Esmone28
13 Following
8 Followers
13 Liked
0 Shared
See original
"Bear and Bull Traps
(Strategy)"
A couple of days ago, I wrote an article
where I described a phenomenon of
the vital price action known
as "double pressure," which is
extremely useful for trading
breakouts.
What are bear traps?
Bear traps refer to the
price action phenomenon
where after a price drop
(usually weak), sellers are
quickly countered by a violent
buying force. This typically
occurs at the breakout of an
important support level.
What are bull traps?
Bull traps are a
price action phenomenon
where after a price increase
(usually weak), buyers are
quickly nullified by a violent
selling force. This typically
occurs at the breakout of an
important resistance level.
#EstrategiaBTC $BTC
(Strategy)"
A couple of days ago, I wrote an article
where I described a phenomenon of
the vital price action known
as "double pressure," which is
extremely useful for trading
breakouts.
What are bear traps?
Bear traps refer to the
price action phenomenon
where after a price drop
(usually weak), sellers are
quickly countered by a violent
buying force. This typically
occurs at the breakout of an
important support level.
What are bull traps?
Bull traps are a
price action phenomenon
where after a price increase
(usually weak), buyers are
quickly nullified by a violent
selling force. This typically
occurs at the breakout of an
important resistance level.
#EstrategiaBTC $BTC
See original
"Double pressure. The key to
successful breakout trading."
"When both bulls and bears temporarily
join forces on the same side of the
market, albeit not with the same
enthusiasm, we can say we have a
situation of double pressure."
In general, the best opportunities
arise from a visible struggle around the
breakout level in question, that is,
a series of alternating bars where
the bulls and bears face off
in a relatively narrow vertical
range. These battles can
materialize in many forms, but it is
not uncommon for just a few bars to
be needed to recognize
the optimal point on the chart and,
with it, the potential for a
significant movement. Volman calls these
clustering progressions
"building tension" or
"preparation for the breakout."
#RupturaConfirmada $BTC $USDT
successful breakout trading."
"When both bulls and bears temporarily
join forces on the same side of the
market, albeit not with the same
enthusiasm, we can say we have a
situation of double pressure."
In general, the best opportunities
arise from a visible struggle around the
breakout level in question, that is,
a series of alternating bars where
the bulls and bears face off
in a relatively narrow vertical
range. These battles can
materialize in many forms, but it is
not uncommon for just a few bars to
be needed to recognize
the optimal point on the chart and,
with it, the potential for a
significant movement. Volman calls these
clustering progressions
"building tension" or
"preparation for the breakout."
#RupturaConfirmada $BTC $USDT
See original
#CryptoScamSurge
like when they start posting that there is too much scam in #cryptomonedas and you just bought 2,000 mxn from a guy who left you the USDT cheaper outside of #Binance and he already blocked you.
like when they start posting that there is too much scam in #cryptomonedas and you just bought 2,000 mxn from a guy who left you the USDT cheaper outside of #Binance and he already blocked you.
See original
#BTC #USDT $BTC $USDT
Bitcoin is consolidating
currently within a symmetric
triangle on the 4-hour chart,
showing signs of a possible
breakout. After a strong rebound in
early July, BTC has entered a
compression phase, forming
decreasing highs and lows, a
classic setup for a volatility
breakout.
The price is moving near the
vertex of the triangle, suggesting
the imminence of a decisive
movement. The 50 and 100 EMAs act
as dynamic support, helping
bulls maintain control of
the structure. A breakout above
the descending trend line
could initiate a sharp movement
towards the target zone of
$130,000-$133,000.
Bitcoin is consolidating
currently within a symmetric
triangle on the 4-hour chart,
showing signs of a possible
breakout. After a strong rebound in
early July, BTC has entered a
compression phase, forming
decreasing highs and lows, a
classic setup for a volatility
breakout.
The price is moving near the
vertex of the triangle, suggesting
the imminence of a decisive
movement. The 50 and 100 EMAs act
as dynamic support, helping
bulls maintain control of
the structure. A breakout above
the descending trend line
could initiate a sharp movement
towards the target zone of
$130,000-$133,000.
Login to explore more contents