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Fakeout

USDCAD Study Case 🧙‍♂️Intuition suggests price is likely to flow back up to the main weekly supply to clear out seller liquidity. How we will get to that zone is another story. I don't think we will push up to the zone from here. I believe price has lured buyers in after breaking the trendline marked. So price is likely to do some manipulation to clear breakout buyers before flowing to our target. I have done a rough illustration of what I am after but we will have to judge it as the price progresses. I am wishing you all a fantastic trading week team!
Long
by AlkalineFX
9
BTC weekly falling wedge pattern breakout and retest!!Hi dear community and my faithful followers, let's pay attention to this weekly falling wedge pattern which has broken and retested with false breakdown/bear trap/ and double bottom+ RSI bullish divergence. At the same time RSI diagonal resistance has been broken and retested as well. On the chart you explained why I think so)). Read bellow text to understand why I think this is a false breakdown/bear trap/ with double bottom. The bellow ideas are from my previous analysis coz the circumstances and the situation are the same. I think the recent dump to 15.5K is a fake breakdown/bear trap/ with double bottom + RSI bullish divergence like 2021 November top, which was a false breakout/bull trap/ with double top+ RSI bear div . So I think the real bottom was at 17.5K in June like the real top in 2021 April. I'm considering that BTC has succeeded to break RSI diagonal trendline and now It is making a retest, I think it will hold and send BTC to 28-30K. On chart you can find my explanation why I think RSI diagonal resistance has broken.
BITSTAMP:BTCUSDLong
by ergal91
2
BTC !! Fantastic & life-changing opportunity or lower pricesI'm looking at 30D chart adding 2 customized indicators which show amazing history data)): Red columns on first indicator show BTC bottoming process in a bear market and when green color flashes after red new uptrend / bull run starts/. When green columns appears on 2d indicator it means BTC has already bottomed and when white color follows green column, it marks a new uptrend/bull run/ start. Be smart and make life-changing decisions. Don't miss such kind of fantastic opportunity. To tell the truth I don't expect lower prices. Based on my analyses new uptrend starts in December 2022: My worst case scenario is 13.7-14K - 25-30% probability and new uptrend from this point with double bottom 70-75% probability. People think BTC broke 17.5-18.5K support and expect lower prices, But I think this is one of the biggest bear traps/fake break down/ in BTC history and expect lower prices like 12-14K or even lower 8-10K. But BTC will surprise everybody like it did in 2021 November when everybody expected 100K + $ BTC, now when everyone is waiting lower prices BTC will pump with double bottom pattern as it dumped from 69K making double top. If you like my ideas , don't forget to follow me please. I will appreciate a lot.
BITSTAMP:BTCUSDLong
by ergal91
1
BTC! Where is a real Bottom of BTC bear market?I'm looking at weekly timeframe of BTC chart. I'm comparing 2021 Bull market top with 2022 bear market bottom. Call me crazy but I think a real bottom of BTC bear market was in June 2022/at 17.5K/ as BTC real top of Bull run was in April 2021/at 65K/ Nov 2022 bottom is a bear trap and fake break down like Nov 2021 top which was bull trap and fake break out. I incline to think BTC bottom was at 17.5K on 18.06.2022 as I mentioned in my previous analyses coz I trust all my previous and current analyses , all history data, super powerful indicators which flashed BTC bottom only 3 times in BTC whole history and more than 20 powerful charts and analyses I have done since June 2022.
BITSTAMP:BTCUSDLong
by ergal91
4
betting on rip sellits fantastic that major indices are still managing to find areas of support on the way down. this to me is indicating when we do finally recover it will happen in a reliable manner. its also telling me that these areas are not max pain. to find a bottom permenantly id like to see bullishly diverged oversold levels in high volume. right now signal is still red, and trama sss ma are resistive near top of envelope. these indicators would need to show green candles before spx is a buy again.
SP:SPXShort
by cerealpatterns
Btc/USDT Short📉 Fakeout!!!This fakeout is based on my SSS-GRADE STRATEGY From the backtest of my SSS-GRADE STRATEGY almost most of the time this type of scenario leads to fakeout. So even if btc break below the support line it wouldn't be very good for short from my opinion. This is idea is for short scenario only and for more confirmation we need to watch btc at the breakout time. Here is one of the examples of fakeout in the same scenario: (why 5min? because my strategy works same in any timeframe) P.S.THIS IS NOT A FINANCIAL ADVICE. This idea may not go as the same way as I am telling just because of how much volatile and unpredictable BTCUSDT is but its better to stay alert.
Short
by TrueUrBoss
1