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Beartrap

Symmetrical Triangle on the XRP Monthly chart ready to breakout?This Triangle can also be seen well on the weekly…and also valid on the daily chart but you have to scroll over to see the whole triangle on the daily. I chose the monthly chart for this idea though because it’s the easiest one to see all the key valid touches on both the bottom and top trendlines of the triangle.That bottom trendline has been holding for 3 years now and is super strong support. We just had a flash crash on the daily dip down below it and threaten to trigger what looks like a h&s on the daily chart (not shown here) however that was quickly bought up and with very little volume to show is looking to be a classic fakeout breakdown/bear trap. Still a decent amount of hours left in todays daily candle but as long as that candle closes green it is a very good sign that this triangle will likely be breaking upwards. *not financial advice*
CRYPTO:XRPUSDLong
by DrDovetail
2
The SP500 Bear TrapYesterday was a long day As I lay in bed reading about Candle stick patterns. I kept thinking of another way to see through the current system am already using Trading has so many mirrors and once you understand just one system You can leverage it as a mirror. This is what puts me ahead of the competition honestly I don't think there be ever a day I don't See a trading opportunity maybe it's because I pushed myself so hard to learn trading...I don't know But there I not even one day which I can honestly say I dont see a trade to profit from Look at this chart of SP500 SP:SPX The 🐻 Bears have taken over. They was a huge market crash ⬇️ But this is called a "bear trap " It's the opposite of a "bull trap" This when you really have to buy the dip.. Also notice the 3 step Rocket Booster Strategy 🚀 Price is above the 50 EMA 🚀 Price is above the 200 EMA 🚀 Price is in an uptrend Knowing this strategy will boost your understanding of trends and mass psychology Rocket boost this content to learn more. Disclaimer ⚠️ Trading is risky please learn risk management and profit taking strategies because you will lose money wether you like it or not . Also practice on a simulation trading account before you use real money
CAPITALCOM:US500Long
by lubosi
2
Euro Technical Analysis: EUR/USD Stalls Inside of Yearly HighEUR/USD has put in a very bullish outlay so far in Q3 trade. But last week saw bulls stall inside of the 2024 high and that brings questions to topside continuation in the pair. EUR/USD continued the advance last week following the rate cut rally following the European Central Bank’s move two weeks ago. There was technical context for bullish continuation as the pair broke through the topside of a bull flag formation but, to date, buyers haven’t been able to push for a re-test of the yearly high at the 1.1200 handle. There was seemingly an open door for a test of the highs last week as the pair showed three consecutive days of swing highs within 25 pips of that big figure. This week started with pullback but that also shows a bit of indecision as sellers were unable to test below last Thursday’s swing-low. EUR/USD Bigger Picture At this point it’s difficult to argue with the intermediate-term outlay in the pair, which has been decisively bullish since the rally began around the Q3 open. The pair was working around the 1.0700 at the time and as USD-weakness, prodded by a sell-off in USD/JPY, continued to drive DXY to fresh lows, EUR/USD continued its upward advance. But taking a step back, the argument can be made that the pair remains in the confines of a longer-term range and last week’s respect of the 1.1200 handle further speaks to that, as that, itself, is a lower-high from the 2023 swing at 1.1275. This sets up for an important few weeks as price remains within that shorter-term bullish trend into the Q3 close, with those very obvious resistance levels lurking overhead. I had written about the US Dollar to finish last week, and if the USD is going to rally, it’s probably going to need some help from EUR/USD bears. EUR/USD Shorter-Term Strategy Sellers made a quick push at the start of this week’s trade but as noted above, they haven’t been able to make much of a mark yet. But – this does set up some additional lower-high context as last week’s stall around 1.1175 is inside of the prior high at 1.1200, which is inside of the 2023 high at 1.1275. The 1.1140 level that I’ve been tracking in webinars is in-play as of this writing and there’s additional context for a possible lower-high up to prior short-term support, around 1.1155. If bears can defend that, the focus is on tests of deeper support. I’m tracking a Fibonacci level at 1.1081 that helped to bring the post-Fed bounce last week, and that’s followed by a swing at 1.1055. After that is the 1.1000 level and that’s the price that was vigorously defended into and around the ECB’s rate cut. Bears aren’t necessarily out of the woods on a first test below 1.1000, however, as the 1.09424 Fibonacci level could be a lead-in for bear trap potential on a bigger picture basis. That’s the 50% mark of the same Fibonacci retracement that set the high last year at the 61.8% (1.12697) and the low so far this year around the 38.2% (1.06152). --- written by James Stanley, Senior Strategist
