XAUUSD FORECASTMy previous forecast on XAUUSD was bearish continuation and looking for Lower Low, this is an alternative for Bull Run, key level on lower timeframe by using Andrew's Pitchfork was 1914 then 1860.
Trade safe, Everyone!
Hagopianline
Andrews pitchforkPrice could not touch Median Line and a Hagobian Gap* has builded up,
then broke sliding parallel,which is sign of weakness.
I am awaiting a fall until 1890-1900 area,
which is a suffient level for open a long position,
in case countertrendline breaks.
//*If the price hasn’t been able to touch the median line
(20% of the time), the market intends to form a bigger wave in the opposite direction,
i.e., if the market has formed an ascending pitchfork but hasn’t touched the median line,
it is probable that a descending rally begins in the market.
ETH - long ideaPrevious strategy worked fine and we closed the trade with profit, now we have another strategy for steep markets. it's more simple but it again uses hagopian's rule as the main idea of it
when you see a Drop base Drop or a Rally base Ralley structure, you can use the start point ot the move as A point, the first low as the B point and the highest high as the C point, then if the fork failed and the hagopian's line is broken, you can trade to pivot C and even A if you can manage your position.
here we still wating for the break of the hagopian's line which is the sloped green line, it's a scalping trade so make sure your stop is tight and below a valid market structure, we mostly likley want to enter on a pullback to hagopian's line and not just breakout since the timeframe bares a lot of false breakouts (like one we saw in the last analysis).
The pink line is a key swing high and a flipped resistant zone ( which is support now ) which if breaks we can expect the price to fall even more.
i'll keep you posted, ask me any question you have or any pair you wish me to look at
thanks for your attention
ETH - Possible Short Term tradewhat you can see here is a double fork hagopian triangle strategy (or at least what i call it), it aims to use a triangle lines as hagopian lines and use the failing fork to identify the failing side and trade in that direction, i usually find it to go at least 80% of the profit bar (which is nothing special but the triangle height).
if you don't know what hagopian is, it's a failed fork when the hagopian line ( or the trigger line or the basic trend line ) breaks, you can trade to the C or A pivot based on your risk, when combined with triangle , you basically have a confluence on your forks and a group of chart pattern traders on your side which makes the trade more probable.
Hopes this helps you make a good trade
thanks for your attention
Andrews pitchforkPrice exited from the pitchfork,Hagobian line is about to break,
I intend to go short if price makes double or lower top and countertrendline breaks
Andrews pitchforkABCD pattern in process,
according to Hagopian Rule ; <>,
in this case, price fell without reaching Median Line around 1835, leaving a 3 dollars gap,
moreover local trend line and Hagopian lines are broken too,
I think about selling around C point ; IF LOCAL COUNTERLINE (BC LEG) BREAKS.
Andrews pitchforkprice is approaching to intersection area of;
trendline, Hagopianline, second warningline
and local support,
scalping opportunity until local high
Andrews pitchforkABCD pattern in progress,
I am waiting for pulback (C corner) which coincides with local support and first warning line - Hagobian line interval area,
if price hits 1830, I am gonna search for selling opportunity
VTHO 4hr chart updateQuick VTHO 4hr chart update:
After yesterday’s massive price rise, VTHO has dropped back under the Upper Bollinger Band which should come as a surprise after such a large rise.
Note that we have had an extreme expansion on the Upper and Lower Bollinger Bands so a BB contraction and price dip is a possibility and should not come as a surprise.
VTHO is back below its Pitchfork Median Line for this 4hr timeframe.
VTHO is still above its 50EMA (Yellow Line) for this 4hr timeframe.
VTHO is still above its Least Squares Moving Average (LSMA) (White Line).
VTHO has found some resistance from Upper Bollinger Band. Note that VTHO is safely above its Bollinger Bands Middle Band Basis 20 Period SMA.
VTHO is still above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range.
At the moment of typing this, VTHO is below its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range i have selected.
