Downloading...
Download

Shiff

Bitcoin Pitchforks to rule them all!Another reason to believe that our newest EW starts at 8185 instead of 8106 is the new smaller time frame shiff pitchfork I just drew that's already proving itself to be very useful with a perfect hit on the lower band bottom and top before taking of. This means >50% of current bots, traders, wales are agreeing to have this new count start at 8106 with pivots of importance at 9944 and 9120. To get an EW count out of this I had to go with either a very big 1 or a very deep 4 and I chose the first as you can see on the chart. The reason for that is that I would really like to finish the 5 at the top of the big long term pitchfork that has been proven very worthy over time. If I went with 1234 already in, we would have far too much extension into the 5 to get all the way up there. Keep in mind that the bullish count is never 100% guaranteed! This only proofs it has some capital behind it to say the least.
COINBASE:BTCUSDLong
by ItsShowtime
1
You remember that Shiff Pitchfork? Yeah that's STILL in play!Same Shiff Pitchfork as posted earlier in my Idea linked below is still dedicating the short term swings correcting last week's 43% pump. Hey guys, let's agree at least that this pump was worth its money, even if we retrace 50% in a few days. I mean come'on guys, I have been trading Bitcoin since 2016 and this is completely out of the ordinary. In fact, at this point we know it was the biggest pump in less than 24h since the 10th of May 2011 (and it didn't even take 12 hours to fully complete the first impulse wave). This is the third biggest pump in Bitcoin history, one we have been waiting on for more than 8 years, that should be celebrated! For the bulls out there that missed the first run, I hope you picked some up at 8.9 when it perfectly hit the 0.5 FIB line, I was too late to do so, and am waiting to get in at the 0.618 lining up for the next big move. Here you can see the opportunities you had to make money during the correction on that move, I hope you didn't miss all of them! PS: Since I am short term short and mid + long term long, I do not have the balls to set the Strategy at short right now. I am also not advising anyone to take the short right now, unless you know what you're doing!
COINBASE:BTCUSD
by ItsShowtime
Bitcoin correction (Wave 2) aftermath and final support!Shown are the technical pivots that had influence over the past months during the Bitcoin correction. The high came very close to the .65 Fibonacci retracement resistance based on the entire bear market from the high 19k to the low 3k levels. In fact, it perfectly hit the .64 Fibonacci level drawn on my chart. .65 is also called/believed to be the golden pocket by many traders, although some prefer .66 for that. Before today, I never used the Shiff pitchfork myself, but I have seen good results in charts from other traders. After using it, I was very impressed by how some technical pivots perfectly alligned with the lines of importance of this pitchfork as well as how the chart beautifully stayed within the pitchfork territory. I drew the .618 and .65 of our recent 1 wave to predict the low that will hopefully hold because of major support. Note that the .382 of our bear market also finds itself within this support structure. If we were to break and close a daily candle below 6700, I expect a major rally downwards towards prices around 4k where we find the first support levels based on previous resistance with high market acceptance. I do not expect bears to go that far, but please keep this possibility in mind when trying to trade the absolut bottom of this correction without decent confirmatioins!
COINBASE:BTCUSDLong
by ItsShowtime
1
ETHUSD - Lines on a Chart, Shiff & ShirtsIf you lose your shirt in a crowd, it's likely that someone else will be wearing it shortly after. Daily 50 Period & 100 Period Moving Averages are nearby. I think typically, MA's and Lines on a chart are only useful if they are respected. This Shiff has been monitored closely during recent price action, and thus far, has proven useful with respect to confirmations. I have no idea where the market is going, but here are some observations that may be indicative or probable based on some those confirmations. Daily 50 Period MA has been useful, strong - recently seeing decent bounces. The Daily 100 Period MA is nearby, but it has not been tested as of late, but probable as a useful benchmark. These median lines have many confirmations and are providing a channel to gauge demand areas. Recent swing high moves are observed at nearly identical 13.60% and 13.82% climb. Certainly an Elliot Wave TA out there can make sense of a probable next move. Good Luck, Traders. May you find yourself on the profitable side of it.
COINBASE:ETHUSD
by MrJEB
BCHUSD - Caught in a Crowd Gathered Pit FightBring your Shiff Fork, this ones Fight Club Style. Looking in on BCHUSD reveals some Mid-to-Short Term Shiff Pitchfork (minus the pitch) action with an array of confirmations. Price action seems to be caught in a crowd gathered pit fight, and the range is ' the low 120's ' (low) and ' the high 130's ' (high). A move down from the .25 Line would likely shove price back up from a supporting .382 zone from the Lower Parallel ( looking like more support in this zone than upper than upper parallel's action resistance ). A move up from the .25 Line might see a kick back to the other side from the .382 upper parallel The back and forth has been going on a modest 18 days, and the trend is mostly sideways, with a less than ideal pitch. What can you do? There it is. Trade the range? Good luck, Traders. May you find yourself on the profitable side of it. ~Harbachan
COINBASE:BCHUSD
by MrJEB
Shift Coin Potential Rally After CorrectionShift coin has been showing some good performance recently. After breaking above the triangle pattern and finding the support and the downtrend trendline it has jumped up from $1.6 up to $6.4, gaining 280% over the USD. Today a strong correction took place, bring SHIFT/USD down to the previous all-time high at $3.2 support. Seems that support is being rejected which could result in a continuation of the uptrend, since higher highs and higher lows pattern hasn't been invalidated. Currently, Shift is trading at the $3.2 support which could attract more investors as the price is relatively cheap. The first upside target is seen at $9.3, which does correspond to two Fibonacci retracement levels, 327.2%, and 661.8%. This price is also very close to the $10 psychological level and could be a strong resistance as well as a good take profit target. Only a break and close below the 200 Moving Average could invalidate bullish outlook.
SLong
by CryptoPAMM
24