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TRAP

Do you even...Pinbar?Can you figure out the differences in the three pinbars highlighted...bearing in mind that the shape, length, or colour of the pinbar does not matter in this case. Pinbars occur in the market as a result of two scenarios: 1) When institutional traders place large positions in order to reverse what we call a "trend" 2) When institutional traders take profit off existing trades, this action reduces the "volume" within a candle...hence the wick. Comment if you have questions about pin bars.
by JamesFX
So far btc has boucned beautifully up from the bottom trendline We can see here on the 1 day chart that BTC has bounced with strong support up from the bottom trendline of the symmetrical triangle. Symmetrical triangles usually are more valid by candle bodies than candle wicks but just in case I have found the wick top and bottom trendlines as well. For now I m still long on this. Of course whatever you choose is your own doing as this is not financial advice and simply my own strategy but I still think a break up from this triangle could take us to 6.8-6.9. Thanks for reading!
BITFINEX:BTCUSDLong
by DrDovetail
2
NQ testing important resistance NQ1!See chart for summary. I don't think the market has topped here, but I do think there's an opportunity for short term shorts to nail a momentum move down AFTER a fail at the zone. I included the EMA's here because they provide a good visual tool...a pullback to the 25 EMA + zone + price action fail....that's essentially what I'm looking for. Ideally I'd like to see it developing on the H1 and execute on the 5m tomorrow. That's very specific, and like I said before, I've been burned by the NQ many times on technical setups. This is a algo heavy instrument that's perfected the art of the fakeout + trap. If I'm completely wrong and price busts up through the level, this is still a chart worth studying. Why? Two reasons: 1. Momentum will come into the market here. First step in good trading is to identify when/where opportunities will present themselves. 2. The second step is knowing which direction to pick. I'm a discretionary technical trader...and if I'm clearly trapped, it's a chance to study how the NQ will set up attractively to one side and then slam the other way at the last minute. Either way, watch for the move that's coming.
CME_MINI:NQ1!Short
by structuredtrader
NQ major test coming up (NQ1!)The NQ is one of the trappiest contracts out there, so watch what happens at this level. It's worth zooming in to the 15m just to study the aftereffects in a few days. The longer it builds up near the High WITHOUT breaking it, the more I'll be biased long. If we probe it overnight, I'll be back to cautiously looking. Ideally I either want a naked attack in the morning WITHOUT a preceding spring --> that's mean a short, expecting a trap and a major drop in the market. OR I'd like to see price come down a bit at the open, scoop, and re-attack the High --> that's grounds for a breakout trade. Remember, D1 analysis and shorter time frame execution means different things for different people. Do NOT trade the NQ unless you are experienced...
CME_MINI:NQ1!
by structuredtrader
1
Do NOT Be Fooled By the H & S Pattern Until the Support Breaks !Sure all of the world is noticing is the H & S pattern forming and today is already seems likely that the neckline has been violated and many traders would enter a SHORT position for this pair. However beware of the crucial support that lies just beneath the neckline of this pattern, the crucial 1.14500 level!. Many traders might just get caught out if the price bounces off this crucial support level and therefore being cautious and patience is the only wise choice for many traders. So how to be cautious you ask? well first of all this is just my personal analytical opinion and therefore before taking any rough action please make your own analysis based on your strategy. So the analyzing this pair on the daily chart will provide a lot of noise to make accurate decisions and therefore weekly timeframe suits here as the noise would be greatly minimized. First of all the weekly candles should well close below the 1.14500 crucial support, i doubt it will happen this week and so next week could be vital for this to happen. After the weekly candle has closed well below the 1.14500 level it can be confirmed that the support has been violated and the price is ready to break down further. To make a timed entry into this pair, a slight retracement needs to take place on the daily timeframe so as we can enter the trade. Our SL will always be above the right shoulder. The TP level on this will most likely be at 1.04 level where the next crucial support lies. Overall its a great set up but caution is necessary in this case. If you are already LONG on the USD (swing trade) then i suggest you do not double your risk by going short here as well. I am already SHORT on the NZDUSD (swing trade) and i would not be taking this trade as i do not want double my risks. For those of you who are willing to take this trade please be advised to take caution and be patient. DONT GET CAUGHT IN THE HYPE! Cheers. Follow me if you like the analysis and for FX signals
Short
by FX618Analysis
2
BTC, Is it a Trap!? Calling Admiral Ackbar!Updated chart to remove bearish channel, as we have broken out of that, but drew a new down trend line that we will have to cross out of, in order to start a new bull run. I still like buying in the gold area, if we can get there. As time marches on, we will eventually enter the green long term bullish channel which should eventually force a new rally, but it's almost too perfect, so I continue to watch, wait, and see what happens here. Something to consider is these upcoming battles are really telegraphed and so lots of people are preparing for some kind of action in the coming months. I don't have a good feeling about this. Why? I have no data to show you, but just experience in life tells me that when everything is lining up perfectly and you think it's a given, usually things don't work that way. That's when you get clubbed. So this is the alarm that is going off while I am watching this. Part of me does want to try to place some orders at the bottom of the green channel, just in case you can be lucky and catch a surprise drop down around those levels. still is it a trap? Where is Admiral Ackbar when you need him.. i.imgur.com
COINBASE:BTCUSDShort
by BrentEdward
BTC on the daily - A clearer picture formingAs we take a break and some time to breathe after this relentless bear market, I would like to show some general levels to be on the watch for on the daily: The general trend line support (orange support line) is not a level I take too seriously. With every new low we get, a lot of people just move it down and down and down. I see it as a general level I watch for in order to set targets. However, IF we did indeed found bottom here at 7062 then the trend line support is indeed indicative of a good general support level. The general trend line support, together with the general trend line resistance (here in blue) show a general trend of BTC after its all time high. Bear market? Yes. But what I think is even more important than that, the movement seems to be forming lower highs and higher lows(In other words, a wedge). These lower highs and higher lows are converging towards a point of decision for BTC. If we will then breakout of the larger wedge, then we can see another larger bull run. If not, then long and boring ol' accumulation floor it is! The red bars are what I believe to be stronger resistance, possible future support, levels. Rght now, the large green dildo that blew us out of the 7k range is testing the first resistance level. If we reach near it, I will pay special attention to the 7750 range, as it is apparent confluence between the 0.23 FIB and resistance. As of right now, it is still too soon to see if this reversal is indeed a bounce of the current bottom, if it's a short squeeze or if we are in a bull trap. Based purely and solely on my instinct , as I am waiting for more data to come in, I think we will resume the downtrend to AT LEAST test the 6.9 range.