VTHO has closed 7x 4hr Volume Bars above its Volume 20 Period Moving Average and looks like it will close a 8th Volume Bar above it.
The Average Directional Index (ADX DI) is showing that the trend strength is still strong with the ADX (Yellow Line) at 56.58 and still above its 9 Period EMA (White Line) which is at 48.46. The +DI (Green Line) has dropped to 39.65 indicating positive momentum has dropped for this 4hr timeframe, but note that the -DI (Red Line) has also dropped to 2.36 indicating negative momentum has also dropped for this 4hr timeframe. Note that the -DI (Red Line) is starting to curve sideways.
The Relative Strength Index (RSI) is indicating that momentum is downwards at the moment, note that the RSI (Purple Line) is below its 9 Period EMA (Yellow Line) which is a sign weakness for upwards momentum. Renewed upwards momentum will be confirmed when the RSI (Purple Line) cross back above the 9 Period EMA (Yellow Line) for this 4hr timeframe. The RSI (purple Line) has just dropped out of the Overbought Zone.
Here is a closer look at this 4hr timeframe.
We could see VTHO range sideways within a range for a few hours/days which would bring the Lower Bollinger Band Upwards, or we could see VTHO drop to its LSMA or 50EMA level as a major support. If the 50EMA fails as support, VTHO could drop back to its Bollinger Bands Middle Band Basis 20 period SMA. If you are waiting for confirmation to place a long, a successfully break ABOVE the Pitchfork Median Line and successful RETEST of that level as support is key, but note that may change as there might be better lower levels to go long if VTHO dips more.
Note that the Pitchfork Hagopian Line has acted as very strong support over the last few weeks so this level is crucial for VTHO stop stay above on this 4hr timeframe.
I hope this is helpful with your trading and hold-ing.
ADA - Longterm food for thoughtCrypto drops like the one today can look devastating on the lower timeframes, but if you take a breather, step back, zoom out and look at higher timeframes like the weekly, you’ll soon see the bigger picture.
ADA is still well above its Bollinger Bands Middle Band Basis 20 Period SMA on the weekly chart.
ADA is still well above its 50EMA on the weekly chart.
ADA is still well above its Pitchfork Hagopian Line on the weekly chart.
While ADA is below its 2nd Pitchfork Median Line, notice that ADA is still well above its 1st Pitchfork Median Line.
Notice how the Bollinger Bands Lower Band has risen up indicating decreased volatility on this weekly chart. As you can see, ADA is still in a longterm uptrend, scan back on this chart and see what happens when the Bollinger Bands Lower Bands move up after a period of strong upwards volatility…… there will possibly be sideways ranging…… then another period of increased volatility and looking at the ADA chart it’ll more likely be upwards.
ADA is still in a longterm uptrend, and that will not change until ADA drops and closes below $0.63 which is below the 1st Pitchfork Median Line and the Pitchfork Hagopian Line. Periods of sideways ranging and drops are good fro the market and entice new buyers to buy ADA at a cheaper price.
Yes there will be more drops and sadly BTC still controls the market direction but if there is one crypto that has shown true individual strength & said “meh” to the Bitcoin crypto market manipulation drops and recovered quickly, it is ADA.
You can check my older post when ADA was below $1, i posted many time saying “accumulate more ADA before ADA gets to $1”, now i’m saying “accumulate more before ADA gets to $10”. If you're longterm, then any drops with ADA should be used to accu…………… well, you know what to do.
I hope this is helpful with your trading and hodl-ing.
Bitcoin - Wherefore art thouFor my 100 TradingView post, i though i'd do a nice in-depth Technical Analysis about what BTC needs to do using the various TA tools i use, so i hope you all find this helpful and informative:
If we look at the descending Pitchfork (A,B,C), BTC has found strong resistance at the Pitchfork Median Line. BTC 110% needs to CLOSE a daily candle above this level and turn it into strong support.
BTC is still below its 200EMA. BTC 110% needs to CLOSE a daily candle above this level and turn it into strong support.
