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BEAR TRAP

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This could be a huge bear trap setup right here just like 2019.

The SPX500 holding support nicely for now , even though we are hours away from opening yesterday close was pretty good .
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If we remain in this ascending channel it would be the final flush out before the next leg.

Lets not forgot the higher timesframes are looking good ,
contracting histogram momentum to the upside .
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The legendary hash ribbon buy signal with crazy hit rate.
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If we break this ascending channel the 2019 playbook goes out the window and we go back to the charts see what we can find but until then , setup for a long ,could take a week to build divergence.



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alot of Binance FUD , seems to be like the perfect bear trap , stock market still green , if stocks close green today much higher chance it will be a bear trap
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They are going to stop hunt till 2am GMT early morning then PAMP
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Come onnnnnnnnnnnnnnnnnnnnnnnnnnnnnnn baby , NAS100 up 2% , 24k by monday or i retire
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Since june 2022 the daily buy on a indicator which i cannot show cause its against house rules has now flashed on , lets see how the daily closes .
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快照 interesting we had this fractal on the 1hourly play out
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Rising Wedge on USDT dominance chart forming! 快照
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so far every 4hour candle since dump has closed above channel , we find out how this rolls very soon 快照
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Thats UTC+1 on tradingview
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HMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMMM SHOCKER 快照
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Deep RSI buy flashing on MC B 12hour , last 4 times it flashed buy we had these moves , confirms with with close , just another clue 快照
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When price is moving sideways like this its always good to use Money flow , on the 4h hour it just flipped bullish and on the daily showing signs of a bottom .
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VWAP reset now flipped mostly positive , these are all good signs for now 快照
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BTC vs USDT
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tick tok
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Money flow still climbing on the short timeframe but this volume is crazy low, all the exchanges dropping silvergate really taken volume out of the ecosystem.
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For over a year now been using this channel on USDT with amazing success , every move we are normally one step ahead .

I was digging yesterday and found something pretty amazing , USDT dominance in mirroring 2019

We have the breakdown from the mirco channel , first pullback it comes back up to mirco channel and creates rising wedge .
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lets see a break of this rising wedge to the upside and i call it 快照
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Once this rising wedge gets invalided on the USDT dominance ,Bitcoin will break under 21.5k , this is the line in the sand , ascending channel will be broken also , until then the 2019 fractal could still play out but at this point much lower chance.
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Patiently waiting for a invalidation of the rising wedge still to put to rest the 2019 fractal and move.

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Doomsday 2008 fractals everywhere :P , powells fed speech has the market in full fear mode , for me its extremely bullish short term , we DO NOT WANT a pause of the fed rate , look what happens at pauses.
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we done here 快照
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well technically we still mirroring we now pulled back exactly same amount as 2019 aswell , but ye thing its time to bin this idea 快照
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You know what guys , just seen a 3.5k BTC call on twitter , its time to long .

250k x3

STop loss 21200

take profit 35k

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Stop hit , god dam broke all patterns , all fan fibs . everything :P , on to the next trade
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cme gap closed , next level for me would be 18k at this point
CME gap closed
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快照 hold or bust
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god dam it was a bear trap in the end but went mucher deeper than i could have expected , the classic bear trap all the way down to CME GAP 快照
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The plan since last july has not changed , 35-48k top
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