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Schiff Pitchfork

Eos, in a life or death situation?There is no bias for the token but there are conditions that could be the journey to the hell we have a broken Schiff level that has been pull backed to it (according to schiff fork stuff the line that is broken must be pulled back) but orders on a line could not last for ever and will weaken the line so that's one way to think of a bull market ahead we also have a bullish head & shoulder pattern which adds more to the bullish aspect of the area but there is something strange here, the price has pulled back to it's 0.618 fib level and could not get through it + we have an area which is just broken and can act as a strong resistance AND more importantly we have a YEARLY (Yes it has held the price for almost 345 days) is broken and a nice pull-back has occurred at this area What do you guys think?
by AmirRX
VeChain - 1 day chart updateNote that VeChain (VET) is still in a longterm uptrend. Using the Ichimoku Cloud settings of 20,60,120,30, but note I’m only using the cloud portion, we can clearly see that VET is still in the Bullish Zone of the Ichimoku Cloud. VET is BELOW is Bollinger Bands Middle Band Basis 20 period SMA. Note that the Upper and Lower Bollinger Bands are starting to contract and pinch inwards. Looking at the Schiff Pitchfork Pattern (A,B,C), note that VET is still ABOVE its Schiff Pitchfork Median Line. A continuation of daily closes ABOVE this level is absolutely crucial. VET is BELOW its Least Squares Moving Average (LSMA) for this 1d timeframe. A close below the LSMA is a potential sell signal for this indicator, so be on the lookout for when VET crosses & closes back above the LSMA. VET is back ABOVE its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 10 daily candles that i have selected. VET is still ABOVE its Volume Profile Visible Range Point of Control (VPVR POC) for this chart's visible range. The Average Directional Index (ADX DI) is indicating the trend strength has dropped with the ADX (Orange Line) at 22.08 and is below its 9 Period EMA (Black line) which is at 25.17. The +DI (Green Line) has dropped to 17.90 but is still above its -DI (Red Line) which has also dropped to 17.11. This indicates Positive Momentum is still stronger than Negative Momentum on this 1d timeframe. Note that both the -DI (Red Line) and +DI (Green Line) have now turned sideways. The OnBalanceVolume (OBV) is indicating momentum is sideways at the moment. Note that the OBV (Blue Line) is back ABOVE its 9 Period EMA (Orange Line) indicating a strengthening of positive momentum. Fist port of call is for VET to cross and CLOSE back ABOVE its BB Middle Band Basis and LSMA on this 1d timeframe. So long as BTC behaves herself and continues closing above the daily chart 50EMA then we may see a more sideways ranging with VET before the next move up. Hopefully now with the release of POA2.0 well see VeChain eventually added onto more exchanges that will help dampen any Binance BTC Longs Futures liquidations. I hope this is helpful with your trading and hodl-ing. Notes: Bollinger Bands = Grey Bands on chart LSMA = Black squiggly line on chart VPFR POC = Short horizontal red line on chart VPVR POC = Long horizontal red line on chart Trend-lines = Ascending & Descending dashed black lines.
