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Pitchforks

Intel (INTC) ... A Confluence of Positive PatternsA suggestion for those looking to establish a long INTC position. 1) Intel has traced out a bullish Butterfly pattern going back to November of 2020. 2) Price action has taken it to a Pitchfork bottom. 3) Within this is a Bullish Black Swan Harmonic. 4) My momentum indicator suggests near price exhaustion to the down side No guarantees of success but I am looking to establish a long position. I need a sign of a clear reversal both in the broader markets and for INTC. A breach of $39.19 will probably be my INTC price entry trigger. Upside price targets are indicated. Not investment advice do your own due diligence and pay attention to the broader markets and interest rate trends. Good Luck S.
NASDAQ:INTCLong
by Steve666
2
BTC/USD - 1 day chart analysisLooking at the BTC/USD daily chart we can see that BTC is still under its Least Squares Moving Average as well as still under its Bollinger Bands Middle Band Basis 20 Period SMA. Note that we have expansion of the Lower Bollinger Band. BTC is still in a Descending Pitchfork Pattern and has found some support from its Upper Green Pitchfork Support Line. Note that BTC is still above the Descending pitchfork Median Line. A drop to the Pitchfork Median Line would take BTC to around $20,000 which is new its 0.786 Trend-Based Fib level at around $20,122. I have added various Support Lines on this chart and you can see the major Descending trend-line that BTC must CLOSE ABOVE and if needs be to successfully re-test as support on this 1 day timeframe. There are more support lines i could add but the chart would become too messy. Looking at the Trend-Based-Fib Extension we can see that BTC is still under its 0.5 Trend-Based Fib level around $30,352. Looking at the Volume Profile Visible Range (VPVR) we can see areas of interest that that might arise that has previously had massive volume. These levels coincide with the Support and Resistance Lines that I’ve added. The Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range is at around $19,112. I have added a Volume Profile Fixed Range (VPFR) indicator which is from 27th Mar 22 to 11th June 22 and as you can see BTC is still below its Volume Profile Fixed Range Point of Control (VPFR POC) for that fixed range. Here is a closer look at this 1 day chart. Looking at the Moving Average Convergence Divergence (MACD) we can see that the MACD Line (Blue Line) is still in the Negative Zone under the 0.0 Base Line on this 1 day chart. Note that it looks like the MACD Line (Blue Line) may cross back under its Signal Line (Orange Line) creating a Sell Signal for this indicator on this 1 day timeframe. Looking at the Average Directional Index (ADX DI) we can see that Negative Momentum has increased with the -DI (Red Line) rising to 25.39 and Positive Momentum has dropped with the +DI (Green Line) dropping to 15.50. Note that the Trend Strength is now turning sideways with the ADX (Orange Line) at 24.18 and the 9 Period EMA (Black Line) is heading downwards at 34.37. If the ADX (Orange Line) crosses back above the 9 Period EMA (Black Line) then that will be further strength for the downside if the -DI (Red Line) is still above the +DI (Green Line) on this 1 day timeframe. All in all looking at this 1 day chart mid-term wise BTC shows no sign of breaking to the upside just yet. Look like there will be continued opportunities to acquire your crypto of choice at bargain prices. I hope this chart is helpful with your Trading and Hodl-ing.
BITSTAMP:BTCUSD
by TradingThroughTheLens
4
AVGO 481Timeframe: Multi-month swing Last week AVGO retested and rejected the weekly 10MA yet again and sold off rather quickly. I'm targeting price to eventually make it to 481 over the next month or two. For the last 3 weeks we have yet to get above the golden zone around 594-598. We have also yet to close above the weekly 10MA for 10 weeks. How to play this? • I'll be looking for price to cross 539.72 to signal that AVGO would like to go lower in the coming weeks. If price never crosses below that level this week then we can play the upside. • Once the trigger hits I would be getting in to take it to 531. Trigger (539.72) then reversal plan: • I would look for a bearish reversal pattern on the daily around 558 and 562 to take it short. Things to look out for: • Be aware that price can cross 539 this week, reverse to 558, and then reverse again the following week. • Short term I could see some upside retracement to 558-562 to retest last week's price area. There is very strong supply at this level as it is the bottom of the VWAP (from April 2022). This means a lot of folks are holding the bag and they might be anxious to get out at that level. Short Invalidation/Bullish: Short invalidation area is at 576.27. At that point I would take it up to 583, 594 then 598 (golden fibs).
NASDAQ:AVGOShort
by GammaRayGoated
1
Block - Look at my embarrassment! Blocked ShotsWow, I am proud to say that I'm a believer in Block block heading me into a hole right now. 🕳️ I use Cash App and that cute little wallet on my android, which by the way, is very helpful when you need to deposit cash that you aquire and need to deposit without your bank. For example, I deposited 240$ into my Cash app wallet at the Dollar General. They scan a cute bar code thing and do some register button pushing and boom, deposited cash. Hopefully your clerk is as hipster as mine was. Anyway, I definitely bought this stock way up there in the 200$ area. So, I'm definitely sharpening a knife, more like a Katana, while this keeps falling. Oh gee, I wonder if the Bitcoin thing is working out for Block right now. I heard, you can buy a burger king Sammy and get points to buy some cute vans or something. But, I'm mostly trading pennies with the cash app wallet, and watching trends. It's neat to be able to open a wallet and just peep some news and stock trends like Block's giant gash in my ego. There are only three choices for this strategy and holding long is probably the better one.
