A fall knocking at the doorBTC is testing the low of the Schiff Pitchfork as of right now and if it succeeds in not breaking below the line, it will go up to at least the first green dotted line.
Pitchforktrading
Follow the eye - detailsIn the chart there are 2 Median Lines, 1 Fan (Dr . Alan H. Andrews style) a trendline - and... a smiling dog 'cause it's Fun!
Now the Median Line per 1.2.3. been shared for the first time here
The Upper Parallel Median line test is where the Blu arrow is and it shows a dynamic resistance level that worked pretty well.
Here is another update of the same pattern:
Right now prices are close to the 50% lower inside Parallel Median Line, first small green arrow in the chart. The 2 green arrows show 2 potentially relevant support zones.
The second Median Line is the one per 1'.2.3. The prices tested the Center Line of this pattern (orange arrow). The second test been where the blu arrow is, and it's the 50% upside parallel of this Median Line (resistance).
This Median line been shared for the first time here:
and then here:
but the most important been this one
Considered the efficacy of these 2 Median Lines in the past we may have high probability to see these patterns working as good dynamic levels to check even in the future.
The dynamic trendline offered extremely relevant Res. zone that been tested multiple times and may worth a check in the future. The first time we pointed out the potential efficacy of that trendline been here:
The Fan using the Dr Alan H. Andrews settings could be used as dynamic support and resistance to check and the crosses of the fan with the trendlines generated form the Median Lines are called "energy points" and could be checked as price magnet levels as well as resistance or support and trend chaange detectors.
Maybe U can use the levels in this chart to track the future price fluctuations.
Hope you enjoy!
(Too much hurry from me yesterday, have to say sorry to Nico the moderator.)
Follow the eye @elonmusk @BillyM2kPrices going up and down: it's called "price fluctuation" and use to be driven by financial speculation. Prices and rates change as supply or demand changes. If something is in demand and supply begins to shrink, prices will rise. If supply increases beyond current demand, prices will fall. If supply is relatively stable, prices can fluctuate higher and lower as demand increases or decreases.
In the chart there are 2 Median Lines and 1 Fan - Dr. Alan H. Andrwes style - and... a smiling dog!
Maybe U can use the levels in this chart to track the future price fluctuations.
Enjoy!
This chart Update of
and
Intel (INTC) ... A Confluence of Positive PatternsA suggestion for those looking to establish a long INTC position.
1) Intel has traced out a bullish Butterfly pattern going back to November of 2020.
2) Price action has taken it to a Pitchfork bottom.
3) Within this is a Bullish Black Swan Harmonic.
4) My momentum indicator suggests near price exhaustion to the down side
No guarantees of success but I am looking to establish a long position.
I need a sign of a clear reversal both in the broader markets and for INTC.
A breach of $39.19 will probably be my INTC price entry trigger.
Upside price targets are indicated.
Not investment advice do your own due diligence and pay attention to the broader markets and interest rate trends.
Good Luck
S.
AVGO 481Timeframe: Multi-month swing
Last week AVGO retested and rejected the weekly 10MA yet again and sold off rather quickly. I'm targeting price to eventually make it to 481 over the next month or two. For the last 3 weeks we have yet to get above the golden zone around 594-598. We have also yet to close above the weekly 10MA for 10 weeks.
How to play this?
• I'll be looking for price to cross 539.72 to signal that AVGO would like to go lower in the coming weeks. If price never crosses below that level this week then we can play the upside.
• Once the trigger hits I would be getting in to take it to 531.
Trigger (539.72) then reversal plan:
• I would look for a bearish reversal pattern on the daily around 558 and 562 to take it short.
Things to look out for:
• Be aware that price can cross 539 this week, reverse to 558, and then reverse again the following week.
• Short term I could see some upside retracement to 558-562 to retest last week's price area. There is very strong supply at this level as it is the bottom of the VWAP (from April 2022). This means a lot of folks are holding the bag and they might be anxious to get out at that level.
Short Invalidation/Bullish:
Short invalidation area is at 576.27. At that point I would take it up to 583, 594 then 598 (golden fibs).
pitchfork tracement what do you think of this tracement, I am open to any suggestions to improve my tracing. thank you
gbpchf - shortgbpchf - short, 1h, upper median line+ resistance. short till the med median line.
gbpchf - short, 1h, upper median line+ resistance. short till the med median line.
audjpy audjpy prediction.
The price seems to test the median line and go up to the sliding paralleled line in the future.
AUDJPY-1Week
audusd- longaudusd long,
median line support+ triangle pattern.
swing long(possibly).
audusd- long, buy
SANDUSDTWOW!
sandusdt/D1
GREAT reaction on pitchfork where I was shown that there must be the end of the wave 5 .
this wave 5 is the end of the wave c of flat pattern.
the last analyze of sandusdt is on my profile you can see it ]:
BTC TradingFriends, this is bitcoin analysis based on pitchfork
Bitcoin came out of its purple upward pitchfork, hitting the first resistance line in the middle of the blue pitchfork
If it crosses this resistance, it will have two resistors , 200-day weekly moving at 25300 and the middle line of dark descending pichfork at approximately 22600 to 23000, which may be the end of the descending C wave, but if it wants to drop more, the lower lines of the descending pitchfork with Black color is our resistance
Now, in order to return to the uptrend, Bitcoin must first return to the purple pitchfork and then exit the descending black pitchfork. BINANCE:BTCUSDT COINBASE:BTCUSDT
BTCUSDTThe price has exactly turned back from pitchfork point (almost 40.5), as well as the uptrend green pitchfork lowest line. Looks like we lose blue pitchfork's main line and strong support .
