish Trajectory GRT's ability to rebound from a bear trap and establish a bullish parallel channel underscores its resilience and appeal to market participants. Traders can leverage these insights to devise strategies that align with the current market dynamics. 🚀 Escaping Bear Traps | 📈 Bullish Parallel Channel | 💡 Strategic Trading Approaches 💬 Share your perspectives on GRT's recent price action and your strategies for navigating its bullish trajectory! 🌐✨
Long
by Yaroslav_Krasko
2
BLUR: Manipulative Moves ! 🌐📉🚀Today, let's cast our spotlight onto a fresh contender in the crypto arena—BLUR. Despite recently joining the Binance exchange, BLUR has wasted no time in showcasing its distinctive character, creating waves with its unconventional market behavior. Join me as we unveil the stealthy moves of this intriguing newcomer. 🔄💼 Deciphering BLUR's Market Dynamics: New Kid on the Block: Recent Binance Listing: BLUR has recently entered the illustrious realm of Binance, gaining attention for its unique market tactics. Sweep of Low – Market Mastery: Strategic Maneuver: BLUR employs a fascinating tactic known as the "sweep of low," a calculated move to capture liquidity at lower price levels. Ruthless Efficiency: This maneuver can lead to swift market exits for unsuspecting participants, creating an environment where only the vigilant thrive. Strategic Insights and Trading Considerations: Market Caution: Inherent Volatility: BLUR's market behavior suggests a level of volatility that demands caution. Sharp Movements: Be prepared for sudden and sharp price movements, especially during and after a sweep of low. Analyzing the Patterns: Watchful Eye: Keep a watchful eye on BLUR's chart for patterns associated with liquidity sweeps and subsequent price surges. Learning Opportunities: Understanding these patterns may present unique opportunities for traders who can navigate BLUR's market dynamics effectively. Community Vigilance: Stay Informed: Community Awareness: Keep an ear to the ground within the BLUR community for insights and announcements. Dynamic Market: The dynamic nature of BLUR's market requires continuous monitoring and adaptability. Conclusion: BLUR emerges as a unique and enigmatic player in the crypto space, showcasing unconventional strategies and market behavior. Traders and enthusiasts alike should approach BLUR with a discerning eye, appreciating the potential opportunities that arise from its distinctive moves. May your crypto endeavors be as mysterious and rewarding as the journey with BLUR! ❗️Get my 3 crypto trading indicators for FREE! Link below🔑
by AlexWhale
2
📈 BTC: GROW after Liquidity Trap! Bitcoin, the flagbearer of the crypto realm, is currently demonstrating a masterful dance within an ascending channel. Beyond the technicalities, there's a fascinating interplay of liquidity that savvy traders are watching keenly. Let's unravel the dynamics of BTC's ascent, the lingering liquidity, and what it implies for the next upward swing. Chart Analysis: BTC's Ascending Channel Strategy BTC has established itself within a well-defined ascending channel, a testament to the underlying bullish sentiment. However, the artistry lies not just in staying within the lines but in the strategic maneuvers within this channel. As BTC glides higher, there's a deliberate leave-behind of liquidity beneath, setting the stage for a cleaner upward trajectory. Liquidity Tactics: Setting the Stage for a Surge One intriguing aspect of BTC's current movement is the deliberate creation of liquidity pockets below the lower boundary of the channel. This isn't accidental; it's a tactical move to clear out lingering long positions. By doing so, BTC aims for a more decisive and sustainable upward movement, unburdened by overhanging positions. Trading Strategy: Anticipating the Clear Run For traders navigating the BTC landscape, recognizing the channel dynamics and understanding the liquidity strategy becomes crucial. Anticipating the potential sweep of these lower liquidity zones and a subsequent retest around the $33,000 mark can provide strategic entry points for those eyeing the next leg of the bullish journey. Conclusion: BTC's Precision Play BTC's ascent within the ascending channel is more than just a technical pattern—it's a strategic play of liquidity dynamics. The deliberate actions to clear out positions below the channel suggest a meticulous approach to ensure a cleaner and more robust upward movement. As BTC continues its precision play, traders are on the lookout for the anticipated surge beyond $33,000. 🚀 BTC Analysis | 📉 Liquidity Sweep Strategy | 💡 Ascending Channel Tactics ❗See related ideas below❗ Are you ready to ride the precision wave with BTC? Share your insights, strategies. 💚🚀💚
Long
by Yaroslav_Krasko
5
