Traders, In this weekend's video, I am continuing my cautionary tale. You'll remember in my last video that I went all contrarian on you regarding the Bitcoin ETF approvals. I was not necessarily bearish. But I am not necessarily bullish either. I am only observing some indications on the charts that warrant caution. And thus, I stated that we need to be prepared...
This is what we will be discussing today, and we are going to study both its technical and fundamental reasons and subsequently to derive why it is a bear trap? Or could it be a new bull in the making? I hope this tutorial will be helpful, in enabling you to read into the market with greater clarity. I have started a trading series, purpose for trading into...
The first of many... Solana's chart with an Elliott Wave perspective
Hi All, my main 3 take-outs from this analysis are the following: 1- Despite the huge volumes in the recent drop, I personally feel like this might be a bear trap 2- Inside candle pattern which might mean reversal anytime soon 3- Big descending wedge on the daily chart with take profit projection at all time high. Not a financial advice, just personal opinion....
6.10.21 TSLA: This is an overview BUT! I want you to look at what I thing was a Bear Trap. This may not be an official name for it...but if you follow the thinking, many people will see the logic: there is NO DOUBT that the smart money will set up patters that attract unsuspecting retail traders into making the wrong decision. I think this is one of those...
Updated video on Bitcoin. We have had a 'nice' combination of Bull Trap-Bear Trap with the price going sideways and scaring away buyers and sellers but volatility is about to kick in. Take a look at the video and let me know your thoughts. the FXPROFESSOR
There was panic around high noon UK time, as news broke that the IRS will be sending warning letters to American cyrpto traders. This caused a dump on BTC and shockwaves were felt throughout most of the cryptosphere. But hold on - the IRS does not rules the world! This dump could well make BTC and other major cryptos very attractive to international investors...
A lot needs to happen this weekend.. BTC needs to break a major zone of resistance with a double top having formed. If it does not do that in the next few days than most likely it will have a correction with a negative 19.32% correction back down, which could finally put bitcoin at a final price of approximately $7,958... 3 Major targets identified on this...