Bears want us to not break out of this down trend channel. They put up huge sell walls, but seems like Bulls are buying into them. It is a true battle right now, pretty exciting. I have a feeling we may get a nice little break out here, but it could be a bull trap.... followed by a Bear trap? Whatttt , the mind games
...but you never do know... could still see retest of trendline even after big 300+ surge today - expect more volatility near-term, but this pivot at 24,361 on Dow likely marks beginning of upwards march back to 26.6k+ full recovery could take months, but first leg up will be pretty steep, look for a rapid rise to around 25,500 - to the resistance Fibo above the...
We may have just hit bottom for the time being. Looks like a bounce spot once bulls feel comfortable. Strong support right below us, i have doubts we will break it on this run. If we do 7200 - 7150 area is the next support which happens to be fortified diamond titanium extract support
Last night i uploaded a chart like this before deleting it. I deleted it because i noticed a BTC wallet transferred 44k bitcoins. I was worried this entity was going to dump, but so far so good. He could just be buying alts with it who knows ... What i am seeing in the live trading is Bulls showing strength. MT gox scumbag better not come and ruin the show!
The drop from the Bearish Gartley BTC just had was caught quickly by the bulls, and although there are a few bearish indicators, such as the MACD on the 1D, overall BTC is still showing more bullish than bearish signs. Bulls have repeatedly held price above the 50% line inside the large consolidation pattern it is in, and just broke upward out of a smaller...
Dear Friends :) I have the last couple of weeks, warned you again and again about extraordinary high manipulation in the Bitcoin-market (BTC/USD). I received earlier today a link on Twitter to a blog on Steemit, where a guy documents, how a group of whales are discussing, how to manipulate a market. I therefore decided to spent a lot of time to analyze the last...
Hi everyone, So regardless of what some indicators want to show, doesn't seem like bulls want to let this fall after all their hard work. They want to start off that fomo run so they can sit back and watch everyone make this thing take off. I can see some side ways upwards action, forming a Bullish flag. As you can see there was a big bear trap, the rising wedge...
Bears have failed multiple times to drop BTC 0.95% , even after it broke out of the large rising wedge on higher timeframes, which is a highly bullish signal. Market cap has increased to 400 billion and bulls are persistently pushing to complete the 5th wave. If we take fibs from the first wave's initial large pump, we see that we hit the 127 extension, then...
This is noooot goood. Russian doll MTF bull trap with mini-bear traps inside.. across the board in crypto, stock, & commodities!
Trend line created and crossed down in 2017. Same happening right now! We spiked right through. Just look at the Similarity of 2017 and 2018. I think this is really not coincidence.
You may be wondering: Why the sudden price action in what looks like a clear down trend? Why did Pantera move the market? The short answer is: The Great Bear Squeeze. They have eliminated like 40% of the whole bear population in just a single swift move. Easy money. At first they went short. They painted a triangle at the bottom of a down trend and tricked the...
Disregarding the bullish market sentiment currently, I still don't believe we're out the woods yet. Why do I feel like this is a bear trap? Look at all the lows that still haven't been taken out. Price also just reached a D1 -OB and is heading towards the high of the weekly range + a psychological resistance level. Look at the two voids that STILL haven't been filled in.
Well, interesting and confusing movements from BTC. Is this a grand setup for a bull trap, which will set off the final decent to sub 6k levels, or has grand wave 5 ended, and the confusion as sign that BTC has reached bottom, and a market reversal is fueling up? Scenario B assumes we are now forming wave 4, and the bull trap is being set. It was clear that...
Looking back which is never used to speculate future, BUT recently the last 2 major dips, that did this stall sideways chop suey.... AftR consolidation from big DUMP, eventually made the BIG Retrace back above the prev. LOW B4 the DUMP... So 4 now I have changed my mind, as ususal, only time will tiell. Cud Luck to all. *** KEEP your eye on the Stochtastic RSI...
Looking at the trends, RVI is about to push into the sweet spot, and somehow the price has been clmibing even though the V.I. (-) should be pulling the price down. Something strange is provoking a possible bear trap. We have a moment of truth happening somewhere over the next 8-14 days. We either break the barrier, or we drop down to a very scary low. Trade...
BTC nice head and shoulders pattern. What's really interesting about the price action is how we get a perfect 3 candle Bear Trap as soon as we break down from the neckline and then a flag back up(4hrcandle). The bounce at 7680 was just abt 2% off from my bounce PT from my ta of fibs and trends.
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...
I know.. usually I'm a swing trader and hate having patience and seeing my money go up and down due to de waves in a coin and prefere looking at it on a day to day basis. but ADA, what a great coin. incredible dev-team. We hit rock bottom here and we just saw the announcment to a new market cycle. the Beartrap. a little wave making all weak hands sell their stuff...