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Fakeout

DENT LTF CHART FRACTAL (UPDATE ITS A BEAR TRAP?)I still think we break to the upside and this move is just to shakeout weak hands. Asimilar trade i took mid august on alice and I was weak with my resolve, lost a lot of money and watched it v back up to my target. Don't sell unless its invalidated. Link below to the original chart. Consider a Donation: BTC: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20) 159F3K5sZYnAQC4qt929jkkXKfSgNmukbq ( BTC ) ETH: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20) 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (ERC20) LTC: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20) LdH9QfYsPYcjm5hAXfDQrS9Pmmr9QHu8Py (LTC) USDT: 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (BEP20) 0x03794f2ae7a97f2e308cb0d46fde8d1728e4b694 (ERC20) TH6nuZUjRakTV7bA25Uk8AVZe5pLSSxMix (TRC20) bnb136ns6lfw4zs5hg4n85vdthaad7hq5m4gtkgf23 (BEP2) -> MEMO: 106029441 I honestly appreciate all donations. Im really down bad. My first year and lost 90% of my capital. starting balance was $1000. learnt about leverage a month ago and got greedy with it. was going to use litecoin to make it all back but price didnt meet my entry now im stranded. The learning process has been gruesome but I've learnt the hard way. just need to figure out how to tell my mom i lost all her money. Panicking, dont normally do stuff like this but i dont know anyone so i resort to this. THANK YOU IN ADVANCE. Worth a shot.😥
Long
by RektMyMom
14
BTC/USD ABC Correction in PlayLikely BTC/USD ABC correction in play. Notice the confluence of extensions and key levels. If compared to the 4 hour downtrend line (in white), a bounce to 56k would still make a daily downtrend valid. Meanwhile the recent bounce off of $47.1K could be a potential support but the more likely scenario is a bear flag and an ABC dead cat bounce. Zooming out to the weekly we see fractal patterns resembling a bear flag with further downside in play. Volume candles on the recent capitulation dump prove notable but not convincing. The recent break below the orange trend line shows a potential bull trap fake out last week followed by a Friday night massacre on the markets. Useful is a comparison the the ETH/USD and ETH/BTC charts when compared with ETH.D dominance which recently peaked at 22%.
Short
by Shadowfigure
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