Get started

Fake

hardcore support 1700$ btcNothing interessting. I have a hardcore support @1700$. Nothing is certain in these times. Btc will do what instituationals want at this point. I am a long time believer of bitcoin. It will recover and grow stronger than ever. We might see btc sub 1k, but for me its highly unlikely. Too many people would be loading up on btc. Just a few days ago I saw someone posting on reddit that 500 btc were bought on an exchange which I don't remember anymore. Kraken or something. These are always signs for buying pressure. Same like it was in 2019 were someone bought a few thousands of btc and it catapulted btc for a short 6 month bullrun. We have to see and wait what happens with the virus. If Institutionals get short on money and they need liquidity they gonna dump everything for money - commodities, stocks, etfs, indices AND bitcoin. Until then. Stay safe. Health is more important than wealth.
COINBASE:BTCUSD
by Juba1337
New Generation Analysis Method: TrashNOTE : This does not refer to any institution, organization or person. Common mistakes or mistakes made to give hope and gain fame: The most common is to make the dependent events repeated several times in the past the strongest premise of repeating without showing any scientific evidence.(Foundation = Correlation Coefficient , Avg error etc ) To draw the future events as if they were experienced and to establish a fulcrum. Not to use support, resistance stop-loss, comments above global economic technical analysis, affiliated market reviews confirmation, trend lines and/or channels , valuable risk/reward ratio with long / short trades. To show the most profitable period of classical methods and to create an illusion of confidence about the future. On related ideas you can see an example too. CONCLUSION : People prefer the lies they want to hear to the facts they don't want to hear. Regards !
BITFINEX:BTCUSDEducation
by Noldo
POP!! IT'S COMING!What people want me to do is tell them when the bubble is gonna pop! Well, well - I can see the weather outside my home is setting up pretty badly, but I can't tell when a downpour of rain is gonna come! I'm as I'm so bad at weather forecasting - how on earth could I possibly forecast market crashes? All I know is that when I see bad weather I'd better wear a raincoat or carry and umbrella - or alternatively don't venture outside! Is that okayyyyy? :) :)
NASDAQ:NDAQEducation
by Captain_Walker
More fake news to manipulate BTC priceBelow is a direct copy of a statement released earlier today, and it is no more true than Mike Novogratz' prediction that BTC would be approaching 20 k right about now. Inexperienced investors are all too often spooked by such statements, the man who said this knows this to be true, and wants it to happen , so he can buy in at 2k. Don't lose your money to naked manipulation. One day it is a hedge against a growing sentiment of fear - a safe haven in the fear mongering storm to come, the next?? Read this bit of fake news with a grain of salt: "What a difference a few months can make. It seems like a lifetime ago that Arthur Hayes, CEO of cryptocurrency derivatives platform BitMEX, predicted that the bitcoin price could reach $50,000 in 2018. In fact, it has been less than six months, though the events that have occurred during that interlude have been sufficient for Hayes to slash his short-term crypto forecast by more than 95 percent. CCN reported earlier this week that Hayes, a former Citigroup trader, is now predicting that the bitcoin downtrend could last another 18 months, mirroring the “nuclear bear market” the crypto industry experienced in 2014 and 2015. Writing in Friday’s edition of the BitMEX Crypto Trader Digest, Hayes doubled down on that portentous outlook. While chart-watchers often treat bear markets as beginning as soon as an asset dips below its cyclical peak, Hayes said that a better strategy may be to mark the beginning of the bear market as the date at which the bitcoin price falls below its 200-day moving average (DMA). By this metric, bitcoin entered bearish territory on March 12 when it was priced at $9,152 and has only seen a 37 percent decline since dropping below the 200 DMA. bitcoin price bear markets Source: BitMEX Given that past bear markets have seen bitcoin break much further below its 200 DMA, he argued that it’s likely we still have a long way to go before the bears finish twisting the knife, potentially dropping BTC as low as $2,000 before the bulls regain their footing. “How low can we go?” he asked. “A 75% fall from $9,152 takes us close to $2,000. $2,000 to $3,000 is my new sweet spot but don’t tell Michelle Lee just yet.” Hayes also cited the decline in bitcoin volatility as justification for his bearish outlook, taking a different tack from Fundstrat founder Tom Lee, who said that he was “pleasantly surprised” to see the decline in volatility given conditions in the broader equities markets."