BITFINEX:BTCUSD
by CryptoPixel
2
Insecure BITCOIN-Bulls Finally Took The First Step- Awkwardness!Dear Friends! <3 Try to remember back when you were a teenager. Exactly - THAT awkward moment when you are with a girl (or a boy), and you are ready to go... And it's almost about to happen. But NOTHING is happening - something is holding back. The INSECURITY from both sides, just makes everything so awkward. She is expecting you to take the first step - you are the man, right? Awkwardness... But.. Finally you take that the fist step, and then.. It worked out well! It wasn't that hard after all, huh? So this is exactly what we have been witnessing with Bitcoin the last week. Nothing has really happened. I told you before about the zone of confluence support and resistance everywhere. We were caught in a small prison where we didn't have much space to maneuver around. The bears have been trapped again and again. First with 3 lower highs (descending triangle), then a clear head and shoulder pattern, which also predicted we would go down, and the whales just went in the other direction and liquidated the shorts. Yesterday I predicted another minor "trap". We were clearly in an ascending wedge and needed a smaller correction, but once again we saw how we immediately went in the other direction and up. AND FINALLY today - an hour ago - we are now here, were the brave bulls took the first step we all have been waiting for! They broke out from the prison and went through the strong resistance at 8,2k-8,4k, and we are now at 8,500 USD. That's the lesson. Forget about insecurity, guys! Confidence is everything! So far I still stick to my prediction from 2 days ago. We will go my yellow circle. But here it will be VERY interesting. Everything is pointing down from there, and we need some kind of retracement. But be aware of another bear trap, my friends! Whales could make another sick trap. Last but not least, as I also mentioned yesterday, there are so much uncertainty with Bitcoin at the moment, that I don't even trade it at the moment. I make a lot of money at altcoins - think about it! D4 Loves you <3 Please give me a BIG LIKE - It will make me happy - and once again, thank you for following me - I REALLY do appreciate it :)
BITFINEX:BTCUSD
by D4rkEnergY
211
Short Bitcoin this week till major supp at 6kHello guys, Short term traders, watch this, if a candle in elipse will close below that triangle line (up) you can short. It´s known as Iceberg Order (manipulation, traders who long it after pullback on triangle line and a bull candle got trapped, market will hit their stop losses soon, is in sight) nice Risk/Reward ratio. Others watch this levels this week, I want to see bitcoin in pump zone. Then we can Long, it is really nice long term opportunity. PS: If there will be panic, we can see bitcoin under 6k (5,5k max) then massive pump and bulls taking control over this market. Herac -give me your feedback guys, thanks -what do you thing about BTC nowdays?
BITFINEX:BTCUSDShort
by herac
Bitcoin Resonance Period and The 20k Pump Trapfirst im not experienced TA in trading but just looked from a technical mechanical curve theory Briefly i see that Bitcoin Never reached 20k in real and the right value nowadays about 10k-11k I Assumed that the area in red box is just a resonance period kindly google it (resonance curve) which caused buy a forcing pump to 20k USD let us assumed bitcoin just reached 5-6 k USD in 2017 smoothly and was correcting last two month uptrend and downtrend from 5 -6 - 7 - 9- then 6 then 7 - 8 - 9 -10 - 11 and now correcting to 8-7 last two months was just a period for btc to return to stability after that resonance so i think the curve in white and trend or channel in red is the stable and more real shape from now lets do the following and fly 1: cancel the red box area (RED BOX RESONANCE area) 2: follow the chart as it hasnt reach 20k usd before 3: the actual price nowadays is about 10-11K and is correcting for it and will down to 7k and come back to pass 11k and reach 12-13 ten corect....etc 4: targeting about 20k this coming is it more logic
Long
by selfanswer
Redd Coin (RDD) BUYER BEWARE!! DO NOT BUY!RDD/BTC You may have seen this in the past when the order and sell books fill up either side with large orders. If you enter into this coin you won't be able to sell out unless you lose 1 sat per coin you hold. The books have been loaded and you will be trapped this is on Bittrex. This is a warning to all traders check buy and sell books before you buy! Make sure to Follow Dollars and Senses as we are here to look out for you!
by DollarsAndSense
28