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.
Very quick BTC daily chart update: BTC is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1D timeframe. Note that at the moment, the Bollinger Bands Upper and Lower Bands are NOT extending outwards for this 1D timeframe. The Upper and Lower Bands extending outwards means increased volatility. BTC is below its Schiff Pitchfork (A,B,C) Median...
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...
Quick ADA 4hr chart update: ADA is back in the Bullish Zone of the Ichimoku Cloud. ADA is above its Volume Point of Control (POC) for this visible range. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is sideways. The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is upwards. The Ichimoku Cloud Lagging...
ADA 4hr Chart update At the moment of typing this, the price is back above its Schiff Pitchfork Median Line. ADA needs to close a 4hr candle above this level and turn it into strong support. ADA is in the Bearish Zone of the Ichimoku Cloud for this timeframe. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is downwards. ADA...
So, as you can see, since ~20th of Feb, we've entered and, for the most part, stayed within the Pitchfork channels the entire time. Only exceptions being a few of our four hr candle wicks busting thru the support beams at the bottom, but they always closed above. Now, we are at the top resistance line of the last channel. Separately, there is a new channel that...
I think it's going to dip in the next week by a bit. Will re-evaulate then.
Yup, look at that. BTC dumped big and didn't even barely scratch into that lower median, the trend is intact and would remain intact even if another major dump like last seen happened. Ignore the stray line, Idk how to edit the chart once I've posted it I'm big dumb Tradingview plz help <3
BTC Daily Chart update on a neater chart than the last BTC chart i did. First and foremost, we need to wait and see where this daily candle closes. BTC is back above its Leading Span A (Senkou Span A) resistance and is now in the Bullish Zone of the Ichimoku Cloud. BTC needs to close THIS daily candle in this zone. BTC is back above its Ichimoku Cloud Base Line...
At the moment of typing this: BTC is in the Equilibrium Zone of the Ichimoku Cloud. BTC is below its 50EMA on the daily chart. BTC has found support from its 100EMA. BTC is below its Ichimoku Cloud Conversion Line (Tenkan Sen). The Conversion Line (Tenkan Sen) is indicating short-term momentum is sideways. BTC is below its Ichimoku Cloud Base Line (kijun...
BTC update with a few different indicators to help you: At the moment of typing this, BTC is back above its 50EMA. BTC needs to CLOSE a Daily Candle above this level and turn it into strong support. BTC is still in the Bullish Zone of the Ichimoku Cloud. BTC has managed to close above its Ichimoku Cloud Base Line (Kijun sen) 2 days in a row, it looks like this...
Cardano is poised to hit targets we did not think possible on this 2021 Bull run. With all the smart contracts and all the dapps that will be built on the Cardano protocol along with the bridges being built to support other blockchains and governance and on and on....... I am starting to think that we may be giving the eoy Ada price no justice at all. I posted a...
So we all know what happens here. The schiff pitchfork is the corrective fork and we drew it several days ago. All you have to do is right click on the original and it shows you where the corrective price action will take you. Right now we are flirting with the lower median line and bottom fib channels. This is typically a buy signal. This is not financial advice...
Here we see our BAT BTC weekly chart from Binance . You can see BAT had a massive downside here from last summer. But it's recovering nicely and looks great for upside . You see we have drawn a large pitchfork indicator on this chart and it seems to fit. The top of that first pitchfork line up seems to be near 2600 and that also is where you see that long red...
I don't know why i cant replicate my schiff pitchfork, even when I use the values I see on the main chart. Ill keep trying to figure that out. ----------------------------------------------- Mid term, I am bearish on Btc. The bounce spots can be seen and there will be a link to the pitchfork chart for future reference to it. It def appears to be rising wedge...
It's like he does this on purpose. The second Peter Schiff buys a single $ above $280,000, or CZ makes a bullish tweet, sell. Investment strategy: Opposite of peter schiff at any given moment.