Pitchforks
📉Gold prediction / Suggested Price Pattern📈FOREXCOM:XAUUSD
OANDA:XAUUSD
Hello dear traders.
If the price does not consolidate above the $2152 level, a bearish scenario will occur.
On the other hand, if the price receives strong support at the bottom of the pitchfork or stabilizes above the 2-hour Bollinger Midline, the bullish scenario will increase the price to the yellow zone.
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CrazyS✌
Will BTC Test the Lower 50ks Again?
BTC is experiencing a retracement after its recent bullish breakout. The battle at the strong support level of approximately 69k has shifted to the 65k-67.5k band. So, what's the next stop (possibly terminal) for this pullback? I anticipate BTC might revisit the mid-50k range, with a high chance of briefly dipping into the lower 50ks. This prediction stems from the Harmonic pattern formation (Cypher, Shart, etc.) and the parallel channels visible on the chart.
Interestingly, I'd overlooked that we've been navigating within a dark-orange, red-edged channel for quite some time. It's highly probable that this channel will act as a support in this scenario, aligning with insights from other analyses.
📈Ethereum overtake Bitcoin after Dencun update!📉BINANCE:ETHUSDT
COINBASE:ETHUSD
Ethereum can start an upward scenario on the eve of its update.
The condition for the occurrence of this bullish scenario is the stabilization of the price in the yellow range.
after that, the bullish scenario can continue up to the level of 0.06 and after stabilizing above specified level, it can go up to the channel.
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📈DYDX quick long-position📉BINANCE:DYDXUSDT
BYBIT:DYDXUSDT.P
Hello dear traders.
If the price does not return below the $3.8 level, the bullish scenario will be strong.
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BTCUSD morning updateThe only bearish case I can make for BTCUSD at the moment. On the left, pitchfork drawn from ATL/Nov 2021 high/Nov 2022 low showing profit taking/resistance at .25, .5, and .75 areas (circled areas), with last stop in the 76k-80k area. On the right, you can see price action on log scale, where the count doesn't look as ridiculous. Primary wave 4 ends up being an expanded flat, to accommodate what looks like an impulse wave from Nov 2021 to Nov 2022. I think that the only way this count gets realized is with a near-term cataclysmic drop in equities below their October 2022 lows.
🐶Floki Inu(FLOKI)🐶 is Ready to Correct 🚨➖50%🚨🐶One of my favorite meme coins is Floki Inu(FLOKI) . A few months ago, I shared with you the analysis that Floki Inu(FLOKI) has increased by more than 😱 ➕2000% 😱 so far.
💡 Floki Inu(FLOKI) began to rise after the community of users of this meme coin voted to burn 190 billion FLOKI tokens . But will this growth continue❗️❓
🙏Please, Stay with me.
🏃♂️ Floki Inu(FLOKI) is currently moving in the 🟡 Potential Reversal Zone(PRZ)($0.000215-$0.000136) 🟡and near the upper line of the ascending channel and Pitchfork line .
🌊According to the theory of Elliott waves , Floki Inu(FLOKI) seems to be on the way to completing the Double Three Correction(WXY) , so Floki Inu(FLOKI) is currently completing the main Y wave .
🔔I expect Floki Inu(FLOKI) to correct(➖50%) at least the 38.2% Fibonacci level and 🟢 Support zone($0.00002322-$0.00001528) 🟢.
❗️⚠️Note⚠️❗️: An important point you should always remember is capital management and lack of greed.
Floki Inu Analyze ( FLOKIUSDT ), 2-day time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my Idea, and I will be glad to see your ideas in this post.
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THOT Dot, is gonna stop?If you find this information inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment!
THOT #DOT 🧵
Still in since 6.448
It held 7.00 and broke the pivot high!
Another dino coin that could be a 3 of 3
or an ext 5th.
A break of this level and flip as W4 is ideal.
$13 is the next AOI if this is broken.
The NVidia Party About to PopNVidia left behind a yawning gap, it is now testing the support formed after that gap, the price point of failure is $403.11, if we go lower than that we have higher conviction that we drop to fill the gap. For now indicators show it is oversold so we can expect a bounce which I would expect to be rejected at the intersection of horizontal resistance and median line of Pitchfork.
