NQ Futures could be trying to setup an ascending triangle to catch bears short at the bottom with major upside potential with a breakout and confirm. Will almost certainly coincide with data/news that will either play out a bear trap or a bull trap on the same timeframe for the next let the market takes. Often these patterns forming at the bottom of a range end...
After rejecting off the L1 ( white line ) in the second week of January @48k my next target by default is the L2 ( red line ) @30k by the end of Q2 or beginning of Q3. These support & resistance levels are calculated using my proprietary tool called LifeLines. Think of them as moving averages on steroids. I doubt that this happens but in the case that we...
Bitcoin (BTC) is currently positioned for a short-term move targeting liquidity above the current highs, potentially luring in bears. This setup suggests a liquidity hunt, followed by a rebound from the heavily traded area, and then a push towards higher liquidity zones beyond the recent highs. It appears to be a tactical move to trap bears before a significant...
Polygon (MATIC) has been trading within a horizontal accumulation pattern on the daily timeframe, attempting a breakout previously but lacking the strength to sustain higher levels. The recent breakout from the lower boundary of the accumulation range provides a renewed sense of strength, positioning MATIC for potential upward momentum. Additionally, on the hourly...
BITSTAMP:ETHUSD 🚀 Ethereum Update: Breaking Free from the Bear Trap! 🌕 Hey Crypto Traders! 🌐 Exciting times in the Ethereum market as we witness a breakout from the recent bear trap. 🐻 But don't fret, Hodlers – the charts are flashing some compelling bullish signals! 📈 Key Technical Indicators: Waning Moon Bullish Signal: The waning moon is casting its...
The 2023 bear trap AS we can see on January 20th Bitcoin broke the down trend it has been in for over one year now. Recently the resistance was tested and was made in to support as Bitcoin took a strong bounce off of it. WE can clearly see this in the chart with the highlighted oval. Above that we have the bear trap zone and the fomo zone A break and hold...
The journey of Graph (GRT) has been marked by a strategic escape from a bear trap and a subsequent ascent into a bullish parallel channel. Let's delve into the dynamics that unfolded, highlighting GRT's resilience in the face of adversity. Key Events: Bear Trap at $0.08: GRT found itself in a range-bound scenario, with a crucial support level at $0.08. A sudden...
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...
Bitcoin, the flagbearer of the crypto realm, is currently demonstrating a masterful dance within an ascending channel. Beyond the technicalities, there's a fascinating interplay of liquidity that savvy traders are watching keenly. Let's unravel the dynamics of BTC's ascent, the lingering liquidity, and what it implies for the next upward swing. Chart Analysis:...
CADCHF is trading on a key daily support at the moment. We can see that the price violated the underlined structure but then suddenly bounced and returned above that. It makes me think that it might be a bear trap. We may expect a pullback to 0.6477 now. ❤️Please, support my work with like, thank you!❤️
Divergence, a powerful concept in technical analysis, has been making waves in the world of Bitcoin trading. Recently, we witnessed a remarkable 90% surge in Bitcoin's price, driven by a bullish divergence pattern on the weekly chart. In this post, we'll delve into the significance of this pattern and explore the potential outcomes of a similar bullish divergence...
28.5k is the invalidation line for continued bull momo. Close below it on the dailv and I think BTC either sees another bear trap/ deviation to 26k followed by a bull reversal to 37k. If the bear trap is set it is extremely risky to play. If it fails, BTC could hit at least 23k for AUG and 20k to 18.8k for SEP because both are statistically red months during the...
Greetings, fellow traders! Today, let's explore a fascinating aspect of market dynamics – the concept that markets often change their trend direction when most participants least expect it. We'll dive into how we might currently be in a bear trap and what it could mean for a potential upswing. 📈 The Art of Contrarian Thinking: Market trends are tricky...
Hola ! Last week Friday we hit the sellside liquidity = 33+ day lows taken out Anticipating a stronger correction before we go lower.. i will however be watching that sellzone carefully just to catch a few ticks Remember always to follow your rules ! Cheers
Yesterdays PMI data came in and most probably busted many accounts. I watch these live videos on socials. Counted at least 18 people with sell orders for gold yesterday... we can see bullish momentum with gold currently - Breaking previous highs - Sweeping lows - Buyside target We can also see sell side liquidity, as market is creating higher highs, sellside...
4 day chart gives a good outlook for the summer. Don't panic and buy during the bear trap dips.
As you can see in the chart, we have been in range for 52 days. The previous range, lasted 53 days, if history repeats itself, between today and Thursday we should see a breakout to the downside and a retest of the 25k level. There are two main coincidences: 1- Almost the same downside movement distance to the major support (9%). 2- The same downside movement...
TSLA daily end of wave 5 downtrend if we break above this bearish volume lot's of bears get trapped