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Pitchforks

Expanding Diagonal Scenario Overall, everything is going along with our predictions. BTC formed a bearish Seahorse , metamorphosing into a bearish Dragon , substantially achieving its target, and then testing one of the parallel channels effective for months. I presented the idea of forming a triple zigzag with a pitchfork, but the chart also seems different. If this 21400 level holds, the chart could form an expanding diagonal with the help of a harmonic bullish deep crab (green), up to approx. 22800 area, where the H & S's neckline zone, the pitchfork's Fib 2 level, and the 4H Ichimoku cloud are present. Suppose the new high fails to establish there. In that case, point (D) will be the final pivot of the expanding diagonal triangle into the 20500-20700 zone, where there is a confluence of many S&R elements (daily cloud, parallel channel, pitchfork, H&S' s Fib 1.618, and significant volume zone).
Long
by jackrabbitrage
XRP - I CAN HAZ GARTLEY NOW?Hey crew, forgive my radio silence here, coding up a storm and generally strapped for time but let's do a quick breakdown on this beauty eh? As I've repeatedly stated, XRP ALWAYS pumps before a dump. Here are some key points : XRP, similar to staked tokens has a massive escrow and when they release tokens, there's usually a distribution pattern shortly thereafter All the market-wide carnage from bankruptcies, fraudsters, SEC and regulatory uncertainty has clearly NOT yet fully manifested All "relief rallies" must come to an end and The Bear is NOT over (imho) So we've def got a Gartley now, no question and there looks to be a Wyckoff distribution painted on the chart here. I personally just stick to Fibs and Forks for my placements and use DCA always to hedge and minimize risks with the following portfolio objectives : 1. Take scalps 2. Increase holdings 3. keep portfolio "in profit" at all times using shorts to hedge against high probability down moves So that's it folks, hope you stay in the green and as always, not investment advice here, we still have a date with the 0.10 cent range :) ~ Box
by FudBox
3
$BTCUSD Golden Crossed!!!Ok, I know there is A LOT of technicals out there, Fibonacci, moving average, pivots, Elliot wave, RSI volume, price volume, etc., However, one that is sorta high up on the priority list is the Golden cross (50 day moving average crossing above the 200 ma). Any technician knows about.. the flip side is the death cross. Well Bitcoin just golden crossed this morning. So that’s now, the Dow Jones (golden X’d in mid December), the S&P500 (golden X’d on Friday 1/27/23) and Bitcoin..the Nasdaq has not crossed yet.
BITSTAMP:BTCUSDLong
by jgeno
Shib sitting up or rolling over?If you find this info inspiring/helpful, please consider a boost and follow! Any questions or comments, please leave a comment! Also, check out the links in my signature to get to know me better! From an Elliott wave stand point, there is a potential that this move up is just a larger move with in a correction. A blast off or a nice corrective pattern internally retracing this move could be a nice entry for a long. Only thing else I could see is it may be being in the midst of some kind of Diagonal. Also drop some Median Line Trading principle in there as well. As long as the last pivot holds "price should return to the median line approximately 80% of the time." Theses levels on watch in case of a pull back. Cheers!
Long
by CryptoKnee
1
LINKUSDT Exiting Ending Diagonal from the last impulsive wavePrice action, based on Elliot Waves principles, is falling from peak after complete an Ending Diagonal from the last extended impulsive wave to a potential target at local demand in hourly timeframe in a possible 78,6% retrace as shown on AB=CD pattern, below volume POC and after reject Anchored VWAP from May '22 bottom. Consolidating in a parallel channel as shown within a modified Schiff Pitchfork. Potential swing-downward in a corrective wave target to Dec '22 low re-test. Monthly Inside Bar zone.
Short
by firmestudio
1
Pitchforking for Gold with an eye on the Funds!COMEX:GC1! Looking for Gold to extend the rally and move towards the upper parallel of the long-term pitchfork. Currently looking to move towards the warning line of the downward sloping short-term pitchfork and the target will be the upper parallel of the upward sloping short term pitchfork. Historically, gold does not top until the Managed Money positions reach over 200K plus contracts and the Commercials short position reaches well over 400K. Look for the trend to continue upwards and keep an eye out for what the funds are doing.
COMEX:GC1!Long
by shardison
AUDUSD - still worth keeping an eye on until WednesdayMonitoring AUDUSD on intraday timeframes to form a price cap. I don’t like the impulsive move on H1 into this zone, but D1 takes precedence and there might be shorting opportunities tomorrow during London session, providing there will be a valid price cap to confirm the end of this trend. However the RBA has not ruled out another interest rate hike for the February, and that needs to be kept in mind, and AUD might stay up at these levels until Wednesday's CPI numbers.
by Uncertain_Outcome