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Pitchforktrading

GOOG - Why a 25% drop Is lurking in Google StockSometimes live can be simple. This trade is simple to me. Let's examine it: 1. Over all Indexes are not favoring the long side. 2. Price reached the Center line and get pushed back. 3. The Divergence in the RSI is significant. ...and the rest is Risk & Money management. My stop goes a couple points above the last high. But I probably play it with Options and give me at least 100 days to expiry (DTE). Simple enough? §8-) Happy trading folks.
NASDAQ:GOOGShort
by Tr8dingN3rd
HBAR 7:1 Long Swing Trade @ Below Accumulation PricesA few of my thoughts about Hedera Hashgraph and its near term price action are charted here, which I hope you will challenge with tough questions. After all, these ideas of mine are meant to arouse the reverse-engineers and to provoke the thinkers to do what they do best. As always, I strive to render them so obviously as to require no words. Nevertheless, HBAR has been at these attractive prices (+/- $ 0.50) for an eerily long time, considering the rally that has taken place this year for Bitcoin and several of the other "usual suspects" that lack utility and/or user-facing marketing campaigns. Currently, the 7:1 Long trade is merely one of many setups that are coming into focus as the ongoing accumulation phase comes to an end. Although my trading strategy is built on innate Pattern Recognition and a hard-won sympathy for the Market Maker’s Business Model, my tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION. As always, it must be noted that harmonic patterns are NOT confirmed until the D-point prints, ergo trading the CD leg is especially risky, and requires real-world context not available on the naked chart ... ergo DYOR. In this case, the Median line of a Pitchfork generated by the completed bullish reversal pattern (Green M) also marks the A-point of the currently forming bearish reversal pattern (Red W). Furthermore, the 2.718 Fibonacci extension of that pitchfork implies a time estimate for completion of the current pattern. Keen observers will note that the Long trade idea on display does NOT extend as far as the D-point, but instead has its profit target the 2nd Standard Deviation of the VWAP generated by the A-point, where price may be expected to roll over. I intend to publish a more comprehensive video surveying the current swing trade setups and medium term opportunities in crypto projects, although it must be admitted that there aren't many. First, though, I have a few more ideas to upload as I update other key charts for the final Quarter of 2023. Until then, be liquid !!!
BINANCE:HBARUSDLong
by TheLeadingIndicator
4
📈Bitcoin weekly prediction, 23K or 31K?📉BINANCE:BTCUSDT COINBASE:BTCUSD As we specified in the previous analysis, Bitcoin's movements were limited in the green structure that was specified in the previous analytical idea. For this reason, the price started to fall from the level of 28 thousand dollars and could not stabilize at higher levels. Why? Because at that time there was no catalyst to stabilize the price. I expected the price to receive this catalyst after reaching the September 1-3 time zone, but the sentiment remains negative for Bitcoin. In this week, bitcoin price continues to move in an ascending channel (in yellow). The news around Bitcoin makes it more likely that the Bitcoin ETF will be approved. As the probability of ETF approval increases, the green path and the bullish scenario will strengthen. On the other side, if the price breaks the yellow channel from the bottom and behaves indifferent to the red fork structure, there is a possibility that the price will go down to the yellow area. Overall, in my opinion, as long as the price of Bitcoin does not fall below the $23,000 level, there is a possibility that it will go higher. But if the price loses the yellow zone and the support of $23,000, the level of 22,500 to 21,500 will be a strong support for Bitcoin in the bearish scenario. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
Short
by CrazyS
4
FRHC - Freedom Holding Corp Topping.I read about Freedom Holding Corp in the recent Hindenburg Research paper. It sounded quite alarming, but I was considering ignoring the report for an hour and focusing on my chart analysis. Here's my analysis: First of all, this stock appears to resemble one of those Pump & Dump scams. However, let's take a closer look at the chart facts: THE FORK ...indicates that a climax might be imminent. The price has just reached the Upper-Medianline-Parallel, and the rejection is evident from the candle's wick as of today. It's important to note that this is a monthly chart, and we still have a few days to go! ZERO TO FIVE COUNT Even the 0-5 Count suggests a potential 5-High, implying that the peak might have been reached, and a reversal could be on the horizon. DIVERGENCE DIVERGENCE Yes, there are two divergences, and they are quite significant! THE SHARK CANDLE You might hear a whisper of "...come in, the water is fine" when observing the volume and upward movement in this month's candle. But be cautious – this whisper could be the sharks luring the guppies, only to devour them later. You could end up becoming a feast of "Fish & Chips" §8-) By now, you probably understand my thoughts and potential plan. I'm leaning towards a short position, but I won't let greed cloud my judgment. This will just be another trade, even though the chart analysis is aligned with Hindenburg Research's findings. I'll allocate my usual 1% - 2% of my stake for this trade. My aim is to make money, not to become a hero. I intend to continue profiting over the next 20 years (assuming I survive these tumultuous times). Always remember that markets can remain irrational longer than you can remain solvent. So, why not savor a good trade and find contentment in a piece of the pie? §8-)