BINANCE:VETUSD
by entertheroach
1
BTC - Potential Price Prediction/Education using Ichimoku = $94KLet’s have a look at the BTC 1d chart using the Ichimoku Cloud system with the 20,60,120,30 settings. Note that BTC is still in the Bullish Zone of the Ichimoku Cloud System. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid point of the short-term momentum is sideways at the moment. The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid point of the mid-term momentum is sideways at the moment. Note that the Conversion Line (Tenkan Sen) is still above the Base Line (Kijun Sen) on this 1d timeframe. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating that momentum at the moment is upwards. It’s important to note that the Lagging Span (Chikou Span) is still safely ABOVE the price from 30 Period ago. Note that BTC is still above its Conversion Line (Tenkan Sen) on this 1d timeframe. A daily close back ABOVE this level will be crucial for continued upwards momentum. Note that the Ichimoku Cloud Leading Span A (Senkou Span A) and Leading Span B (Senkou Span B) are both moving sideways. Using the Ichimoku Wave Analysis we could possibly be witnessing an N WAVE (A,B,C,D) on this 1d timeframe. Using the Ichimoku Price Analysis, there are 4 calculations that can be used for POTENTIAL price targets, those are V, E, N and NT. For this chart I’m using E Calculation. If C is the bottom, we can take the pips or range from A to B, add that to B & that give us our target D, which is a price range target of around $94,000 give or take. Note that we need a successful break ABOVE the B neckline of the E pattern! This is absolutely crucial for this E Calculation predication to become true. If BTC cannot break above the B Neckline, then this predication will turn out to be false. This Calculation is called E because as you can see, it’s in the shape of an E ;-). A few other notes: At the momentum of typing this, BTC is above its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. BTC is back above its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 9 daily candle that i have selected. A daily candle CLOSE back ABOVE this level is crucial. Note that Volume has increased and both yesterday and today’s Volume Bars are back ABOVE its 20 Period Moving Average. I have added a Schiff Pitchfork Pattern (1,2,3), as you can clearly see, BTC found strong support from its Schiff Pitchfork Median Line. At the moment of typing this, BTC is back above its Upper Yellow Support Line and found some resistance from its Upper Green Resistance Line. For many of you, this will be the first time that you've seen the Ichimoku Wave and Price analysis so i hope you enjoyed it, the Ichimoku Kinko Hyo or Ichimoku Cloud is a complete trading system, it is so much more than just the Cloud Indicator, it has its own Timespan, Wave and Price Theory which i will plan to go more in-depth on in a later post if people are interested. I decided to do something different tonight and introduce a tiny bit of Ichimoku Kinko Hyo Wave and Price Theory so I hope this quick chart is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
9
BTC : Schiff PitchforkPitchforks create a type of trend channel. The trend is considered active as long as the price stays within the channel. Reversals occur when price breaks out of the channel. There is a center median line ( trend line ), as well as sets of lines above and below that median line. The additional lines are set a specified number of standard deviations away from the median. Each individual line represents a support/resistance level. Note the way that price action interacts with the various lines : Pitchforks can help establish key support/resistance levels! These levels can be used in conjunction with active price action monitoring to help identify trend continuations/reversals while trading. // Durbtrade
BITSTAMP:BTCUSD
by Durbtrade
2
BCH looking for a new bearish move?As you can see, the fork indicating last 1 move is broken and the current valid one is a schiff fork which is used to estimate possible S/R levels on the corrective move, the move seems to have extended so as i could say we need a complete ABC before a new bearsh move could go, i might be wrong and the price follows the long term previous trend-line that is drawn in white, but i expect it to go as high as 0.5 fib level and drop to schiff warning line if the price goes beyong upper warning line, the analysis is wrong.
by AmirRX
SPX is INSANE!! . . annnd Slightly Overbought?I mainly trade crypto but after having seen some parity with Bitcoin and SPX, I figured I'd drop this and see what comes back up. Would love to hear feedback on it but my general sentiments are that this thing looks toppy as H E Double Hockeystick!! I recently saw that margin debt is at an all time high, stocks as a % of household financial assets is also at an all time high and the Buffet indicator of composite value to GDP was about 90% higher than the long term trend of "fair valuation" which would be closer to 120% vs. the current 230% as of a recent reading. DYOR of course and don't take this as investment or financial advice but man, I'd be taking some off the table and putting it into something a bit more tangible. Good luck! “All models are wrong, but some are useful.” ~ George E.P. Box
SP:SPX
by FudBox
