Tr8dingN3rd

Tr8dingN3rd Updated 

COIN is running hot. The ride so far is phenomenal, but also way too quick for my liking. This can be seen on the RSI, which is super hot right now. A nice Long-Confirmation is the fact that Volume on the weekly chart did increase nicely. The red resistance got peeked twice now. It's exactly where price broke down last time and traders where puking their...

Tr8dingN3rd

The orange Fork is a "Pullback Fork". I wanted to know how far price will pull back. The orange Center line gives a clue. And so price came down to the CL. But not only to the CL, it even pierced it, and washed out the stops, after creating little Base (green). This behavior left a huge HAGOPIAN that forecasted a move to the upside, beyond the point from where...

Tr8dingN3rd Updated 

NQ had a phenomenal run-up since yesterday. It was hard to find any sign of weakness. In the 15 min. TF I found the correct Fork to apply that gives me any usable information about price. 1. The Shiff-Fork projects price to the upside, but also expose the fact that price fell out of the projection below the L-MLH. 2. Price stopped at the HVN. Or better, the...

Tr8dingN3rd

As we see, price is sitting right at the CL. But what does this even mean, if price is at the Center line? It is, that price has found it's balance. Anything can happen from here. Chances for Long or Short are 50% in general. Any other hints from the Chart? Yes! Price jumped above the CL. Then it bounced back two times. In between jump 1 and 2, price got hit...

Tr8dingN3rd

The Orange down sloping Fork did it's job very good so far. Even the (yellow) sliding parallels gave us good information how wide the shift is. And we even got some confirmation from the divergence Now VTRS is nagging at the U-MLH. Also nice to see how this stock is stair stepping towards the Center line (orange lines). Is it too late to jump in? In my trading...

Tr8dingN3rd

In the weekly Chart I expected BTCUSD to climb. The reason was that the most probable path of price was to the upside. But in the Daily TF, the L-MLH (White) is broken. And the Red down-Forks Centerline is also cracked. According to the rules of the Medianlines/Pitchfork it's a sign that price will trade down to the L-MLH. Any potential buy zones? Yes! If...

Tr8dingN3rd

The Medianline/Pitchfork Tool provides a high probability (~80%) to reach the Centerline from any parallel line. That means, if you can figure out how to buy as low as possible, or short as high as possible, your trade works out ~80% of time. Why would one not use this edge? Ask me questions, I'l answer.

Tr8dingN3rd Updated 

A follower asked to chart JD.com And since it's Sunday and I'm sipping my fresh brewed coffee from my "La Pavoni" Espresso Machine, I have time to help out a buddy in the Trading Space. Here we go: The Monthly (Daily will follow below) Chart is nice and orderly. It has a good Base. And we also see where the last bunch of buyers where from 2019 to 2020. JD had...

Tr8dingN3rd

Nature is beautiful. It's always balancing the underlying energy. That's what we see here. Wheat spurted down too fast. The down-swing can be put in context by the Medianlines. Here, price has reached it's balance again at the CL. What's next? I bet for sideways to short action, until we crack the orange CIB line. Stalking Hat on...

Tr8dingN3rd

Yes, NVDA is stretched. Price got so pumped with all the AI (fake?) news that it looks now like a Pump & Dump pattern. However, it's not a reason to play Lotto. We better wait for facts. What are the actual facts in the eyes of a TA? a) Pendulum Swings give context b) the daily chart reveals where price has a high potential to turn sour. It's when price is...

Tr8dingN3rd Updated 

So, here comes a little lessen, that could have a huge impact on your Trading. Many of you know that in my arsenal of tools I use the Medianline/Pitchfork tool very often. It's my best tool to project the path of price, find extremes and centers in the markets. One day, I was stepping back in the world of Action/Reaction and started to research on the wisdom of...

Tr8dingN3rd

Sounds dramatic, I know. :-) We see where price got rejected near the Centerline (white). We see that price broke the little (blue) shelf which inflects with the orange Centerline. So, orange Centerline is broken too. According to the rules of the Medianlines, we can expect a pullback to it. And it would be a little Gift to enter Short, or load up the...

Tr8dingN3rd

The green zone is long term support. The Pitchfork projects path of price, on a Pendulum Swing basis. The sliding parallel (white) marks the overshoot and projected support. As we see, the steep down sloping yellow dotted resistance line was broken 5 weeks ago. But that's no reason to rush in. Why not wait for more facts? Do we have facts now? Yes, we have....

Tr8dingN3rd

I've been often asked, how I choose the A/B/C Points when I apply a Pitchfork. Just use context and learn the Swing rules. Then you cannot go wrong, and you will get the correct information from the market when you throw a Pitchfork on the Chart. Be open minded, but don't force your meaning to the market. The market is doing what he wants. So, we look for a...

Tr8dingN3rd Updated 

We see the long base. It looks like accumulation to me. The Pitchforks L-MLH shows good support in the angle price is flowing. Now that price climbed above the 200 D. MA, it's even more worth putting HOOD on the watch list, or even start to buying in. In such situations, where it looks good, but no clear indication by my strategy fires, I reverse pyramid my...

Tr8dingN3rd

Hey traders! Today, I want to share my analysis on why I believe shorting NVDA could be a compelling opportunity. 1. Price at Upper Extreme: NVDA's price is currently at an upper extreme, indicated by the U-MLH of the Pitchfork. This suggests a potential reversal or correction. 2. Overhyped by AI News: NVDA may be overhyped by AI-related news, leading to...

Tr8dingN3rd

So, here it comes down. Target & potential support is the Lower Medianline Parallel. Tinfoil: The economy is crashing soon. On that day, everybody and his Pets fleeing into Crypto §8-) Trade small, trade save and use Stops!

Tr8dingN3rd

The quick rise of BTC evokes the Short Ghost from the Chart ;-) Stoch is also overdue. I wait for a pullback and take it long if setup shows up.