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Beartrap

I told you so (again) - 4th bear trap avoided.I won’t start this analysis with a “ I told you so ”, because this would be too cliché. In my last SPX analysis, I warned you about how bearish patterns in the daily chart often are just a correction or pullback in smaller timeframes. And that’s exactly what happened today . If you missed my last analysis, the link to it is below as always. The possibility of a shooting star was real, yes, but that’s the fourth bear trap we avoid by using this simple strategy. That’s how a multi timeframe analysis works, and that’s why I always like to keep things simple. The price hit its supports at the pink line (previous top) and the 21 ema and the trend resumed, as usual. There are no surprises for us here , and I’ll quote what the technical analysis’s father said about a century ago: “Trends Persist Until a Clear Reversal Occurs”. That’s why I’m a bull for more than a month now, and I’ll keep bullish until the bears appear. Simple . Check the links below to check my analyses about some stocks I own, and check my social media too, since I can’t post everything here! Until then, there’s nothing here that convinces me that a bear trend will begin. Let’s take a look at the daily chart: The trend is still clearly bullish.It's been years ago since I stopped trying to “predict” the next top - now I just follow the trend. I invite you to follow me to keep in touch with my analyses and if you want to understand better my trading methodology. You guys know that I won’t short SPX, because I’m inclined to buy VIX instead, and maybe we will see something new tomorrow – or maybe not. We don’t know, and we don’t need to know to trade successfully. Some people call me naive, having no idea of how serious I'm at my work. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
TVC:SPX
by Nathan_The_Finance_Hydra
19
We warned about the BEAR TRAP (3th time, yes)Hello investors! So, SPX banished the ghost of a triple top here, and the bulls resumed their trend. Yesterday’s candle was a little frustrating, yes, but the bulls retaliate today. In my last analysis I said about the importance to close above the fib retracement, and if you missed, the link to it is below, as usual. I also warned you that yesterday’s movement could be just a necessary pullback, so the bulls could take a deep breath and gather the strength they need to do a pivot , and that’s exactly what happened here, and it did another bear trap. The 3th this month! I’m just impressed because I expected a sharper pullback, at least to fill the gap we see in the hourly chart here: But, fortunately, I was wrong! The price found its support at the 21 ema, a possibility dismissed by me, but still, I'm glad it did. You guys know that I have my portfolio, and I talked about it on my social media. And, since you’re still reading this, I think you are finding this analysis at least interesting, otherwise you wouldn’t still be here, do you agree? So, please, like this idea and follow me to keep in touch with my analyses. I’m every day here, and I’m sure you’ll find something helpful. Now, SPX is trading above a fib retracement and it did a pivot in the hourly chart. I’ve been warning you a long ago, this is a bull trend. I respect the bears, but please, be careful, you might get frustrated. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
TVC:SPX
by Nathan_The_Finance_Hydra
11
GBPUSD possible Bear Trap 🐻🚫As price has finally breaks down Support&Resistance stated on chart above, I'm watching if this idea will be valid or not for this week. Trading traps might be one of dangerous action to execute, as if its fail to be a bear trap, price might just go down as well and worst case scenario, price breaks lower to 1.14772. If bear traps was a success, we might see price breaks through resistance. So long(buy) trade can be place. As safe trade, better to trade with it's trend. have a safe trade. glhf!
