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Pitchforks

📉PEPE is on the road to 30-40% retracement 📈BINANCE:PEPEUSDT OKX:PEPEUSDT Hello Traders, please check out my previous ideas. If the price stabilizes above the previous price ceiling, the short scenario won't be fulfilled. targets are on the chart. optimum stop-loss is above the 0.2561 level. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑 CrazyS✌
Short
by CrazyS
2
📈Bitcoin weekly prediction, 23K or 31K?📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. Due to the increase in trading volume in the last candles, I'm going to do some weekly Bitcoin analysis. In the next few days, Bitcoin is expected to stabilize around the 24K - 26.8K. If the price breaks below the mentioned area, the price will drop to the level of 24,080 (probably price receive support here) and then 22,500. last stage for price decrease, is around 21K. (red area) ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
Long
by CrazyS
5
UNVEILING THE COMPREHENSIVE ARSENAL OF TRADING TOOLS The trading landscape in the 21st century is characterized by a revolutionary fusion of cutting-edge technology and financial acumen. As the accessibility of trading increases, traders wield a versatile suite of tools that encompass chart patterns, Fibonacci retracements, Andrews' pitchfork, and the Zig Zag indicator. This in-depth exploration delves into the profound significance of these tools, unraveling their collective potential to empower proactive traders with precision, insight, and strategic advantage. The Evolution of Modern Trading Tools: The digital age has ushered in a new era of trading prowess, where rapid data flows and advanced software solutions redefine the boundaries of trading. Enabled by the synergy of computers, high-speed internet, and sophisticated charting software, traders enjoy real-time access to data analytics and market trends. Within this realm, a rich repository of tools is available, catering to traders' diverse needs with heightened precision and predictive power. Chart Patterns : Deciphering Market Sentiment: Chart patterns occupy a pivotal role as visual conduits of market psychology and price action trends. From classic formations like double bottoms to iconic patterns like head and shoulders, these visual representations encapsulate historical price movements and inform future price dynamics. Proactive traders leverage chart patterns to anticipate pivotal reversals and breakout points, weaving together historical trends and human behavioral insights into actionable trading strategies. Fibonacci Retracements: Unveiling Harmonious Ratios: At the nexus of mathematics and trading, Fibonacci retracements harmonize the natural ratios discovered by Leonardo of Pisa, known as Fibonacci. These ratios, including the Golden Ratio (0.618) and its derivatives, echo natural proportions that echo throughout nature and financial markets. Traders utilize these retracements to identify potential support and resistance levels, choreographing entry and exit points with a mathematical precision that complements market intuition. Andrews' Pitchfork: Sculpting Market Trends: From the annals of technical analysis emerges Andrews' pitchfork—a tool that imparts structure to market trends. Crafted by Dr. Alan Andrews, this method employs three pivotal price points to map out potential trend channels, identify support and resistance zones, and navigate the ebb and flow of market movements. Proactive traders harness this tool's prowess to create strategies that thrive within these discernible channels. Zig Zag Indicator : Distilling Price Trends: Navigating the labyrinthine price chart is simplified by the Zig Zag indicator—a tool designed to eliminate market noise and elucidate significant price movements. This indicator employs precise highs and lows to create lines that showcase trends with clarity, ensuring that traders are privy to substantial trends while disregarding minor fluctuations. In this manner, the Zig Zag indicator becomes a beacon amidst market complexity. A Synergistic Trading Arsenal: The amalgamation of chart patterns, Fibonacci retracements, Andrews' pitchfork, and the Zig Zag indicator engenders a holistic trading approach of unparalleled potency. While chart patterns unveil market psychology, Fibonacci retracements contribute mathematical precision, Andrews' pitchfork orchestrates trend analysis, and the Zig Zag indicator distills trends from noise, thus harmonizing a comprehensive trading strategy. Conclusion: In an era marked by unceasing innovation, success in trading is predicated upon the adept utilization of a multifaceted toolset. The amalgamated prowess of chart patterns, Fibonacci retracements, Andrews' pitchfork, and the Zig Zag indicator constitutes a comprehensive arsenal that empowers traders with foresight, precision, and strategic edge. As the 21st-century trading milieu continues its evolution, mastery over these tools remains pivotal, transforming the intricate dynamics of financial markets into a realm of opportunity and achievement. TCPLTP
BINANCE:BTCUSDEducation
by TradeChartPatternsLikeThePros
📈EURUSD 4H deadly analysis📉FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD Hello Traders, please check out my previous ideas. Just don't forget to risk-free your position when it reached the determined targets. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑 CrazyS✌
Short
by CrazyS
1
NVDA crash July 10 weekDid you ever feel like you missed out on NVDA? Don't worry, you can make up for some of that and ride the price on its way down (aka, short selling or put options). The bear is coming for the market this week and it's going to ravish the tech. NVDA price is at a pitchfork resistance level and so is its RSI. Additionally see the divergence between the price highs and the RSI highs which also indicate a bearish outlook. These (as well as insights from my own unpublished indicators) tell me that a significant price drop will come this week.
