Pitchforks

Pitchforks are used as part of a popular analysis and trading technique. In essence, there are 3 key elements to it: 2 outside parallel lines that provide support and resistance and a median line in between them. To use a pitchfork correctly, identify 3 points that are consecutive highs and lows, where the first point represents the start of a trend. The median line connects the first point to the midpoint of the other 2. Additional lines can be added at a set number of standard deviations from the median, forming parallel trend channels.

Pitchforks can be used to identify buying and selling opportunities at those lines (for trading bounces or breaks), depending on the specific rules of entry and exit a trader may have. Conservative traders will look for additional confirmation. Apart from Andrew's Pitchfork there are variations like the Schiff Pitchfork, the Modified Schiff pitchfork and the Inside Pitchfork. TradingView has smart drawing tools for all of these techniques and there is a popular chat where users share pitchfork-based ideas.
RaneemAbbouchi RaneemAbbouchi LTCBTC, 30, Long ,
LTCBTC: Litecoin Bull Run Take 2
1120 1 4
LTCBTC, 30 Long
Litecoin Bull Run Take 2

If Litecoin can hold above Fib retracement levels and stick to its current trend inside the pitchfork we could see another big bull run. With all the ETH and BTC FUD happening lately this could be a great entry before a possible moon mission.

hanzeholdinworth hanzeholdinworth ETHBTC, D, Long ,
ETHBTC: ETH: SPIRALING UP TO METROPOLIS
145 3 10
ETHBTC, D Long
ETH: SPIRALING UP TO METROPOLIS

A huge storm is brewing here. Going to push some buttons and open some of those blocked channels, clear some dark matter hopefully as painlessly as possible. But lets be honest: nothing good comes without pain. Get your hand of choice on that fib tool. Look at ETH on the daily. Drop it down on DAO hack back last year and line it up with the hardfork that ...

tradedevil tradedevil PRO ETHUSDT, 120, Long ,
ETHUSDT: 2-eewww...
146 1 7
ETHUSDT, 120 Long
2-eewww...

Well, that's no longer a wave-2. Two stops in a row hit for me on what looked like such a promising trade. Hey, reminder to self and all... there's no easy money in trading. Take the hit, live to trade another day and look for the next trade. We can read this... Yea, I'm sorry the channel didn't hold. It was gorgeous. But we've got a nice big fat A-B-C that ...

ibitcointrade ibitcointrade XRPBTC, 120, Long ,
XRPBTC: XRP Three drives
162 1 3
XRPBTC, 120 Long
XRP Three drives

The pitchfork currently shows xrp is slightly underbought. 2 of the three drives have already formed and I fully expect the third to play out as well. When the third drive occurs seriously consider an exit. Btw, not the best chart, sorry I was in a hurry.

AmazinRaisin AmazinRaisin BELABTC, 120, Long ,
BELABTC: Dark Gravity Wave Belacoin Pump
179 0 6
BELABTC, 120 Long
Dark Gravity Wave Belacoin Pump

Belacoin is going to be implementing the most significant upgrade to it's source code in its 3.5 year history called Dark Gravity Wave. You can see on belacoins twitter more information on the fork. The Dark Gravity Wave will make transaction significantly faster and fix mining problems. It is similar to Segwit. If all goes well there should be a pump coming I ...

RaneemAbbouchi RaneemAbbouchi SCBTC, 60,
SCBTC: Don't panic... yet
332 4 6
SCBTC, 60
Don't panic... yet

Two big dumps in one night, we are clearly swimming in whale shark infested waters. However, even with hundred of millions dumped within minutes, SIA remains within pitchfork range... for now. The support is too real.

partyfaker partyfaker SCBTC, 240, Long ,
SCBTC: Siacoin PitchFork
287 0 7
SCBTC, 240 Long
Siacoin PitchFork

Siacoin

MonocoleDundee MonocoleDundee LTCBTC, D, Long ,
LTCBTC: Mysterious MIT Litecoin Project: Coblee is Satoshi Nakamoto?
11834 26 23
LTCBTC, D Long
Mysterious MIT Litecoin Project: Coblee is Satoshi Nakamoto?