BTC is in the Bearish Zone of the Ichimoku Cloud.
The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is sideways with a slope downwards. Note that the Lagging Span (Chikou Span) has risen and is near the Leading Span B (Senkou Span B) cloud resistance.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is sideways at the moment.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is sideways at the moment.
Note that the Price is under both the Ichimoku Cloud Conversion Line (Tenakn Sen) and the Base Line (Kijun Sen) indicator levels. Note that the Base Line (Kijun Sen) is on top of the Conversion Line (Tenakn Sen). BTC 110% needs to CLOSE a daily candle above both these level and turn both into strong support. We also need the Conversion Line (Tenakn Sen) to cross back above the Base Line (Kijun Sen)
Note that we have had a Kumo (Cloud) Twist where the Leading Span A (Senkou Span A) & Leading Span B (Senkou Span B) have reversed top and bottom turning the cloud red indicating bearish confirmation.
Note that volume has been getting lower over the last 4 days and the volume is below its Volume 20 Period MA.
The Average Directional Index/Directional Movement System (ADX DI) is indicating a strong trend with the ADX (Yellow Line) at 51.13 above its 9 Period EMA (White Line) at 44.32. The -DI (Red Line) is at 30.04 still above its +DI (Green Line) which is at 6.51. Note that the -DI (Red Line) has dropped and is pointing downwards and the +DI (Green Line) has risen but is now pointing slightly downwards. This indicates that Negative momentum has dropped but positive momentum is still weak.
The Chaikin Money Flow (CMF) is indicating BTC is still in the Accumulation Zone of with the CMF Line (Green Line) at 0.01. BTC needs to stay in the accumulation zone if any attempt is to be made at crossing the Pitchfork Median Line.
If you are waiting for a real 110% confirmation of a Daily Chart reversal to the uptrend then you would need to wait for BTC to close a daily candle above the Ichimoku Cloud Leading Span A (Senkou Span A) cloud resistance and also back above the Pitchfork Hagopian Line tuning these levels into strong support. This would mean however that you would lose any potential rise & profits so another way of confirmation is to split your sum amount for one trade & place it in stages to place a number of trades:
Stage 1 would be closing a daily candle strongly above the Pitchfork Median Line.
Stage 2 would be closing a daily candle strongly above the 200EMA.
Stage 3 would be closing a daily candle strongly above the Conversion Line (Tenkan Sen).
Stage 4 would be closing a daily candle strongly above the Leading Span B (Senkou Span B).
Stage 5 would be closing a daily candle strongly above the Base Line (Kijun Sen).
Stage 6 would be closing a daily candle strongly above the Leading Span A (Senkou Span A).
Stage 7 would be closing a daily candle strongly above the Pitchfork Hagopian Line.
I hope analysis and 'various stages' idea is helpful with your Trading & Hodl-ing.
CMF
ADX DI
VeChain - Longterm OutlookVeChain Longterm Outlook:
I thought i’d do this post slightly differently, more neater with less indicators on it so you can see how far VeChain has come and what a crucial time VeChain is nearing at.
VeChain is well above its 50EMA on the daily chart.
The Bollinger Bands are indicating volatility has increased with the Upper and Lower Bollinger Bands expanding away from each other.
VET is still above its Bollinger Bands Middle Band Basis which is a 20 Period SMA. VET is essentially walking the Upper Band upwards.
The ADX DI SMA is indicating the upwards trend strength is huge with the ADX (Yellow Line) at 75.8 above its 10 Period SMA (White Line) which is at 68.7. The +DI (Green Line) is at 35.8 which is hugely above its -DI (Red Line) which is only at 2.7.
If we look at the Chaikin Money Flow (CMF) we can clearly see VET is being accumulated with the CMF (Green Line) above the Accumulation/Distribution Line (Dashed Line) at in the Accumulation Zone at 0.13 at the moment.
I have added a Least Squares Moving Average (LSMA) on this daly chart to show that VET is very strong and shows no sign of crossing back under its LSMA anytime soon. FYI the price crossing back under the LSMA is a sell signal.