NASDAQ:NVDAShort
by TradersForecast
4
📈Bitcoin prediction, 26.5K or 31.5K? 📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders Due to the decrease in trading volume in the last few weeks, I'm going to do some weekly Bitcoin analysis. In the next few days, Bitcoin is expected to return to the $31,000 range if it holds above the indicated areas (29600-29800). If the price breaks below the mentioned areas, the price will drop to the level of 28,460 and then 26,500. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
Short
by CrazyS
GBPCHF buy opportunity at lower parallelGBPCHF's Respecting Pitchfork: GBPCHF is respecting the bullish pitchfork as it's drawn on the chart. It touched the median line, and is coming back down, which is a pretty textbook move. All in all, things seem to be playing out according to the rules. New High Confirmation It managed to make a new high in the process. This kind of behavior often signals that the price might have some plans to go further up. Sliding Parallel: The Next Halt My anticipation? I'm thinking the price might decide to put on the brakes around the sliding parallel. It's like a stopping point for a lot of price movements. If I were to make a move, I'd consider placing a buy limit order around here. Target in Sight: Median Line As for where I'm looking to take my profits, it's all eyes on the median line. That's my target. Aiming there seems like a prudent choice given the current setup. Fractal Bar: Warning There is a fractal bar just above the median line (marked in red on the chart). I'm not sure whether GBPCHF will break above it or not. So, if the price hits that fractal bar, I'm out. It's a maximum exit point for me. And even with that, the risk-reward ratio is a comfortable 1:3. Disclaimer: Keep in mind that trading involves risks. It is all about analyzing, strategizing, and adapting to the market's rhythm. Happy trading! 📈💹
Long
by getmohsin.py
📈Bitcoin, right time for a bullish rally? 📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders Continuing our analysis of Bitcoin, the price is trying to use its support level within the fork structure to start a bullish rally. In the next few days, Bitcoin is expected to return to the $31,000 range if it holds above the indicated areas (29600-29800). If the price breaks below the mentioned areas, botcoin will drop to the level of 28,460 and then 26,500. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
Long
by CrazyS
📈Fantom weekly --> 50% price jump📉BINANCE:FTMUSDT BITFINEX:FTMUSD Hello Traders, please check out my previous ideas. If the price stabilizes above the indicated areas in daily or 4H timeframe--> 💥50% price jump💥 targets are on the chart. optimum stop-loss is below the 0.215$ level. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑 CrazyS✌
FLong
by CrazyS
3
USDJPY Analysis and Short SetupSetting the Scene: Resistance and Attempts USDJPY has been knocking on the doors of a strong resistance level, it made 3 attempts and has failed. Bearish Breakout and Pitchfork So, what happened next? The price decided to ditch the bullish pitchfork and explore the bearish side. It touched the median line of the bearish pitchfork, and came back up for a quick test of the upper parallel. This happened right below that resistance level I've been talking about. Intersections Now, here's what gives me more confidence. The area where the price was mingling—right beneath that resistance level—turned out to be an intersection of the previous bullish pitchfork. To add on, there's a reaction line hanging out nearby, giving vibes of a potential reversal. My Game Plan: Short Entry and Caution Alright, so here's my plan. I'm rolling in with a short limit entry at 145.609. My target is set around 144.943. I will be using manual trailing stops to lock profits if any. Stay Sharp and Adapt Just a quick reminder, unpredictable market events can throw a curveball at the best of us. Staying in the loop with market news and being flexible with your strategies is key. As you venture forth on your trading journey, may your analysis be sharp, your strategies solid, and your profits, well, substantial! Here's to happy trading! 🚀📈💰
Short
by getmohsin.py
2
GBP AUD Long OpportunityAccumulation and Breakout: GBPAUD underwent a period of accumulation just below the median line, signaling potential upward momentum. The eventual breakout above the median line adds credence to this notion and positions the pair for a potential bullish run. Support from Accumulation: The accumulation phase beneath the median line not only reinforces the bullish sentiment but also provides an additional layer of support. This support zone serves as a buffer against potential retracements, adding a degree of confidence to the anticipated upward movement. Next Reaction Line and Reversal Concerns: One encouraging aspect of this setup is the absence of an immediate next reaction line. Can it still happen? I don't know. But this absence of an immediate reaction line makes me less worried of a rapid reversal. Trade Strategy: Based on the analysis, I am placing a buy limit entry at sliding parallel below the median line. Placing a stop-loss order below the accumulation zone. Profit Potential and Trailing Stop: The end profit area is the upper parallel. However, I will be manually adjusting the stop-loss order as the price moves in the desired direction, effectively "locking in" profits along the way. Disclaimer: It's worth noting that while technical analysis provides valuable insights, unforeseen market events can impact trades. Staying informed about market news and adapting strategies as conditions evolve is essential for sustained success. As you embark on this trade journey, may your analysis be sharp, your strategies effective, and your gains substantial. Happy trading!
