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Movingavarage

How to use Moving Averages like a proIn this video I describe how I use Moving Averages to trade and to stay in sync with the market. Popular Moving averages include the 9, 21, 50, or 200. Feel free to use Simple Moving averages or Exponential moving averages, both works fine, and I like to use the EMAs because they are a little quicker to respond to price movement. I also go over a trading strategy for going long or short in the market once the 50 EMA starts to change directions, I will take a position in that direction. So, if the 50 EMA goes down for a long time, I will take a long once it starts to point up. Thank you for watching!
NASDAQ:QQQEducation
by PappyTrading
XAUUSD (Gold): Create long position when the price fallsXAUUSD (Gold): Create long position when the price falls Weekly: The price of gold is currently trying to challenge the previous high and is about to break through the closing price of $2,426 in the week of May 24.From the weekly time frame we should open long positions when prices fall. Daily: According to the recent remarks of the FED Chairman and data from CME WatchTool, it is currently confirmed that there is more than 90% chance of a one-point interest rate cut on September 18, which will make the price rise of gold. This caused the previously predicted descending triangle pattern to be "broken upward", and the triangle pattern has invoid. Judging from the trend of interest rate cuts, gold prices will continue to rise, and investors should establish long positions when gold prices fall. H4: The three moving averages present an "uptrend sequence" which suggests create long position when the price falls. Strategy (H4) Buy Zone @ 2360 - 2395 (positive) SL: 20-30, TP: 40-80 Buy Stop @ 2420 - 2440 (short term) SL: 10-15, TP: 20-40 Sell Zone @ 2460 - 2490 (negative) SL: 15-20, TP: 30-50 H1: (Short-term Strategy) Buy Zone @ 2384 - 2405 (short term) SL: 15-20,TP: 30-60 Sell Zone @ 2440 - 2460 (negative) SL: 10-15, TP: 20-30 Full Time Frame 4K UHD Pic (TradingView):
OANDA:XAUUSDLong
by HyperAlphaPro
A Shining Year for Gold: Geopolitical Risks and Economic DynamicThe year 2024 may be a bright year for gold, but it coincides with a period of increasing geopolitical risks. Global political and economic uncertainties, while unsettling investors, may boost demand for safe-haven assets such as gold. Another notable feature of this year is the decline in inflation and interest rates. It is expected that inflation will be kept under control, and central banks will opt for interest rate cuts. The -0.75% interest rate reduction can be considered as part of efforts for economic recovery. Gold has traditionally been a sought-after investment in environments characterized by low inflation and interest rates. Therefore, the anticipated interest rate cut in 2024 may support gold prices. However, the persistent presence of geopolitical risks remains another crucial factor influencing the value of gold. Investors will carefully monitor the performance of gold in 2024, taking into account both geopolitical developments and economic indicators in this complex and dynamic environment. In the face of potential risks, a diversified investment strategy may provide a more secure position. ------------------- When I look at the gold mining index, I see a very positive increase. ------------------- The graph of gold in 12-6-3 month time frames gives very positive clues that the price will rise. ------------------ My Goals for 2024 - 2200 - 2500 - 2700
PEPPERSTONE:XAUUSDLong
by FXMHDH
6
QQQ Thursday Gap Up ReversalShort-term & small sample, but an interesting pattern nonetheless... If we look back at similar events to Thursday's action, they've all been short-term tops in the market. We're looking at: (1) Gap up open on a Thursday; (2) Bearish reversal closing near the lows of the day; (3) Increased Volume from the prior day(s); (4) Preceded by a good run in the market. I think it's worth noting, although I'm not sure the market dynamic behind it, that these recent short-term tops have all occurred on a Thursday. So seeing similar-type action this past Thursday is sending up a short-term cautionary signal, especially after such a strong runup over the last few weeks. I want to emphasize 'short-term' though, because the long-term trend is still very much in tact. It may also be worth noting the lack of breadth under the hood as an additional short-term cautionary sign, although there are certain areas and groups that have been participating... it's been very much a stock picker's type of environment.
