TRAP
Bitcoin Resonance Period and The 20k Pump Trapfirst im not experienced TA in trading but just looked from a technical mechanical curve theory
Briefly i see that Bitcoin Never reached 20k in real and the right value nowadays about 10k-11k
I Assumed that the area in red box is just a resonance period
kindly google it (resonance curve)
which caused buy a forcing pump to 20k USD
let us assumed bitcoin just reached 5-6 k USD in 2017 smoothly
and was correcting last two month uptrend and downtrend from 5 -6 - 7 - 9- then 6 then 7 - 8 - 9 -10 - 11 and now correcting to 8-7
last two months was just a period for btc to return to stability after that resonance
so i think the curve in white and trend or channel in red is the stable and more real shape
from now lets do the following and fly
1: cancel the red box area (RED BOX RESONANCE area)
2: follow the chart as it hasnt reach 20k usd before
3: the actual price nowadays is about 10-11K and is correcting for it and will down to 7k and come back to pass 11k and reach 12-13 ten corect....etc
4: targeting about 20k this coming
is it more logic
Redd Coin (RDD) BUYER BEWARE!! DO NOT BUY!RDD/BTC
You may have seen this in the past when the order and sell books fill up either side with large orders.
If you enter into this coin you won't be able to sell out unless you lose 1 sat per coin you hold.
The books have been loaded and you will be trapped this is on Bittrex.
This is a warning to all traders check buy and sell books before you buy!
Make sure to Follow Dollars and Senses as we are here to look out for you!
Huge Sell Walls on BTC as the Whale's fake a bullish run?Looking at the depth chart on GDAX, I'm seeing a huge what looks like artificial Sell Wall at $9000 then a staggered smoother incline up until around $10k. Anyone else see this as an indication that there will be a downward deflection around $9k - $10k, looking for another bottom?
Eur/Aud market makers....Go head, work it girl!!!!!! I'm still holding my buy and I'm cool with whatever, but do you see how and why these patterns form?? And keep in mind that running triangle can become a bigger one with one more little move down to break trend line. But I bet there's a lot of sells with there stop above the high it made..........
BTC in spike and channel formation: Pullback ahead?The end of the downtrend? Well, maybe not yet, but we see a spike and channel formation.
How to trade this formation?
The sharp drop from 11.000 to 9.900 is the spike on the 30m chart. At the end of this movement you could see a downtrend channel, but that channel was quickly broken when BTC made two nearly equal legs up to 10.500.
This is not a place to go long, just the opposite!
Prices were rejected by the EMA and quickly dropped to a new low around 9.800.
We see typical price action in a strong downtrend, because it creates a trap at 10.500 for longs and one for shorts at 9.800.
Now we can draw a broader range, which is a slightly downwards pointing channel.
This was confirmed when prices bounced above the EMA.
Now a lot of people would call this a double bottom or a head and shoulder reversal formation, looking to the upside when prices broke above 10.360.
And this is were the next bull trap happened!
What the trap looked like? After the break of the prior up move from 9.800 to 10.350 we got a pullback to the EMA and two small pushes up above the resistance at 10.350.
Just to our upper range/channel line!
By following price action rules you would have switched to range trading mode : Keep watching those upper areas and still look for shorts.
The upper channel line was confirmed several more times after that, and two more short entries could be found at these key entry points.
At the second entry the momentum to the downside picked up and prices went straight to the lower side of the channel and beyond. But why beyond?
Think about equal legs: The first leg was the spike, the target for another down move is the equal length second leg. It has reached that target at 9250 to the tick ;)
Markets like to create symmetric moves and second legs, second entries...good stuff :)
So, what about that pullback from here?
The downtrend has played out well, therefore i would expect a pullback from here to at least 9.700 (resistance).
The broader channel could still be in play, because often there are fake breakout. If BTC moves back in the channel we might see 10k again.
After Bull trap: Short term downtrend continuesThe perfect bull trap occurred in BTC:
After several hours of sideways movement in a tight range of 150 points, BTC broke the short term downtrend channel, and pushed higher.
This was followed by a pullback and another move up which just made a new high 11.970.
At this point many traders might go long, since we had several "confirmations" of a new imminent upmove.
But when it turns down right away and breaks strong support at 11700 the bull trap had forced many longs out of their positions, if they had stops below that support.
How to trade the trap then?
If you see the trap beginning, that would be the bearish candle from 11.970 below 11.900, you could go short below 11.900.
What is happening now? New Short entry ahead?
Bitcoin has made nearly two legs down inside the short term downtrend channel. If prices move up to 11.550, right back to the upper trendline, we might get another push down to 11.100.
AUDJPY DANGER AHEADAUDJPY
To open LONG positions for AUDJPY, it is required:
In this situation our system indicators to confirm trade entry confirmation for movement to the upside but if the market continues to range then signal will become invalid. Market execution for entry, I will confirm signal once the conditions have been met.
