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Bulltrap

GLOBAL EQUITIES BULL TRAP | FURTHER DOWNSIDE EXPECTED Often in downside and upside moves of large magnitude, a phase is present where a large correction occurs. This is known as a Bear or Bull trap, respectively. It is reasonable to say that we could be in a bull trap right now with stocks up by almost 30% An average market cycle high to low has been in the region of 50-60%. This would bring price to strong support and a reasonable area for a rebound (Buy Zone) This assumes that this downside cycle will be of the same level or worse than the previous downside cycles. The reason for such an expectation is due to the extremity of Covid-19 in terms of unemployment, trade, demand shock and other macro-economic metrics/indicators. Also the fact that the pandemic indicates a more longer/severe cycle due to the nature of the event being so complex and impactful. VERDICT: Signs of a bull trap are becoming increasingly more noticeable and this, along with the extremity of Covid-19, indicates that the crash is expected to continue further.
SP:SPXShort
by JayanVarsani
Does it look familiar to you ?Hi everyone I hope you are doing well and staying healthy. Today I wanna point out about the same pattern we had on top of the last trend. In my eyes and in my personal opinion it seems like we are watching the same scenario again. both of these patterns show constant high volume and the last effort to sell what is left(selling climax) followed by a bull trap. Personally I think we are going to have another consolidation phase before halving. Stay safe & Healthy.
GEMINI:BTCUSD
by arnemati
Why I exited my remaining equity positions todayBull-market pricing in a bear market The S&P 500 is currently priced like we're still in the 10-year bear market. We're well above the 10-year upward-sloping trend line, and we also ended today right on top of the 50-month moving average. We're also well above the 2019 lows. This probably isn't sustainable, however, because just about all the analysts agree that we're in a recession. Why is the market rallying so strongly? The market is rallying because the government's measures to stave off a financial crisis have been truly legendary. Worried about corporate debt? The Fed has pumped trillions of dollars in loans into the financial system so companies can pay their old debts with new debt. Worried about household mortgages? Many people who lost their jobs will make more money on unemployment, thanks to Congress's stimulus package. Worried about commercial mortgages? Small businesses get free money to pay their rent, and banks are giving out rent holidays. Worried that business closures might last too long? Trump has promised to lift lockdowns by Easter. In short, the efforts to keep the debt bubble from popping have been so Herculean that at this point it's hard to see how they could fail. It's like that scene in The Big Short when the shorters realize they've "bought into a rigged game," and CDOs might not be allowed to fail. Only the efforts to keep debt from failing this time around have been far larger and have come far faster than in 2008. The US government may have been a month too late to contain coronavirus, but they acted a lot faster to contain the failure of bad loans. In many ways, the market rally is justified. Can the rally continue? In my opinion, this rally has played itself out. There remain at least a few important sources of risk that make a surge past the 50-month MA unwarranted. 1) Oil prices may collapse to $10 per barrel as storage space runs out. 2) State governors may not play ball with Trump's plan to end quarantines early. 3) Dividend cuts and suspensions may change the value proposition on many equities. 4) Earnings may continue to be revised downward, especially for banks that are giving loan payment holidays. 5) Even if the US ends quarantines early, quarantines abroad may prove a continued drag on the global economy.
SP:SPX
by ChristopherCarrollSmith
57
Sequential Bottom. Death cross-50,200 day MA. Retest Imminent What most people are overlooking is the 2011 market decline. I think we're going to see a sequential bottom with an undercut of the prior low. It happened in 1974 in which there was an Oct. low with a subsequent Dec. low. It happened in 1980 with the bunker hunt decline, in 2001, in 2008-9. Point is we historically have had secondary tests. This death cross of the short term MA crossing through the 200 is signaling an imminent retest. So, it would make sense for the sell-off to occur this week because I think we're yet to see major equity selling during this Quarter-end pension fund rebalancing.
AMEX:SPYShort
by TheMandalorian27
11
Can we continue the actual bitcoin run?Hey Altsignals Members, as update for the last swing trade in our BitMex channel and public one, we need to make some quick and small updates. 1/ Price perfectly bounce around our entry zone and 0.5 fibonacci level. 2/ We're above 400% profits if u take an entry below the 8600 level (Signal was sent at 8540) 3/ On the hourly chart we're trying to break a parallel resistance, which is around 8930$. Only after break and create candles above the 8900 level in the hourly chart, we will see a bullish continuation. So, keep your eyes open for a possible rejection of the current level, which could be the start for a ride into the 7200 & 7500 zone. ATM we stay bullish taking adventage from our perfect entry. Currrent Stop loss at TP1 ($8650) Current support at $8850 Current resistance and possible breakout point in short term, above 8950 and 9050.
BITMEX:BTCUSD.P
by Altsignals
Higher highs? BULLTRAP? Golden crosses!Hey there, so this is a pretty important post right here. Leave a like, commend and share this post! Also follow me, if you don't want to miss out! As many of you migh already know, we had the cross (golden cross) of the 200 and 50 MA on the daily chart coming and it happened today. More or less surprisingly, we saw the price ralley strongly to the upside. We are now again above 10K and are getting a bit overbought on the smaller timeframes, but nothing too scary. The golden crosses of the 50/200 and 100/200 have been very bullish signals for Bitcoins price in the past, and could play an important role in the future. Price rallyed significantly from these golden crosses. These signals are though of even more important value, if both moving averages are heading into the same direction (up or down) while they are crossing. Only then is a true bullish signal given, imo. The bull flags on the daily also where very nice buying areas and still seem to be. There is though still the posibilty for this second ralley over 10K to be a bulltrap and to trap all the bulls, thinking Bitcoin is going to 12K. A breach above the last high and a further sharp 10% drop could signals a bulltrap and would be a concerning factor to me. So keep your eyes and minds open! Definitely follow me on social media and especially my YouTube channel: YT: Enlightened Trading Instagram: enlightened_trading_ Cheers, Konrad
BITSTAMP:BTCUSDLong
by EnlightenedTrading
BTC Giant bull trapTo me 3 things are obvious: 1. The latest BTC spike is abnormal. It occurred for no apparent reason and coincided with bitfinex maintenance. 2. The spike came at a time when bulls are losing steam and someone could argue that it looks like a BIG FLASHING NEON SIGN urging them to re-enter the race. 3. Nothing defies nature's laws, and what goes up will come down. Conclusion: "What you don't know, won't hurt you, it'll kill you. Like if they tell you you're going to shower but they turn out not to be showers." and since it seems that I do not know a lot about the recent events I decide to stay out of the market until things start to make any sense.
COINBASE:BTCUSDLong
by fpunx
11
Possibly the most important weekly close in BTC historyThis is the superbowl for bitcoin. Will it close in the Weekly cloud @ ~8500? Will the TD Sequential close with a green 2 well above a green 1? Will the price find support on the .5 Fib line also right at ~8500? Will the price close above the downtrend line created by the wicks from 13.8k and 10.5k? In my opinion, the Bulls executed this move too early -- they are now tasked with maintaining momentum for 5+ days, which I think will become increasingly harder unless they can continue to push it up. Something like this would have been much better to do closer to the weekend, to give the bears less time to react. I suspect this weekend will be a BATTLE, as the bears are just lying in wait, perhaps licking wounds but preparing, and will time a strike when nobody expects it coming, probably over the weekend. Everyone's been talking about a bulltrap for months and months, yet when it's finally potentially here -- everyone is calling for the moon, which is ironic. All eyes on 8500, should be fun.
BITMEX:BTCUSD.P
by blockchaingetheworld