by WHSelfInvest
Cancellation of “Head-and-Shoulders” Pattern. Bears trapThe "Head-and-Shoulders" (H&S) pattern is considered a powerful trend reversal indicator. However, it can also become very costly for new traders. Yesterday, the S&P provided a great example of H&S cancellation. Traders who entered short on the break-out of the shoulders line (and Monday's low) incurred losses after the price returned to the previous day's range and rallied all the way up. Such scenarios happen more often than you might think. To avoid being caught in such traps, it is important to consider two things: 1. Higher Level Context : In this example, the H&S pattern formed on the hourly time frame. But if we zoom out, we'll see that on the weekly chart, the price is in a strong uptrend, currently making new historical highs. This is a very bullish context, with buyers having full control over the price. 2. Price Behavior on the Break-out : Upon confirmation of a reversal pattern, you should expect sellers to jump in and drive the price down as fast as possible. It is "abnormal" to see the price returning to the previous range and gaining acceptance. This is a trigger that something is not right. Some people will add volume analysis on the break-out, but I’m personally not a fan of it, especially for SPY.
AMEX:SPYEducation
by hermes_trisme
Potential Ascending Triangle (NQ Futures)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 up being bull traps but anything can happen and it's best to be prepared for whatever happens.
CME_MINI:NQ1!
by Eclipse_Trading
Major Resistance 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 close the month of February above 48k then I will be waiting for a closure below again before entering another position. In other words I am very confident that we will see a greater pullback before continuing the greater trend to the upside. Stop loss @49k
BNC:BLXShort
by TheBossssss
3
BTC: Short-Term Liquidity Hunt Before Bear Trap and DropBitcoin (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 downturn. While the short-term outlook hints at a bullish trap, my global perspective remains bearish, anticipating a more substantial short position post-liquidity grab around the $44K level, possibly even higher. www.coinglass.com
Long
by Shved126
4
Matic - Bullish Momentum BuildingPolygon (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 timeframe, the continuous confirmation of bullish intentions through bear traps contributes to the positive outlook. 🔄 Daily Accumulation and Breakout: MATIC's extended consolidation within the daily accumulation pattern signaled a period of indecision and potential accumulation of positions. Previous attempts to break out to the upside were met with challenges, preventing sustained upward movement. However, the recent breakout from the lower boundary suggests a shift in dynamics, providing the necessary strength for potential growth. 🚀 Strength from Breakout: The breakout from the lower boundary of the accumulation range grants MATIC a significant boost in terms of potential upward momentum. Successfully establishing a higher trading range could indicate a newfound market sentiment favoring bullish movements. 🔍 Hourly Confirmations and Bear Traps: On the hourly timeframe, MATIC exhibits a pattern of continuously confirming its bullish intentions. The creation of bear traps, strategically inducing short-term downward movements, adds to the overall bullish narrative. These traps serve to shake out weak hands and provide additional fuel for faster growth. 💡 Trading Strategy: Traders and investors may consider positioning themselves strategically in MATIC following the breakout from the accumulation range. Confirmations on the hourly timeframe, especially through the use of bear traps, can contribute to the overall bullish case. Implementing effective risk management strategies, such as setting stop-loss orders, is advisable. 🔮 Future Outlook: The technical analysis suggests that MATIC is well-positioned for potential growth following the breakout from the accumulation range. Traders should remain vigilant and adapt their strategies based on real-time market data. The combination of the daily breakout and hourly confirmations, including bear traps, creates a favorable environment for bullish momentum. The cryptocurrency market's dynamic nature emphasizes the importance of flexibility and risk management in trading decisions.
