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.
Beartrap
Is this rally a bear trap or a resuming bull? This is what we will be discussing today, and we are going to study both its technical and fundamental reasons and subsequently to derive why it is a bear trap? Or could it be a new bull in the making?
I hope this tutorial will be helpful, in enabling you to read into the market with greater clarity.
I have started a trading series, purpose for trading into longevity. Last week was on Buy Strategy, today on Sell Strategy. These strategies shared, they all can be applied to most markets and in different time frames.
Content:
a) The sell strategy – applicable to both:
· Long-term – Fundamental & Technical
· Short-term – Fundamental & Technical
b) Bull or Bear?
Some important dates:
14 Dec 21 - Fed: "Inflation no longer transitory"
10 Nov 22 – Oct CPI @ 7.7%, below expectation of 8.2%
Micro E-mini Dow Jones Futures
Minimum fluctuation
1 index point = $0.50
10 = $5
100 = $50
Of course if you need something more sizable, there is the E-mini Dow Jones Futures.
You can refer to the links below, you will find some of my past video tutorials, on how I time the different markets.
As time passes, you will see how nicely most markets trend along our analysis then.
Disclaimer:
• What presented here is not a recommendation, please consult your licensed broker.
• Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises.
CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
PALANTIR - Possible bear trap in progress? Hi All, my main 3 take-outs from this analysis are the following:
1- Despite the huge volumes in the recent drop, I personally feel like this might be a bear trap
2- Inside candle pattern which might mean reversal anytime soon
3- Big descending wedge on the daily chart with take profit projection at all time high.
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
TSLA6.10.21 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 times...and this is what it might look like.
BTCUSD: TO PANIC OR NOT TO PANIC - IS THE BIG QUESTION.There was panic around high noon UK time, as news broke that the IRS will be sending warning letters to American cyrpto traders. This caused a dump on BTC and shockwaves were felt throughout most of the cryptosphere.
But hold on - the IRS does not rules the world! This dump could well make BTC and other major cryptos very attractive to international investors and traders.
I still favour the upside because BTCUSD is a hefty one following a massive 3D time frame. It has a lot of wriggle room between 7800 and 10000.
Those who dump now are falling into a classic bear trap? How? Because the probability is till for the north. This does not mean that a few bears on lower time frames won't punch the air and take profits. There is nothing wrong with exploiting a bear trap, just don't get caught in it!
Disclaimer : T his is not a recommendation to take a particular position or trade in securities or other instruments. You losses are your own, which means sue yourself if you lose your money!
[BTC/USD] POSSIBLE FALSE BULL- DOUBLE TOP ! POSSIBLE CORRECTION!A lot needs to happen this weekend.. BTC needs to break a major zone of resistance with a double top having formed. If it does not do that in the next few days than most likely it will have a correction with a negative 19.32% correction back down, which could finally put bitcoin at a final price of approximately $7,958...
3 Major targets identified on this video... Be carefull at this point. Don't be so convinced that Bitcoin has made it and that the bulls have won! Watch BTC these next few days. I will be waiting patiently, if my TA proves to be right I will enter a large trade a the lowest point possible. If it breaks major resistance then I will re-evaluate and decide if I make a trade on BTC.
Good Luck. Give me a like if you enjoyed this video!
CrytpoBuzzAnalyst