NASDAQ:QQQ
by apaqu
Will EURUSD Drop Again ?I see EURUSD in the 1.08172-1.07836 area, there is a base area (DBD), as a supply area for UERUSD, and there is an EMA 200, with the trend formed by EURUSD being a downtrend, based on the above it is very realistic to determine a SELL plan in the Supply area with SL above the supply zone and TP 2R is very possible to achieve. Hopefully I'm right and luck comes my way. Note: this idea is not a recommendation for making your trading decisions. All losses and profits are not our responsibility. Happy Trading keep safe.
Short
by AHAFX10
NIFTY DAILY - 5/6/2024Nifty opens gap up and bulls were struggle to survive into the markets and made days low 21791 level. Afterwards bulls came back into action and made days high which is 22670 with 735 points up which is almost 3.36% up. Nifty has formed a big bullish candle on daily chart with long lower shadow which indicates participants were buying from day’s low. Candle is trading below 19 Days Moving Average Line. Further levels for nifty can be 22794 level which is resistance and support will be 22400 level. Bank Nifty levels Support – 48568 Resistance – 49334 Today’s Advance Decline ratio of NIFTY50 Advance - 48 Decline - 2 FII Sell – 5656.26 crores DII Buy + 4555.08 crores. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23
NIFTY DAILY - 30/5/2024Fifth winning streak of bears with huge gap down. Bears were aggressive from starting of the day and made day’s low which is 22417 level with almost 270 points. Nifty has formed big body bearish candle with upper and lower shadow on daily chart. Candle is trading below 9 Days Simple Moving Average line on daily chart. 22313 will work as support level with resistance of 22586 level. Bank Nifty levels Support – 48276 Resistance – 48832 Today’s Advance Decline ratio of NIFTY50 Advance - 10 Decline - 40 FII Sell – 3050.15 crores DII Buy + 3432.92 crores. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23
On the Fate of BitcoinIn the current image, BTC stands at the tip of a critical threshold. The price has currently been rejected from the 200-unit exponential moving average in the 4-hour time period. Although attempts have been made 3 times to the falling channel resistance area we are in, there is no strong and significant sign of any breakout. Currently, the target of an Inverse H&S pattern appears to be the previous high. However, the breakdown of the critical support area will clearly take us to a critical support area, which we will define as another bottom point within the golden pocket borders on the logarithmic fib scale. This means that we will fall below $50K.
by the6ylal
NIFTY DAILY - 15/5/2024Nifty opens gap up and mad days high which is 22297 level but didn’t survive upper level and bear drag the nifty down to the 22151 points, after that index was in a consolidation and gave flat to bearish closing which is -17 points. Index has formed red body candle with upper and lower shadow. Candle is crossing 9 Days Moving Average Line on daily chart. Nifty is able to hold 22200 level so, further resistance can be 22273 with support of 22166 level. Bank Nifty levels Support – 47305 Resistance – 48110 Today’s Advance Decline ratio of NIFTY50 Advance - 23 Decline - 27 FII Sell – 2832.83 crores DII Buy + 3788.38 crores. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23
Bearish: If price moves below 111D MA - Could mean more PAINTypically, if the price falls below the 111D moving average for more than a few days, it signals a downtrend in price to come for the next significant period of time. The 350D moving average (green) is still likely to trend upward for the next 2 years at least. Price will likely catch up to this 350 Day Moving Average (350D MA) in the coming years, probably at a price of around $150,000 - $250,000. It may take a while to reach that amount if the price falls below the 111D moving average for a significant period of time. Recently, the price bounced off of that MA, so we will see in the coming weeks if there is going to be a major trend shift in price or if the price will continue to bounce higher away from the 111D MA. If there is a trend shift to the downside, we will see a divergence between the 111D MA and the 350D MA. If not, they will continue their path of convergence until they reach the Pi-Cycle Top. My guess is that the top is around $150,000 - $250,000 for this 4-year cycle.