M
by AlexWhale
ETH/USD POSSIBLE BEAR TRAP?!?!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 bullish glow, signaling a period of consolidation before a potential upward swing. 🌙 100 Day EMA Bounce: Ethereum bounced off the 100-day EMA, showcasing strong support. MACD Cross Confirmation: A bullish MACD cross adds weight to the positive outlook. 💡 What's Next? Keep a keen eye on the green trend line. If Ethereum breaks above it, we might be looking at new heights. The waning moon, coupled with technical indicators, paints a promising picture. 🌐 Stay Informed, Stay Ahead! #Ethereum #Crypto #Bullish #ToTheMoon #Breakout
BITSTAMP:ETHUSDLong
by MasterChef23
Turning Traps into Profitable Opportunities ! TOP 3 PATTERNSTrading traps are a common occurrence in the cryptocurrency market. They can be created by a variety of factors, including market manipulation, technical analysis, and psychological biases. While traps can be dangerous for traders who are not prepared, they can also be a source of profit for those who know how to trade them effectively. In this article, we will discuss three common trading traps and how to trade them profitably. We will also discuss how traps are created and how they can be used to your advantage. What Are Trading Traps? Trading traps are false movements in the price of a cryptocurrency that are designed to trick traders into taking a position in the wrong direction. They can be created by a variety of factors, including: Market manipulation: Market manipulators may create traps to trick traders into taking positions that are in their favor. For example, they may buy a large amount of a cryptocurrency to drive up the price, and then sell it off quickly to create a sell-off. Technical analysis: Technical analysts may use traps to take advantage of traders who are following technical indicators. For example, they may create a false breakout of a support or resistance level to trigger stop-loss orders. Psychological biases: Psychological biases, such as fear of missing out (FOMO) and fear of loss (FUD), can also lead traders to fall into traps. For example, a trader who is afraid of missing out on a potential bull run may be more likely to buy into a false breakout. In the example above, LINK was trading in a horizontal range for several months. The price then broke below the lower range boundary, which was a sign of a potential bear trap. However, the price quickly reversed and re-tested the lower range boundary. This was a good opportunity to enter a long position, as it showed that the trend was still in place. How to Identify Trading Traps There are a few things you can look for to help you identify trading traps, including: Volume: A sudden increase in volume can be a sign that a trap is being set. This is because market manipulators or technical analysts will often need to buy or sell a large amount of cryptocurrency to create a false movement in the price. Price action: A false breakout or fakeout is often accompanied by a sharp reversal in price action. For example, a false breakout of a support level may be followed by a sharp sell-off. Technical indicators: Some technical indicators, such as the Bollinger Bands, can help you identify potential traps. For example, the Bollinger Bands may widen before a false breakout, which can be a sign that a trap is being set. How to Trade Trading Traps Once you have identified a trap, you can trade it in one of two ways: Long trap: If you believe that the trend will continue, you can enter a long position on the re-test of the breakout level. Short trap: If you believe that the trend will reverse, you can enter a short position on the break of the breakout level. Examples of Trading Traps 3.1 Triangular Trap Unveiled: Discuss the bearish implications of descending triangles in technical analysis and their potential use as manipulation tools. Explore how market manipulators engineer these patterns to trigger artificial stop-losses. Case Study: NEAR's Triangular Intricacies: Analyze NEAR's descent within a descending triangle and its unexpected breakout. Offer insights into the motives behind orchestrating such traps and how traders can leverage these market dynamics. Here are some examples of how trading traps can be created and traded: Shakeout trap A shakeout trap is a false breakout that is designed to trick traders into taking a position in the wrong direction. For example, a cryptocurrency may be trading in a horizontal range for several months. The price then breaks below the lower range boundary, which is a sign of a potential bear trap. However, the price quickly reverses and re-tests the lower range boundary. This is a good opportunity to enter a long position, as it shows that the trend is still in place. Fakeout trap A fakeout trap is similar to a shakeout trap, but it occurs after a trend has already begun. For example, a