Pitchforks
the 2nd wave could be deeperbutterfly harmonic pattern:
X=$0.0467
A=$0.000032
AB=0.78 XA
BC=0.88 AB
0.38 BC=$0.00044
0.61 BC=$0.00144
0.61 XA=$0.00292
0.78 BC=$0.00337
0.88 BC=$0.00560
0.78 XA=$0.00988
0.88 XA=$0.02
1.13 XA=$0.12
1.6 BC=$0.227
1.27 XA=$0.336
1.41 XA=$0.916
2 BC=$1.57
1.6 XA=$4.14
2.24 BC=$5.3
When will Bitcoin Bottom?INDEX:BTCUSD
A very simple chart that I will be paying attention to over the next few months.
The last 4 BTC bottoms all tapped or briefly crossed under the 200 week simple moving average.
For this cycle, we can assume that the bottom has not yet been reached.
With rates rising and liquidity falling, I am expecting BTC to tap the 200 week moving average sometime this summer.
I plotted a potential target with a pitchfork and projected 200w MA, I'm expecting the bottom to be in the 20k - 25k range.
SANDUSDTHI guys
I'm here with a new analyze of The Sandbox coin
Is forming a compound correction and the place of it is Wave 4
The first section of corrective phase is a Zigzag and the second one is a Flat
Flat has 3 waves(a,b and c) that are shown in red in the box named Flat on chart
The wave C of Flat has made of 5 elliot waves that 3 of it has formed and we will have wave 4 and 5
At the end of the wave 5 we can open a long order
we can find the end of the correction(the wave 4) with pitchfork or fibonachi clusters
Long term oil still looks bullish with $200+ target by 2025USOil looks to be continuing up after test of the median line on the monthly pitchfork.
weekly view looks like several more weeks of consolidation to build base for next run up.
consolidation on the 100 tick renko
Once consolidation complete May/June, could see a run up to test the 2008 highs.
Bitcoin vs ResistanceBINANCE:BTCUSDT
Bitcoin is back at the top of the channel that it's been navigating through since Mid January.
Applying a Schiff Pitchfork , price is right under the resistance line.
The daily RSI is just crossing into overbought levels.
The 200d Moving Average is perched right above the current price level.
Lastly, a Bearish Gartley Pattern has formed right as price reaches a combination of overbought RSI , trendline , and pitchfork resistance.
The average price decline following a Bearish Gartley chart pattern is 14% in bull markets, 23% in bear markets.
While I tend to think Bitcoin is in a bear market, I know others may see it differently.
Both a 14% & 23% price decline take us to key support areas of the pitchfork . (14% - Median Line / 23% - Lower Support Line)
I notated both in this analysis.
AMC - The Next Moonshot? I stalk it.Beginning from the left, we see where price broke out, where many made and lost millions. From there on, price went down with huge up-swings in between.
What's that orange inside pitchfork?
This pitchfork gives us a kind of a Swing-Frequency.
What does this mean?
Well, it's nothing more then a measurement of this stocks swing volatility. Furthermore it combines time, by measure and projecting the slope.
As we see, the slope is slightly pointing upwards.
In short, these lines show where we have highly potential support & resistance..
And there is the yellow Channel, the boundary where price trades within.
The Stochastic shows, where we have a hint for a potential move to the upside. We can combine this with the overall analysis and with price action.
Lastly we have the red pressure-cooker line on the most right part of the chart. This pressure line indicates that price is really squeezed down, waiting for a pop through it.
To me, a potential trade could be a breakout through the pressure-cooker line. The problem here is, that for now, nothing indicates that it will happen soon. Even the indicator is not fully oversold yet, so it could break above it's signal line.
I'm waiting for a clear signal.
Just something, that makes me scratching my head or catches my eyes attention.
Observation Hat ON.
#amcquickie
the full chart of SHIBAcrab harmonic pattern:
X=$0.00097
A=$1e-8
AB=0.61 XA
BC=0.38 AB
0.78 BC=$0.0000065
0.88 BC=$0.0000085
0.61 XA=$0.000012
1.13 BC=$0.000017
1.27 BC=$0.000024
1.41 BC=$0.000035
1.6 BC=$0.000062
0.78 XA=$0.000083
2 BC=$0.00017
0.88 XA=$0.00026
2.24 BC=$0.00033
2.6 BC=$0.00094
1.13 XA=$0.0043
3.6 BC=$0.014
1.27 XA=$0.022
4.23 BC=$0.076
1.41 XA=$0.11
1.6 XA=$1.2
CL1! - How I approach my analysisA Trader asked me, if I could show how I approach my analysis. And this is what this Video is about.
