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Pitchforks

₿itcoin will go ✈️UP✈️ by Falling Wedge Pattern⏰(15_Min)⚠️Yesterday, after the news of the approval of the Bitcoin ETF was confirmed to be Fake , Bitcoin fell again after breaking the🔴 Resistance zone($28,450-$28,000 )🔴. 🔄Currently, the 🔴Resistance zone($28,450-$28,000)🔴 has become a 🟢Support zone($28,450-$28,000)🟢 in my analysis. 🏁In terms of classic technical analysis , it seems that Bitcoin has succeeded in forming a Falling Wedge Pattern . 🔔I expect Bitcoin to rally to at least the ⬆️ Upper ⬆️🟡Price Reversal Zones(PRZ)🟡 after entering the ⬇️ Lower ⬇️ 🟡Price Reversal Zones(PRZ)🟡 and reacting to the Pitchfork and Fib channel lines . -------------------------------------------------------------------------------- 🌐➕ Positive News ➕🌐: FTX customers could get $9 B shortfall claim payout by mid-2024. The number of wallets holding between 100 and 1,000 Bitcoins has reached an all-time high this year. Cathie Wood Says 'Hopes Are Rising' For Bitcoin ETF Approval By SEC 🌐➖ Negative News ➖🌐: US Government Holds $5 B in Bitcoin: WSJ. Bitcoin (BTC) Collapses 8% as BlackRock Denies ETF Approval Rumor. Binance Will Stop Accepting New User Registrations in the UK Starting Today. -------------------------------------------------------------------------------- Bitcoin Analyze ( BTCUSDT ), 15-minute 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. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
53
MCG Still Seeking Weekly & Yearly LowMCG showing the battle being waged at the median line of a thin Pitchfork, still lean heavily on the idea that 5 July is potentially a Weekly/Yearly low point as we saw buyers step in around this level. The line that confirms a weekly low is the blue resistance & a close above the 10 week moving average. Should the share go lower than 5 July we would know that this cycle extends beyond day 35. The bulls can wait for a painless entry on confirmations, while longterm investors should not have a problem accumulating at current levels. The middle of the road approach would be deploying 30% of what is expected then another 30% on confirmation of a swing low should we go lower with the balance on meeting the parameters for confirming a weekly low.
JSE:MCGLong
by runyamhere
A very important and vital area for decision makingAs indicated in the chart, gold is in a downward sub-trend in the weekly chart The price went below the midline of today's fork and now it has returned to its midline after a correction. Now there are two possibilities: 1- The price will pull back to the midline and experience lower levels 2- The price of the midline should break upwards and return to the ceiling of the channel But the important thing, please don't forget that this analysis is done on the weekly gold chart and it will not be a good signal for short-term or even medium-term transactions.
FXOPEN:XAUUSDShort
by PersianDisInvest
SPY reversal comingSPY fell as I predicted in the related idea. It followed exactly the RSI channel that I drew when I posted my earlier idea (yes, I didnt' draw it now but before SPY fell, on Sept. 11, 2023, when SPY was 448.38). SPY now looks ready for reversal (given the price reaching lower pitchfork lines and RSI reaching the bottom of the channel). Additionally, I have my own indicators that helped my draw this conclusion that I can't include here due to Tradingview house rules restrictions. The reversal may take some time to play out or my start right away but it's coming. I do expect SPY to go up over the next 2 days. SPY closed today at 425.88.
AMEX:SPYLong
by TradersForecast
COIN - Further Lows On The PlateThe last chart i COIN I showed you (see linked) was a nice play. Will this one cooperate too? Let's analyze the chart: The white Fork's CL was reached. It came down hard and fell beyond the L-MLH. We see the orange Fork, a pullback Fork. Price struggled to jump above it's CL a view days ago, and now opened and closed below it, AND below the white Forks L-MLH. Because I want to give this trade a little room, I initiated an Options Strategy by combining Short & Long Spreads. You can see in the Black Window (Graph), there is plenty of room to let it go against the initial idea. The B/E point is at the $85 short Call. When time passes and price would stay exactly where it is now, the position would create a little profit. If price is going up and stays between the horizontal line (yellow Arrow in the Graph), we profit. If price of COIN starts to fall, we make profits along the dotted white line. So, what's the benefit of this trade? Why not play it directional by just shorting COIN? 1. There's a time decay involved. My short Call-Debit-Spread generates money, every day by decaying in value. 2. There's the directional aspect. If price cooperates, then the position profits from the "right" movement AND 1. Downside? If price MOVES (it HAS to move) in the wrong direction above $85, then I loose with both positions. Luckily I can manage this options strategy when ever I want. I can open and/or close Spreads, I can add or remove Legs in favor of my position. I can add Stocks Long OR Short. Too complicated? I learned, that success does not just come from a 1-Trick trading Setup/System. If you want to survive in to-days markets, you have to learn, adapt and never stop this process. I personally like to have as many possibilities to skin my Cats as possible. I'm a Nerd, a Tr8dingN3rd and I live for what I do §8-)
