Nayro vex

A simplified summary of classical analysis for the beginner trader
Extracted from the explanation @Dr-Smart
And from the broadcast of our brother @ABU KAREEM
May Allah reward them for what they provide of knowledge and benefit
I organized the most important points in a summarized table to facilitate understanding of peaks, troughs, channels, breakouts, and setting targets
The goal is to simplify the information to make it clear and easy to apply
#تم #اعادة #هيكلة #table

Don't forget the day you asked a trader about ZEC, and today you're calling him a coward HHHHHH enough with the FUD.

On April 16th
74,500 was identified as a pivotal zone with two scenarios: holding above 79,200
If it breaks down, the bullish scenario is invalidated and the price targets will be reached. Success isn't just in predictions; it's in risk management and laying out clear scenarios.

The highest form of ignorance is claiming that you know"
-Plato

Bitcoin at a pivotal area 74,500
The pivot above 74,500 aims for 79,200
Breaking 74,500 with a close, we head to test support at 73,500
The current area is the key to the upcoming movement, monitor the close closely

I read this line and it completely changed my perspective on the chart
"The losing trader tries to control the market… while the winning trader controls himself."
With time, you realize that most mistakes do not come from analysis, but from fear, greed, and impulsiveness. You cannot control the market… but you can control your decisions, patience, and discipline.
True control is not over the candles, but over your mind.

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In the name of God, what God wills 🌹✨

Praise be to God for knowledge and success

ADA and DUSK

Before the path was determined
After reaching the same areas

Always confirm before entering.

#Crypto #Binance

Eid Mubarak, and may you be well every year.
May Allah accept from us and you the good deeds and return it to you with blessings and prosperity.
We ask Allah to make this Eid filled with goodness and success, and to grant you success in your trades and businesses.

Happy Eid, may you always be in good health

🌹

Introduction to Harmonic Patterns in Trading
A simplified explanation for beginners from our brother @ABU KAREEM with clarifications from Professor @Abo Hor .
Harmonic patterns are a method in technical analysis that relies on Fibonacci ratios and price movement to determine potential reversal zones in the market.
Most patterns consist of 5 main points:
X – A – B – C – D
They often appear on the chart in the shape of M or W.
Point D is the most important point in the pattern as it represents the potential reversal zone (PRZ), which is the area where the probability of price reversal increases.
Famous Harmonic Patterns
AB = CD
The simplest pattern, relying on the equality of side AB with CD approximately.
Gartley
Correction B from XA at 0.618 while D is at 0.786.
Bat
Point D at 0.886 of XA.
Butterfly
Point D outside XA can reach up to 1.27.
Crab
Point D can reach up to 1.618 of XA.
Deep Crab – Shark – Cypher
Other patterns depend on different Fibonacci extensions.
Key Fibonacci Ratios
Retracement Ratios:
0.236
0.382
0.50
0.618
0.786
0.886
Extension Ratios:
1.13
1.27
1.41
1.618
2.00
2.24
2.618
Conclusion
When several ratios cluster in the same area, a potential reversal zone (PRZ) is formed, and the greater the alignment of the ratios, the stronger the likelihood of price reversal from them.

Start of Lesson 9💐

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May Allah reward you for this benefit

♥

The journey of understanding the market from liquidity to traps for traders
From the broadcast of our brother @ABU KAREEM and an explanation from the professor @عبدالجواد

The market does not move randomly but always seeks liquidity, which is the places where there are many buy and sell orders, and this often occurs at tops and bottoms because traders place their stop-loss orders there.

When equal tops or bottoms appear, this indicates the presence of liquidity, and the price may go to hit them and then move afterward. Sometimes the price slightly breaks the top or bottom and then quickly returns; this is called a false break or liquidity hunting.

There are also traps for traders:
The buyers' trap occurs when the price breaks the resistance and then drops,
And the sellers' trap occurs when it breaks the support and then rises.

Among the important signals is also divergence, which is a difference between the price movement and the indicator like RSI, and it may indicate a weakness in the trend and a possibility of its reversal.

The images above illustrate examples of divergence, types of false breaks, and market traps, and how traders can use them to better understand price movement.

In conclusion,
The market often moves from one liquidity area to another, so understanding liquidity and traps for traders helps read the market more clearly and avoid many trading mistakes.

A little and the lesson begins

May Allah reward you with goodness, bless you, and benefit through you. We are waiting for the lesson, God willing.