Looking for distribution and scam wicksI think this could be a long trap followed by a bear trap. I'm not saying it will happen and it doesn't have to happen, but if it does, I will watching to long the next capitulation or scam wick.
Beartrap
My BITCOIN biasBeautiful Line Up of a few Symmetries
it could squeeze more to the downside to take out a few stops
This is more a scalp set up but it could be a good entry for a longer term position if you are bullish
Short Squeeze?So, today's price action was amazing. Here are my take aways:
1- Price fell 7.37% ($2.300) below the trading range. It seems a bit much considering the tiny upthrust. = Bearish
2- Price fell below preliminary support and made a new low = Bearish
3- Monthly support was breached = Bearish
4- Volume is dropping while price increase (divergence) = Bearish
5- RSI divergence = Bearish
This doesn't look like a strong bounce to me. Not buying in.
AZEK Daily Bear TrapNYSE:AZEK completed a bear trap today after prices recovered quickly back over the support line and 200 EMA .
It also showed MACD histogram divergence when the new price low made on Jun 17 had a much higher low on the histogram than the price low on May 17.
PTON Riding HighPTON looks ready to break through resistance and move higher after a strong showing today. The 50 EMA has come down to the 200 EMA and is just starting to turn back up.
Bear trap on nasdaq. something to look out for in the mornings.this is a setup that people are taught as a place where price has a tendency to reverse. I can't really explain the rhyme or reason behind it. I think it is because price is coming back into the area where institutions were trading from the previous day. Those same big fish type traders might be interested in that price again.
Nice Bear Trap - Part IIToday another perfect example of a bear trap:
In the media/ social media: the focus is on inflation. Then a higher than expected inflation came in. But instead of equities coming down we see a rally with more than 200 points in the NAS.
What they didn't say: Inflation only matters if centrals banks would care about inflation. But they simply can't, it is still to fragile and they have to go on and pump more liquidity in the market. And this is exactly what ECB decided today. To move on and... even to accelerate purchases.
Take care guys...
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.
Bitcoin try to enter Symmetrical triangle again, bear trapped Welcome to this quick update.
Technical Analysis ,
BTCUSDT bounced from its daily support level . As said pervious chart , there's a high Liquidity area between $30,000 - $31,000. Price just took out $34,000 area. Currently, price might retest resistance area of $35,150 - $35,800 and seems like breakout and enter the symmetrical triangle again, you can called its fake breakdown or bear trapped here. now bull is full control with good volume.
Break and close above this area will lead to a mini alts rally. There's also some bullish news, which not giving much impact because market sentiment is still bearish by which FUDs are having much higher impact . Keeping in mind the current fear in the market We can get surprised too. Let’s wait and watch.
Break and close above the 43k level could trigger a momentum for another bullish rally. Too soon to say anything though.
SO IN A NUTSHELL : Close below 30k level bearish
Close above 43k level Bullish
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Bitcoin Video Update - ⚠️VOLATILITY ALERT⚠️Updated video on Bitcoin.
We have had a 'nice' combination of Bull Trap-Bear Trap with the price going sideways and scaring away buyers and sellers but volatility is about to kick in.
Take a look at the video and let me know your thoughts.
the FXPROFESSOR
I believe this is not bear marketEven after 50% + correction i believe this is not end of bull market. If we zoom and look at daily chart we can see clearly wyckoff theory and manipulated move. I believe whales are just trying to panic newbies and retail to sell. Miners are still not selling, stock to flow is showing to us this is not end or even close to peak, a lot inflow of stable coins to exchanges, a lot of adresses more than 1000+ bitcoins are adding more. I refuse to sell in this dip even if this is beginning of bear market. I believe we can reach $200-400k range in middle of 2022 per bitcoin. I think this is just bear trap before real gains.
Quick BTC Update - Buy the dip?!Here's a quick update on BTC 4 hr chart. As we can see, the price is right now in a falling channel which also represents the current downtrend. The 30k level is very important to hold - if it breaks, then we are looking for some support at 27k and then some bigger support at 24k level. When we break the falling channel, the price will probably go back up.
In every bull run, you have these 40-50% pullbacks and they are the beginning of new big uptrends. BTC will probably go to 80k in its next big run up, and those who aren't buying this dip, will regret later (Not Financial advice!).
BTC will rise again and we might not see these current prices for a long time when BTC goes back up.
The bull market is not over yet - the historical data doesn’t show that the bull market is over.
And what if I told you that the whales are smarter than you? They are pushing the price down by spreading some FUD, so that they can buy cheap.
BTC Turns bearish on Daily - ShortBitcoin has dropped below the 20week and 200day moving averages for the first time since April 47th, 2020. With a triple bearish divergence, a break of the pitch fork trend and floating below the 20wk MA..I cannot help, but read this as bearish in the short term until we secure a weekly close back above the 20wk MA. Not sure how much lower we could go, there is no telling. How much longer until we reverse, unsure. Is this the end of the bull run? I don't want to believe so, but you cannot deny the chart. There is aways time to return when the whales give us a bullish sign that things are reversing, but I don't see on the chart right now. I remain bullish in the LONG. This is not financial advice, It is only my opinion.
Bitcoin My chart update from July 2020.
Bitcoin touched the 200 ema after months without enough strength to break it. this may have been a good buy point to continue the bullrun, if bitcoin break 200 ema bullrun ending for me
GBPCHF a bear trap 🦐GBPCHF after a few tests of the support area attempt to break below creating a bear trap with a false breakout.
The price is now moving in a bullish price action and according to Plancton's strategy if the market will break above the resistance area we will set a nice long order according to Plancton's strategy.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Begginer guideLets take a look and debate if this is valid. Bear trap is questionable. Only for begginers like me, but every comment will be apriciated!
YMM2021. Possible Bull Trap happening now.Price is looking like it's responding better to bull sentiment at the moment, but there was a massive selloff on high volume, followed by a responsive move on relative low volume. Now price is back at the area of the moveout. I feel like this is a bull trap, and I think Dow is about to get slaughtered.
This might not happen. But, wouldn't it be cool if it did?
We told you this was happening to BTCWell it happened as predicted. You can refer back to this graph that we told you nobody else was showing you. The break down is currently touching exactly on the break down points we charted over a week ago. This all for informational purposes only, but we give you the tools to make very good informed decisions. We are still in a bull market and as has happened before we see massive corrections and bounces to the upside. All weak hands will be shaken out here. We need to watch to see what price action does from here to chart out the next moves. Make sure to share this chart and like it so we can keep providing them to you for free. HAPPY TRADING.