NASDAQ:COINShort
by Tr8dingN3rd
Bitcoin: Last Leg of the Bear MarketINDEX:BTCUSD BTC has put on an impressive rally from the November ’22 lows. (+105%) Now, it looks like it’s about to start turning over again for what I believe is the leg of the bear market. The Red Median Line set is drawn from major pivots: Dec ’17 high, Dec ’18 Low, and the Nov ’21 High. I plotted a (yellow) minor fork on ’22-’23 price action to show a potential path to the major (red) Median Line. Other Factors: - RSI Bear Div - Ichimoku Cloud Bearish - VWAP from the highs holding resistance. - Strong Dollar - Continued bearish price moves in equities/risk assets *Screenshots Below* I’m expecting a final flush for BTC to approximately $9,000 - $10,000, or a 65% decline from the current price level. This is also roughly in line with previous cycles. 2015 - 2018 Bull/Bear Cycle: (Bull Market High = $19.8K, Bear Market Low = $3.1K, 84.3% decline) 2018 - 2024 Bull/Bear Cycle: (High = SWB:69K , Low = X, 84.3% decline) X = $10.8K = Low Fat_Fat
INDEX:BTCUSDShort
by Cousin_Fat_Fat
1
Nasdaq Cycle Turning BearishNasdaq daily cycle is putting lower highs indicating that price is now moving towards a cycle low, any upwards momentum can be expected to be halted by the blue resistance line. We can also see the median line of the Pitchfork is now acting as resistance. Bulls would not want to see price trade below the green horizontal line as this would represent a cycle failure (expect deeper drawdowns). Once a cycle failure occurs then we can expect price to be seeking a weekly cycle low, this will be seen by price going below the upsloping pink line, in severe pullbacks price would visit the 200 DMA which is quite a sharp decline.
TVC:NDQShort
by runyamhere
EURCAD Buy at Weekly Support Trade PlanAnalysis: EURCAD is currently positioned at a significant weekly support level, indicating a potential reversal zone. Further analysis on the 5-minute timeframe reveals a notable change of character, suggesting an influx of buyers entering the market. Trade Expectation: Anticipating a reversal, I am focusing on the warning line of a pitchfork I've drawn on the 30-minute timeframe as a potential turning point for the price. Trade Execution: To capitalize on this anticipated reversal, I am placing a buy limit order. Entries, take profit (TP), and stop-loss (SL) levels have been carefully marked on the chart above, aligning with my analysis and risk management strategy. I am taking 2 trades with RR as 1:2 and 1:4. Sure, you can also target the lower parallel of the median line, but I am happy getting out at 1:4 if the prices goes there. Disclaimer: It is important to note that trading involves inherent risks, and past performance is not indicative of future results. Please trade responsibly and consider your risk tolerance when executing any trading plan.
Long
by getmohsin.py
📈GBPUSD analysis, Weekly insight into price behavior📉FX:GBPUSD OANDA:GBPUSD Hello Traders, please check out my previous ideas. If the Pound stabilizes above the weekly Bollinger midline, the bearish scenario won't be fellfield. In the bearish scenario, the price can fall to the yellow zone. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑 CrazyS✌
Short
by CrazyS
2
📈Bitcoin weekly prediction, 23K or 31K?📉BINANCE:BTCUSDT COINBASE:BTCUSD As we specified in the previous analysis, Bitcoin's movements were limited in the green structure that was specified in the previous analytical idea. For this reason, the price started to fall from the level of 28 thousand dollars and could not stabilize at higher levels. Why? Because at that time there was no catalyst to stabilize the price. I expected the price to receive this catalyst after reaching the September 1-3 time zone, but the sentiment remains negative for Bitcoin. In this week, bitcoin price continues to move in an ascending channel (in yellow). The news around Bitcoin makes it more likely that the Bitcoin ETF will be approved. As the probability of ETF approval increases, the green path and the bullish scenario will strengthen. On the other side, if the price breaks the yellow channel from the bottom and behaves indifferent to the red fork structure, there is a possibility that the price will go down to the yellow area. Overall, in my opinion, as long as the price of Bitcoin does not fall below the $23,000 level, there is a possibility that it will go higher. But if the price loses the yellow zone and the support of $23,000, the level of 22,500 to 21,500 will be a strong support for Bitcoin in the bearish scenario. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
Short
by CrazyS
4
📈CASPER weekly --> 150% profit plan📉OKX:CSPRUSDT KUCOIN:CSPRUSDT Hello Traders, please check out my previous ideas. If the price stabilizes above the green areas --> 💥long scenario💥 targets are on the chart. optimum stop-loss is below the 0.016$ level. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑 CrazyS✌
Long
by CrazyS
3