Analysis - Black: D1 short fork (between the median and the upper parallel) and correction long speculative fork (near the median) - Red: H4 long fork (upper parallel) and previous week's levels - Orange: H1 long fork (upper parallel) and previous day's levels Next move - Purple: H1 trendlines - Blue: H1 levels to be retested
Hi everyone👋( Reading time less than 2 minutes ⏰). First, I must say that Bitcoin reacts well to 🍴 Pitchfork lines 🍴, so one of our criteria for support and resistance lines for Bitcoin can be Pitchfork lines in the daily time frame⏰. In theory, Bitcoin Elliott Waves completed its five impulse waves at a 🔴 heavy resistance zone($ 31,750-$ 28,140) 🔴. 📚 Teaching...
Analysis - Black: D1 short fork (between the median and the upper parallel) - Red: H4 long fork (fell but you have to pay attention to it) and previous week's levels - Orange: H1 long spaculative fork Next move - Purple: H1 trendlines - H1 levels to be retested is orange, H4 levels to be retested is red - Next move: If the H1 fork falls, short. But also, long
SPY reached double pitchfork resistance levels (2 different pitchfork lines intersecting close to the point where price reached), both on daily and weekly. RSI on weekly also reached a pitchfork resistance line. This gives a good probability that SPY will take a down turn soon.
Analysis - Black: D1 long fork (near the upper parallel) - Red: H4 long fork (near the upper parallel) and previous week's levels - Orange: H1 spaculative fork - Yellow: m15 spaculative fork Next move - Purple: H1 trendlines, target price is the top of the H4 and D1 fork - Blue: H1 levels to be retested Short move: Bounce back from the top of the D1 and H4...
Analysis - Black: D1 long fork (near the lower parallel) - Red: H4 long fork (upper parallel) and previous week's levels - Orange: There is no H1 fork - Yellow: There is no m15 fork Next move - Purple: H1 trendlines - Blue: H1 levels to be retested I expect high volatility thrashing.
Analysis - Black: D1 long fork (between the lower parallel and the median) - Red: H4 long fork (lower parallel) and previous week's levels - Orange: There is no H1 fork. Orange: H1 double tops and triple bottoms. - Yellow: m15 long fork (upper parallel) Next move - Purple: H1 trendlines, target price is the top of the m15 and H4 fork - Blue: H1 levels to be retested
Analysis - Black: D1 long fork (between the median and the upper parallel). A lateral, flat-like movement can be seen in the fork. - Red: H4 long speculative fork (near the lowe parellel) and previous week's levels - Orange: There is no H1 fork - Yellow: m15 long fork (near the median) Next move - Purple: H1 trendlines, target price is the top of the H1 and H4...
Analysis - Black: D1 long fork (near the upper parallel) - Red: H4 long fork (near the median) and previous week's levels - Orange: There is no H1 fork and double bottoms - Yellow: m15 long fork (upper parallel) Next move - Purple: H1 trendlines, target price is the top of the H1 and H4 fork - Blue: H1 levels to be retested (If the m15 fork falls)
Analysis - Black: D1 long fork (near the lower parallel) - Red: H4 long fork (near the median) and previous week's levels - Orange: There are no H1 fork and double bottoms - Yellow: m15 long fork (upper parallel) Next move - Purple: H1 trendlines, target price is the top of the H1 and H4 fork - Blue: H1 levels to be retested (If the m15 fork falls)
don't buy bitcoin the coming days under the center of gravity pitchfork
Analysis - Black: D1 long fork (near the upper parallel) - Red: H4 short fork (near the upper parallel) and previous week's levels - Orange: H1 long fork (upper parallel) Next move - Long trend, short correction - Purple: H1 trendlines - Blue: H1 levels to be retested
Analysis - Black: D1 long fork (near the lower parallel) - Red: H4 short fork (upper parallel) and previous week's levels - Orange: H1 long fork (median) Next move - Purple: H1 trendlines - Blue: H1 levels to be retested
Analysis - Black: D1 long fork (near the median) - Red: H4 long fork (upper parallel) and previous week's levels - Orange: H1 long fork (near the median) Next move - Purple: H1 trendlines - Blue: H1 levels to be retested
Analysis - Black: D1 long fork (near the upper parallel) - Red: H4 long fork (near the median) and previous week's levels - Orange: H1 long fork (near the median) and double bottoms - Yellow: m15 long fork (near the median) Next move - Purple: H1 trendlines - Blue: H1 levels to be retested
- Black: D1 long fork (median) - Red: H4 long fork (median) and previous week's levels - Orange: H1 long fork (near the median) and triple tops, bottoms - Yellow: m15 long fork (upper parallel) Next move - Purple: H1 trendlines - Blue: H1 levels to be retested