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BTC Long term Vision! Bulltrap alert!!What Makes Bull Traps Happen? Wishful Thinking Bull traps can emerge after a market downturn appears to have been exhausted. In the wake of steep declines, there’s often clamoring among investors to grab an early seat for the ride back up, get in at what appears to be a bargain price, and/or pick a bottom. These initial buying spurts may push prices above certain chart levels, and these “breakouts” can trigger more buying. But such breakouts may actually be false signals, and the price soon resumes a downward path. So, what is a bull trap? A bull trap fools some traders into thinking a market or an individual stock price is done falling and that it’s a good time to buy. But then it turns out it’s not a good time, because the price soon resumes its descent, catching buyers in a money-losing trap. In many ways, it’s the opposite of a “bear trap,” which can fool traders into selling out too soon in the midst of a bull market. Here, we can go and print 25k..even 30kish..still I'd say it is going to be a bull trap! I also see the overall market conditions and it doesn't seem good. Do you agree or disagree?! Comment down below!!
BITSTAMP:BTCUSDShort
by The3eyedFrog
2
Unique Update Of BitcoinHello, welcome to this BTC /USD 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Bitcoin (BTC) fell below $17,000 in today’s session, as markets continued to react to last month’s retail sales data. As retail sales in the United States disappointed, BTC/USD slipped to an intraday low of $16,997.54 earlier in the day. This comes less than a day after prices were nearing a breakout of $18,000, hitting a peak of $17,725.88 in the process. Looking at the chart, bearish pressure intensified following a breakout of a floor at $17,200, with the price now trading at $17,023.22. This slight reversal comes as the 14-day relative strength index (RSI) moved close to a support point of 45.00. The index is currently tracking at the 47.05 level, and should price strength hit the aforementioned floor, BTC could land at $16,800. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
BTC/USDT 4HOUR UPDATEHello, welcome to this BTC /USDT chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:- BTC broke the $18.1K mark and $17.2K is testing support. A breakout from the mentioned level could pave the way for an increase toward $20.6K in the near term. However, the RSI indicator is already showing green flags as the indicator is in the oversold zone, currently hovering around the 46% level. This signal could point to a pullback in the coming days, leading to a possible return to the $20.6K area. A break above $17.2K would be a more likely outcome given the relatively high probability that the Fed will raise rates and reduce the momentum of the recent rise in prices. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
by CryptoSanders9563
2
Wave Fusion Called The Short on BTC!Looking at our BTC chart on the 4hr timeframe, we can see Wave Fusion called the short perfectly which also coincided with the top of our upward channel! This was a huge fakeout for a lot of people because initially they thought the FOMC numbers were good but it turned out the FED is still hawkish for 2023 and actually raised their expected numbers (hence the reversal). Now I'm looking for $17.6k to hold as support. If it doesn't, then I'm looking at $17.3k to be the next major support level since it also coincides with the 200 EMA (pink line). I'm still expecting the top of the channel to act as resistance and if we manage to break above that, then $18.7k is our next target. If you enjoyed my TA or want to purchase any of my indicators, please leave a comment or send me a PM :)
Short
by CryptoScripts
2
BTC Remains Higher Ahead of Fed Rate DecisionHello, welcome to this BTC /USDT 1DAY chart update by CRYPTOSANDERS. I have tried to bring the best possible outcome to this chart. CHART ANALYSIS:-Bitcoin (BTC) was trading close to the $18,100 level on Wednesday, as markets remained higher following the latest U.S. inflation report. Following a low of $17,412.19 on Tuesday, BTC/USD surged to a peak of $17,690.09 earlier in today’s session. As a result of this move, BTC continues to trade close to its highest point since November 9, which is the last time price was above $18,100. Looking at the chart, this recent rise in momentum came as the 14-day relative strength index (RSI) raced to its highest point since early November. As of writing, the index is tracking at the 60.00 mark, which is marginally below a key ceiling at the 60.75 mark. Should bitcoin climb beyond this point, we could see the coin once again move above the $18,100 point. This is not a piece of financial advice. Hit the like button if you like it and share your charts in the comments section. Thank you
BITSTAMP:BTCUSD
by CryptoSanders9563
5
How a possible tradeplan could look like #BTCHi @everyone, In this chart we explain how we could enter a trade if this scenario will occur. Its used for educational content (but based on a real plan) to show how to create a plan on a possible scenario. Always think a few steps ahead, its just like playing chess. Its not given that this scenario will play out but,,, : if this happen then we know how to anticipate. We should wait for conformation (divergence), if no divergence? Then wait till 2nd conformation, if we missed out? Then wait for 3th oppertunity to enter the position. Trading without having a plan, is like driving without hands on the wheel. It can go good for a while, but 100% for sure u will fail. Cheers, Team Quantistic
Short
by Quantistic
2