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Indecision

A case for both Bears & Bulls (Fractal Repetition or Bear Trap?)Noticed that $BTC is potentially repeating a pattern that we've all seen recently... We could be seeing either: - A highly coordinated bear trap.. or - A continuation of the current correction.. Thoughts?? *moved the pattern down a bit to make it easier to see* Now while pattern similarity doesn't necessarily mean guaranteed PA (Price Action) this is still a concern to keep in mind... A side note However, is the US and Asian Stock Markets have been quite undecided as of late, maybe we see a correction on them which causes a drop in crypto (due to the correlation) ? Here are my current thoughts: ^Above is the fractal shown Now taking into account some of my previous charts on the stock indices, We could see a correction from them which causes Bitcoin to finish off this fractal it's been painting? Here is a combined ticker on global stocks: Having a look at SPX we can see a potential bearish setup also as it's currently breaking down: And we have a similar situation for the following 3 indices: Bearish setups and/or bearish breakdowns.. With the potential correction on various stocks, this could complete the fractal for BTC as shown in the chart... or It's just one major and elaborate bear trap before a major bullish continuation... A well thought out bear trap makes sense from a Macro point of view also! However, Only time can tell from here, But it's good to keep in mind this fractal & the information above.. Good luck! Related Ideas below: Some food for thought that's for sure... What are your thoughts?? *Symbol tags below, Ignore these* INDEX:BTCUSD BITSTAMP:BTCUSD COINBASE:BTCUSD BITFINEX:BTCUSD BINANCE:BTCUSD BINANCEUS:BTCUSD FTX:BTCUSD GEMINI:BTCUSD BINANCE:BTCUSDT KUCOIN:BTCUSDT HUOBI:BTCUSDT OKEX:BTCUSDT BITTREX:BTCUSDT POLONIEX:BTCUSDT COINBASE:BTCUSDT BINANCEUS:BTCUSDT FTX:BTCUSDT BITSTAMP:BTCUSDT BINANCE:BTCUSDTPERP BYBIT:BTCUSDT BINANCE:BTCUSDT_PREMIUM SP:SPX TVC:SPX OANDA:SPX500USD DJ:W1DOW NASDAQ:NQGI NASDAQ:NQGM CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 CRYPTOCAP:TOTAL3 INDEX:SATSUSD BNC:BLX *Symbol tags above, Ignore these*
INDEX:BTCUSD
by RandomOracle
19
CELRUSDT at a key level!Hey guys, As you asked about CELRUSDT, based on the chart, price reached a major resistance area an actually there is nothing to do right now because we have 2 different scenario at the moment: 1. rejection of price from this level (or even a false breakout): It may lead the price to drop on specified areas. (probably 0.043 ) 2. Breaking this area successfully: We would wait for the pull back and the next target would be 0.095 ----------------------------------------------------------------------------- But let's see what's happening on the chart right now: 1. An uptrend channel is broken to the upside ( Bullish ) 2. Price reached a major resistance area + 0.618 Fibonacci ( Bearish ) 3. We have a divergence on RSI(14) ( Bearish ) --------------------------------------------------------------------------- So comparing these 3 states, I have bearish bias, but still we need more proofs. It was my view about the market and I would be thankful if you share your idea about this post, Bullish or Bearish? and Why? Good Luck
by Brian_Philips
8
LTC/USDT Next S/R To Watch!!Hello Community! Let's take a look at LTC/USDT on the Daily TF. I mapped out the next Support and Resistance that I think we should be paying the most attention to when considering your next trade. Right now LTC looks weak like most of the market and it can continue to fall down to the white support line shown. That would be a good place to consider a Long. If it goes after the greenish diagonal resistant above and shows signs of rejection, then that would be a nice place for a quick short. The Crypto Market follows BTC movements so at the end of the day it comes down to what project you have faith in the most. The main difference is some coins will have stronger movements ( Bullish or Bearish ) based on how BTC moves. If entering a trade don't forget to use a stop loss. Don't trade with what you're not willing to lose. Love it or hate it, hit that thumbs up and comment. It'll be greatly appreciated! This is not financial advice. Safe Trading Calculate Your Risk/Reward & Collect! Simplicity Wins
by rnaofs
Bullish Indecisiveness- the indecision candle$ATOM we have some interesting charts happening with this one. Major uptrend is the dotted yellow line. Bearish scenarios are $19.22 & $13.53. 19 correlates within the recent linear regression downtrend. The RSI is turning bullish and MACD is neutral. In the yellow circles we have bullish candles followed by neutral bullish candles. The last major upside breakouts from 19 --> 28 & 28--> 37 were triggered from this exact candle progression. breaks #1 & 2 occur within the same circle. There is also a bullish rising wedge playing out. upside breakouts highly probable in this one. We have a waning tech sell off, with the NDX 100 stabilizing from its head and shoulders correction. I attribute selling of large gainers ahead of huge tax changes by the democrats, not buying the hype that rising t rates will handicap stud bull tech stocks. Bears could push us down but it appears Atomera will hold. In fact, released news on JDAs to the upside any day ahead of ER are huge catalysts for the stock (obviously). The trend into the next earnings will be upside to mid 30s. PT of 47, 64, 91. Education only do due diligence before any investment.
