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Bulltrap

Are we in a massive BTC Bull Trap?MAJOR Lines: RED - 365 Daily Moving Average (365DMA) BLUE - 365DMA * 1.618 (Golden Ratio) Lines From Top to Bottom: 365DMA * 21 365DMA * 13 365DMA * 8 365DMA * 5 365DMA * 3 365DMA * 2 365DMA * 1.618 365DMA 365DMA * 0.886 365DMA * 0.786 365DMA * 0.618 365DMA * 0.500 365DMA * 0.382 365DMA * 0.236 Analysis: Each new cycle has been marked by a diminishing top based on Fibonacci multipliers. x13 has been reached in April 2013. x8 has been reached in November 2013. x5 has been reached in December 2017. x3 has been reached in April 2021. Soon after each top has been reached, BTC dropped back to 365DMA support level. Following later by an attempt to retest Golden Ratio level from below. These events are marked as yellow rectangles on a chart. After an attempt to retest Golden Ratio, BTC has always entered a prolonged downtrend to find market bottom at 365DMA * 0.382 (lowest green line) Is this a massive bull trap before a final push below 365DMA?
BITSTAMP:BTCUSD
by kix_
1
AMC: Falling Wedge: A New Higher Low:We saw a symmetrical triangle as one of the possibility it will form. I did notify about a bearish divergence. As I expected it retrace back around $41 today. In the last 1.5 hours I was giving a glimpse of dipping red price. Is this the first sign of a falling wedge? What I expect this week? I expect a volatile week trapping both bulls and bears. What I want to see is the price goes back to $42 trapping the bulls and then smacking down. This will confirm a falling wedge. If not it will go much higher. So if a falling wedge is to be form this and next week in the 30 min chart. I expect the new higher low to be $38 trapping the bears. Beyond that I am bullish. Anything below $37 will break this pattern.
NYSE:AMC
by gojira91
2
BITCOIN Possible acumulation happeningHello. Im seeing a lot of signs for a Mini acumulation zone of BTC, this analysis comes with a trade im doing. Right now the price can be doing 2 things: 1. 20% chance BEARISH > UTAD( Upthrust After Distribution) Test. 2. 80% chance SHORT TERM BULLISH > Start of Phase D, This can be a START of a Tendencial Move to the upper zone of the bigger range Acumulation. Im trading it from the bottom of the range and have the SL set at entry point 44500. If option 1 plays out, we are going to visit first 40-42k zone. If this is option 2 Acumulation last phase, target is 49900, where is dangerous zone, possible bull trap zone, to start another correction. Trade Safe. Regards. Eng. Alexa
by huloza
Bitcoin Bull TrapHello Everyone, Today I am showing my bitcoin Descending Wedge Bull Trap Scenario. We have seen this pattern at the 60k area and now we are seeing it yet again in the 40k area. Here are the Technicals: 1. Bearish Price Action - Volume is going up as Price is going down 2. Weekly/Monthly showing signs of cycle exhaustion. - The monthly Chart has maxed out on RSI and the weekly is showing similar patterns of market cycle reversal. 3. HS validation and Retest. - Both models show a head and shoulders pattern being validated with a retest. I am expecting a bounce at 38k but this does not change the overall sentiment. I believe we have entered the bear market cycle and will continue to be in it until sentiment changes. As Always, be patient, use risk management, and good luck trading.
COINBASE:BTCUSDShort
by RomanXIV
7
How To Be Wrong And Still Make MoneyOk guys, Let's get straight to it. The exact opposite happened after my last post and i still made 6.5% profit. Even the best investors have 67% win rate. So, how do you still make money while being wrong? First, charting and trading are two seperate skills. You can be a very good charter and a terrible trader and vice versa, because it's the execution that makes the difference. The secret here is to keep your losses small and let your winners ride, but you probably heard this many times. Example: You lost 1% on average on 9 out of 10 trades and win just one trade with 15% profit. This is 5% profit with 10% win rate. It shows you are a risk taker and not afraid to take risky trades. Your risk to reward ratio will be 1/15 which is hard to accomplish, but this is just an example right :) You get the idea, so how do you cut losess, fast? This is something i always do, but not always share and that's why i'm sharing this post today. IT IS THE F****** STOP LOSS! Let's face it, you will never have a 100% probability of winning a trade. We are not fortune tellers, nobody knows what's going to happen next. That's why you have to have a mechanism in place to protect you and that's called the humbe Stop Loss and it's not as simple as you might think. So How Do I Set My Stop Losses? First of all I don't set a fixed stop limit order, but a dynamic market order :) I'm using a trailing stop indicator TOTT Bands, which i told you about many times. It works both ways for longs and shorts. It's a trend tracking system that uses a variable moving average that adjusts itself based on volatility. Stop loss level adjusts itself with each candle. Here's how it looks on one minute chart: This is algorithmic trading with pure math and probabilities. I use 1 min chart for short term profit taking opportunities like the one happened just yesterday and use 1 day chart for long term. Here's how it looks: But don't be fooled by the simplicity of how it looks. I've spend almost a year to get to this level before i found this indicator. I had to learn how to optimize it, because the default values WILL loose you money. I purchased a software just to backtest it and just realized the software wasn't working on 1 min chart due to a bug, so i had it fixed etc. I now have a short term profit taking system along with long term strategy. But you still have to learn technical analysis to optimize this indicator, simply because you should know where the system should sell and buy or you will end up with some lucky trades which