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Fakeout

🚨Short-Term ⚠️POSSIBLE⚠️ Bottom Levels For #Bitcoin $BTC🚨After breaking the downwards trend to the upside, the $BTC price has crashed back down into the wedge, forming a small bear flag inside. IMO this is showing that the mid-term pattern that $BTC has been in will break to the downside. This will possibly be a big "fake-out" for bears and might cause some sort of a short-squeeze situation. In anticipation of that, I have charted out these possible bounce levels, ranging from ~$26K to ~$28K. I have done this, using the macro Fibonacci Retracement levels, the Fib levels of the most recent short-term wave, and 0.618 Fib levels which sit between 1 & 1.618 of each Fib Range in a "scaling down" method. (It was way too busy to leave on the chart, but imagine Russian dolls. 1 Fib range inside another, inside another, etc.) Important "possible-bottom" levels: $27,550 $27,071 $26,531 $26,200 $25,982 ***This is my own opinion, based on chart data. Not Financial Advice!***
by DoozerInvest
BTC: STILL HOLDING SUPPORT! HOPE FOR A BOUNCE!!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. As we told you in our previous update that it might be a fake-out and told you to put SL in all your long positions. Hope you listened and save your money. Now, BTC again came back inside the triangle. The good thing is that it's still holding the support level so far and as long as it's holding the support we can expect a bounce and if BTC again breaks the triangle then this time surely it would be a clear breakout. You can open a long position of BTC here with the SL of $28,400 Let's see how things go. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
Long
by CoreCrypto1
4
BTC: BREAKOUT OR JUST ANOTHER FAKEOUT? Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this BTC update. BTC is trading above $30k. BTC is breaking out from the symmetrical triangle and currently retesting it. After this successful retest, we might see a good upward rally. The important thing to remember here is that we have seen a false breakout many times in recent days. Every time BTC did a break out it turned out to be a fakeout. So if you open any long position then keep your stop losses tight. What do you think about this? Do you think that we have seen a bullish rally from here or this is just another fake-out? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Long
by CoreCrypto1
5
BTC: FAKEOUT! NOW THE REAL PUMP STARTS!Hello everyone, if you like the idea, do not forget to support with a like and follow. Welcome to this quick BTC update. First of all, do not panic. We are still safe. BTC did a nice fakeout to liquidate some high-leverage traders. It again get back in the falling wedge and did a nice fake-out. As of now holding the lower trendline of the wedge very well so far. Expecting an upward movement from here soon. Still, we have to wait for the daily close for more confirmation. Invalidation level:- If the daily close is below $37k then the bullish scenario will get invalidated. What do you think about this? Do you think the bullish rally will be over or it is about to start? Share your views in the comment section. If you like this idea then do support it with like and follow. Thank You!
Long
by CoreCrypto1
9
KNC Reversal Update & General InfoAs I said in my previous two TAs KNC showed strong signs of a bearish reversal. One more sign has added; this of the fakeout. “In this report I will explain some crucial issues, most novice traders ignore and lose money and time. “ Fakeout is one of the most dangerous bullish or bearish signs and if you are unable to deal with them you can lose a significant percentage of your investment. It's a complicated signal, i will explain it further in a new report. Divergences (like volume, ROC, RSI) are NOT timing indicators. This means, f.e., if you find out a ROC bearish divergence in monthly charts, price may raise even for years before the reversal occurred. Use them only in conjunction with other indicator, news, fundamentals etc. Also like ANY other signals like MACD cross overs; it is not 100%. Why? Because trading is probabilities. In our example why volume divergence and local supply at $4.40 was strong bearish signs? 1) KNC price was rising while altcoins are in bear market since May 2021 2) EVERY altcoin is HIGHLY correlated to BTC and the MOST important of all… KNC is not the exception. 3) Entire market is in fear & uncertainty for over half a year Those are only a few of all that can affect the price of a crypto asset. Crypto market is a live entity. It changes over time. I am completely out of KNC, at an average of $4.91 per KNC. What if KNC go straight to $30 from here and you are out of the market, like me. It’s simple…. Don’t care. I will reenter the market when and if price reach at least $2.00 or below $1.00 and/or I find bullish signs in fundamentals & technicals at the same time. Another personal example: I bought BTC after Covid Crash at $5k and sold them all at $11.5k. (Find the correlations between and Alts.) With that money I bought MANA, SAND, QTUM, IOTA…Do your calculations. 3500% is bigger than 500%. I did/will do the same with the profits of the KNC. It was the perfect opportunity to sell. *Think about it … A crypto rallied 400% while the others went to Hell. The perfect opportunity! * Do not…never ever be a fanboy of any coin, it’s just … money, nothing more. Sold them when the time comes and find a new opportunity with more potential. Remember trading/investing is probabilities. Find the way to make money even when you are wrong. Always have an entry and exit plan and DO NOT hesitate never to close a position when going against your expectations. Thanks for reading! Follow for more reports and press the like button if you appreciate this. Not a financial advice. Always do your own research.