Long
by getmohsin.py
AUDJPY Sell OpportunityPrice Action Analysis: The bullish pitchfork (marked in green) failed to reach its median line, leading to a breakout below the lower parallel. This breakout signaled a shift in market sentiment, potentially indicating a bearish reversal. Drawing Conclusions: In response to the breakout, a bearish pitchfork (marked in pink) was drawn to assess the potential downward trajectory of the pair. What followed was a test of the intersection of these two pitchforks, a critical zone that often serves as a pivot point for price movements. The price action confirmed the significance of this area as the pair swiftly started its descent, breaching multiple lows within a single bar. Trade Setup: Based on this analysis, a sell opportunity arises at the upper parallel of the pink pitchfork. This level offers an attractive risk-to-reward ratio of 1:3 Placing a sell limit entry at this point provides an opportunity to enter the market if the price retraces to the predetermined level. Risk Management: To safeguard against potential losses, a stop-loss order should be placed at 94.472. Profit Target: In pursuit of the desired risk-reward ratio, the profit target is set at 92.814. This level aligns with the lower parallel of the bearish pitchfork. Note: Remember that while technical analysis can provide valuable insights, the Forex market is inherently volatile. It's essential to stay updated on market news and developments that could impact your trade, and to continually refine your strategies based on real-time observations. Happy trading!
Short
by getmohsin.py
JSE Top40: At Pitchfork ResistanceThe JSE Top40 index has been trying to break the resistance of the Pitchfork to the upside, however it has continuously met failure, now price is within the timing band to drop into a half cycle correction into the end of June 2023. The line in the sand (on chart) is 69,756.50, going below this at any moment means we are in for a deeper correction. This is a high probability scenario given that the US dollar index (DXY) is showing signs of bottoming.
JSE:J200Short
by runyamhere
The USDZAR Now in Intermediate DeclineThe USDZAR pair fell out of a parallel channel, bounced off the Pitchfork and backtested the channel. On its way down, it broke out of the major Pitchfork and also went below 20 June 2023 price, defining a cycle failure. Currently we see price recovering the 200 day moving average at a point where a median line intersects a pink support trendline, this is within time window for a half cycle bottom in this pair, we now watch how price reacts with the mid-line while being aware that price action is within a falling wedge whose resistance runs parallel to the resistance of the Pitchfork. If we overcome the mid-line we next look at the next line especially where it intersects the major Pitchfork. Where we get a strong reaction followed by a swing high will give an indication of a cycle high with expectation for price to go lower.
Short
by runyamhere
XRP a bear flipping.If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! I have been posting more on my other accounts, tbh fyi. XRP update. Could not break .6732 and respecting PF so looking lower for now. .6732, bulls have to flip back. .5507, is a must hold for me, yuge level, MO. Waiting for an impulsive reaction at these level, not an all in limit buy for me.
Short
by CryptoKnee
Bullish NZDCHF Trade - Pitchfork & Rectangle BreakoutIntroduction: I'm looking at a potential bullish trade opportunity on the NZDCHF pair. The price is currently attempting to cross the median line of a bullish pitchfork, and it has also broken out of a rectangular pattern. A recent support level seen at a sliding parallel just below the median line. This sliding parallel has been respected 4 times in the recent past. I expect the price to come back here again. Setup: Bullish signs as it tries to breach the median line. Additionally, the recent breakout from a rectangular pattern adds to the positive momentum. Entry and Target: I plan to place a buy limit order at the sliding parallel. My target is set at the upper parallel of the pitchfork, as I expect the price to continue its upward movement. Stop Loss: To manage risk, I'll place a stop-loss order a few pips below the previous low. This level provides a safety net in case the trade doesn't go as planned. Notes: As the trade progresses, I'll be employing trailing stops to protect profits and lock in gains. It's important to monitor the price action closely for any signs of reversal or trend continuation. Best of luck with the trade! Remember to perform your own analysis and adjust the trade parameters to your risk tolerance and trading style. Disclaimer: This analysis is for educational purposes only and not financial advice. Always conduct your own research and risk assessment before making any trading decisions.
Long
by getmohsin.py
Market Frequency - Kite Analysis - US30 H1 - LongAnalysis - Black: D1 long fork (between the lower parallel and the upper parallel). - Red: H4 long fork (upper parallel). Pevious week's levels. - Orange: H1 long fork (between the lower and the sliding parallel). Pevious day's levels. - Yellow: m15 long fork (over the lower parallel). Next move - Purple: H1 trendlines - Blue: H1 levels to be retested - Short correction, long trend. If the H1 fork breaks it is short. Target is the median line of the H4 long fork.
FX:US30Long
by MarketFrequency
1
Market Frequency - Kite Analysis - UsdJpy H1 - ShortAnalysis - Black: D1 long fork (between the median line and the upper parallel) - Red: There is no H4 fork. Previous week's levels - Orange: H1 short fork (over the lower parallel). Previous day's levels. - Institutional investors are leaving the market. Next move - Purple: H1 trendlines - Blue: H1 levels to be retested - Long correction and short trend. If the H1 fork breaks, it is long. The range market has a great chance.
Short
by MarketFrequency
3