Reached 2903.77; precalled 2903.5 the night prior. Pretty snug fit- right at trendline. Expect some pullback to fill the gap up from 2875 and possibly to lower S1 support at 2862. I would be be cautious for Bear Traps, don't get caught in the pivots! Good luck- This is not investment advice it's purely an educational post, enjoy!
As we see, the first target has reached, 38% fib (just a shadow, but hit). Now... Btc could hit again 38% fib and test it a little dip than before. But.... By Rsi divergence, on 30 minutes chart, btc should be at least 7780,00, what means: 1 - An trap is going on. 2- If people believe on that fall with great volume, it could break that RSI divergence and really...
A few pips to the north and then hopefully further.
Hello once more, Here is a possible outcome for the short/medium term. It took months to get to this point, where the triangle has a break-out. It seems to me that the downward breakout is a bear-trap and we might just be looking at an inverse Head and Shoulder - following with some upward movement. I am a beginner, so this is not financial advice. I would...
at least we know we are closer to the bottom than high :P. seriously if you want to just buy and hold, do it. it can drop to what ever lvls it wants but the pump will be so fast you would probably miss these lvls. i would though recommend not to margin trade it at these prices. if you are short or long this trap is for all.
Hello my friends :) You have a chance to quit the market before another bear trap !!! You have to know that if the market passes a support line after a long time, it becomes a very strong resistance line.
Bears want us to not break out of this down trend channel. They put up huge sell walls, but seems like Bulls are buying into them. It is a true battle right now, pretty exciting. I have a feeling we may get a nice little break out here, but it could be a bull trap.... followed by a Bear trap? Whatttt , the mind games
...but you never do know... could still see retest of trendline even after big 300+ surge today - expect more volatility near-term, but this pivot at 24,361 on Dow likely marks beginning of upwards march back to 26.6k+ full recovery could take months, but first leg up will be pretty steep, look for a rapid rise to around 25,500 - to the resistance Fibo above the...
We may have just hit bottom for the time being. Looks like a bounce spot once bulls feel comfortable. Strong support right below us, i have doubts we will break it on this run. If we do 7200 - 7150 area is the next support which happens to be fortified diamond titanium extract support
Last night i uploaded a chart like this before deleting it. I deleted it because i noticed a BTC wallet transferred 44k bitcoins. I was worried this entity was going to dump, but so far so good. He could just be buying alts with it who knows ... What i am seeing in the live trading is Bulls showing strength. MT gox scumbag better not come and ruin the show!
The drop from the Bearish Gartley BTC just had was caught quickly by the bulls, and although there are a few bearish indicators, such as the MACD on the 1D, overall BTC is still showing more bullish than bearish signs. Bulls have repeatedly held price above the 50% line inside the large consolidation pattern it is in, and just broke upward out of a smaller...
Dear Friends :) I have the last couple of weeks, warned you again and again about extraordinary high manipulation in the Bitcoin-market (BTC/USD). I received earlier today a link on Twitter to a blog on Steemit, where a guy documents, how a group of whales are discussing, how to manipulate a market. I therefore decided to spent a lot of time to analyze the last...
Hi everyone, So regardless of what some indicators want to show, doesn't seem like bulls want to let this fall after all their hard work. They want to start off that fomo run so they can sit back and watch everyone make this thing take off. I can see some side ways upwards action, forming a Bullish flag. As you can see there was a big bear trap, the rising wedge...
Bears have failed multiple times to drop BTC 0.95% , even after it broke out of the large rising wedge on higher timeframes, which is a highly bullish signal. Market cap has increased to 400 billion and bulls are persistently pushing to complete the 5th wave. If we take fibs from the first wave's initial large pump, we see that we hit the 127 extension, then...
This is noooot goood. Russian doll MTF bull trap with mini-bear traps inside.. across the board in crypto, stock, & commodities!
Trend line created and crossed down in 2017. Same happening right now! We spiked right through. Just look at the Similarity of 2017 and 2018. I think this is really not coincidence.
You may be wondering: Why the sudden price action in what looks like a clear down trend? Why did Pantera move the market? The short answer is: The Great Bear Squeeze. They have eliminated like 40% of the whole bear population in just a single swift move. Easy money. At first they went short. They painted a triangle at the bottom of a down trend and tricked the...
Disregarding the bullish market sentiment currently, I still don't believe we're out the woods yet. Why do I feel like this is a bear trap? Look at all the lows that still haven't been taken out. Price also just reached a D1 -OB and is heading towards the high of the weekly range + a psychological resistance level. Look at the two voids that STILL haven't been filled in.