BITSTAMP:BTCUSD
by Cryptocautious
2
EOS prospects & triangle: How to trade fake-outsjust now Situation: EOS is currently still correcting. WXY has just finished, and after it hit a big support it bounced up, and is now forming an indecisive correction pattern (Triangle or ABCDE). Triangle's are relatively easy to trade so i've set up some important price levels in the chart that will be decisive as to which direction the price will be going once crossed / touched. How to trade: Triangles these days are full of fake-outs. Some people say it's because many people are watching the same patterns, which makes them destined to fail. I don't know the true cause, but it doesn't really matter. We just have to find ways to capitalize on it. Once the 2nd top / bottom of the triangle is broken the chance of a real breakout is higher than when it just breaks the converging diagonal. Break of the 2nd top / bottom almost always results in break of the triangle high/low. So it doesn't make the strategy much better by only buying the breakout of the high / low, since the risk to reward will also decrease and therefore lower the profitability of the strategy. Buying the 2nd top / bottom breakout, will protect us more against fake-outs, than buying when it just breaks the diagonal, and then break to the other side. What if: 1. The 2nd top breaks, but it does reverse: Fake-outs are almost always followed by breakout to the other side. So we put our stop loss not on other side of the triangle, but on the last 4h low of the fake-out rally up / down. Since we don't know this yet, its difficult to tell now, but usually it's a stop which is 7-10% below entry. 2. The triangle breaks up, but doesn't reach target: We have to manage the trade on the 4hour timeframe. Conservative traders can take (partial) profit on price/oscillator divergence or other signs of reversals (news, bitcoin -0.87% -0.77% breakdown, etc).The amount of profit you take is based on your risk appetite. Every reversal signal you get should result in you taking partial profit. Once price eventually does reach your stop-loss, you can exit at least with some profits. 3. Triangle breaks up, and reaches first target: You should take partial profits here. You can close your entire position or just take partial profits, all up to you. 4. Triangle breaks down, and reaches big support: I wouldn't like a scenario of a breakdown, because the big support is decreasing the risk to reward on this trade. If it does break down you should take partial profit at the big support, and then either get stopped out on the rest of your short, or wait till it reaches the triangle target / demand zone . Make sure you took enough profits to be net positive once you get stopped out. Target: Break up: The min target is 26%, with a potential of much more (6:1+). The Risk to reward of this trade is at least 3:1, depending on the location of the stop loss (4H low of the rally up or down). Break down: The min target is like 10%, and the max target around 30%. This will result in about a 1:1 - 3:1 R/R. ALTERNATIVE PLAY: Wait for a fake-out to occur, and once it breaches: 1. The 4h higher low. or 2. the diagonal on the other side or, 3. The 2nd low/high of the other side. open a position aiming the opposite targets. Again, scenario 1,2,3 is based on your risk appetite, with scenario 1 being highest risk, and 3 lowest. I will try to update it once price progresses in time. Good luck traders!
BITFINEX:EOSUSD
by RegideTrader
Big bull pump after mega bearfake should send us to $6715Very exciting price action in the past hour looks like we are now back above the 4hr 50ma and appear to be breaking up out of the symmetrical triangle...this could be another megafake the other way of course so we must take that into consideration and still watch for candle close and follow up confirmation candle price action but at the rate it is flying upward probability is very high that we will see a bull break...be prepared for a bull trap though just to be safe.
BITFINEX:BTCUSDLong
by DrDovetail
My REAL Opinion on Short Term News & Data Good evening traders, i just want to share a idea i was thinking about. I am shorting the Dollar Index since 4 days and after being in profit till Wednesday the FED rates pushed my profits away and the dollar higher. Here are my thoughts about short term rates and data - news in the short term in general: I am trading over 3 years now and since 2 years i am looking on higher timeframes like 4h charts and the daily. For me these short term news and datas often expose as a fake out. Lets explain the scenario. Some higher news about the US or EU comes out and the numbers are higher or lower or whatever... 90 percent of the time at the second the news is out price, like in the DXY rises up or down for only seconds, hours but sometime a whole day, only to come back the whole price the day after or 4h candle after the first one is closed. Im just gonna leave this open why and who does that but facts are it happens 90 percent of the time. Back to the charts.. Im still short on the dollar because this is what i think is happening here another time. Price moved another time high this Wednesday and Thursday but cant break the strong resistance yet. Like i explained before, i think it was just a fake move to trap buyers.. P.S. Im just talking on short term data, not fundamental aspects and president elections or economic data. Let me know what you think on short term data & news in the comment section.
