Dropping this idea for a good TV buddy here who was about to shart it. I have no fundamentals atm, just pure TA and hopefully it plays out well for you. Key Features : 1. Reverse Fib from High 2. 50/200 EMA's heading for convergence / cross over above 3. Pitchfork (theoretical) looking like it wants to fill the upper channel 4. Volume Profile looks a bit...
No fundamentals at all, just a look back to 2020 and where we might be headed near term. I know the PPT will do what it does but I'm eyeballin' the convergence of some really low hanging fruit metrics - EMA - Fib eyeball retrace from long term lows - fork action long term - long term Cup & Handle post breakout Just DCA my dudes and avoid an "all-in" on this...
There is the market observation that the BTC price has already bottomed out. True, the solid rebound for around 21500 was reminiscent of the start of a new uptrend. If we are already in at least a short-term one, as the bulls would believe, expecting a retracement back to 0.618 (35712), 0.786 (41214), or even 0.886 (44489) level first is convincing. Here,...
One of the models that can be used to explain the long-term trend of Bitcoin is the Pitchfork channel. Bitcoin has broken down the trend line in the middle of the channel and is now below it for a retest. Its break-up will be a positive sign of the certainty of the beginning of the uptrend.
Gold. 1920 +/- is the “terminus” of many gold rusher on going paths. The “centre of” energy before central bank “unloading” “tons of gold” to hedge funds before “traveling” to next stations ( > 2000)..
Bitcoin has overcome many resistances in front of it and now it has reached the last stage. The last important resistance is ahead. Pitchfork resistance. A break of this important resistance could be the end of Bitcoin's downtrend. Of course, it should also be added that the strong upward trend of Bitcoin was surprising to me when other financial markets,...
Welcome XRP friends! Wondering where we're going? Here are some things to consider : As we come out of our US Thanksgiving Day food comas, we're looking at some decent gains on the most recent run BUT, you're asking if this is it? Honestly, I think it still has legs for the 0.45 area where we find resistance at the 200 EMA Look at the fork and see if it makes...
the tata steel long term breakout due to expansion of steel industry tata steel will movement upside
BINANCE:XMRUSDT I just went long at $158.50. Looking to take profit between $180 - $185. Fat_Fat
NYSE:DHR Danaher Head & Shoulders dropping off the upper parallel. Drop to the Median Line between $220-$230. Fat_Fat
Using pitchforks to determine golds support and resistance.
FOREXCOM:XAUUSD OANDA:XAUUSD Gold analytical series, Episode 03 Hello Traders, First take a look at my previous episodes. Don't forget to risk-free your positions. Please share ideas and leave a comment, Let me know what's your idea. CrazyS✌
FOREXCOM:XAUUSD OANDA:XAUUSD Gold analytical series, Episode 02 Hello Traders, First take a look at my previous episode. Don't forget to risk-free your positions. Please share ideas and leave a comment, Let me know what's your idea. CrazyS✌
Gold has broken out and the target is 1900 If it breaks up out of that level it means the dollar is screwed and interest rates have topped out GRI 2023 Geometric Charting
Pitchforks are a very popular TA tool and easy to use. However the fundamentals are often glossed over. For example, many beginners and vets don't know that it is based on Normal Distribution which has 3 Sigma Limits . This is commonly referred to as a "Bell Curve" . It's a natural rule of thumb used in Statistics and Probability Theory, for all manner of...
NYMEX:PL1! Platinum is breaking out. Target 1 = $1248 Target 2 = $1419 The flagpole added to the breakout level projects to the 1.618 Fibonacci Extension aka Target 2. Fat_Fat
Let’s have a look at the BTC/USD 1 week chart and see what this chart and indicators are telling us. BTC is still in a massive Falling Wedge Pattern. BTC is also still in a massive Ichimoku Y-Wave pattern. Note that the 50MA is still traveling DOWNWARDS towards the 200MA so we still might see a Death Cross on this 1 week timeframe. At the moment of typing...