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Pitchforks

Follow the eye - detailsIn the chart there are 2 Median Lines, 1 Fan (Dr . Alan H. Andrews style) a trendline - and... a smiling dog 'cause it's Fun! Now the Median Line per 1.2.3. been shared for the first time here The Upper Parallel Median line test is where the Blu arrow is and it shows a dynamic resistance level that worked pretty well. Here is another update of the same pattern: Right now prices are close to the 50% lower inside Parallel Median Line, first small green arrow in the chart. The 2 green arrows show 2 potentially relevant support zones. The second Median Line is the one per 1'.2.3. The prices tested the Center Line of this pattern (orange arrow). The second test been where the blu arrow is, and it's the 50% upside parallel of this Median Line (resistance). This Median line been shared for the first time here: and then here: but the most important been this one Considered the efficacy of these 2 Median Lines in the past we may have high probability to see these patterns working as good dynamic levels to check even in the future. The dynamic trendline offered extremely relevant Res. zone that been tested multiple times and may worth a check in the future. The first time we pointed out the potential efficacy of that trendline been here: The Fan using the Dr Alan H. Andrews settings could be used as dynamic support and resistance to check and the crosses of the fan with the trendlines generated form the Median Lines are called "energy points" and could be checked as price magnet levels as well as resistance or support and trend chaange detectors. Maybe U can use the levels in this chart to track the future price fluctuations. Hope you enjoy! (Too much hurry from me yesterday, have to say sorry to Nico the moderator.)
BITTREX:DOGEUSDEducation
by locatellicharts
3
Follow the eye @elonmusk @BillyM2kPrices going up and down: it's called "price fluctuation" and use to be driven by financial speculation. Prices and rates change as supply or demand changes. If something is in demand and supply begins to shrink, prices will rise. If supply increases beyond current demand, prices will fall. If supply is relatively stable, prices can fluctuate higher and lower as demand increases or decreases. In the chart there are 2 Median Lines and 1 Fan - Dr. Alan H. Andrwes style - and... a smiling dog! Maybe U can use the levels in this chart to track the future price fluctuations. Enjoy! This chart Update of and
BITTREX:DOGEUSD
by locatellicharts
Algorand - Getting kind of cheapGotta say this is tempting. So is proof of stake possible to compete with PoW? Economically I understand this just makes the existing holders constantly wealthier. Also there are pre-sales, etc. So, kind of a scam. On the other hand, the tech is pretty cool and transaction fees super-low. So this seems pretty competitive. Drew like 3 pitchforks on this chart, IMO if Algo breaks out from here it could be a big winner, otherwise I'm looking at the 20 cent range. Feel free to correct me or enlighten me on any of this.
by ChartMeNot
BTC/USD - Weekly Chart Falling Wedge Pattern and a P WaveBTC is in a massive Falling Wedge Pattern. A Falling Wedge Pattern is potentially a Bullish Reversal Pattern. Note that the APEX of the Falling Wedge Pattern is around March/April 2024. BTC is in a Negative Ichimoku P Wave Pattern. BTC has been in 2 Previous P Waves from the all time high and both P Waves ended with further drops to the downside. BTC is also in a massive Ichimoku Y Wave Pattern. This gives us a new All Time High potential target for BTC if it does eventually rise and especially if its stays above the Lower Descending Trend-line of the Falling Wedge Pattern. BTC is still deep in the Bearish Zone of the Ichimoku Cloud on this 1 Week timeframe. Note that we have already had a Kumo (Cloud) Twist into a RED Bearish Cloud on this 1 Week timeframe. BTC is still below its 200MA. A successful WEEKLY CLOSE ABOVE the 200MA and successful re-test as support is crucial for any longterm uptrend to become viable. Note that BTC has closed 3 weekly candles below its 200MA. BTC is still below its Least Squares Moving Average (LSMA) on this 1 Week timeframe. BTC is still way below its Bollinger Bands Middle Band Basis 20 Period SMA. Note that both the Lower Band and Middle Band are pointing downwards and the Upper Band is pointing upwards but we may see the Upper Band curve and start moving downwards. At