Bitcoin at a turning point [EN-US]Daily Graph NVT (Network Value to Transaction) indicator This indicator describes the relationship between volume of transfers and market capitalization. It is also described as the price/earnings ratio of cryptocurrencies. The calculation is done by dividing the network value by the daily volume. At the moment, we can verify an indefinite moment. A good bullish indicator would be to break resistance (blue dotted line), and stay above 75. Accumulated Volume Percent This volume indicator works similarly to OBV, except that it puts weight on volumes according to intraday volatility. You can see a resistance on the dotted line at 5. Breaking up would be a bullish signal. Breaking below zero would be a bearish signal. Simple Moving Average of 365 periods Moving averages are great tools for plotting possible supports and resistances. As we can see, the 365-day average is holding the price. If it is broken, it is a warning sign for a bearish move. Schiff's Fork Schiff's fork demonstrates the projection of Bitcoin price in the last periods, since May/2021. If the price breaks the upper limit, it could be a bullish signal. Watch out for false breakouts. Corona Day Support The red dotted line is a support traced from March/2020. If this line is broken, watch out for a Bear Market. Bearish channel The bearish channel, highlighted in orange, is another important indication. Watch out if the price breaks the resistance or support of this channel. * Follow your own risk management * Past profitability is no guarantee of future profitability
INDEX:BTCUSD
by andre_007
BTC - 4hr Chart UpdateBTC 4hr update: BTC is above its Bollinger Bands Middle Band Basis 20 Period SMA. BTC is above its Volume Profile Visible Range VPVR Point of Control (POC) for this charts visible range. BTC is above its Volume Profile Fixed Range VPFR Point of Control (POC) for the fixed range i have selected. Volume is relatively Low for this 4hr Volume Bar & the Volume Bar is below its Volume 20 Period Moving Average (Orange Line) so we may see a drop back to the VPFR POC. BTC is above its Schiff Pitchfork (A,B,C) Median Line. BTC is still within its huge sideways channel (Parallel White Lines). The Moving Average Convergence Divergence (MACD) is indicating theta the MACD Line (Blue Line) has crossed back above the 0.0 level indicating that a 12 Period EMA has crossed back over a 26 Period EMA on this 4hr chart indicating bullish momentum for this 4hr timeframe. Note that the green Histogram has lightened indicating a weakening of bullish momentum at the moment. The Average Directional Index (ADX DI) is showing that the +DI (Green Line) is at 21.94 and has crossed back above the -DI (Red Line) which is at 12.12. This indicates that positive momentum is now stronger then negative momentum for this 4hr timeframe. The Trend is a strong positive trend with the ADX (Yellow Line) is at 21.86 above the 20 Threshold (Dashed Line) and above its 9 Period EMA (White Line) which is at 20.37. The Chaikin Money Flow (CMF) is indicating strong accumulation with the CMF (Green Line) reaching 0.37 but now dropping to 0.29 on this 4hr chart. Notice that the CMF (Green Line) has dropped back under its Least Squares Moving Average (LSMA) which is at 0.34 so we may see a lessening of upwards pressure before the next leg up. When someone tweets, burps or farts “BTC will drop to sub $20K”, you have to ask yourself, is that a possibility? The answer is “yes” but rather then sh*t your pants, you have to set levels which will be a form of confirmation to you that such a drop might happen. My confirmation was the WEEKLY 50EMA. Remember that i stated many times before, “so long as BTC keeps closing WEEKLY candles ABOVE the WEEKLY 50EMA, then sub $20K will not happen”. Now, there is always a possibly an asset can produce a very big Wick upwards or downwards, but REMEMBER, its where the candle CLOSES that counts. and BTC never closed a WEEKLY candle BELOW the WEEKLY 50EMA. And that’s that. I hope this is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSDLong
by entertheroach
4
BTC - Quick daily chart updateVery quick BTC daily chart update: BTC is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1D timeframe. Note that at the moment, the Bollinger Bands Upper and Lower Bands are NOT extending outwards for this 1D timeframe. The Upper and Lower Bands extending outwards means increased volatility. BTC is below its Schiff Pitchfork (A,B,C) Median Line. BTC needs to eventually close a daily candle above this level. At the moment of typing this, BTC is below its Volume Profile Visible Range VPVR Point of Control (POC) for this chart range. At the moment of typing this, BTC is below its Volume Profile Fixed Range VPFR Point of Control (POC) for the range i have selected. Note that Volume is still relatively low for this 1D timeframe and the Daily Volume Bar is still below its Volume 20 Period MA. BTC has found some support from its Schiff Pitchfork (A,B,C) Lower Yellow Support Line. Note that BTC has bounced off this support line twice before on this 1D chart. This is a crucial level to CLOSE a daily candle above. Note that the 50MA is getting really close to the 200MA. If you don’t know, It is called a death cross if the 50MA crosses below the 200MA. Now for the good news…….. BTC is still above its Weekly 50EMA. The weekly 50EMA is the one to watch, even if the death cross happens on the daily, from my perspective that is not the end game, the weekly 50EMA is the deciding factor for me. If BTC keeps CLOSING WEEKLY candles ABOVE the WEEKLY 50EMA then all will BE WELL and we’ll just see sideways ranging within a range until the next run up. If BTC CLOSES a WEEKLY candle BELOW the WEEKLY 50EMA, then all will NOT BE WELL for BTC. Remember that BTC wicked 3 times below the WEEKLY 50EMA but did not close below it! If your longterm, its where the candle closes that’s important, not where it wicks to. I hope this is helpful with your trading and hodl-ing.
