So, today's price action was amazing. Here are my take aways: 1- Price fell 7.37% ($2.300) below the trading range. It seems a bit much considering the tiny upthrust. = Bearish 2- Price fell below preliminary support and made a new low = Bearish 3- Monthly support was breached = Bearish 4- Volume is dropping while price increase (divergence) = Bearish 5- RSI...
NYSE:AZEK completed a bear trap today after prices recovered quickly back over the support line and 200 EMA . It also showed MACD histogram divergence when the new price low made on Jun 17 had a much higher low on the histogram than the price low on May 17.
I refuse to sell the bottom. Send it to 130k
PTON looks ready to break through resistance and move higher after a strong showing today. The 50 EMA has come down to the 200 EMA and is just starting to turn back up.
Today another perfect example of a bear trap: In the media/ social media: the focus is on inflation. Then a higher than expected inflation came in. But instead of equities coming down we see a rally with more than 200 points in the NAS. What they didn't say: Inflation only matters if centrals banks would care about inflation. But they simply can't, it is still...
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...
Welcome to this quick update. Technical Analysis , BTCUSDT bounced from its daily support level . As said pervious chart , there's a high Liquidity area between $30,000 - $31,000. Price just took out $34,000 area. Currently, price might retest resistance area of $35,150 - $35,800 and seems like breakout and enter the symmetrical triangle again, you can called its...
Go long if prices take out today's high. Stop underneath the bear trap.
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
Even after 50% + correction i believe this is not end of bull market. If we zoom and look at daily chart we can see clearly wyckoff theory and manipulated move. I believe whales are just trying to panic newbies and retail to sell. Miners are still not selling, stock to flow is showing to us this is not end or even close to peak, a lot inflow of stable coins to...
Here's a quick update on BTC 4 hr chart. As we can see, the price is right now in a falling channel which also represents the current downtrend. The 30k level is very important to hold - if it breaks, then we are looking for some support at 27k and then some bigger support at 24k level. When we break the falling channel, the price will probably go back up. In...
Bitcoin has dropped below the 20week and 200day moving averages for the first time since April 47th, 2020. With a triple bearish divergence, a break of the pitch fork trend and floating below the 20wk MA..I cannot help, but read this as bearish in the short term until we secure a weekly close back above the 20wk MA. Not sure how much lower we could go, there is no...
My chart update from July 2020. Bitcoin touched the 200 ema after months without enough strength to break it. this may have been a good buy point to continue the bullrun, if bitcoin break 200 ema bullrun ending for me
GBPCHF after a few tests of the support area attempt to break below creating a bear trap with a false breakout. The price is now moving in a bullish price action and according to Plancton's strategy if the market will break above the resistance area we will set a nice long order according to Plancton's strategy. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple...
Lets take a look and debate if this is valid. Bear trap is questionable. Only for begginers like me, but every comment will be apriciated!
Price is looking like it's responding better to bull sentiment at the moment, but there was a massive selloff on high volume, followed by a responsive move on relative low volume. Now price is back at the area of the moveout. I feel like this is a bull trap, and I think Dow is about to get slaughtered. This might not happen. But, wouldn't it be cool if it did?