A mysterious Litecoin project and countdown was launched today on MIT's official website: http://litecoin.mit.edu/ This has lead to many speculations regarding the project. However, I like extreme thoughts, so I want to speculate about something else: could Coblee, aka Charlie Lee, the creator of Litecoin, be Satoshi Nakamoto himself? Lets take the following ...

eaglestar eaglestar ES1!, 60,
ES1!: SandP 500 E-Mini Futures 60 CME Updated 6/23/2017
13 0 2
ES1!, 60
SandP 500 E-Mini Futures 60 CME Updated 6/23/2017

We are slowly coming down along the path of the downward pink fork on this time frame. Look to see if we have any movements showing resistance or support on this fork. Price is in a consolidation between 2451 and 2417.

eaglestar eaglestar ES1!, D,
ES1!: SandP 500 E-Mini Futures D CME Updated 6/23/2017
5 0 2
ES1!, D
SandP 500 E-Mini Futures D CME Updated 6/23/2017

Price is still stuck on the sliding parallel as support. Look to see if we can continue up or if we will drift down towards 2400 area.

eaglestar eaglestar ES1!, 240,
ES1!: SandP 500 E-Mini Futures 240 CME Updated 6/23/2017
7 0 2
ES1!, 240
SandP 500 E-Mini Futures 240 CME Updated 6/23/2017

Price is still consolidating in this area, not really soure what to do. Look for a break either way above 2440 or below 2426.

IvanLabrie IvanLabrie PRO BTCUSD, D, Long ,
BTCUSD: BTCUSD: Update
1835 4 37
BTCUSD, D Long
BTCUSD: Update

I think we will see a sideways range in $BTCUSD, as anticipated in my last publication. Having bought a position very close to the recent correction bottom, I can comfortably wait it out until the weekly trends are ready to rally again. The timing for this event interestingly approaches August 1st, so, it makes me think the market will grind sideways for ...

Jorji Jorji REPETH, 60, Long ,
REPETH: Augur/Ethereum Long
32 0 4
REPETH, 60 Long
Augur/Ethereum Long

Entered KRAKEN:REPETH @ .0948 Should continue going up as long as its within the pitchfork I honestly don't plan on exiting till either a major drop, or Augur releases

Jorji Jorji REPETH, 60, Long ,
REPETH: Augur Long Entrance
17 0 4
REPETH, 60 Long
Augur Long Entrance

Entered KRAKEN:REPETH @.0948 Should continue going up as long as it stays within the Pitchforks influence

Nickonomics Nickonomics ETHUSD, 60,
ETHUSD: Ethereum (ETHUSD): Intraday Levels Update
1498 3 24
ETHUSD, 60
Ethereum (ETHUSD): Intraday Levels Update

Not much action in this market since my previous idea release: https://www.tradingview.com/chart/ETHUSD/6dAqjln3-Ethereum-ETHUSD-A-Bullish-Case-For-Ether/ The market structure remains buillish. This chart details intraday levels. Use the pitchfork as the current price channel. Once price breaks it, expect more bullishness. More updates are due.

sniperz sniperz BELABTC, D, Long ,
BELABTC: Bela - Price Projection - So Long Bela , So Long !!
433 0 9
BELABTC, D Long
Bela - Price Projection - So Long Bela , So Long !!

Belacoin has been dormant ever since its last rise in April. SO here's some price projection for Belacoin lovers Its been in a long term uptrend. Following the blue trend line. Its a strong support trend line. Hasn't broken it since feb 2017 except for occasional wicks After each peak, it accumulates for variable periods and make a new higher low and new higher ...

iCrushDreams iCrushDreams SCBTC, 120, Long ,
SCBTC: Siacoin - Third pump?
835 1 12
SCBTC, 120 Long
Siacoin - Third pump?

Siacoin has been in a pitchfork (log scale) since the first pump starting on May 18. It has formed two pennants since then and the first one broke out very similarly to the initial pump. I'm watching SC closely to see if the pattern will repeat for a third pump. Entry - 550-650 Target - 750 Good luck!

Dalin_anderson Dalin_anderson PRO XRPBTC, 15, Long ,
XRPBTC: XRP bullish breakout into pitchfork
4524 31 39
XRPBTC, 15 Long
XRP bullish breakout into pitchfork

I see VOL picking up and trend reversal RSI symmetry :) Long here Target is still new ATH :)

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