"Trust me bro, I've made bongs with less" ~William Baldwin | Half Baked (since nobody got the last reference) We're using the pitchfork in a slightly inordinate way but sometimes, you have to look at channel conformity and if it sticks, go with it. After all, you can drive a nail with a wrench if the last guy forgets to put the hammer back in the box ;) Not...
I see this as a confirmed pitchfork. The H4 and D RSI look promising and on the lower time frames it looks like its rejecting the resistance zone. I have a tight stop loss just in case though.
The EURUSD pitchfork is setting up nicely. Confirmation: -D RSI looks overbought -Price is coming down from the new moon Shaky -Aligns with long term bearish trend -Tested pitchfork -Daily failed to make a higher high. I opened a short position.
I marked a large support zone from a weekly line chart and a small resistance zone above the current price. The H4 RSI makes me want to wait for the price to test the resistance zone before a retrace back to the centerline that the D indicates is in the cards.
I will draw the inverted chart after the 4th and 5th waves formed completely. crab harmonic pattern: X=$8 AB=0.61 XA BC=0.38 AB 1.6 BC=$2.88 0.78 XA=$3 2 BC=$4.36 0.88 XA=$4.77 2.24 BC=$5.65 2.6 BC=$8.51 1.13 XA=$14.4 3.6 BC=$25.17 1.27 XA=$27.4 4.23 BC=$49.17 1.41 XA=$51.2 1.6 XA=$131.39
Upside Targets: 193.99, 257.52, 291.18 Downside invalidation: weekly close below .854 fib (138.04) Welcome to 2022 and it looks like Zoom could be forming a bottom here on the .854 fib retrace. If it loses this level then it is extremely clapped and I would just bury this into the ground. If the bullish sentiment picks up I can see this going along for the...
Following the pitchfork down. RSI - I started putting the Daily and 4H RSI on every time frame. I think it's much clearer seeing the long term swings on the 1H and 4H time frames.
crab harmonic pattern: X=$1197 AB=0.38 XA BC=0.88 AB 0.78 BC=$19 0.88 BC=$23 1.13 BC=$38 1.41 BC=$68 1.6 BC=$104 2 BC=$228 0.78 XA=$331 2.24 BC=$373 0.88 XA=$604 2.6 BC=$808 1.13 XA=$2609 3.6 BC=$6241 1.41 XA=$13978 4.23 BC=$22076 1.6 XA=$48636
If you didn't read my previous post about the road map of Bitcoin, please read it first and then look at this post🙏. Title : Bitcoin Analyze (Road Map)!!!🗺️ (Update) Where can be the end of microwave 4 of Main wave C ❗️❓ Bitcoin Analyze ( BTCUSDT ) Timeframe 4h ⏰ 🔴For answering the above question we have to check out the resistances that Bitcoin...
There could always be more pop but take a look at OBV as the big fish sell off onto the noobs. Look at my idea on TOTAL3 and see that we're probably going to resume the downtrend as we fill the bottom Fib channel down there. Maybe Bitty has a few more kicks but markets at large look terrible and there's a massive bearish engulfment on the SPX monthly. Sorry bulls,...
Pretty self explanatory here. Waiting for a confirmation on the bottom of the pitchfork before placing a long and waiting for it rising to the centerline.
BTI Weekly - EDUCATIONAL only - Support, Resistance, Trend Lines , Clusters, Fibonacci Extension, Pitchfork - Hope it Helps, Good Luck
crab harmonic pattern: X=$0.000168 A=$0.0000000001 AB=0.38 XA BC=0.38 AB 1.6 BC=$0.00000021 2.6 BC=$0.00000061 3.6 BC=$0.0000017 4.23 BC=$0.0.0000033 0.78 XA=$0.000013 0.88 XA=$0.000043 6.85 BC=$0.000051 1.13 XA=$0.00078 1.27 XA=$0.0042 1.41 XA=$0.22 1.6 XA=$0.262
This pitchfork is looking cleaner than it did last night. I think it will bounce off of resistance at 1.26733 and move to the bottom of the pitchfork. If the indicators, MACD and RSI line up I will take a long position back to the centerline. I'm going to keep looking at historical levels and might update this later. Watching a few other charts at the same time...
Pitchfork Technical analysis, now bulls will control market.
TOTAL2 - 1.2T strong resistance level. TOTAL2 - 1.2T strong resistance level. TOTAL2 - 1.2T strong resistance level. TOTAL2 - 1.2T strong resistance level. TOTAL2 - 1.2T strong resistance level.
BITCOIN is currently completing wave 4:C of it's Zigzag (Which is a correctional pattern in Elliot Waves) and after finishing wave 5:C (price around 30K) it will continue to ascend and probably break its all time high.
According to Elliot Wave Theory: The 5th wave, if the longest, typically travels 1.618 the distance of from the start of wave 1 thru the end of wave 3. That puts us around $18.00 for the top of this bull run. elliottwaveplus.com