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Pitchforksdontwork

$PLTR - Ready to pop? (multi-analysis convergence)This is one that i've been watching for a while now. Im going to look at this price action using 3 different methods: Elliot Waves, Pitchforks, and Volume Profile (with some anchored VWAP and MA action) Based on the EW analysis, we are in an intermediate wave 3 (yellow) of primary wave 3 (green) of cycle wave 3 (white), giving us a triple nest. If you look at the modified Schiff pitchfork, we got rejected off the median during the Sept 17 high, found support at the 1.618 line and are now holding that support. On the Volume profile, we got rejected off the high volume node (which coincides with the median line of the pitchfork and the wave 1 top from EWT) and are now consolidating off of another large high vol node, and sitting right underneath the POC line (red dashed), having bumped up against it several times now. If you take the YTD Anchored VWAP, we are also sitting right on top of it, and right underneath the 200 SMA creating a pinch point. If we get above 25.50-26, we will clear the volume node leaving us wide open to hit the previous high of 28-29, and clearing that, all the way to 40. If we do break the 1.618 pitchfork support, we could fall to the 2 line, and test the bottom of the current volume node around 22.90, giving us a double bottom pattern at the previous resistance turned support level.
PLong
by ir-rizzle
6
Bullish Schiff Pitchfork Dogecoin Confirmation Bias In this video I try to explain my theory on the trend of Dogecoin and potential price targets for short term entry and exit strats. I'm trying to also further my understanding of the Pitchfork tool and capturing trends. This isn't intended as financial advice but rather as a video diary on my theory. I intend to view this in the future to see how my thesis turned out and I'm making it public so you all can give me guidance and or potentially learn from me though I don't recommend that lol. I believe dogecoin in on its to the upside unless we see a massive sell off like before with whale accounts. I've linked my previous Dogecoin chart that was a short term scalping chart / pitchfork for continuity.
BITTREX:DOGEUSD
by CoyoteCoin
1
ETHUSD - Cluster of 4H Break VariablesETHUSD Price action has been hovering around an upper median line from the last correction. The more distant uptrend line has held a second time on the 4H Chart (help from 4H 200 Period Median Band). There is much going on with this chart, so let me elaborate. I agree, too much drawing is ridiculous, but maybe we can find the forest through the trees here with a little confirmation from the Pitchfork. Blue Bollinger Bands : @ 200 Period Length w/ Standard Deviation 1.25 - Price Action Base Median $132.55 Yellow Bollinger Bands : @ 100 Period Length w/ Standard Deviation 1.25 - Price Action Base Median $133.93 Current Price Action below both Period Length Band Medians (4-Hour Time frame) Price trading within Upper Correction Channel seen on Pitchfork (most notably between 50 and 61.8, and below 100) 200 Period Median Line bailed out correction down from $170 once already, but current price action sitting below that average (4H) and teetering. My thoughts are that Bulls seem to be maintaining the upper median of the correction so far (are the bears wearing, or ready to strike?). Breaking the Upper Pitchfork 1.5 Median Line (purple) & Upper Trigger line would appear Bullish. However, with price action caught below the averages, a break below would indicate a loss of the 100 Period lower band , a break of the .618 fork median line , as well as a break of the distant uptrend line that would challenge the downtrend correction channel at the .5 level. Any weakness here and an escape to the lower 200 Period Band at the present $120 range is within Bear's Reach. Price action could remain sideways for a day or two while this gets sorted out.
COINBASE:ETHUSD
by MrJEB