BITSTAMP:BTCUSDShort
by bodeen88
What Is Flowing With The Market? We have all heard that it is a good idea to go with the flow of the market but what does that look like? It's not enough to just read about flowing with the market, it must be practiced and experienced. We must acquire the skill of following markets up and down through its changes seamlessly. A disciplined trading plan will have an objective method and will objectively define entry, stop, exit, and management. Part of any good method is never wondering if the market is going up or down or about to turn, It's doing what it's doing. You want to independently know this information without having to check outside sources. In the video, I show a simple way to practice using a 100-period moving average, but you can use anything you want as long as it is objective and follows the market. With just a few rules we can use the moving average to tell us if the market is up and we are looking for longs, or if the market is down and we are looking for shorts, or if it's neutral and we are neutral. This is a letting go practice, a learning to change with change. Shane
NASDAQ:ODFL
by ShaneBlankenship
BTC 4H 200 EMA BITCOIN is back at the 4H 200 EMA . The chart shows how since BTC flipped bullish above both the 50 & 200 4H EMA's , the moving averages have provided support when aggressively trending in the case of the 50 EMA (bounced twice). When BTC has a pullback/ranges we see that the 4H EMA provides support (bounced 4 times). For the BTC rally to continue in the mid term this level must hold out to prevent further drawdown. With the halving only weeks away we have an decrease of supply and thus a a reduction in sellside pressure. Greyscale do continue to sell but for how much longer we don't know. Once they do stop selling and the mining rewards halve we have a a very bullish environment for the rest of the year. For now these are my thoughts on price action: - Hold the 4H 200EMA, range between DAILY RESISTANCE and the moving average. - Lose the 4H 200EMA, first support level is the DAILY SUPPORT, if that is lost then filling the wick at 59K could be on the cards and would offer a great place for long term holds.
by ProR35
Tilray approaching a swing trade and/or shorting opportunityNASDAQ:TLRY is approaching a resistance range and is at the top of a W pattern. It's rsi is also overbought above the 70 level. Volume is also trending upwards and has reached the level where the previous volume high (and price trend reversal) was. The trading opportunity is around the 3 scenarios shown in the chart, with, due to the technical indicators mentioned above, scenario 2 and then 3 being the most likely. Trading approach would be to wait until after the quarterly earnings are released and see if: Scenario 1 The price breaks above the resitance range, apply a 3 day filter to ensure it's not a fakeout, and swing trade upwards to approx. $3. Scenario 2 A more likely scenario, the price starts to decline and enter then enter into a short with a take profit at $1.60. Exact entry point for the trade might be difficult to determine, especially as the previous moves in price have been so explosive that there may not be an optimum tim eto enter, thus shorting would be a higher risk trade. Scenario 3 Wait until the price reaches the support level since November 2023 (approx. $1.6) and enter a swing trade back up to the resistance range with an exit at approx. $2.5. To reduce risk, enter the swing with a combination of the RSI being at 30 and/or a 3 day filter to reduce the risk of the price breaking down from $1.6 to a new low. Scenario 3.5 Same as scenario 3 but with the support level being around the DMAs and price range where the price movement faced some resistance on it's way up during mid-March 2024. A more likely scenario, the price starts to decline and enter then enter into a short with a take profit at $1.60. Exact entry point for the trade might be difficult to determine, especially as the previous moves in price have been so explosive that there may not be an optimum time to enter, thus shorting would be a higher risk trade. NOTE: Those with a risk appetite large enough may use the technical indicators mentioned in the first paragraph as enough of a comfirmation to enter a risky short trade: Entry point: Now ($2.45) Stop Loss: $2.70 Take Profit: $1.60 Risk:Reward ratio: 1:3
NASDAQ:TLRYShort
by slip_stream
5
NIFTY DAILY - 28/3/2024Another gap up opening of Index and highly volatile session, Index has made days high that is 22516 level, there was profit booking in last hours of trading. Third green body shaven bottom candle is formed on daily chart, which indicates todays open and low are same and buyers were buying from starting of the day. Formation of last three candles are higher highs higher lows. MACD is on an urge of Crossover. Candle is above 9 days Moving Average line on daily chart. Today’s closing was below 22381 level so this will work as resistance with support of 22145 level. Today’s Advance Decline ratio of NIFTY50 Advance - 45 Decline - 5 FII Buy + 188.31 crore DII Buy + 2619.52 crore. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23