cryptocurrency may be in a bull market. The price then breaks above a resistance level, which is a sign that the bull market is continuing. However, the price quickly reverses and re-tests the resistance level. This is a good opportunity to enter a short position, as it shows that the bull market may be coming to an end. Reversal trap A reversal trap is when the trend of a market changes direction. For example, a cryptocurrency may be in a bull market. The price then breaks below a support level, which is a sign that the bull market is ending. However, the price quickly reverses and re-tests the support level. This is a good opportunity to enter a long position, as it shows that the bull market may be resuming. The Art of Spotting Fakeouts: Define the concept of fakeouts and unveil their potential as precursors to bullish movements. Offer insights into distinguishing genuine breakouts from manipulative traps set by market actors. Case Study: ZIL's Quick Turnaround: Uncover the Zilliqa (ZIL) chart, examining the deceptive fakeout beneath a pivotal horizontal level. Emphasize the strategic importance of waiting for a retest post-fakeout as a confirmation signal. Conclusion Trading traps can be a dangerous but profitable part of cryptocurrency trading. By understanding how traps are created and how to identify them, you can increase your chances of trading them successfully. Additional Tips for Trading Trading Traps Use stop losses: Stop losses can help you limit your losses if you are wrong about a trade. Be patient: Do not rush into a trade just because you see a trap. Wait for the
Education
by Yaroslav_Krasko
2
The bear trap is set. 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 of the 25.4k level leads to the setting of the bear trap. This bear trap zone goes all the way to 32k above that is the fomo zone and it goes to 47k and possibly even higher. These ar eth e levels to look for in the coming weeks. Another thing of note to look for is that Bitcoin could retest the break out zone at a later date {shown with the blue arrow} and as long as it holds it could then lead to the bear trap. What to look for The RSI will be a dead give away on what move comes first as I have drawn the down trend that it is in at the moment. If this should break above the down trend then it will do with the price and confirm the move. Thanks for looking Hit the like and subscribe for hot off the press charts. WeAreSatoshi Stay blessed in 2023.
BNC:BLXLong
by WeAreSat0shi
3
GRT : Bear Trap and Ascending channelThe 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 and sharp drop below this level initially appeared bearish, creating a trap for unsuspecting bears. Swift Recovery: Contrary to the bearish indications, GRT showcased remarkable resilience by swiftly recovering from the bear trap. This rapid rebound hinted at strong buying interest and a potential change in market sentiment. Technical Analysis: Formation of a Bullish Parallel Channel: GRT's price action post-bear trap reveals the emergence of a bullish parallel channel. This channel signifies a more controlled and sustainable upward movement, often indicating a positive trend. Successful Swipe from Previous Day's Low: GRT strategically executed a swipe from the lows of the previous day, adding to the bullish narrative. Such swipes often serve as confirmation of support levels and fuel the next leg of the upward move. Trading Strategies: Channel Trading Opportunities: Traders may explore opportunities within the bullish parallel channel, considering long positions as the price respects the channel boundaries. Identifying potential reversal or continuation patterns within the channel can aid in tactical decision-making. Monitoring Key Levels: Keep a close eye on critical support and resistance levels, including the $0.08 level, which previously acted as a pivotal point for GRT. Breakouts or breakdowns from these levels could signal significant shifts in market sentiment. Conclusion: Navigating GRT's Bullish Trajectory GRT's ability to rebound from a bear trap and establish a bullish parallel channel underscores its resilience and appeal to market participants. Traders can leverage these insights to devise strategies that align with the current market dynamics. 🚀 Escaping Bear Traps | 📈 Bullish Parallel Channel | 💡 Strategic Trading Approaches 💬 Share your perspectives on GRT's recent price action and your strategies for navigating its bullish trajectory! 🌐✨
Long
by Yaroslav_Krasko
2
Major Levels Are Now Being Broken in the Altcoin Space!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 to expect the unexpected. We could be at a mid-cycle top and the whole ETF approval thing could be a sell the news event. Altcoins, now seem to be backing that hypothesis as major support levels are being broken all around. We'll take a look at what I am observing on these charts.
