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Pitchforks

When and Where this Bull Market Ends / BTC.D and TOTAL3 BehaviorCRYPTOCAP:BTC.D Bitcoin Dominance and Alt Season Trigger: The chart indicates that when Bitcoin Dominance reaches around 59%-64%, there’s a high chance of an BTC dominance market correction. This level often signals the end of a Bitcoin rally and the start of funds flowing into altcoins. You can use this dominance level as a timing signal to anticipate the start of the next alt season. Historical Patterns and Timelines: Key vertical markers show important dates from past cycles, such as 2018, 2021, and projected points for 2025. These points highlight recurring patterns that can help forecast the end of the current Bitcoin rally. TOTAL3 Index Trends Relative to BTC: The TOTAL3 index (all altcoins excluding BTC and ETH) shows that after Bitcoin Dominance declines, TOTAL3 often experiences a sharp rise. This pattern has repeated in previous cycles, hinting at a potential similar move in the upcoming alt season. Bitcoin Price Rallies and Corrections: The lower chart shows Bitcoin's bullish and bearish phases, typically lasting between 450 to 550 days. This timeframe can help estimate the remaining duration of the current Bitcoin rally. Future Predictions: Based on the chart, Bitcoin Dominance is expected to reach critical levels again in 2025, potentially marking the start of the next major alt season. While this timeline depends on market conditions and investor behavior, it offers a general framework.
CRYPTOCAP:BTC.DShort
by CrazyS
US30 morning analysisTechnical analysis of US30. Cleaned Elliott Wave count off chart. Pitchfork drawn from major pivots over the last 5 years (March 2020 low to January 2022 high to October 2022 low. If price cannot tag the median line (red line) of the pitchfork, there is a high probability that price will return to the last pivot (green ellipse). At present, tagging the median line would require ~20% gains from current price. Anything is possible, but odds would seem to favor <20% gains in 2025. Price again broke pitchfork support (lower blue line) yesterday, on impulsive price action. If top is in, price likely to topple towards October 2022 low (28586.8) on continued impulsive price action.
PEPPERSTONE:US30Short
by discobiscuit
SOL/USDT Analysis: Descending Channel Meets Critical Supply ZoneHey fellow traders! Let's dive into this fascinating SOL/USDT hourly chart that's showing some really interesting technical patterns. First, what immediately catches my eye is the descending channel (those yellow parallel lines) that's been guiding price action. The text on the chart points out "Multiple Touches Confirming the trend" - and they're absolutely right. We've seen several clean touches on both the upper and lower boundaries, which gives this channel formation strong credibility. The current price is sitting at 228.17 USDT, and we're seeing a -1.40% decline. What's particularly interesting is how we're interacting with what the chart labels as a "Strong Supply Zone From Daily Timeframe." This isn't just any supply zone - it's coming from a higher timeframe, which typically carries more weight in technical analysis. Looking at the moving averages, we've got both a blue MA (likely the 200-period) and a red MA creating a bearish cross. This adds another layer of confirmation to the current downward pressure. For the short term, we're at a crucial decision point. The price has just bounced off the supply zone (marked by that last circle), showing sellers are still active in this region. That green arrow suggesting potential movement? It's pointing to possible upcoming price action, but remember - these are projections, not guarantees. Medium-term outlook shows we're still firmly within that descending channel, and until we see a convincing break above it, the path of least resistance remains downward. Those multiple touches mentioned in the chart have validated this bearish structure. Long term? See that purple marker near the bottom? That could be our next major support level if the current structure continues to play out. However, smart traders should watch for any signs of channel breakout, as these patterns don't last forever. What makes this setup particularly tricky is the confluence of multiple technical factors - the descending channel, the daily supply zone, and the MA crossover. This is exactly the kind of situation where proper risk management becomes crucial. Remember folks - while the technical setup looks bearish, Solana is known for its volatility. Keep your stops tight and never risk more than you can afford to lose. Anyone else seeing other interesting patterns here? I'd love to hear your thoughts!
Short
by TheCryptoFork
TON's Decisive Moment: Pitchfork Analysis Shows Key Zone ConfronHey 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?
by TheCryptoFork
ADAUSDT Long Setup Setting / Futures TradeBINANCE:ADAUSDT COINBASE:ADAUSD 📈Which side you pick? Bull or Bear Low-risk status: 3x-4x Leverage Mid-risk status: 5x-8x Leverage (For beginners, I suggest low risk status) 👾Note: The setup is active but expect the uncertain phase as well. also movement lines drawn to predict future price reactions are relative and approximate. ➡️Entry Area: Yellow zone ⚡️TP: 1.1726 1.2265 🔴SL: 1.0301 🧐The Alternate scenario: If the price stabilizes against the direction of the position, below or above the trigger zone, the setup will be canceled.
Long
by CrazyS
Dow Jones Transportation Average Index morning technical analysiTechnical analysis of DJT (Dow Jones Transportation Average Index). Watching this ticker as a leading indicator of a market downturn. As SPX and NDX have made new ATHs this week, DJT is down 3.65%. Blow-off top happened in November 2021. It is hard to see price action since September 2022 as impulsive. Perhaps it will turn out impulsive after everything is all said and done; this count assumes it will not. Bears looking for this to play out as a regular flat, with the C wave as a violent sell-off below 10k. Implies some black swan event, but such an event is not necessary.
DJ:DJTShort
by discobiscuit