TVC:DXY
by darian_fx
Cup & Handle Season: How to Spot an Invalid Cup&Handle BreakoutIt's Cup & Handle Season! There have been multiple cup and handles that have formed all around the altcoin market recently in what I am going to dub as cup and handle season. I'm out hunting for valid cup and handles and while most of them this time around seems like they will eventually be validated....it is easy to get faked out by these patterns and think the top of the cup and even the handle has already formed when in reality the cup is deeper than you originally thought and the handle has not yet occurred. I'm using Cardano as the main example here because it illustrates this fake out quite well. There ahave been a few more of these type of fakeouts around the altcoin market and I will also be posting snapshots of those as well. As you can see here, the inner cup and handle was not the valid cup and handle and where we thought it had broken the neckline a few things occurred at that point that signaled to us that it actually hadn't broken the neckline. First and foremost we didn't get a huge boost of bull volume that needs to accompany such a breakout in order for it to be valid. This volume boost should occur after 3 consecutive 4hr candle closes above the rims neckline. 2nd, we got nowhere near the top of the dotted projected price target line, and 3rd where we turned around and the price started falling back down there was a candle tip on the left side of the cup that we could connect a horizontal trendline to and form a new higher neckline of our cup making the cup deeper and the projected price target breakout higher. You always want to consider on the left side of your cup, when charting your cup and handle, whether or not there are any potential candle tips above where you are charting that could eventually be the real rimline of the cup, and keep those in mind if these kind of fake breakouts occur so you know exactly where to readjust your top trendline. Anytime you see these potential higher spots on the left side of the cup it's always wise to have a good temporary exit strategy because once you readjust the line to fit the higher candle tip on the left, you want to do it right around the time that the top of the cup has just finished forming, that way you know you can short and that some dipping in price will have to ensue in order for the handle to form, because since the new top of the cup has just been found the handle has actually not formed yet. The 2 best places to enter a position during the formation of the handle are 1. at the bottom of the handle which is usually going to be around about half the price of whatever the projected breakout price target will be, or 2. right after it breaks upward out of the handle and starts heading towards the neckline. When trying to guess where the bottom of the handle will be, keep in mind that valid cup and handle patterns handles do not dip further down than half the size of the cup, also let a few candles on the handle develop first to get an idea of the trajectory its following...once you have that take those trendlines to about half the cup and handles breakout price target is set at and odds are good you will be able to buy in very close to the bottom of the handle for optimal profits. Waiting till it breaks out of the handle is also a good strategy as well because, you don't have to spend as much time in the consolidation period as buying at the bottom of the handle which can leave you waiting quite awhile for the handles breakout to occur sometimes. The good thing about these fakeouts, is you can still make profit on them during the fakeout, and if you know what to look for you can then turn around and exit those positions until the bottom of the real handle and then continue to make profit on them. This fake out can happen multiple times on one cup as well. ..but if you know what to look for you'll be prepared & only make profits off both the fakeouts & the real breakout. Thanks for reading and good luck!
Long
by DrDovetail
2
1hr bear flag tries a fakeout finds support inside bear flag?not a good sign to see what appeared like it was going to be a bullish breakout of the bear flag not get a follow up confirmation candle and instead turn into a fakeout falling well back under the bearflgs closest red trendline...I thought it may be breakind down under the bearflag too but now the current 1 hr candle is making it appear like the bottom trendline should be lower making the already suspiciously to skinny bear flag slightly wider and more like a normal bear flag length...just as the bull flag got wider at it's bottom now too does the bear flag. We do not wanna close the current 4 hpur below the bottom green trendline of the bull flag and we hope to see the new lower bearflag bottom trendline continue to be validated...for now I'm neutral but am putting a fractional stop loss 3-4 pips under the red bear flag should a breakout to the downside occur. A very fractional one since we are above the 50sma and in a buyers market...not a sellers market....this is only my methods and not financial advice...thanks for reading.
BITFINEX:BTCUSD
by DrDovetail