by WinLoseTrade
BTC/USD day trading SetupHello Traders, We want to assume the short in BTC, we already can see the RSI showing us overbought signs but, we only will assume the short position if the price goes above this resistance and go back bellow this level, so we gonna assume the bull trap, and we going to see a clearly stop point, and the objective is on the short term uptrend line. If the price goes above and accumulates above 9160 we don't want to go short anymore and the target will be 10k Please push like button, follow us on Tradingview and on Telegram. Best regards, Sandro and Gustavo. Feel free to visit my pages if you would like to know more
Short
by MarketMinds
2
We warned about the BEAR TRAP (again!)In my last analysis, I warned about the movement SPX was doing, which was very similar to the last bear trap I also warned here. I’ll put the links to my previous analyses bellow, and I invite you to follow me to keep in touch with our trades and analyses. It was a perfect déjà vu. Again, I saw a lot of people calling it a short trade, but we knew we should be careful here, and what I saw was exactly the same thing as the previous time . And I’ll repeat what Charles Dow said about a century ago: “Trends Persist Until a Clear Reversal Occurs”. Let’s take a look at the hourly chart: Two days ago, when SPX did that bearish candle in the daily chart the price was just doing a pullback in the hourly chart. That’s why is so important to look at different timeframes . But what’s incredible is that the same thing happened before, on Apr 28, and I warned about it too. Again, all the links bellow. But, what now? The real challenge here is to surpass the pink line in the daily chart, because that would trigger a pivot. Also look at the weekly chart: If we close above the 61.8% fib retracement it will be perfect. Maybe a V pattern in the weekly chart? That’s too optimistic in my opinion but yes, it's possible. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
TVC:SPX
by Nathan_The_Finance_Hydra
10
Bottom of RSI channel + Fib confluence in NOKIAHi everyone. Trying my hand at stonks again., Nokia is showing a number of potential reversal signals. For starters, Nokia gapped down and held the 0.886 Fibonacci retracement from the July 2012 correction rally. After that rally, Nokia had what I believe to be an ABC retracement downwards, with a target for "C" being $2.42. This correction sequence in my opinion is very reminiscent to a 3-3-5 Elliott Wave correction. 3 Waves up, 3 waves down, 5 waves up which would complete the bullish correction. If indeed we are looking at a 3-3-5 bullish correction sequence, we are either on the very last, or close to the very last wave downwards for this asset. Next would in theory be a powerful 5 wave impulse upwards to complete the 5 waves of the 3-3-5 correction. My opinion for the measurement of the "C" wave of this final 3 ABC series is located at $2.42. The local low so far this past trading week is $2.34. We can see that there was a fairly sizable bullish candle after touching the 0.886 and 1.618 "C" wave retracement. In the RSI, notice how the bottom of the channel was respected. This has also now printed bullish divergence in the weekly chart from late 2019. With Fibonacci, we now know that we have a potential "C" wave having completed at $2.42, as well as a bullish 0.886 retracement at roughly the same price range. Confluence! On the 30m, we can clearly see the reactions that were present when these levels were hit: The daily is showing 4 tests of the 0.886 and 1.618 retracements. The weekly RSI channel on the daily is showing that we briefly dipped below support, but were able to re-enter back above both oversold and the channel support. There is some bullish divergence from the 12th of March. This has been accompanied by heavily increasing overall volume. Currently, price is showing a spinning top doji after breaking above a triple top. The price increased from bottom to top by 20%. The Chaikin Money Flow indicator is showing consistent higher lows since late Oct 2016. These higher lows are accompanied by lower highs, which is in turn forming a symmetrical triangel. There are 3 touches of support and 3 touches of resistance so far. To validate a symmetrical triangle, rule of thumb is 3 touches each on both support and resistance. This will cause a very powerful move, whichever way it breaks. There is also a potential bullish falling wedge forming from Q2 2018. On this time frame we are only 3 points away from entering the accumulation portion of this indicator. Weekly MACD is looking somewhat neutral. There have been consistent lower lows and lower highs since mid 2017. There is a flag-like channel the MACD has been following, similar to the RSI. Interestingly, a very peculiar situation in the MACD histogram, however. There is a very strong bullish divergence in this recent drop versus the one that took place in November. Like the weekly CMF indicator, there is a potential bullish falling wedge forming as well. By the way. I did an analysis on Gold back in April of last year. Coming up on 1 year from the day I made it, gold is so far doing (almost) exactly what I thought it would. If Gold falls back down for a re-test of $1,350, it could mean that stocks are very near a potential bottom. Gold is also printing a descending triangle, and is currently facing rather strong resistance in the RSI. Consider how much fear there is in the market right now. Consider how hard and how quickly we dumped, 35%!!! IN WEEKS! The strongest and fastest drop in literal history. Also keep in mind- Wuhan and mainland china are now peaking in CV19 cases. And last but not least- just how many shorts and puts do you think there are? nokia's have a wide reputation for being INDESTRUCIBLE. This asset is literally screaming bull flags everywhere. wtf America?
