$UNH contrarian idea ..Hello, this seems to be the "BUY THE DIP!" name definitely on the retail side. A guy once told me, if everyone is talking about getting into something, buying something, it might be a good time to sell and get out of that something. Example: I have been buying Bitcoin for five years, the price has risen and now everybody is talking about Bitcoin, that might be a clear indicator to sell some of that position and take profits; contrarian. So, something is telling me this name isn't ready to just ride to the upside like everybody is imagining. A big zone is down around $200, a 7 year demand. This name is in turmoil, randomness happens. I believe the name would have kept going down if the insider buy did not come in and bring some momentum. I can see this name retracing back to $275 and below. Will be interesting to see. On watch is $275p 6/20.
WSL
Fakebreakout
Bear trap or the beginning of a bear market?A bear trap is on the border between a bear and a bull market. If it is really just a trap, then after a false breakout through support there should be a pullback and a subsequent run to the heights without any chance of buying on suitable positions. However, if it is not a bear trap, then it will only be a confirmation of the beginning of a bear market.
Fake Breakout Alert: Don't Be Fooled by the Deceptive Move!Hi Everyone,
While ADA looks bullish in a small time, in a daily chart still looking bearish ,
Do not get fooled by this fake move and the reason is , the market still need to get the longs as they are LOTs.
If you wish to open a short position make sure you don't use all your capital at once, spread it as it will bring you more gains and minimise your risk.
For sure we do not suggest you open long position , but the decision is up to you.
Market at the moment looks a bit manipulated ,so be extra cautious!
BTCUSDT soon below 100K$ and heavy fall will leadThis post is also educational and now as we can see the pump and breakout was fake and the fall started:https://www.tradingview.com/chart/BTCUSDT/sbV6gZGS-Bitcoin-major-sign-of-Stop-loss-hunting-and-dump-seen/
so the question is this that why we are looking for below 100K$ or 90K$?
1. first reason: stop loss hunting which is mentioned as i said before makes a good volume and liquidation for them to enter the position and make a good profit and if you take look at chart we have two Fakeouts at same time and with one high volume candle it is all done, yes the first one is those sellers which enter with resistance of red trendline and the other sellers also joined with resistance of ATH and both of them which used high volume now are out because they had the Felling that if Bitcoin break ATH it will pump and they put stop loss close and both get loss and gets out of trade + we have two major buyers which get in the trade to open long and first are those who enter after breakout of trendline and add more volume after ATH broke and others are those who open long after ATH breakout and were looking for more rise and gain so soon their stop loss will also hit or already done and that is another good volume for them.
2. second reason: usually like previous time which we can see fake breakout we have good move to the upside or downside and i think the dump just started and it will continue more at least to 90K$.
Always do your own research and also remember more reasons and ... will cause this fall and here i mentioned two of them you can add more in comments and mention why we are looking for more fall?
DISCLAIMER: ((trade based on your own decision))
<<press like👍 if you enjoy💚
Bitcoin major sign of Stop loss hunting and dump seen!!!This is educational post and i am making it short this time with one example which happened at 13/Jan/2025 as you can see previous time we had same scenario but they did hit stop loss of sellers + buyers and how is that ?
price was breaking 90K$ support zone which is strong and major support for BTC in lower time frames as you can see at that time and it breaks that immediately after hitting so many stop loss of buyers below 90K$ and get them out of their buy positions it pumped and start to rise also it hit so many stop loss of sellers with high leverage which sell the Bitcoin below that support zone and they were looking for the upcoming dump after breakout but it didn't happen and both sides get loss and someone's loss is some others profit and this high volume there is reason of that and after price pump above we can see more gain also appear due to that good stop loss hunting and it seems that we have the same scenario now happening but this time it seems that Resistance and ATH resistance zone is breaking so take care.
How to find out if the breakout is valid or is it fake breakout ?
1. let it breaks the resistance or support with at least +-3% as confirmation.
2. after breakout wait for retest of breakout and let it retest previous support for example and see if it turns to resistance zone this time.
3. high volume is needed after 2-3 next candles after breakout + breakout candle.
I think we may have another fake breakout and soon price will fall and dump hard and this is my thoughts.
So always do your own research and DISCLAIMER: ((trade based on your own decision))
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AUD/NZD: Potential Short Opportunity: False Resistance BreakoutThe AUD/NZD pair is currently exhibiting signs of a false breakout at the resistance level of 1.1145, subsequently forming a rejection Pinbar, which indicates that sellers may be regaining control in the short term.