KRAKEN:KNCUSDShort
by Rhaonnor
Possible Misleading Price ActionThis futures market you see was fake out 2 times before and received a reaction, now there is a possibility of a fake out again. Either this graphic will work or bad slaughter will come... When we look at the monthly chart, we are momentarily below ma20/M. If we see that we are closing below $40.154 at the end of the month, even 22K would be optimistic. Strong support and ma100 crossing $10,794. In principle, when one moving average is broken, the price moves to the other moving average; The closest moving average, ma50/M, is crossing 20,637. So my fuck scenario was that our monthly ma20 was broken and we walked to ma50. But not now, please not now....
Long
by the6ylal
How much fake you want ~ BTCHello traders! This post is all about the fakeness of BTC. From start to end you will only find fake moves. We can't trust anyone in this world. Just kidding. If you look from start to end you will find many fake trendline breakouts, and many fake triangle patterns, you will find all types of triangle patterns failed more than it suppose to win. There are many more patterns like Elliot waves, Harmonic, HH Hl, and LL LH patterns that failed more than it supposed to win. You will find your indicator failed tons of times. Support and resistance failed to hold more than it was supposed to hold. Losing is part of the trading but losing money is not a joke. Is it the market that plays with us or is it ourselves who are playing with our minds? Because a triangle pattern is just an illusion, Indicators are also an illusion to satisfy our fake thoughts, maybe. Just like that Elliott waves and harmonics can also be illusions. Because we saw more times it failed than succeed. Is there any way to succeed more than failure, is there a way to predict everything perfectly. Maybe or maybe not and the best way to find out is to ignore the traditional patterns, and traditional indicators and figure out something new and ask for help from that who have already counted the times you will breathe from your day of birth till the day of death. Well, I was waiting for BTC to pump/dump and it's in a stressful situation. So I thought I should post something different. Good luck for your future trades. Thanks for all your support and likes.
by Aadil1000x
2
BTC is preparing for a fakeoutHello traders! Previously market pumped from 39250 and it was not a true pump. If we look below 39250 there is a true reversal point at 38786 waiting to be activated. The reason I call it a true reversal point is because it's the correct point of reversal and if the market moved up before touching the true point then it's not the true pump. Currently, the market has formed a triangle pattern and I am expecting a breakout of this pattern towards the downside. I always tell you never to go towards the breakout just do the opposite to win. The same thing will happen here the market will give a breakout downwards and as a reaction of traders, it will pump. According to the True reversal point strategy, the market will pump exactly from 38786. The calculation error cannot be more than 50$ means the true reversal point range is 38736 to 38836. Don't forget to hit the like button and follow to stay connected.
Short
by Aadil1000x
23
BTCUSD Price Action H12 ChartYou can check out my view on the HTF BTC trend, by checking out the link to the related ideas section. As you can see, the HTF demand level worked as expected and the buyers pushed the price above the mid-Monday level. However, in order to speak of an uptrend first, the price should clear the 43980 level and should hold the red box area with a retest. Then, we can expect the price to visit the orange level(which is self-explanatory). However, if the price only leaves a wick(which would be a stop hunt and a trap for bulls) at the red box or slightly above, then the traders can assume the selling pressure in this area is still high and can use the same area as a short setup zone.
FTX:BTCUSD
by Stravios