NIFTY DAILY - 22/3/2024Second winning strike of bulls and took control over market and made days high that is 22180 level. Nifty has formed big green body candle with upper and lower shadow. Candle is taking support of 50 days Moving Average line. Nifty is able to hold above on 22000 level so that next hurdle level can be 22115 and weakness could be seen towards 21831 level. Today’s Advance Decline ratio of NIFTY50 Advance - 38 Decline - 12 FII Sell – 3309.76 crore DII Buy + 3764.87 crore. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23
NIFTY DAILY - 21/3/2024Gap up opening of Nifty with Positive note and made days high that is 22080. Into second half bears were back into action and took Nifty down to the low of the day that is 21941 level. Index has formed small green body candle with upper and lower shadows. Nifty has taken support of 50 days Simple Moving Average line on daily chart. Nifty is able to hold above on 22000 level so that next hurdle level can be 22115 and weakness could be seen towards 21831 level. Today’s Advance Decline ratio of NIFTY50 Advance - 40 Decline - 10 FII Sell – 1826.97 crore DII Buy + 3208.87 crore. ⚠️ Important: Always maintain your Risk & Reward Ratio. ✅Like and follow to never miss a new idea!✅ Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. Eat🍜 Sleep😴 TradingView📈 Repeat 🔁 Happy learning with trading. Cheers!🥂
NSE:NIFTY
by radha_23
MINA/USDT Trading ScenarioBelow is the scenario of price movement for MINA. As a result of an extended period of accumulation of large positions at a price of $0.6862, participants have begun to initiate an upward price movement. After completing additional accumulation at around $1.3297, the asset is once again approaching the local maximum and resistance level at the price of $1.6908. We consider the possibility of conducting a deal on breaking through the local maximum at the price level of $1.6908 with the aim of consolidating above this level and subsequently continuing the upward trend of the asset's value.
by Rick_SimpleSwap
AMA versus SMA. Is smarter really better?█ Adaptive versus Simple Moving Average Trading Strategies. Is smarter really better? Computer-aided trading systems have revolutionized the way trading decisions are made. We now employ sophisticated algorithms to predict market movements and execute trades at optimal times. Among these, moving average(MA) strategies stand out for their simplicity and effectiveness among the many available strategies. This study by Craig A. Ellis and Simon A. Parbery compares two prominent MA strategies: the Adaptive Moving Average(AMA) and the Simple Moving Average(SMA). Conclusion: While adaptive moving average strategies may provide an edge in certain market conditions by capturing trends more efficiently than simple moving averages, investors must carefully consider transaction costs. These costs can significantly impact net returns, particularly in frequent trading strategies. Findings suggest that the effectiveness of adaptive versus simple moving average trading strategies is nuanced in varying market conditions, with no one-size-fits-all answer. Investors should weigh the potential benefits of adaptability against the increased costs and risks associated with such strategies. █ Moving Average Trading Systems Among the various types of moving averages, the Simple Moving Average(SMA) and the Adaptive Moving Average(AMA) are particularly noteworthy due to their distinct characteristics and applications in trading strategies. ⚪ Simple Moving Average and Its Calculation SMA is one of the most basic moving averages in trading. It calculates the average price of a security over a defined number of periods. The SMA is straightforward to compute; you sum up the security's closing prices for a set number of periods and then divide this total by the number of periods. This process results in a smooth line that traders can overlay on their price charts to assess the direction of the trend. For example, a 20-day SMA would add up the closing prices of the past 20 days and divide the total by 20. This calculation is continuously updated as new closing prices become available, giving traders a dynamic view of the market's trend. // Function to calculate the SMA using an array sma(source, length) => // Initialize an array to hold the prices prices = array.new_float(length) // Fill the array with the most recent `length` prices for i = 0 to length - 1 array.set(prices, i, source ) // Calculate the sum of the array elements sum = array.sum(prices) // Return the average sum / length ⚪ Adaptive Moving Average and Its Calculation The Adaptive Moving Average (AMA), proposed by Perry Kaufman in his book "New Trading Systems and Methods," represents a significant advancement in moving average technology. Unlike the SMA, which gives equal weight to all data points, the AMA adjusts its sensitivity based on the market's volatility. This adaptability makes the AMA particularly useful in identifying market trends with varying degrees of volatility. The core of the AMA's