This means we haven't reached a point of upward movement yet. As far as I know, that's not good🤨.
next stop is second line of blue pitchfork .
The red line is my expectation.
Markets are affected by many elements, so do not rely solely on technical analysis; technical analysis is only 48%
BtcusdtBTC Will go up just in a few days! I drew 3 black lines like Chanel and 2 pitchforks upward and downward all these 3 tell me we are almost end of the downward move! Maybe😉
DXY also giving me a new signal 😁
"Accurate Channel for Nifty50"This Analysis is not a trade recommendation, this study is purely for education purpose only, Do your own Study and Research before getting into any trades.
It worked for me....
CakeUSDTIf you are a holder or trader of Cake I should tell you we are at an important point.
after months of the downward market; a month ago cake created a new upward channel I drew it in blue and also passed a strong Purple resistance line, in the last few days fighting with a middle line of the pichfork! I believe that is fighting for a greater uptrend move or going back to near 6 and 7 dollar
LUNA - Short Setup PossibilityLuna has broke through the frok it's been rolling inside, this is a change of behaviour, the better part is that it's clearly pullbacked to it, this is one other fork rule that if a line is valid and is broken, then it should pull-back to it and there you go we have it.
Now we are stuck in an Energy Coil which seems to be forming, i expect a peak to the upside to the energy point to fill the upper short orders to at least the last swing low which is 98.595 and then come back to the fork, if this happens we can then wait for a retest of ML and get short to the Lower paralel, if that didn't happen and we broke though the coil from down-side and then if we had a reasonable market structure to put our stop, then we can get short along the way to the MLH.
I hope this helps you
Ask me any questions if you have any
BTC - What Now?Currently there are only 2 forks in play, the smaller one which captured the price and seems to have the right frequency as of now and the bigger blue one which done the same too except the blue one has already proven it's validity 2 times which makes it powerful.
Currently what we expect is that the price reaches it's median line with 80% of probability which is not a low change which makes me think that beside all the good news and bull stuff about btc this seems a little odd as a technical view, so i still don't have confidence about this and this gets verified only if the 40473.5 level gets broken ( something like the last line of defense ) then from a time perspective we can say the energy point is created at 20th April which is probably the place where the price is headed which is around 36900~37000 ish
and that's a dip if you ask me + we have a demand zone down there too ( actually demand zones works once only so don't really relay on that one if you ask me ) i'll be watching the price to see what happens
hope this gave you an overview of what is happening
Thanks for your time
AVAX - Long IdeaAs some legendary trader says: "as above, so below .." this is exactly what happened here so, this gives up an amazing long opportunity we still not sure if this is gonna work or not but our R:R is 10 so no worries
DO NOT OVER LEVERAGE THIS AND DO YOUR OWN RESEARECH BEFORE ENTERING ANY SIGNAL OR USING ANY IDEA THIS IS JUST A TRADE IDEA
Thanks for your attention
OTHERS - SLOW BLEED OR CONSOLIDATION?OTHERS needs to bounce here and otherwise next level on the trend line. Possible that this was a hopium bounce and we turn into a downtrend again.
BTC - What's btc doing now?The top that we marked actually worked and reversed the price okay what now?
Short answer not so clear, but there are few ideas around it:
as you can see the frequency seems to have changed to the pink fork which is a short term and one of my favorite types of forks, but this kinds of fork are not so valid not until we see the Median line so no trades here but we can have a good indication of where might be heading the first 2 guesses are those energy points that i marked but when? only if we get below 41700.
There is a failure strategy of pink fork which should be confirmed, how? when the fork retraces to a fib level the size of the fork it self, it should bounce of it and never get to median line, only then the price can travel upto 1.272 / 1.618 of fib extentions, this retracement usually happens at 0.618 which is a close one to 41700.
long story short if we keep breaking lows (which is what's happening right now which the low seems to have been broken), as pitchfork probability says, we can goto Median line low with 80% probability and it's the best DIP that can happen, why? since the fork voilated the median line and broke through it, the chances that the price can bounce of the Lower paralel line are so high so have that in mind if that happened.
I'll update ya soon if something catches my eye
Good day to you all!
✅Bitcoin – I am going to open LONG Hello my friends, today I want to talk with you about BTCUSDT chart
At this moment price already trades above of support line after tested
I think price will go up to the sliding parallel resistance
for now the scenario seems more logical.
So be ready for such scenario.
lets see
Enjoy the market
This is an article, not financial advice, always do your own research.
If you have any questions, you can write it in comments below, and I will answer them.
And please don't forget to support this idea with your like and comment, thank you
UPSIDE EUR/USDPrice has not reached the bottom line parallel. There is a very high Probability that price will make back to the median line. Good Luck.