BITSTAMP:BTCUSD
by entertheroach
4
BTC : Modified Schiff PitchforkPitchforks create a type of trend channel. The trend is considered active as long as the price stays within the channel. Reversals occur when price breaks out of the channel. There is a center median line (trend line), as well as sets of lines above and below that median line. The additional lines are set a specified number of standard deviations away from the median... in this example, the additional lines are derived from the numbers 0.25, 0.382, 0.5, 0.618, 0.75, and 1. Each individual line represents a support/resistance level. Note the way that price action interacts with the various lines : Lastly, here are multiple modified schiff pitchfork channels applied : // Durbtrade
BITSTAMP:BTCUSD
by Durbtrade
10
Schiff's trident and Variant Trident, Guide Part 15Schiff's trident and Variant Trident After Schiff presented his work to Andrews, Andrews suggested a small modification. Practically, the work of this trident derives from displacing the principles of the trident half the vertical distance and half the horizontal distance between the largest and the minimum as shown in the previous graphic. The early fork is now at the midpoint of the blue trend line drawn between the high point and the low point. Therefore, to draw the modified Shiff's trident, the following method is used: Set the A and B aspects of the trident (same as standard Shiff's trident). Mark the highest and lowest of the current upward or downward trend of the market. To establish C (origin of the pitchfork), we move the principles half the vertical distance between the highest and the lowest and half the horizontal distance between the same points of view. This point will give us C, corresponding to the midpoint of the present trend. From here, we draw the pitchfork following the standard method in the same way as shown in the following image. To apply it, it is as simple as doing the following: Maximum: First we get the maximum. Then the minimum point after this. Finally the Maximum Point of this Minimum Point. In bearish case. Now in a bullish case it is the same but in reverse. Minima: First we get the minimum. Then the maximum point after this. Finally the Minimum Point of this Maximum Point. In Bullish case. Then we have the Modified Version that places this automatically. So that you save the issue of placing it yourself. Either way. It will place it automatically. Try it. Schiff's Trident Variant or Modified. It is quite good for if you are new to try it in your own way as you practice and it is automatic.
COINBASE:BTCUSDEducation
by UnknownUnicorn18500526
4
ADA - Quick 4hr chart updateQuick ADA 4hr chart update: ADA is back in the Bullish Zone of the Ichimoku Cloud. ADA is above its Volume Point of Control (POC) for this visible range. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is sideways. The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is upwards. The Ichimoku Cloud Lagging Span (Chimkou Span) is indicating momentum is sideways with a slight slope downwards but be aware that it is a fast reaction indicator. The Ichimoku Cloud Leading Span A (Senkou Span A) is moving upwards indicating we may get a Kum1 Twist where the Leading Span A (Senkou Span A) crosses back above the Leading Span B (Senkou Span B) creating a new green cloud which indicates bullish confirmation. The Chaikin Money Flow (CMF) is indicating accumulation has risen with the CMF Line at 0.11. ADA is in a Schiff Pitchfork Pattern (A,B,C), ADA has attempted to get back above the Schiff Pitchfork Median Line and has found support from the Leading Span B (Senkou Span B) cloud support so we may see another attempt at getting above the Schiff Pitchfork Median Line. During the last few weeks, ADA has proven to be very resilient and also recovered from the dip way faster then most other cryptos. I hope this is helpful with your trading and hodl-ing.
