BTC more bullish than ever?The bear market on BTC at this moment would seem to be exclusively a mirage .
As can be seen from the weekly chart, on 12 October 2020 BTC started forming a perfect ascending triangle forming a superior resistance between 65,000 USD and 69,000 USD supported by a strongly bullish trend tested once so far in the area between 30,000 / 33,000 USD.
Furthermore, the moving average (MA 50) has not yet been broken down and provides support for a clearly long-term uptrend.
The fall we are going through now should bounce off the trend in an approximate area between 42,000 / 46,000 USD in the case of a rebound the push could be such as to break the positive composition going to see new higher highs in 2022.
Analyzing the least probable case given the general increase in the market cap compared to 2020, in the event of a decisive breakdown of the fundamental support established at 42,000 better visible on the daily chart , then we could really start talking about a bear market or at least a momentary retracement given the strong bullish pressure.
Beartrap
BTC DOMINANCE GOING FOR A RECOVERY.Honestly can't believe I was bearish at the bottom.
It's my First year trading anything guys alright. Started back in September 2020 and it's taken me this long to learn stuff, shit happens. RIP all bears.
If this plays out, we get both ALTSEASON and new Bitcoin ATH's
I believe in $200K Bitcoin . CRYPTOCAP:BTC.D
BITCOIN BULL TRAP?????This is what I see happening for BTC at the moment. Retrace back to 42-38k, accumulate and then ATH. Either way, I just need it as an indicator to get into ALTS. Be careful out there.
Consider a Donation:
BTC: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20)
159F3K5sZYnAQC4qt929jkkXKfSgNmukbq (BTC)
ETH: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20)
0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (ERC20)
LTC: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20)
LdH9QfYsPYcjm5hAXfDQrS9Pmmr9QHu8Py (LTC)
USDT: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20)
0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (ERC20)
TH6nuZUjRakTV7bA25Uk8AVZe5pLSSxMix (TRC20)
bnb136ns6lfw4zs5hg4n85vdthaad7hq5m4gtkgf23 (BEP2) -> MEMO: 106029441
I honestly appreciate all donations. Im really down bad. My first year and lost 90% of my capital. starting balance was $1000. learnt about leverage a month ago and got greedy with it. was going to use litecoin to make it all back but price didnt meet my entry now im stranded. The learning process has been gruesome but I've learnt the hard way. just need to figure out how to tell my mom i lost all her money. Panicking, dont normally do stuff like this but i dont know anyone so i resort to this. THANK YOU IN ADVANCE. Worth a shot.😥
DENT LTF CHART FRACTAL (UPDATE ITS A BEAR TRAP?)I still think we break to the upside and this move is just to shakeout weak hands. Asimilar trade i took mid august on alice and I was weak with my resolve, lost a lot of money and watched it v back up to my target. Don't sell unless its invalidated. Link below to the original chart.
Consider a Donation:
BTC: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20)
159F3K5sZYnAQC4qt929jkkXKfSgNmukbq ( BTC )
ETH: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20)
0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (ERC20)
LTC: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20)
LdH9QfYsPYcjm5hAXfDQrS9Pmmr9QHu8Py (LTC)
USDT: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20)
0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (ERC20)
TH6nuZUjRakTV7bA25Uk8AVZe5pLSSxMix (TRC20)
bnb136ns6lfw4zs5hg4n85vdthaad7hq5m4gtkgf23 (BEP2) -> MEMO: 106029441
I honestly appreciate all donations. Im really down bad. My first year and lost 90% of my capital. starting balance was $1000. learnt about leverage a month ago and got greedy with it. was going to use litecoin to make it all back but price didnt meet my entry now im stranded. The learning process has been gruesome but I've learnt the hard way. just need to figure out how to tell my mom i lost all her money. Panicking, dont normally do stuff like this but i dont know anyone so i resort to this. THANK YOU IN ADVANCE. Worth a shot.😥
Power of 8pm + 3amSome of you asked me to update this chart.
I actually stayed up most of the night watching futures to get a handle on how dealers position around +/- gamma.
I noticed before 8pm last night all rallies were being sold. Then almost like a switch being turned on a slow melt up started.
You can see how uncharacteristic last night futures were as the melt up continued to 3am.
Then at 3am futures became much more active and continued to climb right into RTH (regular trading hours).
Could this be the christmas rally everyone is always talking about.
OR
Was this simple a bear trap being sprung.
XAU 2022A we can see on 2021 ( orange arrow) Bear are pushing Bull hard and made a new rally base for Bull at 1676.
A new Pivot based at 1771 has been made which is a good sign for Bull to rally to reached the Bear base again at 2075.
So, for a new rally (white arrow-2022) we can see bear ended on November getting thinner because of Bull are entering the stage to break all the Bear. If December we ended as white arrow marked we can see Bull are getting shine once again and if not, this is Bear market again until 1600.