NYSE:NOKLong
by UnknownUnicorn5836947
3
SPX - The day after the bears bled.Now, after the bears bleed yesterday, we see another pullback. Like I said in my last analysis, there’s nothing here that tells me the trend will change. I’ll say the 6th tenet of Dow Theory again: “Trends Persist Until a Clear Reversal Occurs”. Until then, it’s a bullish trend. Now, what would make me change my mind? Simple, if the price loses that light blue line in the chart would trigger an alert in my head. Also, I like to check the hourly chart for some insights: See that blue line, indicating an upward trendline? If the price closes under that line, I’ll be alert too. Meanwhile, there are no technical reason to buy, neither to short, because you take the risk of losing some money (like yesterday’s bear trap). I prefer to wait for some confirmation, calmly, patiently, like a sniper. Check out my last SPX analysis here: Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
TVC:SPX
by Nathan_The_Finance_Hydra
5
SPX - We warned about the bear trap.Hello investors! Yesterday, I saw some traders calling it a short opportunity, but we already knew it was a bear trap. Just as I said in my last analysis, SPX resumed its trend and yesterday was only a healthy, necessary pullback for the price “take a rest” and go up again. How we knew it was not time to short yet? Well, it just did a pivot at the hourly chart, and the price found support in both the light blue line (previous top) and the 21 ema. That means yesterday was only a pullback. Hourly chart: We should be very careful and remember the Dow Theory’s 6th tenet: Trends Persist Until a Clear Reversal Occurs. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
TVC:SPX
by Nathan_The_Finance_Hydra
12
XRP/USD you must buy on this Support!Hello traders, XRP/USD made an Bear trap at this important support level, after head and sholders reversal and goes back above this support level, the price breaks the resistance and made a pullback to test as support and the bulls are holding the price above this level, so we are bullish on XRP, every buy you made on this support will be a good buy. Our medium term objective is the next Importante Resistance level, witch that means we believe on future upside on XRP/USD of 65% Please support this publication with your like. You are welcome to follow us on the Tradingview. Best regard Sandro and Gustavo.
KRAKEN:XRPUSDLong
by MarketMinds
LONG - BTC - BEARTRAPExpecting a violent drop to the 1D support which makes confluence with a monthly level at 8300. Going to leave 3 layers for this one. Layers: 8299.5 I 8204 I 8104.5 Average entry: 8202.5 TP 1: 8462.5 TP 2: 8700.5 TP 3: 9034 SL: 8079 CryptoCue is not providing investment advice and is not taking subscribers’ personal circumstances into consideration when discussing investments. Investment involves a high degree of risk and should be considered only by persons who can afford to sustain a loss of their entire position. CryptoCue is not registered, licensed or authorized to provide investment advice and is simply providing an opinion, which is given without any liability or reliance whatsoever. The information contained here is not an offer or solicitation or recommendation or advice to buy, hold, or sell any security. CryptoCue makes no representation as to the completeness, accuracy or timeliness of the material provided and all information and opinions provided by CryptoCue are subject to change without notice and provided on a non-reliance basis and without acceptance of any liability or responsibility whatsoever or howsoever arising. You hereby irrevocably and unconditionally waive, release and discharge: (a) any and all accrued rights and/or benefits you may have against CryptoCue in respect of any opinion expressed or information conveyed by CryptoCue at any time; (b) any and all Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time; (c) CryptoCue from all and any claims (whether actual or contingent and whether as an employee, office holder or in any other capacity whatsoever) including, without limitation, Claims you may have against CryptoCue arising out of any opinion expressed or information conveyed by CryptoCue at any time. ("Claims" shall include any action, proceeding, claim, demand, judgment or judgment sum of whatsoever nature or howsoever arising.) You hereby agree to indemnify and hold harmless CryptoCue in respect of any and all Losses paid, discharged, sustained or incurred by CryptoCue in the event of bringing any Claim against CryptoCue. (“Losses” shall include any and all liabilities, costs, expenses, damages, fines, impositions or losses (including but not limited to any direct, indirect or consequential losses, loss of profit, loss of earnings , loss of reputation and all interest, penalties and legal costs (calculated on a full indemnity basis) and all other reasonable professional costs and expenses and any associated value-added tax) of whatsoever nature and/or judgment sums (including interest thereon).
BITMEX:BTCUSD.PLong
by ElMomento
Altseason finally on the horizon? priceaction above weekly 50maLooking pretty good for alt coins here as we can see price action is now abck above the weekly 50ma. If wee can close 2 consecutive weeks above this orange line here we should see alt season finally underway. we can see we appear to have finally broken out of the red falling wedge we were in here so that should help trigger sustained price action above the 50 ma as well..and of course the head and shoulders pattern as I predicted long ago in previous ideas seems like it will in fact be an obvious bear trap fake out.
CRYPTOCAP:TOTAL2
by DrDovetail
1