MATIC/USDT - Waiting game for $9 targetHello traders and investors,
Today we look at polygon matic / USDT pair with the usual critical eye.
Looking at the recent moves, I see that intermediate blue wave 3 reached the 3.618 Fibonacci target with a series of 1-2 1-2 1-2 extensions.
I believe that May 2021 pick was intermediate blue 3 rather than primary purple wave 3 because I compare the size of the red minor degree wave 2 and wave 4 (he look similar 35days correction and 37 days correction).
Therefore I assume that we are currently in the creation of intermediate blue wave 4 and it will take some time to complete (1.618 or 2) of wave 2, with a retracement that should bring us in the same region of wave 4 of one less degree. (Ahimé at $0.33).
If that is the case, I will once again fill my bag and wait for the explosive composition of intermediate wave 5 of primary 3 which is currently at 2.618.
I have no rush in buying now. Waiting for the market to play out, if minor wave A red is actually the end of the entire correction, it means that it took only 38.2% of the time of intermediate wave 2 and retrace only 23.6%. It's possible, but I will be waiting for the market to unfold in the next few days before considering an alternative.
What do you think? What's your target?
Pitchforks
The Dogecoin testing the Center LineThis zone could worth a check in case of a "bounce" reaction and if so I would watch the levels here
update from
Bitcoin weekly UPDATE2 Median Lines. The Green one shared for the firts time Wednesday, 13 May 2020, here that could be now offeing a dynamic support zone and the Red Median Line for a potential "first target" zone to check in case of test of the Center Line.
Update from
end of the 1st wave is nearcrab harmonic pattern:
X=$18
A=$938
AB=0.38 XA
BC=0.38 AB
0.78 BC=$235
0.88 BC=$222
1.6 BC=$146
2 BC=$118
2.24 BC=$103
2.6 BC=$83
3.6 BC=$47
0.78 XA=$42
4.23 BC=$33
0.88 XA=$28
1.13 XA=$11
6.85 BC=$7.4
1.27 XA=$6.3
1.41 XA=$3.6
1.6 XA=$1.6
Oil Futures (45) Long Gap ReversalPrice runs up out of a relative low, Buyers step up and try to make a new high and confirm the major reaction Leg. Sellers holding at the high and pullback into a major reaction, buyers step up to the consolidation at the centre of the impulse leg up and make a new high. Buyers try to step up, break outs get washed and pulls back to re-test the minor confirmed low. Price finds orders and begins to consolidate, sellers press price into the buyers, they try to hold and expand up into the press before getting rejected with a WRB gap down. Minor confirmed low gets washed, price expands into the relative major pullback and zooms back through the sellers to land on the backside of the WRB gap down.
Trading the major impulse leg back to balance. Push of the press up
XRPaaayyy & DCA all Day | XRPWhat has opposable thumbs and likes scalps? THIS GUY!
Seriously though, just gonna drop some hot spots on ya.
The up-fork has stolen the show so far but again, this is a game of composites and spreading risk across some kind of a Dollar Cost Average (DCA) strategy.
I like XRP for long and short term strategies. I keep a long cold bag from $0.20 that just doesn't get touched but I like scalping with a short bag and the outliers are where I set my sights.
Flash wicks in crypto are the most reliable mechanisms for profits so I spread myself across some broad swings while scalp tuning with a small stash in the middle.
As always, * * * Not Investment Advice * * * I never tell people how or what to trade, only what I would trade.
Stay frosty friends!
ES - S&P 500 move is not over yetYes, SP500 is down a lot.
Many indicators show oversold.
But what I see here is nothing more than a natural pullback, which seems to align with the Pitchforks 50% Parallel.
To me this could be a gift from the god to load up a little more. My target is still the Centerline. From there, we will see how the market behave.
#planyourtradeandtradeyourplan
COIN - Unusual Options Activity. More downside expected.Observing unusual Options activity is often a good indication on how big players are betting.
( The snippet here was taken from the YTuber Maverick Of Wallstreet. I watch his channel every single day. I learned so much from him, and everyone else can too - 100% free btw.)
Here we see large PUT buying volume for the 120 Strike.
However, you can't take this as the holy grail and bet your house and dog on it. As with anything else, it's just an Indication, a puzzle for the whole pitcure.
Hope this helps.
#careandshare
the most bullish chart in the worldcrab harmonic pattern:
X=$0.42
AB=0.61 XA
BC=0.38 AB
1.6 BC=$0.017
0.78 XA=$0.023
2 BC=$0.058
0.88 XA=$0.09
2.24 BC=$0.12
2.6 BC=$0.42
1.3 XA=$2.47
3.6 BC=$10
1.27 XA=$17
4.23 BC=$73
1.41 XA=$110
1.6 XA=$1849
Tether on the strong sell zonecrab harmonic pattern:
X=%4.15
A=%0.31
AB=0.61 XA
BC=0.38 AB
0.78 BC=%1.36
0.88 BC=%1.45
0.61 XA=%1.53
1.41 BC=%2
1.6 BC=%2.27
0.78 XA=%2.38
2 BC=%2.87
0.88 XA=%3.08
2.24 BC=%3.32
2.6 BC=%4.19
1.13 XA=%5.81
3.6 BC=%7.75
1.27 XA=%8.41
4.23 BC=%11.33
1.41 XA=%12.04
1.6 XA=%20.69
Long Silver to Year VWAPSimple chart, simple idea.