Trading method: RSADVANTAGE Stage 5, accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends suited for swing trading. This system is made of custom adaptive volume indicators and Oscillators that properly detect trends very early and provides exit signals at dynamic S/R zones once the trend has ended. // Average yearly pips gained is 40k per pair on D1 charts alone. I have provided a similar limited version of the system on Trading view to help traders visualize the strategy.
XMR - Potential Massive Bear Trap! (LONG)XMR has been on a bull trend for almost a week now, but we've seemingly broken that bull trend.
However, I personally believe that this will act as a pretty massive bear trap for panic-sellers as we're still well above the support of the new region we've broken into.
NOTE: This is not financial or trading advice. Please take everything you see here with a grain of salt, and make informed decisions when deciding whether to commit yourself to a position or not.
BTCUSD - Trend Analysis (NEUTRAL) Given how we broke the previous downtrend resistance, I think we can ride this all the way up to around 16400 (reasonably).
However, I expect a pretty rapid correction to as low as 13000 given previous support and resistance barriers.
NOTE: I have no position in this. This is purely my speculation. Also, this only shows the TA side of it (not the full story!).
Btc Possible Bull Trap comingThe first Huge drop occurred today and we bottomed out and bounced off the .61 fib drawn from the previous High.
This has created a lower low and and the potential for a bear market to start.
I have no interest in going Long on bitcoin anymore than riding a bull trap up to ~17-18k. Until we make a new ATH I am preparing for a correction down to 8k area.
Trying to align with Haejin's thinkingSo, I was quite successful with my XRP newbie charting back then.
From this another newbie chart, I try to see where's the exact wave v of the BTC correction.
It seems that, tomorrow would be the time, based on the volume oscillation, and sine wave analysis of the RSI.
Psychological: people expect bullish trend, but trapped into wave v correction as haejin predicted, BTC down to new low, but not as much as 8-10K, a bit around 11-12K again.. then people would go into panic sell, and whales take opportunity to propel new ATH.
Again, take it with a grain of salt. This is very experimental.
Bitcoin is trapped between greed and disappointment.www.tradingview.com
Hi guys,
On the H4 chart we cn see two initiative candlesticks. The first one from the top marks the cancelation of SegWit 2x, the second one from the bottom - the price level meeting at the profile volume level, when many players came out defending their interest.
Now we have to retest the upper profile volume to see if the news about SegWit's abolition was really that bad? If so, then after the retest in the area of 7200 we will go down. If not, we will update the highs.
In any case - the nearest landmark is understandable. It's 7200 next week.
P.S. This review was made yesterday, but couldn't be published due to some technical issues. It is still relevant today.
It is yesterday's snapshot.
BTC Trap?I updated my last BTC analysis and recognized a possible shoulder - head - shoulder constellation
(in german: Schulter - Kopf - Schulter). If, yes if, the price rises only to 5.900 or so and falls back to my triangle (see graphic).
In that case it would be a negative sign and BTC could continue its decline as mentioned in my last post.
Interesting also the time cycles. Every 7 days there is a distinctive change in the trend. And the next cycle begins just at the moment where I see the possible right shoulder.
I drew the cycles in coordination with older events - not the current!
USDJPY - Bear trap long before more down?USDJPY came under some pressure on Friday. There may be more downside, but right now bears should beware. just below the swing low around 111.500 we have a spike base/demand zone. if we break below this level and demand is still there + shorts start taking some profits, we may get a nice pop higher. As always, will wait for price action after the break. A touch of the 200% extension and an hourly close back above the 111.500 area along with that area once again providing support will have me checking the 5min/1min charts for some long scalps before re-assessing.
I like to look for situations that can potentially catch people out ( like Bear Traps/Bull traps ). When this happens, the flow can change quickly and nice, fast moves can happen.
I like to assess hourly charts for key zones like this, and then trade the shorter time frames to exploit the flow.
Gold, be careful of traps The trader sentiment for gold is pretty bearish after last Friday. To me this sounds like a perfect opportunity to trap some bears. In my opinion gold is still bullish as can be seen in my previous gold chart.
Trade safe everyone
Bearish trap in DXY! As looking at the double roof on the TVC:DXY Week chart, price action did not drop the 93 level, therefore price went once again up, this is the main reason why I think price will drop (long way down) to the 75 support level.
This will affect all TVC:DXY pairs!
Please wait for MACD (3,10,16,CLS) divergence confirmation!
ABCD USD JPYLooking at a double bottom on the USD JPY. If it completes, I will be looking for an uptrend into the D completion zone. I will wait for there to be some sort of reversal sign in that area. But i will take profits right at the D extension. 60 pip stop loss. 550 reward is a pretty nice ratio. I will wait for monday to trap sellers and then take a position.
www.tradingview.com
Finally the pause is brokenFX:EURUSD
If you are following to me and you anticipate this movement. If short now I recommend take a part of profits now and the rest on target 2.
Continuation of downtrend or posible break of bearish rankRed for short position
Green for long position
Directive of the market is clearly bearish. Price could draw a market trap on the last minimum but price has to break dynamic rank for a long position.
I think the greatest potential is bearish
