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!
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.
P5 target is reached, now comes the turn. Economy is in line with P5, and the Morons have done their work. Now it's time to to either wait to buy, or to take the whole ride to the downside. ...just reading Coffee-Ground. §8-) Stay well & be happy about the little miracles in live.
Erationality at it's best. However, markets do what they do and we follow. Target 4300ish.
Erationality at it's best. However, markets do what they do and we follow. Target 4300ish.
Ok, it's more of a joke. But hey, watch the chart. Is it really so out of the universe? What's it called? A BearFlag?...jeah...whatever. Trade what you see, have a good RR and live will be easier. #SuperSecretTechnicalBitCoinAnalysis
The count speaks for it self. However, P5 started a new count to the downside. The under- and overshoot where wonderful. Picture perfect I would say. But price traded back into the Fork again, not able to reach the Centerline. We (Medianline & Pitchforker) call this a HAGOPIAN. So, price should go back farther than from where it came (P5). But so far it...
Looks like a nice short for a intraday play. The Centerline is the partial target. The L-MLH is the final target. Let's gooooo §8-)
With the "cooked" CPI, let us examine the ES Chart. 1. The dotted yellow TL's show the OVERShoot and UNDERShoot, which are perfectly in line with the Medianlines. 2. Price was going up from the Zero to Five Count and broke the confirmed Pivot 4. This leads into a potential new start of the next Downtrend. 3. From the red 1, up to where we are now (2023/01/12),...
Here's where Santa will land. Happy Santa Rally §8-)
That's a bold call, isn't it? Here my analysis: - red CL hit 3 times and price got rejected - MACD kinda nice filter - Medianline rules in play: HAGOPIAN - overall economy is going down the toilet too - Gov's....not even worth a word Happy Santa Downhill, Hope You're Short Too §8-)
Let's see: This was the chart I posted this year: We reached the U-MLH. This is the stretch to the upside. How ever, it could go further towards the Moon. But usually, if price get rejected at the MLH's, we see the opposite move. In this case to the downside, to the Centerline. This is a great opportunity, the second time this year in the 10Y Bonds, which I...
Here comes the Wash & Rinse. I was posting that we will bounce at the Centerline. My timing was off for a couple days. But here it comes: The move today makes sense. First, we had news which where somehow not ultra bad. But the market flushed big, leaving a GAP in the intraday chart (See the screenshot and my tweet). They washed the stops to the downside, and...
The Crude train to the south stopped exactly at the monthly Centerline. I think this could pave the way for good opportunities to the upside. Stalking a potential trade in here.
Watch the Forks! The long term indication (Weekly) is clearly up. On the daily chart, price holds exactly at the Centerline/Medianline. If they can manage to hold this area, and build up a nice position, then I see high chances that price will rocket up even higher than the last High (3) Let's stalk this market and see if we can hop on the back of the Whales. P!
Insanity at it's best. These market manipulation we see today and the unbelievable cooked reports and stupidity by the FED is killing everything. The crowd will hold the bag because inflation will spike to the moon. Here comes the 10Y Bonds - Rolling everything into the ground. Good luck pumpers.
Hmmm....what shall I say? Studay the charts? There is no secret, no magic. It's just a tool that catches extremes and the center of a move. That's it. Call it mean-reversion. Call it Medianlines. Call it Pitchforks. In the end, the only thing that matters is to know how to use your tool. Master them. Learn to earn.
The pullback from yesterday did not last very long. The overnight market is pushing price down again. Currently the move has halted at the 50% range of the Up-Leg. The simple target will be the Centerline, further downside is open.