Well it happened as predicted. You can refer back to this graph that we told you nobody else was showing you. The break down is currently touching exactly on the break down points we charted over a week ago. This all for informational purposes only, but we give you the tools to make very good informed decisions. We are still in a bull market and as has happened...
Chart says all. Bear Trap forming, don't get caught! Indicators are rising, probably got a retest dip to the TL and then bounce like mad. Be ready! Trade at ur own risk, not advice; GLTA!
Chart says all. IF price follows Jan pullback form, we gonna get a strong bounce to new ATH from here. Else; The End... NB: An EW impulsive wave completed in MFI outflow on 2/25; RSI could bounce from its TL here, might be a Bear Trap. IF price is in Bear Impulsive Trend, ship is goin down bowfirst. We had both Bear and Bull traps twice this week already! Trade...
USDCAD after the false breakout below the weekly support moved back above and close the weekly candle with a double bottom higher close candle formation. The market is moving inside a minor descending channel and now is testing the upper trendline. According to Plancton's strategy, if the price will break above during next week, we can set a nice long...
This is a bear trap. The price is going to blow up when purple resistance is broken. Don't miss out Thanks
Here I take two previous, patterned moves from 2017 and fit to current structure (fractal around June 2017). This gives me the ability to approximate its growth or decline over the next year. I then use these two situations to plot a general trajectory (dotted line). Finally, I estimate the curve for the 21 week moving average. I foresee the possibility of a drop...
BTCUSD BTFD Call: 1006 Target: 1135 S/L: 937
I've already made a few posts on NOIA. If you haven't seen them, go check them out NOIA has formed a big head and shoulders top. Its a bearish pattern, However, I am still going to add to my long position. I think this pattern is going to fail and result in a bear trap that will launch the price much higher. The last rally came after a bear trap and I think its...
Im really torn here. I have re-entered a small long position that I plan on holding onto for the remainder of this run. ETH is one of the few alts that I own right now. I've sold most them for BTC. With that being said, I am still leaning bullish. We will see. Thanks
Bitcoin looks very over extended right now. I think it still has room to run, but I am not adding up here. I think its going to retest 20K at some point. Altcoins are a better bet right now. Especially ETH. Price Target - $25,400
Update to the original post. Price pushed up more impulsively for the first wave than originally expected, so the pullback down to 1817 should be sufficient to generate fuel for the next push up. Today's intraday fed-induced short-covering seems like a spark for another push.
It looks like the correction in gold/gold miners is over and GDX is ready to move higher. On 12/1, GDX broke back above resistance. Bear traps typically result in a big rally as the shorts get squeezed out.
For 20 years, the market has never had anything but dips to buy. Even the 2008 "Financial Crisis" was just a dip to buy. Even the March illusion of a pandemic was just a dip to buy. However, a pendulum always swings from one side to another. What throws people off and makes trading so difficult is that you can know: Where the market is going What direction...
Me Personally i see a slight amount of room for us to go up still however come tomorrow 9/11 im seeing major resistance for not only ETH but also BTC the Dow jones and also s&P 500 Traders beware!!! i feel its a trap for a major drop potentially the prices are pumping right now because to many shorts right now in the market when everyone longs we will probably...
Someone I follow on Youtube would call a pattern like this baby blue line a "double bottom with bear trap" Basically it is a W formation or double bottom in the chart price and just about the time everybody thinks we are breaking North the price plummets South thereby confirming the bearish bias. In reality though it is just a "bear trap" catching those that...
Short term price action. Is this bullflag? Leave comments below.