INDEX:BTCUSDShort
by stewdamus
📈 BTC: GROW after Liquidity Trap! 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: BTC's Ascending Channel Strategy BTC has established itself within a well-defined ascending channel, a testament to the underlying bullish sentiment. However, the artistry lies not just in staying within the lines but in the strategic maneuvers within this channel. As BTC glides higher, there's a deliberate leave-behind of liquidity beneath, setting the stage for a cleaner upward trajectory. Liquidity Tactics: Setting the Stage for a Surge One intriguing aspect of BTC's current movement is the deliberate creation of liquidity pockets below the lower boundary of the channel. This isn't accidental; it's a tactical move to clear out lingering long positions. By doing so, BTC aims for a more decisive and sustainable upward movement, unburdened by overhanging positions. Trading Strategy: Anticipating the Clear Run For traders navigating the BTC landscape, recognizing the channel dynamics and understanding the liquidity strategy becomes crucial. Anticipating the potential sweep of these lower liquidity zones and a subsequent retest around the $33,000 mark can provide strategic entry points for those eyeing the next leg of the bullish journey. Conclusion: BTC's Precision Play BTC's ascent within the ascending channel is more than just a technical pattern—it's a strategic play of liquidity dynamics. The deliberate actions to clear out positions below the channel suggest a meticulous approach to ensure a cleaner and more robust upward movement. As BTC continues its precision play, traders are on the lookout for the anticipated surge beyond $33,000. 🚀 BTC Analysis | 📉 Liquidity Sweep Strategy | 💡 Ascending Channel Tactics ❗See related ideas below❗ Are you ready to ride the precision wave with BTC? Share your insights, strategies. 💚🚀💚
Long
by Yaroslav_Krasko
5
Power of Bullish Divergence 📈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 on the daily Bitcoin chart. Weekly Chart Bullish Divergence: A bullish divergence occurs when the price of an asset makes lower lows, while a relevant technical indicator, in this case, the Relative Strength Index (RSI), forms higher lows. In simple terms, it suggests that while the price is weakening, the momentum is picking up, potentially indicating a trend reversal. The recent bullish divergence on the weekly Bitcoin chart was a game-changer, leading to a substantial 90% price increase. Daily Chart Potential: Now, let's shift our focus to the daily Bitcoin chart and what we can expect from a bullish divergence on this timeframe: 50% Potential Gain: While it's difficult to predict exact price movements, historical patterns suggest that a bullish divergence on the daily chart could lead to significant gains. Confirmation Needed: Remember that trading based on a single indicator can be risky. It's essential to confirm the bullish divergence with other technical indicators or chart patterns for added reliability. Risk Management: Maintain a disciplined approach to risk management. Determine stop-loss levels and position sizes based on your risk tolerance. Caution and Patience: The crypto market is known for its volatility. While bullish divergences can be strong signals, they are not foolproof. Be patient and wait for confirmation before entering a trade. False signals can occur, so consider using multiple indicators to cross-verify your analysis. Conclusion: The recent 90% growth following a bullish divergence on the weekly Bitcoin chart showcases the power of this technical pattern. While it doesn't guarantee future success, it provides valuable insights into potential trend reversals. As we look at the daily chart, the prospect of a 50% gain from a similar pattern is intriguing. However, exercise caution, practice strict risk management, and consider multiple factors before making trading decisions. Trading in the crypto market is exciting, but it's also challenging. Stay informed, stay analytical, and remember that a diversified approach and continual learning are keys to success in crypto trading. 🚀📊🧐 ❗See related ideas below❗ Like, share, and leave your thoughts in the comments! Your engagement fuels our crypto discussions. 💚🚀💚
Long
by Yaroslav_Krasko
BTC Long, bottom or another bear trap?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 recovery phase of previous bull runs. However, there is a minor bull case for the bulls considering we are at the bottom end of a linear regression trend from the bottom at 16k to the current price. Nonetheless, I do expect volatility soon. Trades: Trade 1 Long 28650, sl 28000, tp 30500, 32000, 36500, 40000 Conviction moderate. High chance of getting stopped out if 28.5k keeps getting tested and removing liquidity from that region. Trade 2 Long 26300, sl 24000, tp 30500, 32000, 36500, 40000 Conviction high. Lowered chance of getting stopped out and if a bear trap were to occur, this is the ideal entry. Trade 3 Short 30500, sl 32000, tp 28500, 26500 (close here if there's bull volume), 24500, 21000, 19500 Conviction moderate. Might get front runned ~29.5k. but use this trade as a hedge against another false rally that leads into a bear trap ~26k, or even worse at 20k if theres no bullish volume for the expected trap.
