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Fakeout

Technical Analysis GBPUSD FAKEOUT/SPIKE Trade.Looking at the GBPUSD monthly rejection point also known as support and resistance lines or memory. GBPUSD was currently on a weekly low and moved very rapidly to the south with a strong rejection at 1.32551. This could signify a change in trend or a continuation of previous support or resistance pattern, I'm risking 20 pips on this trade with a 2/1 R/R. 2% Per Trade. Remember this analysis is for educational purposes only and If you want to know how I draw my support and resistance lines. Just send me a message.
Long
by AffluentTraders
1
Fakeout or Breakout? The Shiba QuiverMany of us including myself were skeptical about SHIBA ever blowing up, when it overtook doge I got ready to open a short. Now that Shiba has broken out of the downward channel it's been trapped in for a while, I must ask the question: are we looking at a change in direction or is it just a false alarm? Skepticism in hand, there are a few news articles popping up about places accepting SHIB. Mac D is down and RSI has room both ways. I'm neutral on this, I'd love to know your thoughts below what you think will happen, and why. If we bounce on the green resistance and start to look up and steady, I might jump in and take a long shot, but it's not looking likely. This is most definitely not financial advice. Any input or criticism is always appreciated. Good day :)
by SaucyLettuce
2
Why breakout never worksHello traders! This is another educational post just to break your false perspective which will benefit you and it will also help you not to fall into the trap of uneducated traders. I have seen traders who just make a trendline line and put a bullish arrow and say that after the breakout price will go to heaven but in reality breakouts never works and they are very far from reality. If you buy a breakout blindly then there is only 1 out of 6 chance that you are correct. In other words, you will keep losing again and again with that strategy. So why breakout never works? The patterns that we see are illusions, they are not real but the market does react to the trendlines and patterns. What I mean by the reaction is that after a breakout market forms different kinds of reactive patterns. These patterns help the market to move further up or they push the market back in the trendline and most of the time these pattern pushes the market back in the trend. If you can figure out what pattern is formed after the breakout then you can predict easily that the breakout will work or it will fail. Do your research and ask the questions. Here is the tip: Selling on bullish breakouts is more effective than buying on bullish breakouts.
Education
by Aadil1000x
1
Gala small pull back It is not a financial advice am not a professional I don't take responsibility for your loss Just for educational purposes....... Here we are back on Gala........ Congratulation to those who bought the dip .................. This is your host k9100............................ back at your service He fellas What's Up don't panic guys it is liquidity trap exchanges and big players taking stop loss they are getting all the liquidity and weak hands please guys be patient Exchanges shaking off leverage traders take any coin if you think I am talking rubbish, you will find the same pattern they are showing their influence in crypto space Noting new to say soon we will see huge squeeze to up always buy in spot be a holder don't claim to be one you are not if you can't handle your risk be a holder buy red sell green a lot of time I told people's to set their stop loss we're 90% don't expect who knows about your stop loss its exchanges and big player they also know about support and resistance level do what others are not doing to earn money it is easy to lose money than to earn, have a nice day guys sleep and enjoy the day and hold and for newbies buy the dip or wait for conform brake out to .08 level Hit like and comment, support the work it will keep me motivating to do more ......................................k9100 out ............................................................................................................................................................................ Har Har Mahadev
Short
by k902
NU what a day It is not a financial advice am not a professional I don't take responsibility for your loss Just for educational purposes....... Here we are back on NU........ Congratulation to those who bought the dip .................. This is your host k9100............................ back at your service He fellas What's Up don't panic guys it is liquidity trap exchanges and big players taking stop loss they are getting all the liquidity and weak hands please guys be patient Exchanges shaking off leverage traders take any coin if you think I am talking rubbish, you will find the same pattern they are showing their influence in crypto space noting new to say soon we will see huge squeeze to up always buy in spot be a holder don't claim to be one you are not if you can't handle your risk be a holder buy red sell green a lot of time i tell peoples to set their stop loss we're 90% don't expect who know about your stop loss it exchanges and big player they also know about support and resistance level do what others are not doing to earn money it is easy to lose money than to earn, have a nice day guys sleep and enjoy the day and hold and for newbies buy the dip or wait for conform brake out to 1.08 level Hit like and comment, support the work it will keep me motivating to do more ......................................k9100 out ............................................................................................................................................................................ Har Har Mahadev
