CRYPTOCAP:BTC Volume has been crippling while the price has been moving up. This is a bearish divergence, and signals a Bull Trap. $50,6 is still the support we need to retest before we reclaim this $60-70k range.
The last bullish move was quite strong, with the price moving above a large consolidation zone from March to April. Now, we have something that looks like a bull flag—the price is crawling slowly down, finding some support near the consolidation POC. This is a very tempting opportunity to enter a LONG position with a potential upside of 15% or more. However, it is...
NQ Futures could be trying to setup an ascending triangle to catch bears short at the bottom with major upside potential with a breakout and confirm. Will almost certainly coincide with data/news that will either play out a bear trap or a bull trap on the same timeframe for the next let the market takes. Often these patterns forming at the bottom of a range end...
I'm super bullish on BIST:LINK long-term but this is honestly one of the worst charts of the majors rn crazy to see analysts calling this bullish today we'll see a Bull Trap from those 3 White Soldiers Price action below the 20, 50 and 200 Moving Averages If we get that Death Cross on the 200MA D then its straight to $10.6
IVL | Thailand SET Index | Petro Sector | Chart Pattern Trading > Ascending Triangle continuation pattern - Bullish Trap with limited upside > Price Action: Wait for tighter candlestick consolidation - Entry @ Demand Support Line Zone only > RSI - bullish trap signal > MACD - Bearish Divergence DP
In my last TA post, I talked about the possibility of Bitcoin heading back to the $35-36 range before the halving, and I still don't think I am wrong about that. Let's take a look at why... Bitcoin is really hitting some resistance at the current range. When I look at other cryptos like Ethereum, it's much of the same. This pattern looks to me like a bull trap....
In the 2020 Bitcoin halving, the Bitcoin block reward dropped from 12.5 to 6.25 BTC per clock. The Bitcoin 2020 Halving took place on May 11, 2020. The next Bitcoin halving is estimated to take place in March or April 2024. #BITCOIN #ALTSEASON #CRYPTO #CRYPTOCURRENCY #MEMES #X #CRYPTONEWS #SATOSHI #HALVING
🌐 Greetings Crypto Enthusiasts, Today, let's set our sights on RNDR as it gracefully maneuvers within an ascending channel, painting a compelling narrative on the charts. RNDR, known for its strategic plays, exhibits a unique pattern—repeatedly forming a bullish flag after a bounce from the lower channel boundary. What makes RNDR an intriguing asset is its knack...
Bitcoin, the flagbearer of the crypto realm, is currently demonstrating a masterful dance within an ascending channel. Beyond the technicalities, there's a fascinating interplay of liquidity that savvy traders are watching keenly. Let's unravel the dynamics of BTC's ascent, the lingering liquidity, and what it implies for the next upward swing. Chart Analysis:...
There's a new player on the market, and it's making waves with its bullish demeanor. TON, the fresh-faced token, is displaying early signs of strength, trading within an ascending triangle that hints at an imminent breakout, poised to reach $5. Let's delve into what makes TON a compelling entry into the crypto scene. 📈💪 TON's Bullish Prelude: TON has entered the...
Enough said & I knew from the start and way ahead. 100% bull trap , incoming crash. As I said earlier inside 33K or 34K area. See you at the bottom in 2024
CME_MINI:NQ1! broke out of a textbook bull flag price structure over the weekend and has consolidated nicely throughout the trading day Tuesday. We see two price targets of interest: 15600 - the price structure of the most recent high and the implied move of the bull flag 15063 - the approximate point of the bull flag break and currently the location of...
Trading cryptocurrencies often requires deciphering the subtle cues that the market offers. One such phenomenon is the apparent decrease in trading volume while prices continue to climb. While this may seem like weakness, it can, in fact, be a trap for shorts and a strong bullish signal. Let's dive into this intriguing market dynamic. Understanding the Volume...
CME_MINI:ES1! CAPITALCOM:US500 CME_MINI:NQ1! CAPITALCOM:US100 Hourly consolidating in a bear flag. Incomplete bear count and looking for a one more low for Wave 5 followed by a big bounce. Not a buyer of first bounce after the big sell off. One more low and stop out early bulls and trap late sellers and send it higher.
Introduction I lost a lot of money when I began trading in 2018, and truth be told I have not made it all back yet. For years I blew up accounts not being able to recognize bull traps and properly set my stop losses (or take profits) and I engaged in a lot of capital destruction. As such I have spent a lot of time trying to make sure I don’t destroy more of my...
Good Day mates Happy new week - even though its already Wednesday. Time away from the charts is always a good thing. This week we have major US news - Previous week liquidity all taken - Liquidity Gaps created - Bullish price action - Breaking previous highs Last week the 4hr flip zone (34679) held strong. Price respected this zone very much. Price kept...
Hola ! Last week Friday we hit the sellside liquidity = 33+ day lows taken out Anticipating a stronger correction before we go lower.. i will however be watching that sellzone carefully just to catch a few ticks Remember always to follow your rules ! Cheers
Yesterdays PMI data came in and most probably busted many accounts. I watch these live videos on socials. Counted at least 18 people with sell orders for gold yesterday... we can see bullish momentum with gold currently - Breaking previous highs - Sweeping lows - Buyside target We can also see sell side liquidity, as market is creating higher highs, sellside...