NASDAQ:FRHCShort
by Tr8dingN3rd
S&P500 -ES has reached the Top for now.This is my 100% believe, that the S&P500 has reached at least a temporary high. From here we will go down, at least to the dashed WL (Warning Line). We had the Open & Close below the Lower Medianline Parallel. But price couldn't reach the WL. So, that means we had a HAGOPIAN cooking. A HAGOPIAN means, that price will go further in the opposite direction than from where price came. And this rule was right. SP500 was going up like there is no tomorrow. Just stupid buying all the way. Today it found it's wall, banging it's had on the Lower Medianline Parallel. This was the first Test. As we know, price can create multiple tests before dropping down. I was observing price action the last couple weeks and it was Insanity at it's best. Be it from Algos or HFT's, I don't care. I just follow my rules and currently they say: <<< IT's OVA >>> So, I follow my Medianline/Fork Rules and I'm Short. The target is as of my rules, the next Line, which is the Warning Line. Interestingly it's also where price intersects with the bigger (Green) Pendulum Swing Fork. Let's have a Christmas experience §8-)
CME_MINI:ES1!Short
by Tr8dingN3rd
JD - Washing The Stops Out First?A follower asked to chart JD.com And since it's Sunday and I'm sipping my fresh brewed coffee from my "La Pavoni" Espresso Machine, I have time to help out a buddy in the Trading Space. Here we go: The Monthly (Daily will follow below) Chart is nice and orderly. It has a good Base. And we also see where the last bunch of buyers where from 2019 to 2020. JD had it's shiny days when it went up to P0. From there the clouds began to darken. It was, and still is on the path down to a potential P5, which is not achieved yet. So, that would mean a break of the Base? Yes! But, what about the Last Real Buyers (Green Box)? Put it in perspective. These old buyers had the Job to not let the Stock go down anymore, but to encourage the CROWD to buy more. Big boys where already loaded there... Any other ideas why a break of the Base and a Wash of the Stop/Loss orders could happen? Yes. 1. If I where one of the Whales who's behind JD.com, I would want to buy low and sell high. So, my advice to the Market Maker would be to take out all the Stop/Loss orders, sitting below the Base. Throw the final Max. Pain to all HODLERs of JD and prove their bravery. And then, when everyone and their Mothers throw the towel, I would pick them all up...of course for a very low price. Please, if you have JD in your portfolio, don't hate me for this. I just throw out my thoughts and tell about my experience. I love you §8-) Is there more...? Sure: 2. The Fork The red Pitchfork projects the most probable path of price. That's the nature of the Andrews Pitchfork. And it does it very well as we see. Until price has climbed above the U-MLH (The Upper-Medianline-Parallel) there is absolutely no intention that JD will start to stop from falling. So there we have it. Can we build a plan to buy out of this information? Why not: Wait for the wash. Wait for something important that shouts in your face. Then start to gather the facts together that give you many good reasons to buy JD for the long term and make a killing in the next Pump. For example: 1. Wash is over 2. Price climbed above the Base again 3. Price is above the U-MLH 4. The earth did not end despite the climate activists predicting it for the 48th time and the Christmas Tree didn't burn down last year §8-) Wish you all a happy Sunday and - Go get your free ForkTrading-BLUEPRINT on my website. T8N3
NASDAQ:JDShort
by Tr8dingN3rd
9
📈EURUSD 4H deadly analysis📉FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD Hello Traders, please check out my previous ideas. Just don't forget to risk-free your position when it reached the determined targets. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑 CrazyS✌
Short
by CrazyS
1
📈Bitcoin, right time for a bullish rally? 📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders Continuing our analysis of Bitcoin, the price is trying to use its support level within the fork structure to start a bullish rally. In the next few days, Bitcoin is expected to return to the $31,000 range if it holds above the indicated areas (29600-29800). If the price breaks below the mentioned areas, botcoin will drop to the level of 28,460 and then 26,500. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
Long
by CrazyS
COIN IS LOOKING RED HOT!If it can close a 4 hr candle above 85.65 resistance this is going to fly to 95+ $NASDAQ:COIN. You can see COIN is pushing up now 3rd time is a charm. AlsI have also noticed that if you set your pitchforks in the right place there is usually big ole FVG between the upper and lower 0.25 and the red median lines. Price tends to move quickly through this area on the pitchfork. Plus you have news catalysts like Black Rock announcing they are using Coinbase services to support their ETF.
