BTC weekly levels on watchThese are some of the major levels i am looking for confluence on and going to be playing off of. They may come in handy... Check out some of my other charts and If help full, please like and follow. Cheers!
Pitchforks
any price below $0.1 is the buying opportunitycrab harmonic pattern:
X=$2.18
AB=0.38 XA
BC=0.38 AB
1.6 BC=$0.0528
2 BC=$0.0738
2.24 BC=$0.0912
2.6 BC=$0.127
3.6 BC=$.0.306
0.78 XA=$0.496
4.23 BC=$0.528
0.88 XA=$0.991
1.13 XA=$5.35
1.27 XA=$14.28
1.41 XA=$37
1.6 XA=$156
BTCUSD Top In Or One More Leg Up?The modified Schiff pitchfork seems to show that we've currently reached a top, or at least a tough resistance area. Will we break above, or go down into the crypto abyss?
Pitchfork Tutorial- Platinum as an exampleBasic forks
Platinum as an example
Major pivots
Always
High-low-high
OR
Low-High-Low
Use pitchforks to frame PA
80% of the time price returns to the median line from the third pivot
GRI 2022
bitcoin analyserest zone fro bit coin
as see in the picture
bitcoin have a lot of fall to 20000 d
bitcoin have to rest because it have divergent in rsi and macd
AVGO 481Timeframe: Multi-month swing
Last week AVGO retested and rejected the weekly 10MA yet again and sold off rather quickly. I'm targeting price to eventually make it to 481 over the next month or two. For the last 3 weeks we have yet to get above the golden zone around 594-598. We have also yet to close above the weekly 10MA for 10 weeks.
How to play this?
• I'll be looking for price to cross 539.72 to signal that AVGO would like to go lower in the coming weeks. If price never crosses below that level this week then we can play the upside.
• Once the trigger hits I would be getting in to take it to 531.
Trigger (539.72) then reversal plan:
• I would look for a bearish reversal pattern on the daily around 558 and 562 to take it short.
Things to look out for:
• Be aware that price can cross 539 this week, reverse to 558, and then reverse again the following week.
• Short term I could see some upside retracement to 558-562 to retest last week's price area. There is very strong supply at this level as it is the bottom of the VWAP (from April 2022). This means a lot of folks are holding the bag and they might be anxious to get out at that level.
Short Invalidation/Bullish:
Short invalidation area is at 576.27. At that point I would take it up to 583, 594 then 598 (golden fibs).
Block - Look at my embarrassment! Blocked ShotsWow, I am proud to say that I'm a believer in Block block heading me into a hole right now. 🕳️ I use Cash App and that cute little wallet on my android, which by the way, is very helpful when you need to deposit cash that you aquire and need to deposit without your bank. For example, I deposited 240$ into my Cash app wallet at the Dollar General. They scan a cute bar code thing and do some register button pushing and boom, deposited cash. Hopefully your clerk is as hipster as mine was.
Anyway, I definitely bought this stock way up there in the 200$ area. So, I'm definitely sharpening a knife, more like a Katana, while this keeps falling. Oh gee, I wonder if the Bitcoin thing is working out for Block right now. I heard, you can buy a burger king Sammy and get points to buy some cute vans or something. But, I'm mostly trading pennies with the cash app wallet, and watching trends. It's neat to be able to open a wallet and just peep some news and stock trends like Block's giant gash in my ego.
There are only three choices for this strategy and holding long is probably the better one.
Bitcoin Bump & Run UpdateSo with increased volume we have broken the upper diagonal of the "Extended Descending Triangle" lets see how far we can go, preferably to the neckline of the Bump & Run pattern (Target $34.5-35K?)!
GE ShortNYSE:GE
After putting in a pretty clear topping pattern, GE price action is working it's way through a descending triangle.
With rates rising, I am expecting price to fall out of the triangle and run down the pitchfork to the 0.5 to 0.618 Fib level.
Price target = $70 - $77 range.
XRPeePee Golden ShowersThat was a pretty gnarley selloff and came earlier than hoped but if you had at least one short bag then maybe you added some stablecoinage to your nut on the cover bounce? but obviously not UST.
These are treacherous time for crypto speculation and the dark pool whales have plenty of muscle to shake most weak hands from their stash.
