TheTrapTrader

TheTrapTrader

Already this week we have seen BTC take out last week's low. We know what that means. If Price is to retrace it will likely seek the $40,000 level due to the big gap there. Once our level is reached, we will wait for one of our entry patterns to get in the market!

TheTrapTrader

ATH-ATH Ethereum has had a healthy correction to its previous all time highs, and is starting to show strength here. If we can break out of this accumulation phase we should be shooting right back to our ATHs. The recent news about Eth this weekend should definitely help this narrative! As always there is more in our chat room provided. Happy Trading!

TheTrapTrader

Bears will remain in control on DXY until the LLH (pink line) is broken. Pair with your strongest currency or commodity! Will post my favorites soon.

TheTrapTrader

Despite what many out there are saying, DXY is still in a bearish trend. If the noted swing high is broken then we will look for a push to the upside. This going along with the $3t covid relief fund the US will be rolling out adds confluence for a weaker dollar. This will assist in out crypto, fx exotics, and commodities shooting higher in 2021. This is our...

TheTrapTrader

With the Daily BMS + we can expect that alt szn is just around the corner. After eth pumps to ATHs i will be watching the following altcoins to pump to the moon. $XLM $XVM $EOS $BAT Continue following for updated analysis on all altcoins listed above!

TheTrapTrader

ETH acting just as BTC did when approaching previous all time highs. Be patient. Dont be faked out. Dollar cost average in if you aren't comfortable trying to pick a bottom. Alt szn is coming. Be patient.

TheTrapTrader

Thank you for the support, please leave a like if this helped you at all! :) Basic Price action turning points for the week noted above. Will see if we move into any key levels on Monday for an entry.

TheTrapTrader Updated 

Please leave a like if you like :) Ethereum has bouned beautifully off of the daily support level as expected, and now we wait for it to reach to new highs If it fails to reach new highs that will be quite bearish and we will have to reassess. As always more analysis is in our telegram group.

TheTrapTrader Updated 

Thanks for the support, dont forget to leave a LIKE :) Bitcoin is bouncing beautifully off of the daily support level we pointed out yesterday, resulting in a nice move. We caught this on 2 other currencies as well! As always more analysis is in our telegram group :)

TheTrapTrader

Thank you for all your continued support! Ethereum is showing clear signs of bullishness at a daily support level with that bullish engulfing candle. This was confirmed when price broke to the upside of the bullish engulfing candle. Use your own risk parameters wisely if entering If you like this idea please leave it a like! It helps me continue to make...

TheTrapTrader

Thank you for all your continued support! Bitcoin seems to be finding support at an old resistance. When confirmed with a break in market structure and proper accumulation, we can expect a short term expansion to our old support level, expecting that it will become the new resistance before heading downwards. If you like this idea please leave it a like! It...