adaptability lies in its Efficiency Ratio (ER), which measures the directionality of the market over a given period. The ER is calculated by dividing the absolute change in price over a period by the sum of the absolute differences in daily prices over the same period. // Calculate the Efficiency Ratio (ER) change = math.abs(close - close ) volatility = math.sum(math.abs(close - close ), length) ER = change / volatility The ratio helps determine how efficiently the price is moving in one direction. A higher ER indicates a more directional market, prompting the AMA to react quickly to price changes. A lower ER suggests a consolidating market, leading the AMA to respond more to recent price changes. █ Data and Research Methodology The data set encompasses daily closing prices for three major stock indices: the Australian All Ordinaries, the Dow Jones Industrial Average (DJIA), and the S&P 500, spanning from 1980 to 2002. This period provides a comprehensive view of market behavior, including various economic cycles, bull and bear markets, and periods of high volatility. Such a diverse data set is crucial for testing the robustness of the AMA in different market environments. This study investigates whether AMA's adaptive nature results in superior performance compared to the more static SMA and the passive buy-hold approach. The key steps in the research methodology include: Parameter Selection: Identifying optimal parameters for both AMA and SMA to ensure a fair comparison. This involves selecting the look-back periods and thresholds for triggering buy or sell signals. Strategy Implementation: Developing trading strategies based on AMA, SMA, and a buy-hold benchmark. Each strategy is applied to the data set to simulate real-world trading, with buy or sell signals generated according to the specific rules of each approach. Performance Evaluation: The performance of each strategy is assessed using several metrics, including total return, risk-adjusted return, and maximum drawdown. This comprehensive evaluation aims to determine the effectiveness of AMA in navigating various market conditions compared to SMA and buy-hold strategies. Statistical Testing: Conducting statistical tests to ascertain the significance of the differences in performance outcomes among the strategies. This includes tests for statistical significance in returns and risk metrics, providing a robust framework for comparison. Sensitivity Analysis: Exploring how changes in the parameters of AMA and SMA affect the strategies' performance. This analysis helps understand the flexibility and adaptability of AMA in response to different market dynamics █ Results The empirical analysis focused on comparing the performance of Adaptive Moving Average (AMA) and Simple Moving Average (SMA) strategies across a variety of indices, including the S&P 500, Dow Jones Industrial Average (DJIA), and NASDAQ. The performance metrics were primarily based on the total return over the investment period, the Sharpe ratio, and the maximum drawdown to assess each strategy's risk-adjusted returns and resilience during market downturns. The table demonstrates that the AMA strategy consistently outperformed the SMA strategy across all indices regarding total return and Sharpe ratio, indicating a superior risk-adjusted return. However, it's important to note that the AMA strategy also experienced slightly higher drawdowns than the SMA in certain instances, suggesting a potentially higher risk during market downturns. ⚪ In discussing the market timing ability of AMA, the analysis found that AMA could better adapt to changing market conditions, thereby capturing trends more efficiently than the SMA strategy. This adaptability resulted in higher returns during periods of significant market movements. However, when accounting for transaction costs, the advantage of AMA over SMA diminished, particularly in markets characterized by frequent, small movements that triggered more trading activity by the AMA strategy. █ Reference Ellis, C. A., & Parbery, S. A. (2005). Is smarter better? A comparison of adaptive, and simple moving average trading strategies. Research in International Business and Finance, 19, 399-411. ----------------- Disclaimer This is an educational study for entertainment purposes only. The information in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell securities. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on evaluating their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
OANDA:XAUUSDEducation
by Zeiierman
7
NDQ100 (Nasdaq) Thoughts and Analysis. Today's focus: NDQ100 (Nasdaq) Pattern – Continuation (Bullish) Support – 17,804 Resistance – 18,047 Hi, traders; thanks for tuning in for today's update. Today, we are looking at NDX100 on the daily chart. Today, we are asking if the NDX100 index will contnue to move higher after putting up several key price action points. Have buyers set the tone for a new extension higher? A main point for us will be that price remains above resistance. We have also run over a few warning signs if sellers start a new push lower. Good trading.