Some things to consider as we look at this most recent inflection point, evidenced by both adjacent bottom and top wicks :
1. They want us out, obvi
2. Flash wicks still put our beloved XRP at risk of a return to the 20 cent days (and lower) so be really careful with stops (either really tight or super loose)
3. Some simple TA shows we've got big overhead with the VPFR around the $0.75 level
4. We're waaaay below our EMA's (50, 200)
5. Plans to fix UST could precipitate more selling
6. Volume on this bounce is average, not impressive like adjacent dump (coordinated institutional sharting)
Our plan here is to continue scalping (short and long) while adding to the long bags all the way down (buy when the blood is your own). We've got a fixed short bag to hedge against major owns (usually between 20% and 40% during bear cycles.
* * * not investment advice * * *
Stay frosty my dudes (and steer clear of salty BTC permabulls)
Box
VIX withing the Andrews Pitchfork Framework pointing NorthThis is a reverse Andrews Pitchfork.
The A Point is higher than the C Point.
The Andrews Pitchfork is a tool, nothing more or less.
This tool, applied correctly, projects the most probable path of price. So nothing magic or secret.
The Andrews Pitchfork roots from a physical basis.
And that's the reason why we can apply it on EVERYTHING that fluctuates.
So, if you think it just works on Stocks or Futures, or any other money based product, you are missing out a very important point.
However, in this chart, we see what's going on, trying to filter out some noise using the Line Chart.
This is the exact same approach of analysis I'l do with every other product. I want to see a CIB = change in behavior. I want to see a SMACK! like momentum., followed by a scary one that follows ( confuse the crowd!).
Here we have it picture perfect.
Probably it's not by accident, because the VIX is a measurement of volatility = fluctuation (...of fear and greed).
My personal (attention:) OPINION (...since I don't have a crystal bowl), based on the Andrews Rules and my analysis is, that we shoot higher, at least to the Center-Line. Means, markets would tank.
Hopefully this helps you too, and awakens your interest in applying the Andrews Pitchfork to your trading.
T'care out there - be clever and risk small. The rest will come.
#LearnToEarn
Andrew’s PitchforkNice looking buy opportunity here
Let’s ride the wave up
AUD making a bearish triangle on 1hr timeframe
GBP looks like a corrective wedge pattern heading to the upside
ETH heading down to usd 1100 - 1300200 w support, pitchfork, fib retracement all meeting at usd 1100 - 1300
add summer time when ETH traditionally has always lost out against BTC
add uncertainty of the upcoming merge
add the ETH 2 staking unlock
Ethereum 4HBINANCE:ETHUSDT
COINBASE:ETHUSD
There are two scenarios in Ethereum, based on Bitcoin and market trends :
We should expect a price pullback towards the pitchfork's midline if the price can be supported in the 4-hour time frame above the red rectangle.
Above the red rectangle, at the level of 1725.91, is the best entry point for the long position.
The best stop-loss level for a long position is below 1618.
The anticipation of a lower price will rise if the price cannot be supported above the red rectangle.
Up to the level of 1725.91, the ideal spot for the short position is in the red rectangle.
The best stop-loss level for a short position is above 1773.02
It should be remembered that a long position carries a higher risk.
If you like what we've come up with, tell your friends about it.
Thanks
CrazyS.
QQQ Simple Fork n FibNASDAQ:QQQ
QQQ gapped through the median line...
Next level it should reach is the lower median line.
Look for a tap of the lower median line somewhere around the $265 level give or take.
1.0 Trend-Based Fib Extension is at $264.50
NVDA SHORTNASDAQ:NVDA
Nvidia 30m Timeframe
Bearish Divergence + RSI Bearish Swing Rejection
(Not Pictured) - Ichimoku Cloud sell signals triggered.
Price has fallen out of the green pitchfork while putting in a Head & Shoulders pattern, within a larger H&S pattern.
I'm expecting price to drop here, at the very least to my T1 level or T2 level notated by the green and yellow trigger lines.
My greedy target is T3-Red oval, which is the median line of a larger pitchfork on the daily timeframe.
I've set this as a potential target because price never retested this line before continuing higher.
If price were to drop sharply, that median line (red oval) would be a likely support area.
I'm already short NVDA as of Monday, I'll be adding to my short once price breaks the white trigger line support.
Stop-Loss set at the peak of the right shoulder around $193.50
