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Bulltrap

BTC - BREAKOUT OR BULL TRAP ?DAILY (D1) Yesterday's price action triggered a second long white candle in a row, which broke on a closing basis (41'505) the upside triangle trigger level @ 41'115 which should, potentially activate the triangle technical target, calling for a move towards 43'400 , which is also, by the way, projected in the next days the top of the daily clouds resistance area and therefore should be seen, if reached at a KEY PIVOT LEVEL FOR FURTHER DEVELOPMENT Interesting to note that 43'390 is the 50% Fib ret (48'534 - 35'547) and also the KIJUN-SEN, meaning very important level as previously mentioned. Nevertheless, following this first upside breakout I would remain cautious and it also could be a BULL TRAP as already seen in the past... In addition, the current level of the daily top clouds resistance area (41'900) is working as the first obstacle to be broken to confirm this upside move towards 43'400. On the downside, a failure to hold and close on a daily basis above the triangle trigger level, now @ 41'061 should be seen as the first warning signal of a wrong breakout and would put again the BTC on a neutral mode, roughly in the middlle of the daily clouds. 4 HOURS (H4) TOP OF THE 4 HOURS CLOUDS is currently working perfectly well, in rejecting four successive upside breakout attempts !! RSI is losing momentum and began to turn down. LAGGING LINE is above both TS and KS but did not managed, so far, to enter in the clouds resistance yet... First support to look at in the 4 hours time frame is @ 41'166 and a closing below that level would increase the risk, calling for further downside towards the 4 hours clouds bottom area, around 40'300 (MBB being @ 40'467 and KS @ 40'150 Globally the psychological 40'000 former resistance level became now the NEW SUPPORT which should not be broken in order to keep going the ongoing upside bias ! 1 HOUR (H1) Short term support @ 41'277 (currently under attack) ahead of 41'166; 38.2% Fib ret of the last rally @ 40'53 , 50% @ 40'158 and 61.8% @ 39'781, this Fibonacci retracement zone match with the hourly clouds support area, which, also, perfectly corroborate the important 40'000 support level previously mentioned in longer time frame. Have a nice trading day. IRONMAN8848. - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
1
BTC SHORT TERM DOWNTREND???BTC failed to break middle of gann box from the middle of the trade. Gann box is veryy good tool used for entries on downtrends( when there isnt much supply or demand zones) Everything above the middle of it is considered espensive and everything below is considered good to buy. They should be used with trend and current trend for last few days was bearish so it confirms the move i think btc will go to. Also zone on 1d timeframe that caused higher high wasnt reached(1d demand zone on chart) 37.5-39k area and is most likely to be tested. After it gets tested uptrend may continue and maybe even bullrun. All this is also confirmed on USDT.D chart which you can look more about here. BTC VOLUME IS VERY LOW THESE DAYS SO YOU SHOULD BE AWARE THAT IT CAN HAVE SOME LIQIDUATION WICK
Short
by UnknownUnicorn26826311
Bull trap breakout smart money shorts onetotwentyRR the beakout we have here is a new lower high on HTF a leg up to convince buyers to buy for a bulltrap. yep i said it a bull trap to get dumb money in the market to build more sell stops under the short term lows. this is a very valid set up for smart money sellers to short here in the high of the order block i have marked. if price breaks the proteccted high structure then my idea is invalid but until then this is now a sellers level back down into the previous monthly lows attacking sell side liquidity. thanks for watching
COINBASE:BTCUSDShort
by Marioheard
BTC NEXT MOVEI think we will see where BTC is going within the next 20 hours (my guess is in the next 8hours but who knows...). I have my technical targets shown on this chart. I'm currently sidelined looking to get a decent short entry. Volume on HTF doesn't justify this breakout to be sustainable (imo). Lot's of bearish divergences on RSI even on the daily. Break my violet line (45704.22$) and close above and I'll be sidelined + not looking to short. However, with all these potential black swans I won't long at the moment. If this happens to be a so called bull flag, which I heavily doubt, I could see us touching the upper zone of my resistance box which would mean (51579.45$), a very long way to go, but you never know with BTC. Note that there is a CME gap in the 42k area as well. My system tells me 42.5k area before another bigger move (this would also line up with the EMA50 on the 4H which could act as support). I have much more to say, but let's keep it "short"! Note that this is NOT Financial Advice, I'm just sharing my view and looking to have discussions in the comments! Still learning everyday!
