Bitcoin CHOP! "Bear trap" or "Bull trap"? $XBTUSD, $BTCUSD: A failed pennant
Observing the $SILVER and $GOLD chart we can see similar chop, and violent shakeouts to our phantom fib level.
In my opinion, I don't think the run is over.
I do believe that if BTC regains the pennant territory, we could chop out some more before a swift leg up.
TRAP
Cardano, Alt-Coins, Don't Be Fooled. Stability Not Here Yet.Quick chart: Don't be fooled, by thinking some stability has come. The price stabilizes, creeps up than suddenly falls. I do not believe the correction is over for the entire crypto market. The entire market is a bit weird, because alt-coins keep dropping. They drop due to fear and instability, then they fall due to Bitcoin rising in price, than fall again when Bitcoin sells. So until there is complete stability, alt-coins may continue to decline in price until there is stability.
Weekly bitcoin very bearish shooting star/doji close is a trap?What if the composite operator/whale(s) set out to enable massive liquidity by shaking out all the weak hands through an algo that created a weekly closing incredibly bearish doji (gravestone/shooting star)? If so, then they should enable the shorts to pile on towards $9700 or so and the squeeze the heck out of them up and through $20k. I'm buying the dips down towards $10k again and keeping a short open in parallel from above. This basically redefines the classic bear trap if true and pans out.
Watch out for getting into hype
We can see the supports.
CD projekt RED went insane with the last E3 conference with Keanu Reeves. Everyone is hyped on the Cyberpunk project. A lot of people wants to buy some stock of that company to earn a lot of money... but whales only wait for a moment like this.
You also can see that on 4h and 1d charts we can see bullish trend bouncing of the red line... but the trend is losing a little its momentum as we can see on MACD chart. Maybe its only a correction ... BUT!
BUT if we look at weekly chart we can see the Double Top with a little bulltrap on the second top... and looking on MACD it's very likely to go back to 162 Zlotys (trend support) or 123 Zlotys (second floor but for opposite trend if it's going to break 162 ZL, maybe its forming a bull flag?)
To sum up... I'm watching this company for some time and it's very interesting to see what will happen. Will the hype push it to the new ATH or a lot of people will be eaten by whales? Let's wait and see.
BITCOIN Whales Will Fool You AGAIN - We Will Drop Even More!Yesterday I gave this Signal to Our Family! D4 is PROBABLY THE one who has been most correct when it comes to predicting the BTC-Market in 2019. But lets go on!
I don't think we are done with our downtrend! You can see how we are caught inside a big Head and Shoulder Formation. We just witnessed a Stop Hunt yesterday to kill the Longs, and I think we will see something similar again.
For our Family I have made another position, and been been so bold and cocky to set a target below 6,000 USD, cause I see the whales want us to break that level. Look how more people still are LONG, and I think they will get another punishment, when we get another drop later.
This can very well be part of the whales new plan! Cause right now, people are still bullish, but IF we go below 6k USD, Dumb Money will convert their narrative.
And THEN we will most likely turn around again and continue our parabolic movement up!!
D4
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Ready to find support? Remember what FOMO can do. I feel like we are at the end of what this run has to offer until we correct and find some support.
We are setting up for a head and shoulders reversal on the smaller time frames.
If the market is this bullish then I think it would be more bullish to see it find support on the 100ma around $6400 before we get a monthly/weekly close above $7400. Then again we could be at 8k tomorrow.
I still see our last high being that $7,300 point on the 4th of September and our next high being this current one. The weekly close tomorrow is important but not as important as the monthly will be.
This tether/bitfinex/binance news is just too much of a coincidence for me.
If all of that resistance is broken that easily, then the support it holds can be broken that easily too.
The weakest hands are of those who fomo'd in.
F&G index: Extreme Greed
NVT is screaming to dump.
Who knows! Hope yall being safe with yo trades.
Everything under control. Was it trap? I warned!Come on.
Everything under control.
Broadening WEDGE enabled.
It was a beautiful BULL TRAP coming out of a large Falling Wedge followed by a False BULL FLAG. Great move. Great trap. Bears are still in control, are not they?
Take a look at my previous STUDIES and they will prove the armed farce. You were warned.
I'M NOT TOP TRADINGVIEW
I'm not a FAMOUS
I do not want your MONEY
I'm here to help you
And in the end I'm the CRAZY!
It was a BEAUTIFUL SHORT SQUEEZE
Short squeeze! Thank youWhat is a Short Squeeze
A short squeeze is a situation in which a heavily shorted stock or commodity moves sharply higher, forcing more short sellers to close out their short positions and adding to the upward pressure on the stock. It implies that short sellers are being squeezed out of their short positions, usually at a loss, and is generally triggered by a positive development that suggests the stock may be embarking on a turnaround. Although the turnaround in the stock’s fortunes may only prove to be temporary, few short sellers can afford to risk runaway losses on their short positions and may prefer to close them out even if it means taking a substantial loss.
I WARNED! SARDINES BOUGHT
Bull Trap is comingCome on TOP TRADINGVIEW!
I will help you. No, wait. Know how to read candles? Or do you copy ideas to sell your signals?
Better start finding another service. This market is dead! Did you understand Without regulation no money will enter here! What is the 700 billionth of the marketcap? Where are they? Why did they run away?
The bottom is farther than you can imagine.
Better not post ideas like ZERO.
Bitcoin goes from 0 USD and goes to 20k is this normal! Blockchain is revolutionary !!!!! LMAO! Now get out of 20 and go to 0 is crazy? OK!
#BTC compare of the fall and its correctionSo, we see a drop to Fib 0.786, but if you look at the entire history of the Bitcoin price movement, you can see larger plums:
in 2011, the price rolled back to -94% (from $ 35 to $ 2),
also this year there is a drain to -83% (from $ 12 to $ 2),
then draining in 2013 to -82% (from $ 259 to $ 45),
then there was a drop in 2015 to -86% (from $ 1140 to $ 150),
and now they have fallen just to -78% (from 19,900 to 4,300), corresponding to the Fibonacci resistance level.
Therefore, to go below the chances are quite real. Level 3000, for example, corresponds to a decrease of -84.9%, and 2000 is equal to -89.9%. Thus, the downtrend may continue, but not without corrections of such drops! The now formed symmetrical triangle from the past post is a warning rather than a further expected forecast. In general, now the picture is bullish, we need a rebound, we need a correction of the fall. Most indicators look positive, we can get an increase to the levels from which we began to fall, but a break above may be a bull trap, after which the price will continue to follow the downward trend.
Ripple, failed breakoutXRP with a nice trap set, will short 9485 sats if we see a return: order block, HVN & breakout failure confluence