Thats all my idea for 2022, thanks fellas. Feel free to leave your comment/ideas so we can share each other.
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!
SPX: When will it drop again?Hello traders and investors! Let’s see how the SPX is doing today!
It seems we see a bearish sign on the SPX, indicating a possible top (spinning top?), but I wouldn’t be too excited about it. After all, the index already did a similar pattern last Tuesday (it even more bearish, as it was a shooting star), and it was just a bear trap, as we thought.
What’s more, it is always important to analyze the hourly chart before any conclusion.
In the 1h chart, we don’t see any bearish structure yet, and we only see a healthy bull trend. As long as the index keeps doing higher highs/lows, the trend won’t reverse.
As stated by the 1st tenet of the Dow Theory: Trends persist until a clear reversal occurs . So far, I see no clear reversal. We have two support levels to keep our eyes on: The 21 ema, and the 4,567. If the index loses both supports, probably we’ll see some pullback in the daily chart.
For now, let’s just follow it closely, and if you liked this analysis, remember to follow me to keep in touch with my daily updates on stocks and indices. Also, support this idea if it helped you!
Have a good day.
AMC: Falling Wedge: A New Higher Low:We saw a symmetrical triangle as one of the possibility it will form. I did notify about a bearish divergence. As I expected it retrace back around $41 today. In the last 1.5 hours I was giving a glimpse of dipping red price. Is this the first sign of a falling wedge?
What I expect this week? I expect a volatile week trapping both bulls and bears. What I want to see is the price goes back to $42 trapping the bulls and then smacking down. This will confirm a falling wedge. If not it will go much higher. So if a falling wedge is to be form this and next week in the 30 min chart. I expect the new higher low to be $38 trapping the bears. Beyond that I am bullish. Anything below $37 will break this pattern.
BTC DAILY CHART SHOWING STRONG PROMISEBTC is moving forward defying more odds. As she continues to make apparent support above 59K, FOMO will start to set in. With this in mind, as well as, the EFT's coming, it should spark a wild fire. The instant price action may catch most off guard due to instant volume influx.
AMC Going Lower: An Extension of Potential Of Another Bear TrapWhat I thought could be seen a breakout today turns what to bearish double top. What I notice yesterday was a bearish divergence in the 15 min chart today the 30 minute chart confirms it. As the price heads higher the MFI indicators highs drops. The key levels price I will be looking at is $36.30-$36.70. If that key support is hold what I seen is probably an extension of an Inverse Right Shoulder. Meaning that there is still potential of the upside next week. And if its it true there's a potential bear trap at the $36 range. If it drops lower $36. I will readjust.
KCS/USDT Update: Beartrap in play? Looking for 15$+.Intro:
- KuCoin evolves into one of the big competitors of Binance, FTX and Coinbase.
- Often times Coins are listed earlier on KuCoin than on other major trading plattforms.
- The current marketcap is around 1 billion which is much smaller than the marketcap of the main competitors.
- It takes some time to create such ideas and drawings.
You are welcome to pay me back with a comment that states your opinion and maybe leads to further improvements considering my charts and explanations.
Daily chart:
- KCS did try to break above 15$ and then did fall together with the whole market even below the rising purple line.
This formation can be called bear trap once we break back into the rising narrowing wedge.
- On the RSI side we broke out below the consolidation channel and did find support around the 40line.
(The following description is taken from last discussion.)
- KCS touched the 20$ line during April 2021 which is very close to the ATH which is around 21$.
- Afterwards KCS dropped hard back to even 5$ and currently consolidates to make another major upwards move.
- Trading volume decreased during the last 6 months and only saw spikes which coincides with a consolidation phase.
- One can draw an inverse head and shoulders with a breakout towards the 14$ price line.
Expectation:
- We expect to break back into the narrowing upwards wedge.
- Once we break above 15$ we look for a strong volume increase.
- The first target is the 20$ price range but for the end of 2021 we expect to go up higher and therefore into price discovery mode.
Basic rules:
- Never buy the top/ ATH
- Take profit as long as you can (also partial profit is profit)
- Use Stop/loss for leveraged positions
- If you are not experienced, don't leverage in the first place
Enjoy the ride and don't be too greedy.
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We would love it if you could share your thoughts in the comments.
Discussions are very welcome here.
Always do your own research and keep in mind that my charts and comments cannot be considered financial advice.
Cheers
ps.
Chart explanation:
Main lines:
- Green lines are tested support lines.
- Orange lines are resistance lines or, if we are above, possible support lines which were not tested yet.
- Cyan line is for volume trendline.
- White lines are Fibonacci retracement levels
Helplines:
- Purple lines are trendlines we take a look at.
- Blue, green, white and pink lines are 200MA, 100MA, 50MA and 20MA.