COINBASE:BTCUSDShort
by One4One
Bitcoin doing Bitcoin things... #btc Bitcoin broke out baerishly of the small uptrend it created recently, to test 40k once more as support. So far it's holding on for dear life but again only lower highs, the argument of bitcoin holding 40k gets weaker and weaker. If we break 40k to the downside, 38k is the next target and if that cant be hold, we test the january lows again, and might go for a type 2 return of that harmonic, what actually would make up for a great spot to buy bitcoin. Proceed with caution at the moment, with the situation in ukraine, we can't be aggressive in this markets, there are times to make money and there are times not to lose money. Good luck on your trading!
by 10xTrading
Is the crypto market creating a bulltrap? #bitcoin #ethereumCrypto TOTAL market cap fell back into the price channel once more, after the current situtaion in ukraine keeps the markets on it's heels. Also that short term demand line got broken as well. Depending on how reliable the volume is in the TOTAL chart, the volume in the selloff was pretty huge as well. We might see some violent moves in the crypto market soon, either to the up- or downside. It mostly will depend on how the situation in the ukraine turns out, as it seems that is the biggest concern markets have at the moment. Do NOT forget about the FED though, they probably might get jealous with all the attention the ukraine situation gets, so they might drop something too soon :D Most importantly, stay calm and don't overreact to the current situation and keep your spirits up! Good luck with your trading!
CRYPTOCAP:TOTAL
by 10xTrading
$US500 S&P500 - will the .236 retrace hold? DAWEIThe shenanigans around the situation in the ukraine continue, as the market has thrown another tantrum over it yesterday. We got rejected once more by the supply line that defines the current downtrend we currently in. If the .236 Retrace at 4360 can't be hold as support, we almost certainly to go back down to the january lows, and with that double top pattern and overall lower highs, those january lows, might not hold, and markets would be poised for another leg down. Proceed with caution atm, cause every little rallye seems to be sold off the next day, we clearly have not seen a reversal to bullish structures again. Good luck with your trading!
U
by 10xTrading
History suggests this is a Bull Trap in the makingEth just finished wave 3 of a bearish impulse, wave 4 will offer price relief to the upside over the coming days with a visit to $3250 - $3300 likely. Eth may even touch $3500 before wicking back down. Wave 5 will see price action testing anywhere between $2300 - $2600 over the next couple of weeks. Price needs to close above $3300 to invalidate this. Previous cycles have seen a capitulation at the end of wave 5 which could see a wick below $2,000, this is followed by a reversal. Blockbullder
INDEX:ETHUSD
by Blockbullder
BTCUSD: Bull Trap Pending ⚠️This is my second sell option to join the market. Please look at my related idea below to see my original idea for sells. If price holds and continues to reject this region, I will consider sells into 20k from here. IF price invalidates this sell idea with won't take a trade and we will simply wait for our first idea below to play out. Traders, if you have your own opinion about this idea, write in the comments section, I always reply. 💬 🚨 RISK DISCLAIMER: Trading Crypto, Futures, Forex, CFDs, and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use a tight stop loss. -------------------------------------------------------------------------------------------------------- Please like, subscribe, and share this idea with others! ⬇️ --------------------------------------------------------------------------------------------------------
Short
by AlkalineFX
37
Double Top On EURUSD 4-Hour. Will it play out?Good morning! Today, we are on the EUR/USD pair. We are looking at the 4-Hour time frame. It seems we have a double top at play here. However, I’m not convinced about the neck zone ( Liquidity zone ) We have full (pure) divergence across the MACD. We also have a large bullish volume break-out bar. This could mean that it’s a bull trap and that price will move down further which would be added confluence. However, I want to see further impulse lows closing below the neck zone in its entirety before a retrace up to the top of the neck zone. If this happens then I would short this pair at that point and my targets would be the previous price structure which I’ve shown on the chart. It is a Friday so this could take some time to play out. Either way, it’s one to watch as we can always learn from these patterns. Hope you all have a great weekend and I will be seeing you all on the next one!
Short
by TheVortexTrader
Do it like GreeceStudy the greek economy & politics from the period 1990-2012 and you might find a lot of similarities with that is currently happening in the US. Greece experienced a credit boom from 1990-2008, people however were living above their means. We faced the biggest bubble in Greece's economic history during the 1999 when everybody was playing the stock market! and i mean everybody! i remember my father telling me that the biggest sign he saw that the bubble was about to pop was when his mother in law (late 99) came and told him that she wanted to play the stock market as well! When he asked her why she replied: because the other granny across the street is making money... That was the sing! who the hell was left to buy???? Then the bubble popped together with the .com bubble but people were not selling in the contrary in 2003 they start borrowing and selling their houses,farms whatever they had and played all in! because in their mind and in the media that was the bottom! The ultimate buy the dip!!!then we had the golden age of modern Greece! Various outstanding sports events wins! like the Euro 2004, beating the US Basketball Team, and the cherry on top hosting the Olympic Games of 2004, oh boy euphoria was back in the game and this time for good! We were borrowing more and more money to live a life we could not support! our debt got bigger and bigger but when the 08 housing market popped it was time for us to pay our debts! You know what happened next! check the graph here (www.capital.gr) but only till 2012 because then we had to recapitalize our banks 4 times so the graph is not representative of the whole market. From a political perspective the 2 biggest political parties left and right had to form a government together in order go through this tough period. Our debt was restructured and taxation went sky high! especially for the middle class who paid the majority of the bill! How are things now? well we sold almost all our assets to foreign investors/countries for peanuts! we got used after 10 years to a -50% income and prices are something like 100%-200% higher than 2000...
SP:SPXShort
by Philoslother