CME:BTC1!Long
by linebands
BTC BEAR TRAP : Trend Reversals 📈📉 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 creatures. They often lure traders into thinking the current trend will continue indefinitely. However, seasoned investors understand that when everyone is convinced of a particular trend (bullish or bearish), the market may surprise with a reversal. 🐻 The Bear Trap: A bear trap is a situation where the market appears to be in a strong downtrend, leading traders to sell or short assets. However, this could be a cunning trick, as the market may reverse course, catching those overly bearish traders off guard. 📈 Signs of a Reversal: While we can't predict market movements with certainty, recognizing signs of a potential trend reversal is essential. This might include technical indicators, fundamental shifts, or sentiment changes. 🚀 The Anticipation of Growth: If we're currently in a bear trap, it suggests that the market sentiment is overly pessimistic. This can set the stage for a potential upswing when the market decides to confound the majority. 💡 Key Takeaway: The market has a way of playing tricks on participants. It's a reminder to remain adaptable in your trading strategy, ready to pivot when the unexpected happens. 🔮 The Future Unveiled: While recognizing a bear trap is insightful, always combine this with thorough analysis and risk management before making trading decisions. In conclusion, market trends can be both persistent and deceptive. Understanding that trend reversals can happen when they're least expected empowers traders to navigate the markets with greater flexibility. Stay vigilant, stay open-minded, and remember – in the world of trading, being prepared for the unexpected is often the key to success! 🧐🚀 ❗See related ideas below❗ Follow + Like this post and share your insights in the comments; your engagement fuels the creation of valuable content! 💚💚💚
Long
by Yaroslav_Krasko
6
XAUUSD - Bullish momentum or Bull Trap?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 liq is building.. What's the move? = Sit on your hands and study price action carefully. We not done for this week yet trust that ;) Those psychological levels are in play.. Follow your rules !
FOREXCOM:XAUUSD
by KingDee57
2
Cracking the Code of Bull and Bear TrapsHey Friends, let's dive into the captivating world of bull and bear traps. These traps can be quite the wild ride, so buckle up and get ready for some trading knowledge! A bull trap, my friends, is a sneaky maneuver by the market. It lures unsuspecting traders into believing there's a bullish breakout on the horizon. But guess what? It's a trap! The price quickly reverses and sends those traders into a tailspin, caught in a frenzy of false signals. Don't let the allure fool you! Now, on to the bear trap. It's the flip side of the coin, my friends. Just when you thought the market was about to take a nosedive, it surprises you with an upward surge. It's like a magician's trick, leaving all those who bet on a bearish breakdown scratching their heads. Bam! The bear trap strikes, and those traders find themselves caught in a bullish whirlwind they never saw coming. To navigate these treacherous traps, my dear traders, exercise patience and wait for confirmation. Don't jump the gun at the first sign of a breakout or breakdown. Look for additional indicators to support the move and keep a close eye on volume. Strong volume is the key, my friends! And don't forget to set those stop-loss orders, strategically placing them to protect your positions. Now, remember, studying market structure and learning from past mistakes is essential. Analyze historical traps, dissect their patterns, and absorb every little detail. The more you educate yourself, the better prepared you'll be to dodge those cunning traps in the future. So, my fellow traders, stay sharp, stay nimble, and stay ahead of those traps. It's a wild journey out there, but armed with knowledge and experience, you can conquer the trading world. May your trades be prosperous, and may you always stay one step ahead of those crafty bull and bear traps!
Education
by FortuneAI
1
BITCOIN ABOUT TO REPEAT THE SAME PATTERNAs 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 from the top of the range till the bottom of it (13%). However, we can observe a great difference, that it's the Volume. The previous range had 15.5M volume meanwhile this one had only 4.5M. That's three times less volume. Thing that can Indicate a very big move incoming. If what I say is correct, it could be a good choice to: - Open a short now till 25k. - In 25k Open a long till 35k. This is only a simple observation. Always do your own research. I would be very happy to see your opinion in the comments, if you agree, remember to give me a boost.
Short
by piccard54
2