What is a False Breakout?
A false breakout occurs when the price briefly exceeds a key support or resistance level, only to swiftly reverse and return to the opposite side. In this instance, the price momentarily broke above the 1.1145 resistance, yet the insufficient buying pressure led to an immediate rejection. This behaviour suggests that sellers were poised above this level, ready to enter the market. False breakouts can often result from market manipulation, where institutions and major players seek to trigger stop-loss orders from traders positioned near support and resistance levels. By instigating an initial breakout, they create liquidity for large contrarian positions.
Reversal Signal
A false breakout, particularly when accompanied by candlestick formations like the Pinbar, often indicates a potential trend reversal. In this case, the failed breakout signifies that buyers who attempted to sustain the move upwards were unsuccessful.
Current Scenario : Has the False Breakout Been Confirmed?
The 1.1145 level represents the highest price since 2022, establishing it as a significant resistance zone. The initial breakout above this level was swiftly followed by a strong rejection, illustrated by the long wick at the top of the Pinbar candlestick. This pattern underscores the weakness among buyers and suggests renewed strength among sellers.
Possible Short Opportunity
If the price breaks below 1.1090, we may expect a more substantial downward movement over the following days.
First Target: 1.0880
This target corresponds to a notable support zone, aligning with previous lows and the projection of the rising trend line established since February.
Final Target: 1.0780
This represents a significant area, marking an important horizontal support level observed over recent months.
Stop Loss:
A suitable stop loss could be placed above the Pinbar high at around 1.1180 to protect against an unexpected reversal.
Alternative Scenario: Resistance Broken
The recent sequence of green candles with elongated bodies and minimal upper shadows suggests a potential alternative scenario, wherein there may be sufficient buying pressure to breach the resistance level in the coming days.
A buying opportunity could materialise if the price breaks above 1.1200.
Next Targets:
In the event of a breakout, the first target could be around 1.1300, with a final target at 1.1450, where the AUD/NZD would encounter significant resistance on the weekly chart.
The AUD/NZD pair is at a critical technical juncture at 1.1100, indicating a potential false breakout of resistance. It is essential to monitor price action closely in the upcoming sessions. A sustained downward movement, particularly a break below 1.1090, would reinforce the selling pressure, while a breakout above 1.1200 could signal a continuation of the upward trend towards 1.1450.
Disclaimer:
74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Past performance is not necessarily indicative of future results. The value of investments may fall as well as rise and the investor may not get back the amount initially invested. This content is not intended for nor applicable to residents of the UK.
GBPAUD bearish take over?
GBPAUD many are project bullish expectations in last period, especially when we are saw break of uper trend line. Whats now, looks like break is be fake and now we can expect bearish push till bottom trend line and personally here expecting and break of same and higher bearish continuation.
GBP is have nagative results on today GDP event
TP: 1.91900 (350)
SL: 1.97000
GOLD - Price can make small move up and bounce down to $2540Hi guys, this is my overview for XAUUSD, feel free to check it and write your feedback in comments👊
Some time ago price moved up inside the rising channel, where it at once fell below $2500 support level, breaking it.
Later price grew to resistance line of channel, but then declined back to support line and soon repeated movement up.
Gold broke $2500 level and later rose to next support level, and when it reached this level it broke it and exited from flat.
Next, price started to trades inside flat, where it rose to top part and after some time traded near it made correction.
Recently XAU bounced back and now tried to grow higher and I think it can rise a little more and then bounce down to $2540
If this post is useful to you, you can support me with like/boost and advice in comments❤️
Price Action on lower time framesMy First Video , showing how Price action can be a little deceptive if you don't check it on a lower time frame. I was learning some strategy that will help you identify fake outs early .. I am still learn how to identify them . Hope you enjoy the video. Thank you
I stated with GBP USD on TradingView Oanda July 14, 2024 From Day to 5 minute Time Frame and Discovered a Gap Event .
I also notice Shrinking Candle Before price dropped.
MANTA - FAKEOUT FROM DAILY TRIANGLE PATTERN ! MANTA Network (MANTA), a privacy-focused DeFi project, has recently exhibited a bullish breakout that suggests significant price appreciation in the coming weeks and months. The token broke out of a descending triangle pattern, signaling a potential trend reversal and a surge towards its all-time high of $10.
Deceptive Breakout and Liquidity Sweep:
MANTA's price action initially appeared to break down from the triangle pattern, reaching a low of $1.70. However, this move was likely a deceptive maneuver to shake out weak holders and accumulate liquidity at lower prices. The subsequent sharp reversal and breakout confirmed the bullish intent behind the price action.