NShort
by k902
4
BTCUSDT Strong supports and Resistance ahead after new ATHAs we mentioned in previous analysis bitcoin had a fake breakout and started a new correction phase after a new all-time at 67K: Strong supports ahead: A. 56000$(0.38% Of Fib)----also there is local support on 60K at 1H charts---- B. 50000$(0.61% Of Fib) C. 40000$(Daily support) Strong Resistances ahead: A. 64500$ B. 67000$ Notice: after breaking each support or resistance that here mentioned we can expect pump|dump so if ATH resistance breaks then a huge pump is also expected and ... DISCLAIMER: ((trade based on your own decision )) <>
by MMBTtrader
23
BTCUSD is breaking all resistances here 70K is ahead or fakeout?As we can see a previous daily candle close above the red trendline and the market is pumping and soon price can touch ATH(all-time high) and only after breaking that red resistance zone more pump is ahead and this time we can look for targets like: A.70K B.85K C.99K Notice: if and only if prie once again dump below this resistance trendline then we had a fake breakout and the price can easily fall to supports like 50K. DISCLAIMER: ((trade based on your own decision )) <>
Short
by MMBTtrader
20
BITCOIN NOT CLEAR YET!!!!POSSIBLE BITCOIN FAKE OUT!!!! BINANCE:BTCUSDT Although September is over and the so called long awaited "pump" is due... Bitcoin is still not out of the woods yet. Bitcoin had a price break out and a High of around $53,000 USD when the market crashed due to the Evergrande crisis at 8th September. Bitcoin hit a closing low of $43,893 USD where it rallied up and tested the $49,000 USD during 16th September where it got rejected and fell back to the $46,800 USD level of support and again at a retest of $49,000 USD. Bitcoin got rejected again and fell back to a strong level of support at $40,000 USD and now has rallied up and is about to retest this tough resistance. At the moment Bitcoin is still producing lower highs and lower lows and still remains in a down trend regardless of the pump. Bitcoin has shown signs of resistance at $47,800 USD. This is a very crucial time for Bitcoin, BTC has to hold the $46,800 USD level of support and break the $49,000 USD level of resistance, Personally I am bullish about Bitcoin on the short term But this breakout can be induced by the Hype surrounding the End of the dreadful month of September. The so called "October 1st Breakout" If Bitcoin cannot break the $49,000 USD level of resistance and also break out of the bearish trendline forming. we are looking for a rally down to the key level of support at $46,800USD, it is too early to say definitely but bitcoin is showing rejection of that level of support indicating there is a buying force with a so called "wall" around that price point and it is very good to see. When purchasing Bitcoin right now don't get fooled by the hype Bitcoin is still in a down trend producing lower highs and lower lows. This is a critical moment for Bitcoin and personally I will be keeping a close eye on the $49,000 USD and $46,800 USD levels. REMBER!!!! BITCOIN IS STILL IN A DOWN TREND UNTIL IT HITS/CROSSES THE $49,000 DO NOT BLINDLY PUT ALL YOUR MONEY IN BECAUSE OF THE PUMP. personally I had noticed divergence on the RSI and bought bitcoin at $41,265 USD and purchased more at $44,100 and will be holding back to really see how BTC tests this level of resistance. For all you late buyers who have just now seen the pump. WAIT!!!!! WAIT!! going in blindly full of emotion is the reason 95% of traders and investors fail. If BTC does break this resistance of $49,000 USD we are looking at a bullish rally all the way up to $60,000 USD - $65,000 USD. Over all I think Bitcoin is extremely bullish but we will only get this confirmation if it can breaks past and holds $49,000 USD However on the daily we can see Bitcoin is still on a down trend producing an all time high of $64,888 USD and now producing a high of $52,800 USD. To break this BTC Must break past $50,000 USD and build a strong support for a new all time high to be possible. This is going to be a long journey but remember BTC rewards patient, BE PATIENT IF you found this useful please give it a like and comment down below with any further ideas i'd like to hear some ideas!!! THANKK YOU!! LET'S MAKE SOME MONEY THIS IS NOT FINANCIAL ADVICE
by Real_Time_Analysis
7
breakout after a fakeout ?Hi traders, I have observed many times that before a reversal move, there will be likely a fakeout. As you see, it does first a fakeout. And now it is making a breakout and re-test. In my opinion, it will bounce from there. In case of the movement becomes a fakeout, I will stop loss below the trend line in 4 hour close. Besides it, Blue lines are the strong levels, Black lines are relatively weak levels. Based on your strategy, you may close your position around every black level partially, or may close your position around blue line totally. Stay safe.
FTX:SOLPERPLong
by bahadirkisbet