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
Bulltrap
BTC Update, My Plan for BTC for Septaccept Reality, we aren't bullish at this point, nor will we be, if u wanna follow, do so, if u don't, just don't fall into the trap of moons and stars ;)
SL at 60k,
will ladder till 53k if it does deviation,
Tps given, i'll be personally holding this and will take profits at 26k ;)
FCEL Pt 6In part 5 I noted how I thought it was suspicious how retail heavy stocks were all suddenly trending up but to drive that point home look at FCEL, SOFI, NNDM, IDEX 15m time mark and you'll see a upward trend begin after august 20 (last Friday). Super Sus imo.
On to the matters at hand, as found in an article from investor place, "High valuations and a relative lack of catalyst have been the main culprits," in why they suspect FCEL hasn't been getting the attention it needs.
The main reason this is a long play is because the global economy is shifting to renewable energy vehicles one, and many investors (myself included) hopes to see this return to the pre Feb 8th highs of $28 give or take.
Two key catalysts the article covered
-upcoming infrastructure bill (Oct. 1st)
-China move into the hydrogen space
Personally, for the time being there is only one true catalyst and that is the infrastructure bill. Granted China as powerful as they claim to be has been on bs all year from the bitcoin crashing to the dictator like control of wealth hindering the likes of BABA and NIO. So, imo if China enters the space soon, yes it may push investors more into established American based stocks but too unpredictable for my liking.
Concerning TA
both the 1h and 15m times look sketch we've broke the suspicious bull trend line discussed above and are fighting to regain directional strength. as the days get closer to October 1st we may see a buy the news sell of anticipating a spike after the bill passing (Hopefully).
TITLE TO ARTICLE: Fuel Cell Stocks: Why BLDP, PLUG, FCEL Stocks Are Getting Green Today
If this helps you let me know, I'll add Fundamentals to my TA.
Update more detail added for BITCOINs next big reversal downSo just adding some additional price areas to my chart.I have also provided the RSI indicatorto show the major hidden bearish divergence, along with the regular bearish divergence. These are both yet to play out and paint a picture of a solid move-reversal down to the areas i have charted here, trade safe and have a plan. Love to hear anyones thoughts, cheers $urfbeach73
Cautiously Bullish On Cryptos I have made more than I could have hoped for during this last month on many alts, harmony has been good - not great so I’m going to look to take profits on my alts including $one into the next rally above 51k
Then once btc goes above it’s all time high I will re enter on the first pullback. I am going to be cautious not bearish and I urge others to be cautious during this phase.
! This is either a bull run or a bull trap !
Anything could happen, no one knows what’s next so it’s best to take profits and wait to see what happens next. Your either going to have to HODL and risk a potential sell off or take profits and miss the ride between 52-55k and 64k
(Warning - there could still be a potential 50-100% run on harmony one, I just don’t see the volume here and momentum, at least yet. This could change at any second - like if some influencer starts getting bullish on $One’s ecosystem - so for me I’ll be keeping alerts on $one and if I see a rush of volume and momentum I’ll jump back in)
DYOR and Be Cautious, take profits, and be ready for anything.
BTC Weekly 8 and 21 EMA acting as Golden and Death CrossA nice observation could be this of 8 and 21 weekly MA on BTC, noting in mind that an attempt to make a golden cross after the death cross was made which always resulted in more than 60% correction ;)
if u have any money on spot, i'd recommend to get out b\w 50-52k after that a dump to 26k follows ;)
Bitcoin Losing Momentum (Bull Trap)Simply, when bitcoin correction touches MA 50 and death cross with EMA 50 then bitcoin will dump. In my previous analysis Bitcoin is in bearish crab and decreasing volume.
If Bitcoin can break out from $52k, it will be surprising to me because the volume is not enough to break out $50k.
BTC Bull Trap IncomingIf you don't understand this graph but you are invested in crypto, I feel for you. I was there once and I am sorry about all the money you are about to be "confused" about. Long term this asset is still bullish in my opinion. Although a bearish trend is still in the near future. I don't recommend anybody make investments without doing their own research. We will have some weeks of up and down price action, but these lines have been accurate for months now. I have not posted on here because I have been receiving requests to get paid chart analysis individually for certain clients. That has taken up most of my time. I am giving this chart for free and I hope you take it seriously. Happy trading!!!
BTC Short Above 50KThis is just an idea I've been entertaining for several days now, not financial advice. If BTC breaks above 50k, a ton of people would FOMO in because the price moved above a major psychological level for many people. But, if you look at the chart, there is obviously some heavy resistance between 50400 and 51500, which the price will probably reject off of IMO. This should be similar to when BTC broke below 30k for the first time, everyone thought it was going to zero, but there was obvious support at 28800, which we bounced off of. Or when BTC broke above 40k recently and everyone thought it was going to the moon, but really there was a lot of resistance between 40500 and 41000, which the price rejected off of and quickly dumped to 36k.
I will take this trade if the price is already overextended on smaller timeframes (5m, 15m, 30m) and there is low volume after breaking 50k
#BTCUSDT Bulltrap coming soon, beware next few weeks!!*Hi guys, nice to come to my signal!
- August 15 shows BTC price recovery signal from $30k to $47k. We've had 4 weeks of growth and haven't seen a bearish candle this time around?
However, the $49-55K price zone will most likely end the BTC bull cycle, it could be a bull trap zone for the bulls. We should look objectively at the downtrend on the weekly frame.
- I hope for sustainable growth, however, I do not believe in whales, because they are always ready to kill all the inexperienced people in this market.
Above is the warning of the downtrend and the next trend on the weekly frame.
Wishing you all a happy Sunday.
My wisdom, from chalynguyen.