This is a very classic setup on SQ. Buying off daily 200 on a double bottom. And in the last 3 bars it was a perfect breakout. Nice close today. Nice increasing volume on the long bearish dip in Oct 4th meaning people are trapped. Nice 1.4 risk/reward ratio. But the experienced trader inside me is yelling and saying I should buy the stop of this classic setup....
Recently i had thought through an idea i coined ' the bear-inator' which gave a curved line from the spawn of a bull run and ultimately being the point of no return once the bull run died off ! While this idea is on a very HTF so its fruition wont be know for some time , it is worth planning out possible ideas ahead of time so you can look back upon your thinking...
Take a look at the above image of USDJPY daily TF chart. Its clearly visible that there many hurdles that USDJPY needs to clear before aiming low. In this case, the main chart that shows USDJPY 4H, shows that once the trendline breaks it will likely aim low. Due to this many traders might get trapped should they SHORT USDJPY once this trendline breaks. As a...
This setup could provide plenty of profits if executed correctly. I will be looking to see how we react after breaking the small head and shoulders pattern. If we reject the order block holding below it, I will be buying into the region as illustrated. Leave a comment and/or message us on how we can improve and provide better content, we are open to...
The high wipe had to happen, we couldn't sell simply from a trendline breakout. This was a trap, now that the trap is out of the way we can look for sell opportunities. I expect one last purge of the highs before we collapse into equal lows. Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create...
Sucked 'em back in. Now that we have a captive audience, Shock & Awe time. The Shock: Plummet to 42000 for breakout retest, with Long-able bounce at 45000. Suck in bow-ties, bear cubs, and hayseeds on the short side. The Awe: reverso rally to ATH, fueled by short-covering, fomo, and fundamental "news"
Looking for a buy for LTC near 61.80% or 50% on the Fibo, and looking to hold until 185.40 We need for MACD to also respect the 50 line (or 0.00 ) on the RSI for both the 1HR & 4HR We'll be on the lookout for this during this weekend. NOTE: Please do not take this as confirmation as buy/sell signal. This is my general idea and opinion on LTC's momentum.
Thank you for the like and comments, really appreciated! This is an idea not a financial advice. __________________________________________________ The chart highlights every time when volumes and candlesticks signals a strong selling force but the chart went the other way around continuing to grow indefinitely following a safe 45 degrees angle. The red line...
BTC BULL TRAP IDEAS SEPTEMBER 4 2021 looks like btc is in a bull trap
Is this a trap for buyers? Let's check together. The pattern you see, which I have copied from the 4 hour time and put on the daily time, is weakening the strength of the uptrend. Then it enters an bullish channel and after the failure of the channel, it is done very bearish Avoid any emotional shopping please
Focus on the monthly! Recap, why this is not a bull trap? 1) Hit an all-time high on the monthly 2) Stock RSI still super powerful 3) EMA ribbon clear uptrend
Price has broken support turned resistence. However, it formed below the resistence a hammer candle. The current becoming candle is most-likely to fill the hammer's wick till friday this week. So we need to have a bit patience and maybe we need to adjust our SL so we don't get into a bull trap.
I used to do an analysis using Elliot Wave theory, if BTC manages to break out of the triangle pattern, chances are it will only reach 40k. and now there is a very unnatural bull with no correction of the elliot wave. so this can be said BULL TRAP. LET WE SEE when i look at daily time frame, from the MACD indicator, it is certain that the current bullishness...
Before breaking out we created a smooth support level for breakout buyers to place their stops at. This of course got purged before continuing higher. Now that the majority of liquidity has been taken from this area we should see the next fluid move to the upside. I want to see how price rejects at this current level, my only concern is the weekly low nearby...
EURUSD broke outside of the hourly trend but still remains in a downside direction. Today we could see a further upside move above 1,1900, however this will only last for a short period of time. It will activate the buyers and turndown the sellers in the market. Don't rush to buy! Wait for the higher probability scenario which will be a downside move. This...
NASDAQ:BYND broke out of channel two days ago and has setup a favorable long trade. Entry above today's high at 157.45 Stop loss under today's low at 151.47 Profit target has multiple options but I am going just under the resistance from 2/16/21 at 183.50 Risk/Reward ratio of 4.36
In order to confirm my previous analysis, we need to see some kind of a bear-trap reversal. It probably would be very choppy and uncertain but I see a strong enough v-bottom in all of crypto that I think this could hold up. Long entry target would be around the rectangle box I drew, but only on the way back up and out of that range as a minor confirmation of...
Not 100% on how important it is to secure the blue channel but if we close above 36k on the weekly this Sunday, It will only be weekly wicks below the blue channel leaving high probability of securing the channel and this being a massive bear trap. Put this all together with this Etherium cycle fractal idea: