Brett done?
BRETTUSDT.P
, 240Long
CryptoKnee
If you find this information inspiring/helpful, please consider a boost and follow!Quite the dump. Pitchfork has been responsive.Watching how this impulse retraces.Could just be prof taking but, need a bit more clarity.A nice step would be a reclaim of 0.96Waiting for some clues to play off of, but a nice impulse complete is a nice anchor to play off of....
3
1
Pitchforks
Pitchforks are used as part of a popular analysis and trading technique. In essence, there are 3 key elements to it: 2 outside parallel lines that provide support and resistance and a median line in between them. To use a pitchfork correctly, identify 3 points that are consecutive highs and lows, where the first point represents the start of a trend. The median line connects the first point to the midpoint of the other 2. Additional lines can be added at a set number of standard deviations from the median, forming parallel trend channels.
Pitchforks can be used to identify buying and selling opportunities at those lines (for trading bounces or breaks), depending on the specific rules of entry and exit a trader may have. Conservative traders will look for additional confirmation. Apart from Andrew's Pitchfork there are variations like the Schiff Pitchfork, the Modified Schiff pitchfork and the Inside Pitchfork. TradingView has smart drawing tools for all of these techniques and there is a popular chat where users share pitchfork-based ideas.
AMS Seeking Long-term Low
AMS
, 1WLong
runyamhereUpdated
Angloplat chart shows that price is in long-term decline and we are getting close the COVID low price. Price action has respected the Pitchfork and we see an area where there will be expected to be strong support, the intersection of the Pitchfork support and the horizontal support line. Before we get there we might find a turning point where the lowest price of...
2
ES1! big picture update
ES1!
, 1W
discobiscuit
My bullish count for ES1!. I have us in wave 3 of (5) of ((3)) of V.It looks like wave 2 has completed. I expect ES1! to grind up the rest of the spring and summer, with target of ~6000 and the median line of the pitchfork drawn from COVID-19 low, January 2022 high and October 2022 low.
Gold's last leg toward 2308 +/-. 30/May/24
XAUUSD
, 240Short
SteveTan
XAUUSD probably trending down toward wave (b) yellow of expanding flat (a)(b)(c)(yellow) in wave in b (blue circled). Probably a "good news" for gold on this coming Friday Core PCE Price Index.
4
CHZUSDT
, 5DLong
CrazyS
BINANCE:CHZUSDT COINBASE:CHZUSD Hello Traders Chiliz is one of my suggestions for the altcoin market. You can clearly see long-term accumulation of the price and the break in pitch-fork structure strictly. Highly potential for the alt rally season. The best strategy for altcoins is to allocate a certain percentage of assets (for example, 10% of the...
4
support level
YM1!
, 60Long
forkman
The Dow seems to be at a support level, if the support holds, the uptrend is likely to continue
📉Think Outside the Box BTC!📈
BTCUSDT
, 1D
CrazySUpdated
BINANCE:BTCUSDT COINBASE:BTCUSD Hello Dear Traders. 🔴The market has reached the end of its suffering range and our team's holiday break is nearing its end.⚡️ In this post I will track the BTCUSDT movements as long as it stays inside the Box.🔴The past few weeks, the pressure of market volatility was very high and we needed a break. We will review the...
3
Quilter Seeking a Weekly/Yearly Low
QLT
, 1WLong
runyamhereUpdated
Quilter is moving into a long weekly cycle, currently in week 42. Price is also seeking a yearly low, the last was the COVID low and we are well below that level. Ideally we want price to go below the previous weekly low (R16.61), this gives a good runway to the upside. The dashed pink line is where we will have confirmation of a weekly low by closing above this...
further price reduction
ES1!
, 30Short
forkman
It seems that due to the maintenance of conditions by the Federal Reserve, the possibility of further price reduction is possible
1
BTCUSD morning update
BTCUSD
, 1D
discobiscuit
I'm looking for key support of 65541.11 to hold, and for a daily higher high to complete an impulse wave off 56547.64 low.The regular flat that ended at 56547.64 seems too shallow for a wave 4 or a wave 2 of higher degree. If we continue to impulse higher, my primary bullish count will have this be a 5th wave extension, to complete a primary wave 3 around...
Bullish Continuation Likely
COIN
, 1DLong
IAmSatoshi
Back above the daily Cloud for COIN with a successful Falling Wedge breakout. Recent US regulatory clarity on ETH ETFs also positive news as COIN will be the custodian.
6
NQ1! morning update
NQ1!
, 1M
discobiscuit
With NQ1! reaching higher highs on the monthly, it adds to the wave ((5)) impulse off the October 2022 low. It suggests we need to finish a smaller impulse, have a correction, and then one final impulse to reach a top for the market. Price target is the median line of the pitchfork, and bulls are very likely to get it at some point.In summary, I have NQ1! in...
ETHUSD/ETHBTC afternoon update
ETHUSD
, 720
discobiscuit
Very intriguing bullish setup for ETHUSD and ETHBTC. ETHUSD holding support at .618 Fibonacci drawn from pivots at 4093.88 and 2100. There are different bullish counts that can be drawn from 879.80 low, will know more if price gets above 4093.88 and how price moves above that resistance.ETHUSD move may be magnified by bullish ETHBTC setup, if low of 0.04474 can...
2
Tesla's kangaroo still hopping. 20/May/24
TSLA
, 1WLong
SteveTan
TSLA kangaroo still boxing/ hopping inside the ring (triangle) since end of 2021. Strong support if there was a pullback toward 186 +/-. Which is confluence zone of 1) POC of Volume Profile (red horizontal line) 2) 233 weekly EMA (white MA Line) 3) Pitchfork lower channel (blue).
2
📈Quick BBSUDT 2H Long Setup📉
BBUSD
, 120Long
CrazySUpdated
BINANCE:BBUSDT BINANCE:BBUSD 📈Quick BBUDT 2H Long Setup📈 ⚡️long position with mid-risk status.⚡️ TP 1-2-3-4 and SL are on the chart. The Alternate scenario: If the price stabilize below the Bollinger midline, the setup will be cancelled ⚠️Don't forget to de-risk your positions.⚠️
4
Schiff show: VIX gap filled.
VIX
, 1D
Hellork
Volatility is near record lows. Low VIX is often associated with market tops. 0day options have been pushing VIX down further than normal though. Judging from the many solid candles on the monthly chart, the month often closes near tops and bottoms. So there should be plenty of time. The writing is on the wall. But it would not be surprising to see stock prices...
1
4
📈Bitcoin on its way to $80K? / Serial analysis on BTC📉
BTCUSDT
, 240Long
CrazySUpdated
BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. ⚡️ In this post I will track the BTCUSDT movements from 11 Apr - 18 Apr. 📈 What to Expect Next? 💡The price of Bitcoin is in a vital situation. As long as the price is above the BB midline, the bullish scenario is quite valid.The bullish scenario targets are on the price chart. 🔑Key Insights: The...
21
3
Apple still not out of wood (triangle). 17/May/24
AAPL
, 1WShort
SteveTan
AAPL still forming a triangle pattern. Probably a -14.90% drop by end of May ( so sell in May still working") or early June.
2