BINANCE:ADAUSDLong
by entertheroach
7
ADA - What dip would like with that Madam?ADA 4hr Chart update At the moment of typing this, the price is back above its Schiff Pitchfork Median Line. ADA needs to close a 4hr candle above this level and turn it into strong support. ADA is in the Bearish Zone of the Ichimoku Cloud for this timeframe. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating short-term momentum is downwards. ADA needs to eventually close a 4hr candle above this level and turn it into strong support. The Ichimoku Cloud Base Line (Kijun Sen) is indicating mid-term momentum is sideways. ADA needs to eventually close a 4hr candle above this level and turn it into strong support. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating momentum is downwards and the tip is under the price from 30 periods ago & is inside the Equilibrium Zone. ADA needs to cross back above into the Equilibrium Zone and turn the Leading Span B (Senkou Span B) into strong support to then attempt to get over the Leading Span A (Senkou Span A) resistance and turn it into strong support so it can continue upwards in the Bullish Zone. The Chaikin Money Flow (CMF) is indicating a sharp rise in accumulation with the CMF at 0.23. The Average Directional Index Directional Movement System (ADX DI) is indicating negative momentum is strong with the -DI (Red Line) at 37.6 above its +DI (Green Line) at 11.6. The ADX (Yellow Line) is at 32.6 above its 9 Period EMA (Black Line) which is at 27.5. I haven’t added it to this chart but ADA is below its Bollinger Bands Middle Band Basis which is a 20 Period SMA. ADA needs to close a 4hr candle above this level and turn it into strong support. I hope this is helpful with your trading and hodl-ing 🔥🚀🌍🌔🪐🛸👽 So is this the end? Nah. The news & media will have you believe that this is the end, but do a little digging & you’ll notice that crypto is becoming more and more mainstream everyday and even companies like Wells Fargo are going through the motions to bring Crypto to their rich clients. We should expect more drops like this in the foreseeable future because it doesn’t take much to control the direction of crypto market & these drops will be what the market makers want to happen to accumulate millions & billions in a single day. Also i thought China had banned crypto wayyyy back in 2019 🤷‍♂️ maybe everyone else forgot 🤣. This was a massive shakeout but its certainly not the end and as i keep saying, we are still very early and this is not 2017/2018 retail investor speculation! This is the market maker big boys trying to make you sh*t your pants and lose your wife's life savings. If I would've panic sold earlier at the bottom, i'd be kicking myself in the bollox right now because i would've lost out on my accumulation and would've ended up with less coins. 👍 Also well done if you managed to buy ADA back around $1.01 👍
BINANCE:ADAUSDLong
by entertheroach
1
ETH is coming for the crownSo, as you can see, since ~20th of Feb, we've entered and, for the most part, stayed within the Pitchfork channels the entire time. Only exceptions being a few of our four hr candle wicks busting thru the support beams at the bottom, but they always closed above. Now, we are at the top resistance line of the last channel. Separately, there is a new channel that we have broken into (pink and green trendlines) more recently, when we started hitting ATHs daily, and sometimes multiple times per day, with ETH. Following up the chart, you'll see the cyan and pink horizontal support and resistance levels we are currently using, and finally, circled in yellow: where I believe ETH is going to be forced to make a big move. Indicators show, to my knowledge - which is dubious at best 🤤 ***this is not financial advice*** - that we are going up. However, both ETH and BTC it seems are due for a correction, so, possibly this is it coming up soon. Regardless of which way the candles go, always have stops and takes set. Or else you'll get rekt. And then, what was the fucking point?? Good luck! (Check chart on daily as well for more confirmation with these indicators)
COINBASE:ETHUSDLong
by DeepPuddles666