Pitchforks
more slide is coming till the starting of the Worldcup?crab harmonic pattern:
X=$0.382
A=$0.0002
AB=0.61 XA
BC=0.38 AB
0.78 BC=$0.015
0.88 BC=$0.018
1.13 BC=$0.027
1.6 BC=$0.064
0.78 XA=$0.077
2 BC=$0.125
0.88 XA=$0.163
2.24 BC=$0.19
2.6 BC=$0.36
1.13 XA=$1
3.6 BC=$2.1
1.27 XA=$2.92
4.23 BC=$6.2
1.41 XA=$8.2
1.6 XA=$38.92
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.
GMTUSDTPERP/BINANECThis is not sure for 80 % and do your search before you enter in this position and you can do with your money whatever you want to do dont forget to follow me. Go with 0X leverage and the stop loss is less than 2% so if this trade loss we will nit less so much but if this trade going right we will take so much
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.
SPY Scenarios - Red Pill / Blue PillAMEX:SPY
Spy Bull / Bear Scenarios
Red Pill = SPY continues dropping to the lower bound of the green fork. (Approximately the 345-350 level)
Blue Pill = SPY reverses higher to the median line of the white fork, with the potential to rally to the upper bounds of the white and/or green fork.
Lightning Bolt = Potential relief rally peak?
Let me know which scenario you think is more likely in the comments.
Long ShopifyNYSE:SHOP
Shopify dumped to a major support level.
Weekly MACD crossing up, Weekly MFI showing bullish divergence.
10/1 stock split coming on June 29th.
See AMZN prior to June 6th split. (27% rally)
I'm anticipating SHOP rallies here. (Perhaps to low $400s or $470)
I'm going long tomorrow on the market open.
I hope to hold the position until price exits the fork.
I'll be watching for this on daily and lower timeframes.
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.
end of the 2nd wave is nearcrab harmonic pattern:
X=$0.148
A=$0.00027
B=$0.0134
AB=0.61 XA
BC=0.38 AB
0.78 BC=$0.0097
0.88 BC=$0.0113
1.6 BC=$0.0331
0.78 XA=$0.0386
2 BC=$0.0581
0.88 XA=$0.0723
2.24 BC=$0.0827
2.6 BC=$0.144
1.13 XA=$0.33
3.6 BC=$0.627
1.27 XA=$0.815
4.23 BC=$1.55
1.41 XA=$1.94
1.6 XA=$7
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.
any price below $0.1 is the buying opportunitycrab harmonic pattern:
X=$2.18
AB=0.38 XA
BC=0.38 AB
1.6 BC=$0.0528
2 BC=$0.0738
2.24 BC=$0.0912
2.6 BC=$0.127
3.6 BC=$.0.306
0.78 XA=$0.496
4.23 BC=$0.528
0.88 XA=$0.991
1.13 XA=$5.35
1.27 XA=$14.28
1.41 XA=$37
1.6 XA=$156