A close above the white Center-Line projects higher prices to come. There are 2 scenarios I see: 1. pull-back to the white CL, then up. 2. cross above the petrol CL, further and fast continuation to the north. ...oh, there's 3rd scenario: 3. price is getting punched back below the white Center-Line again. If that comes true, price has another chance to go south,...
What's this? ..just a Pattern. ..a recurring pattern. ..a very similar, recurring pattern. So what is this post good for? Maybe just a heads-up? Or just that you can roast me to point out that BTC is stretched, and has a high chance of pulling back or even going South. However, be happy, not angry §8-)
Not because it's Bitcoin. But because it was pushed too fast too far. That's why BTC is stretched and has to come back to Balance. The yellow Fork, which is a shorter term view (weekly/daily) shows us the super stretch. It probably will take some weeks for BTC to fall back into the Fork. When it does, it's target is the white Center-Line.
From Sep. 2022, we see the bounces at the white Centerline. This created great support, until recently Sep. 03/24. The Base support is broken, and price failed to move up from the white Centerline. Well, if price is not going up, it probably goes down. Potential targets are indicated by the arrows.
See the support NQ had? Super nice how the the Medianlines and the A/R set reveals it. But now there is some trouble in the Kitchen. After reaching the white Center-Line, price is struggling to punch through the orange U-MLH. If price can't fight ti's way through this resistance, it will turn south - probably very sharp. To me, this is a cheap Short. If I'm...
In the weekly, price has tipped the green CL. The CL is a level where price is in balance, and from where it will move to a extreme. With enough enthusiasm, price will be able to cross above the green CL. If not, we travel back to the south. Arrows are potential profit targets.
...to lure you in to buying NOW. Do you really think the big investors are gonna buy at these levels? I doubt. First, they lure you in. Then they throw you over the Cliff and rob your bag of Bitcoin when price is tanking. Until I see a full bar outside of the U-MLH of the red downsloping Pitchfork, I'm not adding. But, when it comes down to the red...
I like a clean movement of price. Certainly this is the case in $DV. What I like the most is the behavior at the Accumulation Zone. In my Video I go over this in detail and explain how one could also play it with Options. If things go the wrong way, you could even morph it into a new Strategy. Reasons to buy: - Accumulation Zone held - Rising Volume / Doubled...
In my YT Video Analysis I talked about, how OJ is at the Apex and has a high chance to fall down to the Center-Line. On the daily chart (see the zoomed Screenshot), you see how price is struggling to get above the U-MLH. Great signs of weakness. But beware, OJ is super illiquid. This means that this market can get pushed in any direction, in any...
When you trade the Model of the Medianlines/Pitchforks, you know now that price of NVDA is at balance. Why? It's at the Center-Line. From here Chances for up or down are equal weighted Details? Well, price closed above the CL. This is bullish. Price usually pull back to it. Then it should continue to the other extreme, which is the...
Rule Nr. 1: Take it with a grain of Salt! ;-) OK, it's probably a Lotto Ticket. But IMO one with a monstrous chance of 80% if price trades within the Pitchfork. As we now, price has a 80% chance to reach the Center-Line. So, it's a Lotto Ticket with a good RIsk to Reward. Nothing more, nothing less. I'm in CHPT since over 1 year and got clapped. Ever since I...
That's brutal! This Stock seems to like some clapping. It bangs against the Lower Medianline Parallel like there is no tomorrow. Well, that's a good reason to short NYSE:PLTR : - trading outside the Fork - prior, and current resistance at the L-MLH - trades at the top of the resistance zone I go with a nice Risk-Reversal of 120 Days. Oh, please, can one wake...
MCD tanked impressively lately. I had no clue why. Then I checked the News, which I very rarely do. There was one article that made absolutely no sense to me: "Concerns about weight-loss drugs: There are some concerns that the growing popularity of weight-loss drugs, such as Ozempic and Wegovy, could take away demand from food companies like McDonald's." To...
Every time CROX closed above the range with high volume, a uptrend followed. Will it be the same this time? Fundamentally, they say, CROX is a steal. Indeed, if I check the numbers and ratings, it shows me that CROX seem to be a really solid Company. Although my prior analysis pointed to the Abyss, I now are more interested in a LT buy in CROX. Let's wait for...
This one is simple. Ripple has a high potential to crawl up to the Center-Line. It was very stable at the L-MLH. Now with the back wind of BTC, I can see the target at around 1.20 Peace4TheWorld!
The Red Pitchfork is a Pendulum-Fork. It grabs the biggest Swings and projects the most probable path of price, like in this chart. The Count starts at P0 and relies on the REAL Swings that I teach you guys & gals. Therefore the Bump from the green Support-Line is NOT a Up-Swing. It's just the center part of a Sine-Wave. Then P3 is created, breaking the Support...
It's a little bit overdue... The Green line is a pressure line. I expect a short-term drop. Also, see RSI. PC4TWld
Price even can not hold the Sliding-Parallel of the Center-Line. This tells me, that if it can't jump back above the CL next week, the next target is 4000. Happy Christmas §8-)