TradingView
Great_Reset_Investing
Jan 11, 2022 1:02 AM

The Emperor Has No Clothes Short

BITSTAMP:BTCUSD1W
Bitcoin / U.S. dollarBitstamp

Description

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Pay no attention to the giant head and shoulders on the weekly

thepatternsite.com/hst.html

Even if you do that, let geometry show you where price is heading

The action reaction technique devised by Dr Alan Andrews uses Newton's Third Law to derive a median line, which price action will return to 80% of the time (Greg Fisher later validated this).

With the variants of the Andrews fork available on tradingview we have 4 median lines to aim for

I have started with an Andrews fork and will cycle through the others

The emperor has no clothes

GRI 2022




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Schiff

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Modified Schiff

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Inside fork

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Composite

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Log view

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Whichever way you spin it- the emperor has no clothes

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NOT TRADING ADVICE

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if we summate all of this there is a circa 80% probability of circa 30k

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Trend Analysisactionreaction
Comments
drindrin
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How do you find the forks on tradingview? I tried unsuccessful under indicators with "Andrew´s forks", "Pitchforks", "Composite"...
Great_Reset_Investing
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@drindrin, pitchforks on third button down on the left toolbar, on my setup anyways. Right click on the fork to change the type.
drindrin
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@Great_Reset_Investing, Thanks!
jannedoeball
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18k
Great_Reset_Investing
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@jannedoeball, probs only level i'd buy alts at, so yeh
GoatOfWallStreet
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It all boils down to CPI talk tomorrow. I expect irrational response regardless of the actual numbers, as the SHF will ride the weak hands down and like always the big guy wins.
GoatOfWallStreet
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I personally think of a 34k~36k bottom...but who TF I am to say it :)
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