IMHO A very extended move. A correction is most likely due in 2025. I am short at around 204 and will add to shorts up to 230ish area. Then wait for a bit and lets see what happens :)
we just hit sfp to signaling potential top.. prob if we dont make good support at some area around 97000 we can see huge drop to the bottom. more like we can have 535 pattern for the wave C lets see if it can meet support.
Lookfor long trigger on this one around current area. This can go massive looking into High time frame and structure the move can be fast. For entry I'll use a low time frame deviation. Note: Not a Financial Advise.
Hey traders! Let's break down this interesting TradingView chart of TON/USDT that's caught my attention. I've been trading with Andrews' Pitchfork for years, and this setup is particularly fascinating. First, let's look at what we're seeing. The chart shows several parallel pitchfork channels (those green diagonal lines), and two key zones have been identified: a "Strong Supply Zone" around the 6.4-6.8 USDT range and a "Weak Demand Zone" in the lower areas. What's really grabbing my attention are those two red circles on the chart. These aren't just random markings - they show crucial price interactions with our pitchfork lines. The upper circle shows where price recently rejected from the supply zone, while the lower circle marks a significant bounce from the demand area. This is exactly what we want to see when trading with pitchforks - price respecting these technical levels. Looking at the shorter term, we've just seen a pretty sharp pullback from the supply zone, which suggests bears are still in control at these higher levels. The current price sitting at 6.337 USDT (shown in the top left) tells us we're in a bit of a no-man's land between our key zones. For the medium term, what's really interesting is how price broke out of that orange descending channel back in November. This was a major structural change and led to that strong rally we've seen. The fact that price is now consolidating in this higher range suggests buyers haven't completely lost control despite the recent pullback. Long term outlook? Those parallel pitchfork channels are trending upward, which gives us a bullish bias overall. However, smart traders should watch those zone interactions carefully. A clear break above the supply zone could signal another leg up, while a fall below the demand zone might mean we need to reassess our bullish stance. One last thing - see that purple marker near the bottom right? That looks like a potential future support level we should keep an eye on. Remember folks, no trade is guaranteed, but these technical setups can give us good odds if we play them right. Always manage your risk and don't bet the farm on any single trade! What's your take on this setup? Are you seeing any other interesting patterns I might have missed?
?? DIFFERENCES BETWEEN AMATEUR TRADERS AND SUCCESSFUL TRADERS ? Amateur Traders: ❌ Rely on "27" technical indicators without a clear strategy. ❌ Are influenced by the opinions of others. ❌ Make decisions based on emotions rather than logic. ❌ Take reckless risks, often due to a lack of preparation. ? Successful Traders: ✅ Analyze price movements with precision and discernment. ✅ Prepare clear action plans and adapt quickly to new market data. ✅ Use structured trading systems to minimize uncertainty. ✅ Take calculated risks based on rational analysis and probabilities. ⚠️ Lesson: Don’t let emotions or external noise dictate your decisions. Be methodical, structured, and disciplined. That’s where the key to trading success lies. ? Which category do you choose to join today?
Or are we really just getting started? A quick analog analysis from 2005 on the logarithmic chart says otherwise! In fact, we are following the same script!
? #AUCTION Analysis ✅There is a formation of Falling Wedge Pattern on daily chart with a good breakout and currently retesting the major resistance zone? Pattern signals potential bullish movement incoming after a breakout of major resistance zone ?Current Price: $18.85 ? Target Price: $29.90 ⚡️What to do ? ?Keep an eye on #AUCTION price action and volume. We can trade according to the chart and make some profits⚡️⚡️ #AUCTION #Cryptocurrency #TechnicalAnalysis #DYOR
According to the previous scenario, I adjusted the levels a little and now it gives me a big short position scenario somewhere at the price of 93k, if we do not maintain this level, a move to the price of 87k is possible.
https://www.tradingview.com/x/TenkRf8q/ ✅USD_JPY is going up now After making a retest of the Horizontal support of 151.841 So we are locally bullish biased And we will be expecting a Further move up LONG? ✅Like and subscribe to never miss a new idea!✅
Hi Traders What are you thinking about BTC This price seems in Buy Side From 100k So keep eye on it Resistance Zone 105K Support Zone 98K May Price will Test to the Support Zone But Again Pull Back You Can see details in the chart. Lets Like and share your Minds In Comments