On the ether, the HEAD and SOULDERS are also formed, at the peaks of the market it often always accurately signals a reversal (2,3 attached chart on the ether and bts) Locally on the ether, the atx was set at $4110, on the btc $108400 The target for a decrease in the ether after breaking through support is $2800
Q: What do we measure with Medianlines/Forks? A: Extremes and balance. Q: What do we measure with SMAs? A: The average price over a defined period. Both are tools. A tool serves a specific purpose. Shouldn't we use the right tool for specific tasks? Why do I use Medianlines/Forks? To identify when a market reaches an extreme (high or low) or balance, giving me a better chance for a successful trade and a solid profit target. It’s not about better or worse. The goal for any trader should be to optimize results from their tools—no matter if you're trading based on moon phases. Why do I use SMAs? SMAs help me stay in long-term (weekly/monthly) trend trades, as I tend to exit too early. For me, SMAs are more of a support tool rather than a tool for entries or exits. In combination, they are valuable, which is why I use them together for long-term trades. Here’s an example with NESN: The white fork projected the continuous trend until the market fell below the L-MLH, opened, and closed beneath it. This was a warning signal and a price level where partial profits could have been taken. Then came the SMA crossover—an exit signal for the entire position. At the same time, you could have reversed the position and entered short, using a tight stop just above the last pivot high. You’d then exit at the center line or trail the trade, aiming for the L-MLH as the final long-term target. Key Takeaways: 1. The fork provided a warning signal to take partial profits. 2. The SMAs signaled a complete exit and offered an opportunity for a potential short. 3. The center line of the red fork provided another (partial) profit target, as the market reached balance there. It also allowed for trailing the position to maximize profits. 4. The SMAs are keeping us in the short trade. When used correctly, both tools can be very helpful. Let’s stop the "wars" over which indicator, setup, or oscillator is "better." Instead, let’s use what works well, enjoy the good results, and take pride in doing a great job. By the way - I need your help! I’m receiving more and more private messages asking to start a trading group focused on education and crafting trade ideas. If you think you’d join, please answer the following questions in the comments below or send me a private message: 1. Do you trade to: a) Build wealth over many years b) Have fun c) Make money consistently to pay for monthly bills 2. Do you feel more comfortable trading with: a) A high win-rate b) A high risk/reward 3. Do you prefer: a) Short-term trades (hours/days) b) Long-term trades (weeks/months) c) Scalping Feel free to comment on what you’d expect from a trading group and what you want most from trading. Wishing you all happy profits!
Recent movement shows btc rejected on the trendline resistance of the connected ATH starting point of 2017. Establish a Bullish Cypher from the previous cycle with main PRZ around 21k and Target extensions sitting at 98k~117k. Starting point of 2022 ATL, establish a 5wave count uptrend. Plot ABCD pattern where AB=CD around 98k, "C" retracement fib0.50 = "BC" extension fib2.0. If this pattern plays-out, TP1 could be aim at "C"=50k, following TPs at CD*1272/1618. A Gravestone Doji has been printed on the monthly candle closing, next bearish pattern continuation for this will be an Evening Star. On the otherside, a breakout of trendline and an extension of Wave5 could still be possible since current cycle carry the loads of ETFs.
From a technical point of view, the medium-term trend of the gbpjpy currency pair is bullish, but the yen is moving towards a change of priority. Yesterday, the price strengthened to 197.181111 but after grabbing liquidity below the level, the upward movement did not develop. The price was consolidated below the level of impulse candles and rushed lower. The volume surge at the support level indicates the activity of sellers. And all this is happening against the background of the Cable growth. Thus, we should expect a further price decline, before grabbing demand at 194.825556.
XVG broken out of symmetric triangle and next stop on chart
Gold Bullish (Short Term Targets) Target till $2667 Goodluck!
AARTI INDUSTRIES: It appears that Aarti Industries is currently establishing a support level within its present price range, which is likely to hold until it reaches 386. This observation suggests that something positive might be anticipated, possibly due to favorable results or the interest of savvy investors, as accumulation seems to be taking place according to the chart. Please note, this is not intended as a buy or sell recommendation; it’s important to consult with your financial adviser for tailored advice. Regards Happy new year.
Happy New Year, Traders! I hope your New Year's celebrations are going well. Here’s a quick update on USDT Dominance (USDT.D) to help you better understand the market. USDT.D has rebounded as expected, so it seems that avoiding futures trading and shifting from BTC and other altcoins to USDT was the better choice. Currently, USDT.D is at 4.32%, with a strong resistance level between 4.8% and 5%. To create a rejection, it needs to maintain candle closures below these levels, which would eventually lead to a rebound in BTC and other altcoins. However, if USDT.D surpasses this resistance, it could create a stressful situation in the market. On the other hand, a rejection of USDT.D at these levels would bring relief to the market. Let’s see how the New Year begins. Feel free to let me know if you’d like updates on specific altcoins. Thank you, and trade safely!
EU continues to decline towards previous current lows which we are now looking @ 1.02914 as our next target zone for a short term LONG POSITION ON EU.
The price has formed a bullish flag on the daily time frame, and if it breaks out, it can drive the price up to around $2.9. I don't know why this coin reminds me of BNB!!! Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.? _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and ?Follow?! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!