VeChain has found very strong support from its Lower Yellow Pitchfork Support Line.
There is no fear of VET crossing and clossing a daily candle below its Pitchfork Hagopian Line in the short to mid-term.
Very soon, VeChain will likely attempt a crossing back above its Pitchfork Median Line 🤯.
We can expect massive resistance at the Pitchfork Median Line, and there should be some pullback expected because of this resistance……… or maybe it’ll breeze through, such is the nature of cryptos.
Crossing and CLOSING a Daily Candle above this Pitchfork Median Line and turning that line into strong support will enable VET to set a new launchpad from which it can achieve its next challenge…….. crossing & closing a daily candle above $1.
As you can tell, I’m very excited about this prospect.
Just google VeChain and see just how much of a sleeping giant this crypto is. It has a real world partner & client base that would make any corporate jealous with envy. People have asked me, “why doesn’t VeChain promote & pimp themselves out like other crypto companies”?…… my answer is…. because they don’t need to.
As i stated before, VeChain should be in your longterm portfolio & is definitely one to watch.
I hope this is helpful with you trading and hodl-ing 👍🔥🚀🌍🌔🪐🛸👽
ADA - Longterm OutlookA lot a traders & hodl-ers start to panic when the crypto asset they’re investing in stalls or dips for a few days or weeks, these same traders & hodl-ers fail to look at the bigger picture………. that ADA is still in a LONGTERM UPTREND.
Let’s look at this ADA daily chart which is more simpler than i normally post, to enable us to look at the LONGTERM OUTLOOK. I will try and keep this succinct so hopefully everyone can easily understand it.
FYI, I haven’t extended or added the extra resistance and support lines on the 2nd Pitchfork Pattern because i wanted to keep it neat & less messy.
On this daily chart, you can clearly see how far ADA has come, especially since March 2020. You would’ve got about ~9000% profit if you bought at the bottom in March 2020, held strong, and took profit at the top in March 2021. Power of hindsight can be painful, especially for those BTC maxis who didn’t diversify, because BTC has only done about ~1500% since March 2020 - March 2021. ~1500% is not to be sniffed at, but it’s not even close to ADA’s level.
As you can see, ADA is above its 1st Pitchfork Median Line. FYI, that line, is going upwards.
ADA has however, dropped below its 2nd Pitchfork Median Line.
At the time of typing this, ADA had found support at the upper Yellow Support Line from the 1st Longterm Pitchfork but it has just dropped below it, so hopefully we can close this daily candle back above it.
ADA is a really good distance away from its 1st Pitchfork Median Line and even further away from its 1st Pitchfork Hagopian Line. I really we do not want to cross back under the 1st Pitchfork Pattern Median Line.
ADA is also a good distance away from its 2nd Pitchfork Hagopian line which we certainly do not want to cross back under.
I have added an RSI to this chart, so we can see what the momentum is like. If you look at the RSI on this daily chart, you can clearly see that ADA is NOT overbought and NOT oversold.
So what does this chart tell us??? It tells us that ADA is in a longterm uptrend…… Now. Contrary to popular belief, an uptrend doesn’t mean that the asset continues going up 24/7 365 days year. No! In a LONGTERM UPTREND, there are periods of PROFIT TAKING, CONSOLIDATION, the asset being OVERBOUGHT & OVEREXTENDED ‘which ADA is neither’ and also… just traders focusing their money on other crypto assets for a while…. It happens.
Looking at this longterm chart, even if ‘hypothetically speaking’ ADA dropped to its 1st Pitchfork Median Line, so long as it closed a daily candle back above it, it would still be considered a LONGTERM UPTREND. And even then, it would need to cross under and stay below its 2nd Pitchfork Hagopian Line which i seriously doubt it’ll do.
For me, for the longterm, ADA is looking fantastic and any dip should be used to accumulate more before the next rise. I hope you have found this is helpful for your trading & hold-ing. 🙏