the moment of typing this, BTC has found some resistance from its 78.60% Trend-Based Fib Extension Level. At the moment BTC has found some support from its Descending Pitchfork Median Line. The Black Horizontal Trend-line at around $17,588 is a crucial level to watch. Looking at the Average Directional Index (ADX DI) we can see that The Trend Strength is Strong with the ADX (Orange Line) at 30.19 still above its 9 Period EMA (Black Line) at 24.70. Negative Momentum is slightly downwards with the -DI (Red Line) at 38.57 and Positive Momentum is also sideways within a range with the +DI (Green Line) at 12.18. From my opinion, if you are waiting to go long with BTC/USD for the Mid to Longterm, i would air on the side of caution at the moment because i still believe that £12K is a huge possibility especially with inflation increasing to help pay back the trillions of $ and billions £ printed during the covid pandemic to prop up the stock market. Mid to Longterm, we need to see a successful weekly close ABOVE the 78.60% Trend-Based Fib Extension level, the P Wave as well as the 200MA with a successful strong re-test as support on this 1 week timeframe. A successful close ABOVE the LSMA and successful re-test as support will also be a good sign of potential renewed Mid to Long-term upwards momentum. As usual, BTC needs to get back ABOVE and CLOSE a weekly candle ABOVE its BB Middle Band Basis. Until we see all of the above, then Mid to Longterm wise, it’s sideways within a range at best or downwards at worst. Again this is all just my opinion so please do your own research as its your money. I hope this is helpful with your Trading and Hodl-ing.
BITSTAMP:BTCUSD
by TradingThroughTheLens
2
Corn: Pitch forks at playContinuous Corn – Weekly: Up trending vs Down trending Pitchforks – Continued from 6/2/22… Up until two weeks ago it appeared that cash corn was going to follow the green bars up with the up trending pitchfork. The July/Sep inverse was a big challenge and the move lower just killed the chance for the continuous chart to maintain upward momentum. Currently the Sep corn leading the continuous chart and is looking for support against the median line in the 6.00 to 6.08 area. If we can catch a bounce look for resistance against the lower level blue line up into the upper level red line. Retracements in the 7.00 to 7.50 area will match up against the pitchfork resistance zones. Below the median line offers support around the 5.45 area
CBOT:ZC1!
by mtb1980
BTC, ETH, CEL, DOGE, SOL, ICP I want to see BTC Start the new week candle slightly above or around $22,300. What I am looking for going into this Sunday's candle for BTC and what I want to see in these other coins for places to enter. I also looked at some other things regarding these coins. Probably not that useful for the things that have already happen for people that do not use my indicators to trade, but as always to those that do it is pretty straight forward and simple.
BITFINEX:BTCUSD
by TrendLINEBoys
BTC Comprehensive UpdateYes, this is a 20 minute video. But I speak quickly. This Idea is meant to be watched as a video. If you do not watch the video and only read below, you will not get much from this idea or may get the wrong idea. Overall I have been short (Not in market) since the reversal in the stock market on April 5th and 6th. I go over all this in the video and I talk fast. So there is a lot of information to see. I don't want to put investment strategy short, because I don't really want to say that where the price currently is, is a good spot to short. It seems odd to too heavily before any non crypto markets are open, but after they closed for the weekend. Considering the market was pretty obviously bear on Thursday and Friday. Possible targets if we drop below 28k and have some bad price action are then to around 26.9k and most likely between 22.35k and 23.3k. For me to feel bullish on BTC I would have to see several things. It is too complicated to explain without showing the chart, but I mention it in the video. It is worth the watch. I reference the most important things that I look at to determine bitcoin price movement. Based on the Schiff pitchfork, It looks like the lack of movement in BTC is actually distribution and that we have failed to hold the key channel (Jun 1st). We also had a hard rejection of the top of the current channel on Jun 6th. If you have any questions feel free to leave them below.
BITFINEX:BTCUSD
by TrendLINEBoys