The Volume Trick: A Bullish Mirage 📈Trading cryptocurrencies often requires deciphering the subtle cues that the market offers. One such phenomenon is the apparent decrease in trading volume while prices continue to climb. While this may seem like weakness, it can, in fact, be a trap for shorts and a strong bullish signal. Let's dive into this intriguing market dynamic. Understanding the Volume Puzzle: Trading volume typically reflects market participation and strength. A decrease in volume might suggest waning interest or weakening momentum. The Deceptive Setup: Sometimes, as prices rise, trading volume shrinks, creating the illusion of market fatigue. This scenario may lead short-sellers to believe the market is losing steam. The Reality: Contrary to appearances, this setup often serves as a trap for shorts. It may signify that long-term holders are not rushing to sell, indicating strong hands. The Bullish Implication: A market that can sustain or increase prices with lower volume is demonstrating resilience. This can be a precursor to a significant bullish move. Trading Strategy: Navigating the Volume Mirage Traders should exercise caution when interpreting volume patterns. A decrease in volume amid a price rise should not be automatically seen as bearish. Risk management remains vital, as markets can be unpredictable. Conclusion: The Volume Illusion Recognizing the subtleties of trading volume can provide valuable insights into market dynamics. When volume decreases but prices continue to rise, it often confounds short-sellers and sets the stage for a bullish surge. Remember that trading is both an art and a science, and making informed decisions is key in the crypto landscape. Stay vigilant, adapt to changing conditions, and, above all, trade wisely. As we navigate the complexities of the crypto market, let's keep an eye out for these volume tricks that may just be a prelude to a bullish rally. 📊🚀🌐 ❗See related ideas below❗ Don't forget to like, share, and leave your thoughts in the comments! 💚🚀💚
BINANCE:BTCUSDLong
by Yaroslav_Krasko
"HODL" Mentality: Lessons for TradersThe HOMie Mentality: Buying at ATH Many novice traders, or HOMies, fall into the trap of buying a cryptocurrency when it's near its all-time high (ATH). They're influenced by FOMO (Fear of Missing Out) and jump into the market without a clear strategy. Market Dynamics: Understanding the Cycle Cryptocurrency markets follow a cyclical pattern of ups and downs. Novice traders often enter during the euphoric "FOMO" phase when prices are at their peak. The Emotional Rollercoaster: Avoiding HOMie Mistakes To avoid the HOMie trap, it's crucial to detach emotions from trading decisions. Create a clear strategy with entry and exit points, and stick to it. Risk Management: Protecting Your Investments Novice traders should prioritize risk management. Only invest what you can afford to lose, and avoid putting all your funds into a single asset. Education: The Key to Success Novice traders can transition from being HOMies to informed investors by educating themselves. Learn about technical analysis, market cycles, and different trading strategies. Conclusion: From HOMie to Trader The HODL mentality can be a valuable strategy when used wisely, but it shouldn't lead novice traders to make impulsive decisions. By understanding market dynamics, managing risk, and educating themselves, HOMies can transform into informed traders who navigate the crypto market with confidence. Remember, successful trading takes time and patience, and every trader, even the most experienced, started as a novice. 🌐📈💡 ❗See related ideas below❗ Don't forget to like, share, and leave your thoughts in the comments. 💚🚀💚
Education
by Yaroslav_Krasko
1
Power of Bullish Divergence 📈Divergence, a powerful concept in technical analysis, has been making waves in the world of Bitcoin trading. Recently, we witnessed a remarkable 90% surge in Bitcoin's price, driven by a bullish divergence pattern on the weekly chart. In this post, we'll delve into the significance of this pattern and explore the potential outcomes of a similar bullish divergence on the daily Bitcoin chart. Weekly Chart Bullish Divergence: A bullish divergence occurs when the price of an asset makes lower lows, while a relevant technical indicator, in this case, the Relative Strength Index (RSI), forms higher lows. In simple terms, it suggests that while the price is weakening, the momentum is picking up, potentially indicating a trend reversal. The recent bullish divergence on the weekly Bitcoin chart was a game-changer, leading to a substantial 90% price increase. Daily Chart Potential: Now, let's shift our focus to the daily Bitcoin chart and what we can expect from a bullish divergence on this timeframe: 50% Potential Gain: While it's difficult to predict exact price movements, historical patterns suggest that a bullish divergence on the daily chart could lead to significant gains. Confirmation Needed: Remember that trading based on a single indicator can be risky. It's essential to confirm the bullish divergence with other technical indicators or chart patterns for added reliability. Risk Management: Maintain a disciplined approach to risk management. Determine stop-loss levels and position sizes based on your risk tolerance. Caution and Patience: The crypto market is known for its volatility. While bullish divergences can be strong signals, they are not foolproof. Be patient and wait for confirmation before entering a trade. False signals can occur, so consider using multiple indicators to cross-verify your analysis. Conclusion: The recent 90% growth following a bullish divergence on the weekly Bitcoin chart showcases the power of this technical pattern. While it doesn't guarantee future success, it provides valuable insights into potential trend reversals. As we look at the daily chart, the prospect of a 50% gain from a similar pattern is intriguing. However, exercise caution, practice strict risk management, and consider multiple factors before making trading decisions. Trading in the crypto market is exciting, but it's also challenging. Stay informed, stay analytical, and remember that a diversified approach and continual learning are keys to success in crypto trading. 🚀📊🧐 ❗See related ideas below❗ Like, share, and leave your thoughts in the comments! Your engagement fuels our crypto discussions. 💚🚀💚
Long
by Yaroslav_Krasko