Liquidity Imbalance as the Only Hurdle:
With the triangle breakout successfully executed, the primary obstacle to MANTA's upward trajectory lies in the form of a liquidity imbalance around the $2.20 to $2.50 price range. Once this imbalance is absorbed, MANTA is poised for a unimpeded run towards its $10 target.
MANTA Network: A Privacy-Focused DeFi Solution:
MANTA Network is a decentralized finance (DeFi) protocol that offers privacy-preserving solutions for lending, borrowing, and stablecoin issuance. Its unique privacy features address a critical need in the DeFi space, where transparency can sometimes expose users to financial risks and identity theft.
Key Features of MANTA Network:
Private DeFi Transactions: MANTA utilizes zk-SNARKs, a zero-knowledge proof technology, to shield transaction details, protecting user privacy.
Decentralized Governance: MANTA is governed by its community of token holders, ensuring a transparent and democratic decision-making process.
Diverse DeFi Products: MANTA offers a range of DeFi products, including a privacy-preserving lending protocol, a stablecoin issuance platform, and a decentralized exchange (DEX).
Conclusion:
MANTA Network's recent breakout from the descending triangle, coupled with its strong fundamentals and privacy-focused approach, positions it as a promising investment opportunity in the burgeoning DeFi sector. With the liquidity imbalance around the $2.20 to $2.50 price range as the only significant hurdle, MANTA is well-poised to embark on a significant upward trajectory towards its $10 target and potentially beyond.
ICP: MONDAY FAKEOUT AND BULLISH PUMP ! Internet Computer (ICP) has once again demonstrated its resilience by bouncing off a critical support level at $11. This price action suggests that ICP may be poised for a rebound and a potential continuation of its upward trajectory.
Key Support Level and Reaction:
ICP has consistently shown strong support at the $11 level, bouncing back from this zone on several occasions. This repeated reaction highlights the significance of this support level and the potential for ICP to find footing there.
Anticipated Price Movement:
While ICP has bounced off the $11 support, I anticipate a further downward move to retest the psychological round number of $10. This retest is a common occurrence in the market, as traders often pay attention to round numbers.
Bullish Continuation Setup:
The potential retest of $10, followed by a reversal, could set the stage for a significant bullish continuation. This price action would create a classic "bullish flag" pattern, indicating potential upside momentum.
Abundant Liquidity Above Trendline:
A crucial factor supporting the bullish outlook is the presence of significant liquidity above the downward trendline. This liquidity pool could act as fuel for a strong upward move once ICP breaks through the trendline.
Conclusion:
ICP's recent price action at the $11 support level suggests a potential rebound and continuation of its upward trend. The anticipated retest of $10, followed by a bullish flag pattern formation, could pave the way for a substantial price surge. The abundant liquidity above the trendline further strengthens the bullish case.
Bad EU data momentum trade (Apr 3)Fundamentals & Sentiment
EUR:
There was a lower than consensus Inflation data and a bad Unemployment print. I use these as triggers for a short-term momentum trade.
CAD: Canadian economy is doing better than EU based on the main economic indicators. CAD is undervalued based on a few market internals (not EURCAD pairs though)
Technical & Other
Setup: S(RTF)
Setup timeframe: 1h
Trigger: 1h
Medium term: Down
Long-term: Range
Min target: April 2 low
Risk: 0.27%
Other: expected a rejection from the heavy MAs
AVAX : Fake Triangle Breakout ! AVAX has been forming a triangle pattern for an extended period. The price was respecting the triangle and making higher lows. Everyone was expecting a bullish breakout and continuation of the uptrend. However, the price reacted to the fall of Bitcoin and started to fall with it.
The triangle pattern:
The triangle pattern is a neutral pattern that can be either bullish or bearish. The price typically breaks out of the triangle in the direction of the previous trend.
The fakeout:
The price broke down below the lower trendline of the triangle on 1 April.
The imbalance:
There is a large imbalance of buy orders in the $44 zone. This imbalance suggests that the price is likely to bounce off this zone and continue to rise.
Bullish targets:
The first bullish target is the $60 level, which is the top of the triangle pattern. Further upside could see the price reach $70 or even higher.
AUDNZD - Symmetrical TriangleLooking at the Higher Time Frame we can see that the price has formed a Symmetrical triangle with a Fake Breakout in a form of a Double Bottom which indicates that the price wants to move (much) higher from current levels.
Im looking for BUYING opportunities on a lower time frame.