NASDAQ:ATOMLong
by saltysaver
4
Oh no! What should I do!?!?!? Do thisBTC is selling off a local top here. Is this the end? Just a dip? Who cares! Make money while the market decides. I see a lot of people use fib retracements literally anywhere and everywhere. But this instance is a perfect example of when fibs can be useful buy and sell zones. What will occur over the next few weeks is the reduction of volatility in bitcoin. Price will randomly sway up and down testing lower highs and higher lows. As this occurs a relatively probable (over 50% chance) correlation with fib retracement zones is obeyed. DISCLAIMER: These buy and sell zones are not guaranteed and should not be taken with high leverage or high float.
BITFINEX:BTCUSD
by Piggiiieee
1
What Head And Shoulders? You and i both want that sweet correction back to 20-28k, but are we going to see it? Found myself some bars that correlated pretty well with this last move, so im going ahead and posting them. The top of this "fractal" ends about ~double ATH's market cap and top of our long-term channel. (Weekly view of this chart with out the bars is located below) i myself am still skeptical that we have hit our short term bottom as of yet, so im holding off from throwing the majority of my money at it at this moment. Good luck and safe trading
CRYPTOCAP:TOTAL
by CapitulationCalls
NZDCAD - INDECISION.DAILY ANALYSIS : -Around a resistance zone from the past -Will close as doji if price doesn't move much anymore. --------------------------------------------------------------------- BI/QUAD HOURLY ANALYSIS : -slight divergence forming -price rejecting resistance zone ---------------------------------------------------------------------- It is possible to see potential shorts in the near future if this pair continues to flow the way it is right now, for the rest of the day. -Please remember I am not a financial advisor & this is just my opinion. Follow me for more education and setups.
by SmoothhhPips
2
LINK/USDT Decision Making Time!!Hello Community! Before we begin please support my idea with a thumbs up and a comment. It'll be greatly appreciated and will motivate me to post a little more! Lets keep it simple. We see LINKUSDT trading in an ascending channel on the daily. If it breaks out perfectly it'll retest the PREVIOUS HIGH @ $20. Those could be a great take profit area. Don't forget your Stop loss and calculate entries at the area of value which will be at the bottom of channel for a long. Let's watch closely. This is not Financial advice. Safe Trading Calculate Your Risk/Reward & Collect! Simplicity Wins
by rnaofs
5
GBPAUD! BIG Battle between the bulls and the bears coming up!Previously, the bulls have won the last couple battles pushing hundreds of pips against the trend. Price is nearing 2 forms of structure, one being the top of the down trending channel and the other being previous resistance. We will have to wait and see how price reacts to these structures to take out next position or close out current longs. Regards of the winner i could see 2 possible scenarios. A break and retest to continue a bullish victories, or reinforcements arrive for the bears and we get a rejection similiar to the one that happened last time price met this trendline.
by Count_Drew