BTC on the way down to $35kBTC is still following the pitchfork down to the next zone around $35k. I expect it will move sideways inside the zone soaking up fills and possible wicks into stops.
I dollar cost average BTC with regular direct deposit, Blockfi credit card, Coinbase USDC card, and Revolut roundups. Considering where BTC could go in the next 10-100 years I don't want to trade BTC in these lower time frames.
Noobanalysis
CADJPY Pitchfork with SpacemanBTC Key LevelsI've been playing around with different indicators but trying to keep it simple. I really like the SpacemanBTC Key Levels.
I think CADJPY was trying to break bearish out of the pitchfork but caught resistance from the monthly high and monthly open. The 4H and Daily MACD and Sto RSI may be moving to flip bearish. I wouldn't trade at this point because I don't have 3 or more indicators for a setup. If the MACD starts flipping bullish, Sto RSI falls below 20%, and price recovers and retests the 2nd deviation on the pitchfork I will consider a long with a TP near the center line of the pitchfork.
#GBPUSD ContinuationThis is a continuation of an earlier idea I kept private.
I think GBPUSD will drop and test the lower zone I highlight before returning to the centerline and again testing the bottom of the pitchfork and lower zone. I will likely scale in at the lower zone with a stop loss under the pitchfork.
Vechain #VET. Multi-Month Schiff PitchforkBINANCE:VETUSD
After several months of the descending pitchfork, VET broke out and the pitchfork became resistance as seen in early December. I've been holding VET since 2018 and I'm not actively trading it. I will buy more when it follows the resistance line into Zone 2 with a take profit in Zone 1. I will consider this idea invalidated if it breaks below Zone 2 and continues down the multi-month pitchfork as resistance. I'm not a pro and nobody should trade off of my ideas. Just verbalizing it for commentary and criticism to learn.
If it breaks above Zone 1, 1) I will be happy for my long-term bags, 2) Will revisit this chart.
ADA EUR 15min ResistanceFurther resistance line forming. I am predicting a drop to break out of the flag. I hope I'm wrong.
New Idea on Converging LinesI've annotated the idea that maybe the pink dotted lines may indicate a couple of points of volatility in the near future. Watch this space.
ADA to EUR resistance analysisI'm following the @Fx_professor___ and adapted to extend the resistance lines and apply it to EUR as that's the fiat currency I'm working with. Please do not take this as advice or even with any seriousness. I have no idea what I'm doing.
SPY Supply & Demand Zones 30 minMy first time drawling supply and demand zone for a stock (or etf ). Please let me know how I did and give me any feed back that I could use. The green is the demand zone and the red is the supply zone . I put in a purple box which indicates a "balance" zone where buyers and sellers are at a balance, which is where price consolidates. the balanced zone is usually followed by a big move upward or downward which means either more buyers stepped in or sellers. Once again I am still learning how to draw and understand supply and demand zone, any helpful feed back will be much appreciated.
KernLooking bout ready, we took a nice play on this back in Nov/Dec 2020 and looking like its setting up for another nice play. I like that price looks to have broken the down trend and a previous low with a strong bullish engulfing candle. I think as long as price stays above this anchor candle(the bullish engulfing candle) that price will begin to move towards the indicated target areas
US500 Long Idea over the next week or 3Still very noobish, but I believe that the market should bounce off the zone marked at the bottom- forever forgetting which is supply and demand! I have placed my stop just below the zone and am going to take profit if it hits 75%. Please feel free to provide input/feedback as trying to learn properly :)
2026: the SEC case will be settled (💩post)Come to think about it, this shitcoin didn't manage to reach its previous ATH. This led me to believe that TA can help us see into the future, just like Asimov's Psychohistory, we can mathematically infer future events based on current data.
As such, I believe that XRP is inside a huge, unbreakable, bearish trend. This trend will continue for years, until the bars will ping-pong through infinity between the ever-closer fixed trend lines I show right here.
Now, as we saw with Musk's tweets, some types of TA are able to predict real world events that change the fundamentals. And regarding XRP, the fundamental FUD is surely the SEC case. Given the importance and stability of the TA lines I drew, and the SEC case being the only thing important for XRP, I have reasons to believe those two are strongly correlated.
About the 2 minimum levels: I personally prefer the green line as a base price, due to the fact that it also fits well with the Fib time zones. Others, more optimistic, will say that the base price would be the yellow line, so I also offer June 16th 2025 as an option for SEC settlement. But my bets would be on the 2026 date.
This is a shitpost and should be treated as such. Be sure to YOLO all you money into this trade and tell the jury my name when you sue me.