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Pitchforktrading

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
BTC TradingFriends, this is bitcoin analysis based on pitchfork Bitcoin came out of its purple upward pitchfork, hitting the first resistance line in the middle of the blue pitchfork If it crosses this resistance, it will have two resistors , 200-day weekly moving at 25300 and the middle line of dark descending pichfork at approximately 22600 to 23000, which may be the end of the descending C wave, but if it wants to drop more, the lower lines of the descending pitchfork with Black color is our resistance Now, in order to return to the uptrend, Bitcoin must first return to the purple pitchfork and then exit the descending black pitchfork. BINANCE:BTCUSDT COINBASE:BTCUSDT
by mohammadjokardarzi
2
BTCUSDTThe price has exactly turned back from pitchfork point (almost 40.5), as well as the uptrend green pitchfork lowest line. Looks like we lose blue pitchfork's main line and strong support . This means we haven't reached a point of upward movement yet. As far as I know, that's not good🤨. next stop is second line of blue pitchfork . The red line is my expectation. Markets are affected by many elements, so do not rely solely on technical analysis; technical analysis is only 48%
by CaptainHadd0ck
LUNA - Short Setup PossibilityLuna has broke through the frok it's been rolling inside, this is a change of behaviour, the better part is that it's clearly pullbacked to it, this is one other fork rule that if a line is valid and is broken, then it should pull-back to it and there you go we have it. Now we are stuck in an Energy Coil which seems to be forming, i expect a peak to the upside to the energy point to fill the upper short orders to at least the last swing low which is 98.595 and then come back to the fork, if this happens we can then wait for a retest of ML and get short to the Lower paralel, if that didn't happen and we broke though the coil from down-side and then if we had a reasonable market structure to put our stop, then we can get short along the way to the MLH. I hope this helps you Ask me any questions if you have any
Short
by AmirRX
BTC - What Now?Currently there are only 2 forks in play, the smaller one which captured the price and seems to have the right frequency as of now and the bigger blue one which done the same too except the blue one has already proven it's validity 2 times which makes it powerful. Currently what we expect is that the price reaches it's median line with 80% of probability which is not a low change which makes me think that beside all the good news and bull stuff about btc this seems a little odd as a technical view, so i still don't have confidence about this and this gets verified only if the 40473.5 level gets broken ( something like the last line of defense ) then from a time perspective we can say the energy point is created at 20th April which is probably the place where the price is headed which is around 36900~37000 ish and that's a dip if you ask me + we have a demand zone down there too ( actually demand zones works once only so don't really relay on that one if you ask me ) i'll be watching the price to see what happens hope this gave you an overview of what is happening Thanks for your time
by AmirRX
BTC - What's btc doing now?The top that we marked actually worked and reversed the price okay what now? Short answer not so clear, but there are few ideas around it: as you can see the frequency seems to have changed to the pink fork which is a short term and one of my favorite types of forks, but this kinds of fork are not so valid not until we see the Median line so no trades here but we can have a good indication of where might be heading the first 2 guesses are those energy points that i marked but when? only if we get below 41700. There is a failure strategy of pink fork which should be confirmed, how? when the fork retraces to a fib level the size of the fork it self, it should bounce of it and never get to median line, only then the price can travel upto 1.272 / 1.618 of fib extentions, this retracement usually happens at 0.618 which is a close one to 41700. long story short if we keep breaking lows (which is what's happening right now which the low seems to have been broken), as pitchfork probability says, we can goto Median line low with 80% probability and it's the best DIP that can happen, why? since the fork voilated the median line and broke through it, the chances that the price can bounce of the Lower paralel line are so high so have that in mind if that happened. I'll update ya soon if something catches my eye Good day to you all!
by AmirRX
✅Bitcoin – I am going to open LONG Hello my friends, today I want to talk with you about BTCUSDT chart At this moment price already trades above of support line after tested I think price will go up to the sliding parallel resistance for now the scenario seems more logical. So be ready for such scenario. lets see Enjoy the market This is an article, not financial advice, always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment, thank you
Long
by ZAKNOGO
8
LINK - What can happen to it?As a long term view, i cannot say with high probability what's going on but there is a energy point in view and a triangle created in between that area that can be a price target, there's no clear area of support or resistant in that area that fits perfectly but the best shot would be 19.522 since it's a valid swing high and must be broken if we want to see higher prices in future. The swing has created an energy point too but not as valid as the next one since it has confluence with other pivots on the chart as well two bigger picture forks which one of them is a strong valid one and the other one isn't confirmed yet BUT we use it as confluence not for trade to summerize, we can watch for 20.800 which is a round number too, to get short OR use it as a take profit target. Have nice day Ask me any questions you might have
by AmirRX
✅ Don't miss the great buy opportunity in MATICUSDT Hello my friends, today I want to talk with you about maticusdt chart price zoomed the resistance and trades above it now price come back and tested it and closing with good separation that's mean there's buyers in this area volume profile confirms it through analysis my analysis I still think that price will continue to grow to our target for now the bull scenario seems more logical. So be ready for such scenario. lets see Enjoy the market This is an article, not financial advice, always do your own research. If you have any questions, you can write it in comments below, and I will answer them. And please don't forget to support this idea with your like and comment, thank you.
MLong
by ZAKNOGO
Fantom, is it ready? not so sureSo, it's still not clear what fantom is about to do but there's some idea about what i think can be possible: If you are planning to invest in it, i'm probably not LONG not until 2.078 or 2.153 is broken, ask me why? that's clear, that's an area between 2 major swing highs, when a price cannot peneterate through it's swing high then it's not bullish Current'y we have a very nice fitting sloped organe line which seems to be capturing price so well that i cannot deny it it comes at a confluence both resistant (which is a fresh one and just flipped from support and it's the first touch ever) and the top of the down-trending channel so you have at lease 3 type of trades on your side if you are short The fork in force seems to be the green one, but it's doomed to fail if the swing high is not broken, if that breaks you can relay on the green for to catch the next move on MLL (Median Line Low) but it seems that the fork in foce can be the blue one, it's not confirmed and is not ready to trade still, you can wait for the red lines to break, those are not major swings but they are inportant enough so you can detect a change in the behaviour In addition, if the orange and channel broke, look for the Red fork, it can capture the price but not very trusted. Feel free to ask me any question about the analysis Thanks for your time
by AmirRX
ADA, still in a down-trendI don't have a long term idea for ADA right now but i can give you a short term one. Here we have an expanding triangle which is forming well but haven't finished yet, we don't really expect it but it gives us a clear idea of what price might do. as we, pitchfork traders, are always looking to trade with an active slope but many of you guys might have noticed trading with just one fork is throwing money in the trash and you may end up losing more than winning so instead of doing that, we are trying to find a valid fork in here this triangle gives up 2 promising forks, the blue one is a simple one with A inside BC ( This kinds of forks have a higher probability of capturing the price ) and we have a green one which is a modified schiff fork. in here we have a confluence point of 2 forks crossing + a very nice and clean horizental line crossing from A point of the triangle. as the long term aspect , ADA hasn't broken a swing for use that we can surely say it changed it's behaviour so we are still short. my idea is that we can go short with the down sloped fork to the median line. who knows maybe the blue fork breaks and the price goes to the swing and breaks it BUT ONLY THEN i will be looking to go long but not now. Hope this helps you, ask me any question if you have any Thanks for you time.
Short
by AmirRX