Hello traders,
Triple bullish divergence on the MTF momentum histogram, might not be now or a few hours from now but the short squeeze is coming and late sellers won’t like it. (I'll post TA with the oscillator below this post)
Shorting after a multi-thousand dollar dump is never a good idea even if you think it’ll go lower because a squeeze to punish late sellers usually comes next, once buyers flip the 21 MA momentum will shift to the upside.
1) This price action is an example of why you can’t solely trade momentum oscillators, ltf has been “bottomed” for a while but had a massive red candle shortly after, the same happens to the upside when it’s oversold. Example: stoch rsi (momentum oscillator)
2) Whales know traders watch these indicators and will stop at nothing to spoof them resulting in traders getting chopped.
3) Then once they panic and give into the manipulation the market turns around and squeezes in the opposite direction, like clockwork. (this is about to happen, sellers are trapped)
Please like/comment to show your support if you'd like more technical analysis from me.
👍
Triple bullish divergence on the MTF momentum histogram, might not be now or a few hours from now but the short squeeze is coming and late sellers won’t like it. (I'll post TA with the oscillator below this post)
Shorting after a multi-thousand dollar dump is never a good idea even if you think it’ll go lower because a squeeze to punish late sellers usually comes next, once buyers flip the 21 MA momentum will shift to the upside.
1) This price action is an example of why you can’t solely trade momentum oscillators, ltf has been “bottomed” for a while but had a massive red candle shortly after, the same happens to the upside when it’s oversold. Example: stoch rsi (momentum oscillator)
2) Whales know traders watch these indicators and will stop at nothing to spoof them resulting in traders getting chopped.
3) Then once they panic and give into the manipulation the market turns around and squeezes in the opposite direction, like clockwork. (this is about to happen, sellers are trapped)
Please like/comment to show your support if you'd like more technical analysis from me.
👍
交易進行
交易進行
update: the 21 MA has been flipped into support and the market is still following my path, took 22 hours but momentum has shifted to the upside, sellers are now trapped and the squeeze likely continues over the next 24-48 hours into Friday
交易進行
update: MTF flipped green see you at $46,700
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。