EIGHTCAP:NDQ100Long
by Eightcap
After a 300% Run Mind has Retested and Gearing for More!First caught my attention by the scanner 🔎 *Symbol*: `MIND/USDT` 📈 *Signal*: `Long` 💲 *Current Price*: `0.005523` 🛑 *Stop-Loss*: `0.0029251700000000004` 💰 *Market Cap*: `0` 🚪 *Entry Prices*: 📥 Entry Price 1: `0.00422966` 📥 Entry Price 2: `0.00476767` 📥 Entry Price 3: `0.0052025000000000005` 📥 Entry Price 4: `0.005637329999999999` 🏁 *Exit Prices*: 📤 Exit Price 1: `0.00845267` 📤 Exit Price 2: `0.00932233` 📤 Exit Price 3: `0.01073` 📤 Exit Price 4: `0.01213767` i realized this coin doesn't have an extensively long history, in fact it's very brief. But Recently We had a 300% Run. After that we Retested heading all the way down close to where a stop loss would be considerable at the bottom Fib Channel. On the other hand after a 300% a Correction is not only expected it's required. Here are the the multiple reasons we'll Consider MIND a Continuation We Have a Huge Breakout and the Swing Low Following Stayed above .213 Fib on Extension Shortly After the Moving Average Providing Support Moved up through the Fib Channel it was Wicking toward during Correction When ADX bottomed and turned around, the MACD Failed to break the signal line and signaled a buy now showing Strength
Long
by Tracking_Technicals
Unveiling Bitcoin's Golden Bull Run | Masters Edition | Remix Bitcoin, the flagship of cryptocurrencies, has once again surged into the spotlight, signaling a potential golden bull run on the horizon. This comprehensive analysis leverages Fibonacci levels, trendline analysis, moving averages, and now, an exploration into long-term candlestick formations and their interplay with horizontal support and resistance levels. Let's delve deeper into the technical indicators forecasting Bitcoin's luminous path ahead. 1. Fibonacci Retracement: A Dance with the 78.6% Level Bitcoin's recent price action has been nothing short of a technical analyst's dream. The cryptocurrency has tested the 78.6% Fibonacci retracement level, only to pull back to the 61.8% level, creating a suspenseful build-up. However, Bitcoin's resilience shone through as it catapulted back above the 78.6% level, setting its sights on the all-time high of $69,000. This movement not only demonstrates Bitcoin's strong market sentiment but also underscores the reliability of Fibonacci retracement levels as indicators of significant resistance and support. 2. Fibonacci Extension: Forecasting a Stellar Target The Fibonacci extension tool, a favorite among traders for its uncanny ability to predict future valuations, has once again provided a glimpse into Bitcoin's potential trajectory. Currently, the tool forecasts an ambitious target of at least $128,000. This prediction is not plucked from thin air but is rooted in the tool's historical accuracy in pinpointing major price milestones for Bitcoin, offering a tantalizing glimpse into what the future might hold. 3. Trendline Analysis: Controversy Turns to Gold While trendline analysis may spark debate among traders, its success in identifying key levels in Bitcoin's price history cannot be overlooked. Presently, these trendlines suggest the commencement of a golden bull run, pointing towards unprecedented higher levels. This analysis provides a roadmap for traders and investors, indicating significant points of interest and potential strategy adjustments. 4. Weekly MA and EMA: Shifting Sentiments The weekly Moving Average (MA) and Exponential Moving Average (EMA) are showing a major shift in market sentiment, tilting the scales in favor of the bulls. These indicators, especially when configured with the right periods, can accurately pinpoint market reversals. The alignment of both MA and EMA in a bullish configuration underscores a growing optimism in the cryptocurrency market, suggesting that the current momentum could have the legs to sustain a prolonged upward trajectory. 5. Long-term Candlestick Patterns and Horizontal Support and Resistance Adding another layer to our analysis, long-term candlestick formations offer invaluable insights into Bitcoin's market behavior. Over the years, these patterns have interacted with major levels of horizontal support and resistance, providing a historical context that underscores the significance of current price movements. These interactions reveal how Bitcoin has responded to previous periods of consolidation and breakout, informing predictions about its future trajectory. The examination of how Bitcoin has navigated through these levels in the past can help anticipate its future movements. For instance, a break above a long-established resistance level might signal a strong continuation of the current bullish trend, while support levels that have held firm over the years could indicate potential rebound zones during pullbacks. Conclusion: The Dawn of Bitcoin's Golden Era The synthesis of Fibonacci retracement and extension levels, trendline analysis, moving averages, and long-term candlestick patterns with horizontal support and resistance provides a robust framework for understanding