NYSE:XYZLong
by m3ggriff
2
XRPeePee Golden ShowersThat was a pretty gnarley selloff and came earlier than hoped but if you had at least one short bag then maybe you added some stablecoinage to your nut on the cover bounce? but obviously not UST. These are treacherous time for crypto speculation and the dark pool whales have plenty of muscle to shake most weak hands from their stash. Some things to consider as we look at this most recent inflection point, evidenced by both adjacent bottom and top wicks : 1. They want us out, obvi 2. Flash wicks still put our beloved XRP at risk of a return to the 20 cent days (and lower) so be really careful with stops (either really tight or super loose) 3. Some simple TA shows we've got big overhead with the VPFR around the $0.75 level 4. We're waaaay below our EMA's (50, 200) 5. Plans to fix UST could precipitate more selling 6. Volume on this bounce is average, not impressive like adjacent dump (coordinated institutional sharting) Our plan here is to continue scalping (short and long) while adding to the long bags all the way down (buy when the blood is your own). We've got a fixed short bag to hedge against major owns (usually between 20% and 40% during bear cycles. * * * not investment advice * * * Stay frosty my dudes (and steer clear of salty BTC permabulls) Box
by FudBox
VIX withing the Andrews Pitchfork Framework pointing NorthThis is a reverse Andrews Pitchfork. The A Point is higher than the C Point. The Andrews Pitchfork is a tool, nothing more or less. This tool, applied correctly, projects the most probable path of price. So nothing magic or secret. The Andrews Pitchfork roots from a physical basis. And that's the reason why we can apply it on EVERYTHING that fluctuates. So, if you think it just works on Stocks or Futures, or any other money based product, you are missing out a very important point. However, in this chart, we see what's going on, trying to filter out some noise using the Line Chart. This is the exact same approach of analysis I'l do with every other product. I want to see a CIB = change in behavior. I want to see a SMACK! like momentum., followed by a scary one that follows ( confuse the crowd!). Here we have it picture perfect. Probably it's not by accident, because the VIX is a measurement of volatility = fluctuation (...of fear and greed). My personal (attention:) OPINION (...since I don't have a crystal bowl), based on the Andrews Rules and my analysis is, that we shoot higher, at least to the Center-Line. Means, markets would tank. Hopefully this helps you too, and awakens your interest in applying the Andrews Pitchfork to your trading. T'care out there - be clever and risk small. The rest will come. #LearnToEarn
TVC:VIXLong
by Tr8dingN3rd
1
Ethereum 4HBINANCE:ETHUSDT COINBASE:ETHUSD There are two scenarios in Ethereum, based on Bitcoin and market trends : We should expect a price pullback towards the pitchfork's midline if the price can be supported in the 4-hour time frame above the red rectangle. Above the red rectangle, at the level of 1725.91, is the best entry point for the long position. The best stop-loss level for a long position is below 1618. The anticipation of a lower price will rise if the price cannot be supported above the red rectangle. Up to the level of 1725.91, the ideal spot for the short position is in the red rectangle. The best stop-loss level for a short position is above 1773.02 It should be remembered that a long position carries a higher risk. If you like what we've come up with, tell your friends about it. Thanks CrazyS.
by CrazyS
NVDA SHORTNASDAQ:NVDA Nvidia 30m Timeframe Bearish Divergence + RSI Bearish Swing Rejection (Not Pictured) - Ichimoku Cloud sell signals triggered. Price has fallen out of the green pitchfork while putting in a Head & Shoulders pattern, within a larger H&S pattern. I'm expecting price to drop here, at the very least to my T1 level or T2 level notated by the green and yellow trigger lines. My greedy target is T3-Red oval, which is the median line of a larger pitchfork on the daily timeframe. I've set this as a potential target because price never retested this line before continuing higher. If price were to drop sharply, that median line (red oval) would be a likely support area. I'm already short NVDA as of Monday, I'll be adding to my short once price breaks the white trigger line support. Stop-Loss set at the peak of the right shoulder around $193.50
NASDAQ:NVDAShort
by Cousin_Fat_Fat
11
GreyScale BitCoin Trust (GBTC) I have never has any interest in Bitcoin nor its derivatives. I like the technology but believe we are still in its early days. That is not to say however I don't follow it. One equity way to position a Bitcoin view is with GreyScale Bitcoin Trust. So currently on a weekly basis there there are two current bullish harmonic Patterns in play ... A Gartley and a Black Swan. Additionally there is also evidence of a bullish Wolfe Wave in play which I have marked with a time and a target. Our final inspection shows an upsloping Andrews Pitchfork which is also has been marked. IMHO this technical analysis evidence suggests we have formed or in the process of forming a significant bottom. That said, I will watch an comment on its progress. BTC may have one final push down to the $23,000 so my game plan is to enter an established GTBC rally just under the $23 level with a stop at approximately $the $17 level. My target is around the $34 level. If it works out that's good.. This is educational investment advice. Do your own due diligence and respect market trends and conditions which as any student of the crypto space can change rapidly . See you in September. S.
G
by Steve666
2