S&P 500 Weekly Technical AnalysisES Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support, Resistance, Trend Lines , Parallel Channel, Cluster, Confluence, Fibonacci Retracement, Pitchfork, Modified Schiff Pitchfork - 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.
Pitchforks
XAUUSD Weekly Technical AnalysisXAUUSD Weekly - No RECOMMENDATION or ADVICE Status / EDUCATIONAL only - Support-Resistance Zones, Modified Schiff Pitchfork, Pitchfork, TrendLines - 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.
$COIN pullback to $5X.XXWell's notice fiasco after a series of failed meeting with the SEC, bearish divergences all over crypto and heavy insider selling since Feb is a recipe for $COIN to pullback after a pump from $40 to $80. Even Cathy Wood has sold large positions in $COIN for the first time this year, which is no good news.
Wakey Wakey . . XRP Gart & FakeyHey crew, gonna drop this on ya. I probably shouldn't because "they" watch my sh!t close and I've had to figure out how to post price levels without actually posting my personal entry / exit points. I've literally had orders miss filling ROUTINELY by as little as .001 to .0001 which as you can imagine is enough to drive a person to drink lighter fluid laced egg nog even if it's NOT Christmas.
So here's the shakey shake . .
1. Remember, XRP always pumps before dumps.
2. Keep an eye on Bitty and especially the S&P 500, there's some pretty good parity there and insight into overall market directions. It's still pretty comical that crypto will trade in some degree of parity to broader markets BUT, that's "probably" intentional because if "regulators" can make the case that crypto trades to 70% or greater correlation to broader markets then they can further strengthen their claim that crypto should be classified and therefore REGULATED like securites. (FtheSECbtw, you guys are F%$@#rs)
3. Garts pretty much NEVER play nice with XRP so don't be alarmed if/when this one doesn't either. Maybe we'll get some 50/100 day ema fingerbang action in which case, I'd be TP scalping from those 0.37 buys if you got em.
I personally like XRP at lower levels, who doesn't? Even if you're a salty bull from > 1$ levels then you know it's just more opportunity to lower the cost basis, amirite? ;)
Hold the line and don't be afraid to hedge even at these levels. I still think we have a date with 10 cents.
Stay frosty and remember, * * * Not investment advice * * *
Box
XRP, way to be!If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better!
XRP broke a major level, MO, but now the hard part... have to flip or hold above it.
This would be the ideal path based off of the swings. But, end of day, that $.42 level is the ideal level to hold and maybe play off of, NFA.
Cheers!
Bitcoin Roadmap until FOMCBitcoin plan until FOMC
The pullback to ~$22.1k-$22.5k.
Hot CPI on Mar 14.
Dump to these supports: ~$20400, ~$19.7k, and the final and vital target for this leg down would be 0.618 Fib level (~$18.7k) until FOMC on Mar 23.
Fed will announce 0.5 bps rate hike, but this won't affect the market much because it will be priced in.
Then a new consolidation phase + uptrend will begin.
Please hit the boost button if you agree.
Thanks
$BTC $170K by Halloween 2023, believe it. If the same technicals of growth, volatility, and previous lows and highs math estimates are correct, then as strange as it may sound, Bitcoin is 23% likely to reach $170,000 by Oct 31st 2023.
Not to mention the fertile environment for Bitcoin given;
1. The recent turmoil in the regional banking world and the lack of trust of the banking system being reinforced.
2. The decline of BTC in 2022 was arguably related to the massive interest rate hikes by the Fed, and they (The FED) are now likely to stop raising rates due to #1.
3. The correlation btwn Gold and Bitcoin has re-emerged in recent weeks
QQQ ATH-GFC Fib RetraceNASDAQ:QQQ
Here we go boiz, the moment we've all been waiting for.
QQQ to retrace the entire '09 GFC low to '21 ATHs. (Full Retrace Screenshot Below)
You could wait for Sliding Parallel Break for added confirmation if you are the cautious type.
Energy Points as shown on chart are targets.
yuh
Fat_Fat
MPS to visit 28 USD/shareAs money seems to trickle into crypto again, perhaps backed by fears caused by Silicon Valley Bank collapse, I am looking for a short-term upside potential and MPS presents such an opportunity:
In June of 2022 the MPS did return to the major support level of 4 USD (yellow line) and bounced
In July of 2022 it broke out of it's downward trend (red line) and begun drifting sideways
No sideway-movement may continue forever as it is storing up energy for a potentialy sharp release
There is no way to go down and thus I am expecting MPS to reach the median line of the pitchfork (approx. 28 USD)
At the moment of this analysis we are beginning to drift outside of the potential pitchfork and that will mess up the probability if it continues for a few more days, however I believe that a delay in price action is only caused by poor liquidity and difficulty to obtain the Mt Pelerin shares.
325 SPYAMEX:SPY
SPY has broke under the yellow trigger-line, from the previous confirmed Pitchfork.
I have been waiting for this confirmation before entering a new short position.
Plotting a new Fork from the most recent Hi-Lo-Hi pivots, we see that the upper parallel has been retested and has also held price. (Red Fork)
SPY has a 70-80% chance to reach the latest Median Line. (Red Fork)
I approximated a target on the Red ML using a trendline from previous low pivots.
Target = SPY 325.
Target Date = May 10th, 2023
Short SPY.
Fat_Fat
USD/CAD Scouting a Long EntryOANDA:USDCAD
USD/CAD putting in a double bottom off the Red Modified Schiff ML after breaking out above the Yellow Andrews ML.
Multiple MLs pointing to a run towards the upper parallel, @ approximately 1.4650 (screenshots below)
I am not long yet, but I plan on either longing a break above the previous peak at ~1.3705 or attempting to get a better entry if price returns back to the ML for another retest.
Stay tuned, will update when/if I make a move.
Fat_Fat
MATICUSDT The first price target in case of an uptrend UpdateAs you can see, the price could not properly break the downward trend line and returned to the downward trend line again.
The pitchfork is drawn by the Auto Pitchfork indicator.
As long as the price cannot break its downward trend line correctly; The downward trend will remain.
MATICUSDT The first price target in case of an uptrendAs you can see, it is located at the lower edge of the fork, and if the downward trend line and the middle line of the fork are correctly broken, a buying position can be opened.
The specified price can be the first target of the upward movement.
Please pay attention to the word "correct failure".