will later turn in to bust. It's not easy. This is how i survived yesterdays drop with 6.5% more Bitcoin by taking profits with my stop loss indicator and buying back lower. I used 30% of my account to take this trade which was set earlier for risk management purposes, because i've planned this trade and traded my plan! I was sleeping when stop was hit and on the way to my daughters school when it bought back. It works like a charm and i have not lost a single Sat since i started using it in May. How Do I Automate This? Using tradingview alerts and 3commas DCA bots which is connected to your exchange. Any alert you set on your charts, be it a trend line, price alert or indicator, can send a sell or buy signal to 3commas bots and it will execute on the exchange. You don't have to use this indicator, but use any stop loss that you can set. I may not be the best analyst in town, but i know who is. I use the tools they build, learn from them and i wil continue to sharpen my skills. TOTT (Twin Optimized Tracker) Bands was built and shared at no cost by veteran trader Anıl Özekşi in Turkey as an upgraded version of his long time tested MOST indicator. It's published free by his colleague Kıvanç Özbilgiç, who is in the pine wizards list of Tradingview (www.tradingview.com). I also take courses from wyckoff analytics along with chart champions to sharpen my TA skills, so i nvest heavily in this. Context Matters When i share an idea, i'm interpreting the situation from my perpective. Which is the long i took at 41k. If we reject from 48k and take a nose dive, that's not a problem for me as i also have both the short term and the long term stop loss as i explained above. If you agreed with my idea and opened a new long position without using a stop loss, you need to sharpen your trading skills and learn risk management. What now? Let's go back to our chart, i think yesterdays price action is undeniably the spring. The shakeout on Sep 13th had the spring type nature for sure, but it did not cross below the Selling climax. Lessons learned: Spring should cross below SC. Also, notice how yesterday's volume is less than tiny Sep 13 shakeout. Diminishing volume shows supply is exhausted and all weak hands are shaken! The double swing high was also confusing. It's a combination of upthrust and sign of strength, or may be just a bull trap after Upthrust. It did not even reach the resistance zone before going down which is a sign of weakness. Yes, i think it was a bull trap after the upthrust. Right now price sits at the support zone, waiting for the FED meeting. I don't expect further downside and we should see a restest of the spring followed by a strong rally. This will validate the accumulation. If we go below the spring, then this turns out to be distribution which i don't think it is. But remember, this is a similar situation we had back at 29k. Elon Musk & Jack Dorsey moment. But that was the restest of the spring, not the spring itself, so expect further sideways as well. So, i'm even more bullish now (Note that this time at support zone :))) but hey what do i know :) PS. I know some of you will start trolling this post just like before. If you are happy when i'm wrong, that doesn't change the fact that i'm still winning while being wrong, but on the other hand you should see a phsycic :)))
Long
by BitcoinMillio18
20
Why BTC price might still be a bull trapCOINBASE:BTCUSD has been ranging the last two weeks. Now it's moving beyond 50k, long awaited by many. But it might still leave the range to the wrong side at the end of the day (week, maybe). Why? Never (at least in the last year) Bitty left a range like this with less than 10k daily volume (measured at KRAKEN:XBTUSD). At the time of writing we're gone past 50k, but on only 2.5 k trading volume. Aussies did their bet, Asia is through, Europe (17:50 Berlin time) too, and US has only about 8 hrs to go, after being on the button for about 4 hours yet. There's not much to come yet, I guess. There's just too little belief in the next bull run at this time, I think. This is not a trading advice, just my private analysis.
KRAKEN:BTCUSDShort
by My2CentsOnBTC
BULLISH TRAP : BTC Massive DUMPGreeting from IRAN to whole trading community What Is a Bull Trap? A bull trap is a false signal, referring to a declining trend in a stock, index, or other security that reverses after a convincing rally and breaks a prior support level. The move "traps" traders or investors that acted on the buy signal and generates losses on resulting long positions. Whales has started a massive DUMP on Bitcoin on 7th Sep 2021 19:10 !!! They dropped the price about 7.000$ and had reached to 42.000 in less than half an hour When price had dropped massively , many traders come to open their 'Short Position" And that's the best SPOT for Whales to do their "BULLISH TRAP" Right after that massive full body Bearish candle closed (5m TimeFrame) , They start to buy all the orders and PUMP the price about 6.000$ or 15% in only 5 minutes!!!!! THAT'S WHERE THEY CAN LIQUID TRADERS ABOUT 2.700.000.000$ IN LESS THAN AN HOUR!!! So notify that "Cryptocurrencies" is a market that whales can affect it easily , Future trading is high risk so manage your levrage and money in order to avoid such these attacks Wish you best of LUCK ☘☘
by nima-mohammadkhani
5
It Looks Like A Double Bottom But Very Likely Could Be A TrapI was looking at this earlier as a potential double bottom with bullish divergence and was looking to take a position after the sessions opened but after a few hours of waiting and letting the trading of this asset go on during the sessions i have not seen anything that would signal immediate bullishness. I think that this "Double Bottom" Has potential to trap many bulls and instead send the price down to around $9. The signal i will be using to enter short is once the MACD breaks the trendline and crosses bearishly i think we will see a nice move down to the $9s
Short
by RizeSenpai