Looking at the mid term year seasonality since 1982, we may get a 4-5 day rally with the Euro as DXY looks to be in a major daily/weekly blowoff.
Ultimately the better time to buy precious metals again may be June and July.
Gold is forming a very similar blowoff pattern when compared to August 2020.
thorchain in the 2nd wavecrab harmonic pattern:
X=$45.2
A=$0.004
AB=0.38 XA
BC=0.38 AB
1.6 BC=$0.32
2 BC=$0.54
2.24 BC=$0.74
2.6 BC=$1.21
3.6 BC=$4.55
0.78 XA=$6.17
4.23 BC=$10.28
0.88 XA=$15.65
1.13 XA=$151
6.85 BC=$323
1.27 XA=$567
1.41 XA=$2047
1.6 XA=$14167
Eurusd shortSome idea on eurusd after pitchfork study. What do you thing for such practice? Does it oftenly work out,?
Bitcoin's Journey to $20,000BINANCE:BTCUSDT
Bitcoin to complete the arc and surf down the forks to $20K.
The last 4 BTC bottoms have all tapped the 200 week SMA.
Both median lines cross on July 21st in the 19-20k range. (2017 cycle top)
The intersection of two median lines is known as an "energy point".
Energy points attract price like a magnet.
The confluence of the 2017 cycle top with the 200w MA and intersecting median lines point to a potential bottom in BTC taking place in mid-July around this price level.
Let's see what happens.
Triple Fork Solana ShortKUCOIN:SOLUSDT
Triple Fork Solana Short.
Not going to write up a big explanation for this.
Forks pointing to the $69 price level. (Nice....)
Olympus needs the distribution phase in the middle of the A wavebutterfly harmonic pattern:
X=$91
AB=0.78 XA
BC=0.88 AB
0.78 4-5=$262
0.88 4-5=$212
0.78 X-3=$164
0.88 X-3=$125
1.13 X-3=$64
1.6 4-5=$45
1.27 X-3=$43
2 4-5=$20
1.6 X-3=$16.5
2.24 4-5=$12
XBT MACROgreen for bulls
purple for sideways growing market
black for a downtrend
...............
33.135 on the 13th of may may come
Short the CRWD FavoriteNASDAQ:CRWD
$CRWD - Crowdstrike's weekly chart appears to be completing a Head & Shoulders chart pattern.
The weekly candles have been rejected by the cloud, which is now resistance.
Although Crowdstrike has held up very well when compared to tech overall, it is still a high PE tech stock.
The current rising rate and QT environment will not favor this company.
Looking at the volume profile, it appears that meaningful support $130, $100, $60 price levels.
Based on the H&S pattern; I'm expecting price to drop to the 0.68 fib or $130 level (Target 1)
However, due to the depth of the H&S pattern, I believe a deeper fall to the next volume support near $100 is possible. (Target 2)
I hope to build a small short position on the next bounce.
I'll add more once I see confirmation of price below the neckline.
BTCUSD - Bitcoin test the CL and now down to the CLAfter the break of the white dashed CL, price came back to test it. Textbook like according to the rule-set.
Next target is
a) the L-MLH and then
b) the red CL
Would not be surprised if we see a Re-Test of the white CL.
Next...
IWM - Russel potential turn soon.The 0 - 5 count could be over in a couple days.
When price reaches the L-MLH, then we know that it's stretched extremely.
As a Pitchforker you know that these are the greatest opportunities to trade.
So let's observe it and maybe we find a good Risk-Reward entry.
dip of the dip!butterfly harmonic pattern:
X=$0.178
A=$0.032
AB=0.78 XA
BC=0.88 AB
0.78 BC=$0.096
0.88 BC=$0.108
0.78 XA=$0.123
0.88 XA=$0.146
1.13 XA=$0.222
1.6 BC=$0.255
1.27 BC=$0.282
1.41 XA=$0.356
2 BC=$0.4
1.6 XA=$0.5
2.24 BC=$0.53
John Wickcoin | Expect Engulfment on BTCThese bottom wicks are pretty consistent when it comes to engulfing price action. Expect that area to fill.
Lotta salty bulls right now and I hate to pour more salt but it is what it is.
* * * Not Investment Advice * * *
Pitchfork RallyLast time it hit the edge of the pitchfork it rallied to ATH from 40k, will it do the same this time?