NASDAQ:COINLong
by pasenner23
1
📈Bitcoin looking for a retest, 32K then 35K📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders, after a break, I'm back with my daily analyses of the cryptocurrency and forex market. Welcome to the second season of my technical analyses. At this stage, I will be shareing my short-term and medium-term positions on Bitcoin, Ethereum, XAUUSD, EURUSD, and the DXY Index with you. ✌💥If you are satisfied with my analytical content, please share my ideas💥✌ ✍🐱‍👤Otherwise, make sure you leave comments and let me know what you think.🐱‍👤✍ 🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
Long
by CrazyS
6
Quick analysis on MARKDear Qatari investors, you can notice with me on the chart that the price on MARK kept breaking down through the pitchfork levels and it's about to break through the 1 level. Instead of putting you money in it, invest it in the other stocks where you will make profit instead of holding on loss. My customers and I on the accounts I manage have got in some markets the past two weeks where we could make 10%. So please instead of losing your money, get a good consultaion and invest in the right markets.
QSE:MARKLong
by YassineAnalysis
Quick analysis on QIGDGood afternoon dear Qatari traders, I'll be posting some analysis concerning the local stocks I get asked about a lot these past days. Starting with QIGD, too many people have entered in a level they shouldn't have buy in and now they're stuck in it since they lost too much and want to recover at least 50% of their money. You can see on the chart that there's no chance to buy QIGD since it kept going down and broke through the 1 level of the pitchfork heading to the 1.5 level. Please before you put your money in a certain market make sure to get a good consultation.
QSE:QIGDLong
by YassineAnalysis
AUD:SGD Inverse Head & shoulders, Macro long, +47% TargetMacro change in AUD vs SGD, golden pocket reacted nicely for a higher low & beginning of up move for the right shoulder of the inverse head and shoulder. There are 3 decent trades here: Inverse H&S, Algo and pitchfork reversion. looking for a pullback for an easy entry with tight stop but could also enter here for a decent R:R Key points: Reversion to the mean @ +22% - 7.3R with 80% probability as long as the pivot holds. target increases the longer it takes to hit. Algo target @ +22% - 7.3R Trade to the neckline @ +10% - 3.3R Inverse head and shoulders target @ +47% 15.3R Waiting for a retrace and local 0.618 enables tighter stops and a much better R:R The trade: Entry 1: here - 0.91949 Entry 2: after a local retrace, enter @ 0.168fib Entry 3 once inverse H&S has confirmed enter on the re-test of neckline Target 1: neckline ~ $1.02 Target 2: Algo $1.12621 Target 3: Inverse H&S $1.35258 Stop 1: 0.89144 - below local 0.65fib, move up until local high is established Stop 2: after breakout, monthly close below neckline - may give a better exit on a retest fro below neckline Risk management: position should risk no more than 2% of account balance for a drawdown. If given the opportunity with additional .618 retracements add to position & move stop to new .707. Take profit at targets and re enter on pullbacks. D.Y.O.R. DO NOT BLINDLY TAKE THESE TRADES. Never Trust. Verify. PLEASE DO YOUR OWN ANALYSIS. This is not financial advice. These are just my observations. Technical Analysis is not about being right, it's about increasing your odds. Be prepared to be wrong. Risk management is key. Capital preservation above all else.
Long
by TribeWriter666
Is this Woo-Woo? Absolutely, it is. Get in here.I've not been doing a lot of technical analysis, but I really don't even need to keep up with it! I just come back every few months or years and check out my pitchforks. They're always giving me such an interesting perspective into the market. If my pitchforks align with my love for Wyckoff Cycles (forextraininggroup.com), I trade those. Today, for no reason, I added a little fib fan. I also added some grey boxes which were informed by various fib projections where I think the price action will be a knife fight. I added some red boxes where I lose total interest in a long position. I think the chart speaks for itself! Enjoy.
AMEX:SLVLong
by DonjonCapital
SOL, at major levelhey guys today i'm here with a sol analysis that just came to my eyes, the schiff fork could not hold the trend very well and that's fine since it will now indicate a broken hagopian line that can lead price to marked levels, this is still not confirmed since we are at pullback level of a broken support zone which is now resistance and it's just the first touch, BUT if it breaks the targets are not out of range and can be easily reached, keep an eye on solona :) have great time trading!
Long
by TheCryptoFork