At the end we even have a potential trade and definitely a chart to observe.
What you will see is:
- the big picture
- swings
- Andrews Pitchfork
- the sine-wave pattern
...and even the classic Head & Shoulder, which reveille where the meat is.
Let's start...
more slide gives higher targets!crab harmonic pattern:
X=$0.00164
A=$0.0000144
AB=0.38 XA
BC=0.88 AB
0.78 BC=$0.0000626
0.88 BC=$0.0000734
1.6 BC=$0.000235
0.61 XA=$0.000279
2 BC=$0.000433
0.78 XA=$0.000598
2.24 BC=$0.000635
0.88 XA=$0.00096
2.6 BC=$0.00116
1.13 XA=$0.00305
3.6 BC=$0.00570
1.41 XA=$0.0115
4.23 BC=$0.0152
1.6 BC=$0.0307
the full chart of STRL crab harmonic pattern:
X=$8.7e-5
A=$6.1e-7
AB=0.61 XA
BC=0.38 AB
0.78 BC=$1e-5
0.88 BC=$1.14e-5
0.61 XA=$1.31e-5
1.13 BC=$1.5e-5
1.6 BC=$2.7e-5
0.78 XA=$3e-5
2 BC=$4.2e-5
0.88 XA=$5e-5
2.24 BC=$5.6e-5
2.6 BC=$8.7e-5
1.13 XA=$1.65e-4
3.6 BC=$2.82e-4
1.27 XA=$3.35e-4
4.23 BC=$5.84e-4
1.41 XA=$6.63e-4
1.6 XA=$1.85e-3
Bitcoin Moving inside Pitchfork 53K End of may I have notice that Bitcoin moved inside two well define Pitchfork
One that started in July 2021 and finished in November 2021 when BTC reached 69K$
The second that brought the Btc from 69 KS to 34J$
Now seem that the 3rd Pitcfork is started and if correct we should see bitcoin in the area of 53K between May and June depending of how much strong is the trend to go over the resistance in the area 49K$
Form more info on Pitchfork indicator see the below quote from Investopedia and link for further information
Andrews' Pitchfork is a technical indicator that uses three parallel trend lines to identify possible levels of support and resistance as well as potential breakout and breakdown levels. It is created by placing three points at the end of previous trends and then drawing a line from the first point that runs through the midpoint of the other two points.
www.investopedia.com
As you can see from the chart above, this stock has found support near the bottom trendline twice over the past quarter, which makes positioning a stop loss just below this level a logical choice. If the security breaks above the resistance of the center line in this example, the target will then change to the top line and the center line will then become the new support. It is not uncommon for a trader to sell a security near the resistance of the center line and then see it break through and head higher. This is the main reason why other indicators should be used to confirm the reversal.
www.investopedia.com
ELROND in the beginning of the 2nd wavecrab harmonic pattern:
X=$635.5
A=$0.33
AB=0.61 XA
BC=0.38 AB
0.78 BC=$24
0.88 BC=$29
0.61 XA=$35
1.13 BC=$44
1.6 BC=$105.5
0.78 XA=$125.74
2 BC=$207.44
0.88 XA=$268
2.24 BC=$317
2.6 BC=$619
1.13 XA=$1700
3.6 BC=$3636
1.27 XA=$4980
4.23 BC=$10857
1.41 XA=$14158
1.6 XA=$68368
CL1! - Crude Oil To The CenterlineIt looks like my prior post is playing out.
In this dayli chart, we see that price got rejected from the white L-MLH. And now is trading back into the red Fork.
This means, chances are super high that Crude Oil will reach the red centerline. From there a bounce is possible.
#pitchforksaresomehowmagic
XRP 2022/2023 and 2028 price points at cycle topsI am using the Modified Schiff Pitchfork to show the longer-term possibility of the XRP price. We are counting on a cycle top end of 2022/2023 and another in 2028. Taking the 68k % increase back in late 2013 or early 2014 if we apply another similar % increase for the next cycle top we could see between $400 for 2022 and $1250 for 2028 (if 2028 is the next cycle top for crypto in general).