Bitcoin's potential. As we chart this journey, the anticipation of Bitcoin's next phases grows, with technical indicators aligning in favor of a significant bullish phase. While the insights derived from these analyses offer a compelling narrative for Bitcoin's future, it's essential to approach investment with caution, recognizing the inherent volatility of the cryptocurrency market. Conducting thorough research and seeking diverse perspectives remain critical for making informed investment decisions. To Learn More, Check Out Latest Analysis & Educational Publications Mastering Fibonacci Retracement :Navigating Bitcoin's Volatility www.tradingview.com Ethereum's Breakthrough: Navigating the Bull Run and Beyond Disclaimer: This post is for informational purposes only and not financial advice. The cryptocurrency market is highly volatile and unpredictable. Engage in your research or consult with a financial advisor before making any investment decisions. BINANCE:BTCUSDT BITSTAMP:BTCUSD COINBASE:BTCUSD BINANCE:BTCUSDT.P
Long
by FikratTrades
1
Ethereum's Breakthrough: Navigating the Bull Run and BeyondEthereum's Breakthrough: Navigating the Bull Run and Beyond In this idea post, we delve into Ethereum's promising signs of a bullish future based on its recent technical achievements and market dynamics. Ethereum, a cornerstone of blockchain innovation, has shown remarkable resilience and growth potential. This analysis focuses on Ethereum's breakthrough in breaching the Fibonacci golden zone, the formation of bull season support through trendline analysis, a strong bounce from its weekly moving average (MA), and the implications of the ETHBTC valuation. Breaching the Fibonacci Golden Zone Ethereum's recent price action includes a significant move above the Fibonacci golden zone, a pivotal area identified by traders for its potential market reversal implications. This achievement is a clear bullish indicator, suggesting Ethereum's momentum for sustained upward movement. The golden zone, located between the 0.618 and 0.65 retracement levels, is crucial for identifying support and resistance levels that can predict future price movements. BINANCE:ETHUSD.P Has tested golden zone retracement and broken above Bull Season Support Formation Through trendline analysis, we observe the formation of a bull season support for Ethereum, indicating a strong foundation for potential future price increases. This pattern, marked by consecutive higher lows, reflects growing buyer interest and market confidence in Ethereum's value proposition and its underlying technology's capabilities. BINANCE:ETHUSD Has formed its Potential Bull Season Channel and right now is trying to break above the Midline Strong Bounce from Weekly MA Ethereum's vigorous recovery from its weekly moving average underscores significant buying pressure and investor confidence. This bounce from the weekly MA highlights the market's responsiveness to Ethereum at current price levels, suggesting a bullish sentiment and a potential shortage that could propel prices even higher. BITSTAMP:ETHUSD Ran 20%-50% at each test of the weekly MA Upward Adjustment of Long-Term Targets Given these positive technical indicators, the long-term price targets for Ethereum are being revised upwards. This optimistic reassessment stems from Ethereum's technical strengths, foundational role in the burgeoning DeFi and NFT markets, and its overall market performance, which hint at a much higher valuation potential than initially anticipated. ETHBTC Valuation: A Buying Opportunity? Despite the overall bullish outlook, Ethereum's valuation relative to Bitcoin (ETHBTC) is currently under pressure, indicating that Ethereum may be undervalued compared to Bitcoin. This underperformance in the ETHBTC ratio might present an attractive entry point for investors, signaling that Ethereum, at its current price relative to Bitcoin, could offer significant upside potential. BINANCE:ETHBTC Indicates Strong Bounce on Mega Support Concluding Thoughts Ethereum's journey through the cryptocurrency landscape is marked by continuous innovation and a steadfast position at the forefront of the blockchain revolution. The analysis of its technical indicators and market dynamics paints a bullish picture for its long-term price trajectory. While the ETHBTC valuation suggests Ethereum is currently undervalued relative to Bitcoin, it also underscores a potential opportunity for growth. Investors and enthusiasts watching Ethereum's progress will find these insights crucial for understanding its market position and future potential. As always, it's important to approach investment decisions with caution, armed with thorough research and a clear understanding of market risks. Check Out Latest Analysis & Educational Publications Disclaimer: This idea post is for informational purposes only and should not be taken as financial advice. The cryptocurrency market is highly volatile and unpredictable. Please conduct your own research or consult a financial advisor before making any investment decisions.
by FikratTrades