1.) Daily Chart 2.) Head Shoulders Pattern 3.) Schiff Pitchfork median line trend line intersections, all cycles and targets have been previously met. 4.) If Head shoulders pattern breaks the neckline, we are rapidly declining to 29k to 180 degree cycle from previous datelines (red vertical lines) 5.) The only pattern that can save the drop is the...
I have added a Schiff Pitchfork Pattern (A,B,C) to this 1d timeframe. As you can clearly see, BTC tested the Schiff Pitchfork Median Line 7x as support and then that support failed on the 8th time and BTC has closed well below its Schiff Pitchfork Median Line. At the moment, BTC has found some support from its support area highlighted with White Dotted Lines...
SHIB has been in a waterfall to the downside since 27 Oct, losing about -67% of its value - a very typical correction in crypto land. Understandably, many will short the current breakout, but is it the right decision? Elliott: It is difficult to get a clean count, but we are able to interpret it as an abc correction with 5 sub-waves in wave c (in green). Shib has...
So the head and shoulder pattern failed to push the price any further but a new up-trending fork is formed which perfectly aligns with the bigger down-trending schiff fork and the trend line which creates a point of energy that could attract the price, this is what i am expecting the price to do, if we got a divergence at top of expecting head and shoulder pattern...
There is no bias for the token but there are conditions that could be the journey to the hell we have a broken Schiff level that has been pull backed to it (according to schiff fork stuff the line that is broken must be pulled back) but orders on a line could not last for ever and will weaken the line so that's one way to think of a bull market ahead we also have...
Check the nice Schiff channel on this one. Great platform/app, great interests, great credit line. I dont think this one will fail long term tbh. Its seems to be acumulating now. Hopefully, preparing for higher flights.
Note that VeChain (VET) is still in a longterm uptrend. Using the Ichimoku Cloud settings of 20,60,120,30, but note I’m only using the cloud portion, we can clearly see that VET is still in the Bullish Zone of the Ichimoku Cloud. VET is BELOW is Bollinger Bands Middle Band Basis 20 period SMA. Note that the Upper and Lower Bollinger Bands are starting to...
Let’s have a look at the BTC 1d chart using the Ichimoku Cloud system with the 20,60,120,30 settings. Note that BTC is still in the Bullish Zone of the Ichimoku Cloud System. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid point of the short-term momentum is sideways at the moment. The Ichimoku Cloud Base Line (Kijun Sen) is...
When the price touches the orange support line, we will likely have a bullish reversal. If the forecast is confirmed, there may be an increase of 100% and later of 400%.
Correction phase seems to be over, a major resistant is broken and the asset it rejected at the next resistant BUT a nice pull back has been detected toward the broken resistant, divergence is detected which is not a good sign + double TOP anyways i'm looking BULL
Pitchforks create a type of trend channel. The trend is considered active as long as the price stays within the channel. Reversals occur when price breaks out of the channel. There is a center median line ( trend line ), as well as sets of lines above and below that median line. The additional lines are set a specified number of standard deviations away from the...
As you can see, the fork indicating last 1 move is broken and the current valid one is a schiff fork which is used to estimate possible S/R levels on the corrective move, the move seems to have extended so as i could say we need a complete ABC before a new bearsh move could go, i might be wrong and the price follows the long term previous trend-line that is drawn...
SNX complete its journey to the hell now it’s time to rise
I mainly trade crypto but after having seen some parity with Bitcoin and SPX, I figured I'd drop this and see what comes back up. Would love to hear feedback on it but my general sentiments are that this thing looks toppy as H E Double Hockeystick!! I recently saw that margin debt is at an all time high, stocks as a % of household financial assets is also at an...
Daily Graph NVT (Network Value to Transaction) indicator This indicator describes the relationship between volume of transfers and market capitalization. It is also described as the price/earnings ratio of cryptocurrencies. The calculation is done by dividing the network value by the daily volume. At the moment, we can verify an indefinite moment. A good...
BTC 4hr update: BTC is above its Bollinger Bands Middle Band Basis 20 Period SMA. BTC is above its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range. BTC is above its Volume Profile Fixed Range VPFR Point of Control (POC) for the fixed range i have selected. Volume is relatively Low for this 4hr Volume Bar & the Volume Bar...
Some people are talking about an inverted cup and handle starting in Jan. Or a mega head shoulders. Perhaps too big in time bars. Anyways, down trend is pretty clear. Only time will tell if we get out of this. I think there will always be some hope till we hold 30k no more. Good luck.