SPY bearish pitchfork analysisI drew these pitchfork lines before Oct. 15, 2023 when I posted my last SPY idea, titled "SPY: strong bullish pitchfork analysis" (see related idea below). At that time SPY was 427.48. Now it's 470.80. SPY reached the top pitchfork line that I drew back in Oct. 15 last year and is at this time expected to fall further.
Cashbuild Showing Signs of Trend ReversalCashbuild is in pursuit of a weekly and yearly low price, here we see price finding support at the 0.382 line of the Pitchfork bouncing off it. In the process it has created hidden divergence on the TSI & RSI indicators. We can open a long position when price closes above the 10 week moving average, more risk accepting investors can go long on weekly swing low. Ideal to harvest some profits when we reach the resistance of the Pitchfork but we will be assessing these moves on a daily chart timeframe.
BTC Rally to $100KINDEX:BTCUSD
In 2023, Bitcoin:
Rallied off the lows
Broke through the ML
Retested and put in a base along the top of ML
Now in 2024, Bitcoin is breaking out from that base.
Hopefully, volume will confirm over the coming weeks. (Screenshot below)
But... there is no sense in waiting if you aren't "in" already.
Near perfect long setup as it is, plus BTC halving is about to take place sometime in April.
Get Long.
Take profit at the upper ML-H or move your stop up right below upper ML-H once it gets there.
Fat_Fat
📈Bitcoin price movement near 40K level📉BINANCE:BTCUSDT
COINBASE:BTCUSD
Hello dear traders.
After receiving support around the level of 38-39 thousand dollars, Bitcoin now has two possible scenarios in front of it.
If the price fails to stabilize in the specified area, the bearish scenario will be activated. But according to the divergence of the indicated indicators in the chart, Bitcoin can advance towards $41,500 to $42,500 after stabilizing above the yellow zone.
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IBKR Weekly Technical AnalysisIBKR Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Pitchfork, Confluence, Clusters, Trend Lines, ABCD Pattern, Fibonacci Extensions - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
MATIC may contract by 80% before next bullish rallyMATIC may still be overpriced and needs a bigger correction before the heavy buyers step in. In my attempt to gauge the size of that correction I have concluded that the price may drop to around 0.17 USD. Please note that this is weekly, logarithmic chart.
MSFT $560+ - Energy Point + Fib ConfluenceNASDAQ:MSFT
Microsoft is breaking out after putting in a base from November to early January.
Plotting a Modified Schiff fork, we see the base and breakout took place right after both passing and retesting the median line.
Adding Fibonacci extensions and a secondary fork, an energy point appears at the intersection of the ML-H, ML, and 1.0 Fibonacci extension.
It has already surpassed the previous all-time highs, put in a base, and broken through this base.
However, this idea is not perfect.
Ideally, the break-out would have taken place with heavier volume.
I'll be keeping an eye on volume going forward.
Another positive weekly candle with above average volume will really boost my confidence.
If everything goes as planned, we should see MSFT reach ~$560 by August 2024.
With a stop below the November-Jan base, we have 1:4 Risk/Reward ratio trade. (Screenshot below)
Long MSFT
Fat_Fat
AMD Weekly Technical AnalysisAMD Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Confluence, Cluster, Parallel Channels, Modify Schiff Pitchfork, Fibonacci Extension - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
MACY'S Weekly Technical AnalysisM weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Confluence, Cluster, Modified Schiff Pitchfork, Fibonacci Extension - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.
SILVER FUTURES Daily Technical AnalysisSI1! Daily - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines, Cluster, Confluence, Rectangles, Pitchfork, Modified Schiff Pitchfork, Fibonacci Extension - Hope it Helps, Good Luck
DISCLAIMER - This communication is not trading or investment advice, recommendation or solicitation to buy, sell or hold any investment product is provided for informational, educational and research purposes only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The author or persons involved in the conception, production and distribution of this material cannot be held responsible for transactions or any financial loss or damages resulting directly or indirectly from the use or application of any concepts or information contained in or derived from this material. Past performance is not indicative of future results. Any person who chooses to use this information as a basis for their trading assumes all the liability and risk for themselves.