- Yellow lines are for visual help only.
Boxes:
- Either entry zone or support zone . Check the description.
PLTR Gap Fill after bear flag trapPLTR escaped a bear flag pattern, and a new short term pattern formed a bull pennant. Looking for an upward breakout to fill a gap at $26.40
Are we still bearish ?After many great prediction ive come to a point where i'm kind of confuse whats going on but i think i have my theory.
You see btc has been leading every crypto since the beggining but weirdly enought it did a really strange move just after the bull trap And i think i know why.
The reason of why it did that is ETH the ETH have most likely pushed every crypto up but now that ETH is at his resistance now both btc and eth are going down
So in other words i'm still very bearish on that 23 k is still the goal !
SBER - bearish trap is still an optionI published that idea before all the market went awry, I was lucky to participate in the sharp decline. But know I see the initial coverage is still valid. All the move down can be considered as bearish trap and I will go long if I see the paper snaps back into the wedge to break higher.
Resume Bullrun 🐂 Historic Support 🟢 TP1 ✅ Go for TP2 🤔Resume Bullrun 🐂 Historic Support 🟢 TP1 ✅ Go for TP2 🤔
"History never repeats and always rhymes."
- A TradingView trader whose name I forgot
It's an extension of my previous idea.
I hold my opinion on everything there and add a new viewpoint with this idea.
◀️ KEY POINTS:
- Opportunity To Break All Bearish Channels At Once & Resume Bullrun (= Open New Bullish Channel)
- Bears Are Vulnerable
-- Saturday Bear Trap Was Successful
-- Bears Are Tired: Multiple Bullish Divergences On RSI
- Bulls Are Powerful
-- Bulls Are Still Energetic: Higher Highs on RSI
-- Historic Invincible Support Hit
-- Smart Money Bought The Dip
-- Psychologically Tempting Target: $40k
-- Funding Rate Favors Longs
-- Excellent RRR: 400%
-- Every Time In History When BTC Hit This Support Then Hit $40k Within A Week
-- Next Week Will Be Green
--- Starts From Today
🌌 OUR SIDE:
POSITION: Long
LEVERAGE: x10
ENTRY: $32 000
STOP LOSS: Daily close below $29 900 and staying there for six hours
TARGET: $40 000
$33 000 - $34 000 TP1 ✅
We Hold Our Position & Go For TP2: $40 000 - $42 000
How to use "Auto Trendline and Breakout Alert" IndicatorIn this tutorial, we will learn how to use the "Auto Trendline & Breakout Alert (Linear / Log)" indicator.
Note: You can find it in the scripts section of my profile
Auto Trendline & Breakout Alert(Linear / Log) Full-Version by BobRivera990
Overall Introduction
This indicator is the best tool for breakout traders.
Drawing and evaluating the trend lines of multiple charts in different time frames is a very time-consuming and tedious task. In addition, being aware of breakouts in the shortest possible time requires constant monitoring.
With this tool, you can draw and classify trend lines in a fraction of a second and by placing an alert on any chart, you can receive notifications about breakouts, wherever you are.
The classification of trend lines is done based on the reaction of the price chart to the trend lines and the analysis of the trading volume .
This indicator is designed to reclassify trend lines with each reaction of the price chart. These lines are classified into 6 levels and these levels are distinguished by different colors. Thus, any touching or crossing of the price chart can make a difference.
Features
This indicator is designed for use on both linear and logarithmic scales. It works linearly by default. If you are using a logarithmic chart, enter the settings menu and set the chart scale parameter to “Log”.
The indicator is equipped with the volume status tool to identify and avoid false breakouts. Note that you can't completely avoid false breakouts, but you can minimize risk and loss. I have already published volume status as a separate script.
Several filters are provided to customize alerts. You can limit alerts based on the level and strength of broken trend lines , volume status, and type of breakout (Cross-Over, Cross-Under, or both).
The last breakouts panel gives an overview of the current market situation. You can activate it in the settings menu. the figure below shows the panel:
How to setup
There are many parameters in the settings menu, but two are more important. One is “Chart Scale” and the other is the “Max Operational Range Length".
Set the “chart scale” parameter according to the chart, otherwise the trend lines drawn by the indicator do not match the price chart.
If you are using a linear chart, select the "Linear" option or if you are using a logarithmic chart, select the "Log" option.
Max Operational Range Length Limits the range of the price chart that is processed by the indicator.
By increasing this parameter:
The strength and durability of the trend lines increases.
The number of breakout signals decreases.
The importance of breakout signals increases.
The indicator processing load increases.
The best range for "Max Operational Range" is from 300 to 1200,Change it until you get the best view possible.
Also by changing the "Filter" parameter from 1X to 5X, you can reduce the clutter in the chart.
The following figure shows the results of correct and incorrect settings:
Use it well...