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Pitchforks

📈Bitcoin weekly prediction, 40K or 32K?📉 BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. If the price of Bitcoin stays above Bollinger midline, Bitcoin can continue the bullish scenario up to the target of 39K-40K. This week, the price of Bitcoin is in a stabilization trend and has lost its upward momentum at the level of 38 thousand dollars. (in yellow). The Bitcoin Dominance chart is in a 5-day time frame, and according to the formed pattern, it is expected to decrease to the specified area. On the other side, Dominance Tether (Weekly TF) has hit an important support line, and the probability of its upside has increased. All in all, in my opinion, until the price of Bitcoin falls below the support of the yellow line, there is a possibility that it will rise to test the level of $40,000. But if the price loses the red support line, then the $32,000 area will be a strong support for Bitcoin in a 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
📈Bitcoin weekly prediction, 40K or 32.5?📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. If the price of Bitcoin stays above Bollinger midline, Bitcoin can continue the bullish scenario up to the target of FWB:39K -40K. In this week, bitcoin price breaks the ascending channel (in yellow). Overall, in my opinion, as long as the price of Bitcoin does not fall below the red-line support, there is a possibility that it will go higher. But if the price loses the support, the level of 31,700 to 30,200 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.🍾🤑
Long
by CrazyS
5
Gold fighting up?a new pitchfork has shown up and the price is moving in its lower channel in a relative strong uptrend. However regarding to FRS hawkish statements a break from 1980 to 1970 or even 1962.30 is still not impossible. However, more probable idea is continuing the uptrend to 1990>>>1993.33. After that 2000 and 2009.41 will make problems. On the other hand, the time analysis of pitchfork shows that the price should probably touch the middle line of the fork until 4.December. It would be very nice of you to share your Ideas in comments.
PEPPERSTONE:XAUUSDLong
by Alikhosravi1986
Why I Buy MacDonalds With Both HandsMCD tanked impressively lately. I had no clue why. Then I checked the News, which I very rarely do. There was one article that made absolutely no sense to me: "Concerns about weight-loss drugs: There are some concerns that the growing popularity of weight-loss drugs, such as Ozempic and Wegovy, could take away demand from food companies like McDonald's." To me, this writer has inverse Logic. Why? Because if I would love the (crappy) MCD Food, and I could just take a Pill and loose weight, I would probably eat more at MCD. However, I buy with both hands since MCD is a the Center-Line of this Pull-Back Fork, as soon I have some indication. (Heads Up: Earnings ahead!) And remember: You can buy, even when you sell (...hint: Puts). It's the Buffet way. If price close in the money at end of DTE, you got the Put's premium, AND the Stock for a way cheaper price. If price is closing out of the money after DTE, you keep the premium....double Whopper §8-) Away for a healthy Burger at $MyOneKitchen.
NYSE:MCDLong
by Tr8dingN3rd
2
Is Bitcoin Rally Losing Steam?Bitcoin is in week 21 of a weekly cycle, this is a point where price usually finds a top. The indicators are stretched in an overbought territory, recent rallies higher have only built negative divergence on RSI and TSI, price is facing rejection at 0.618 fib level of the Pitchfork. Another interesting thing to note is that in bitcoin rally we need to see bitcoin miners outperform the asset however the bitcoin miner counters remain depressed with most in a failed weekly cycle. The bitcoin miner prices are at a level when bitcoin price was $24,900. Either the miners know bitcoin must tumble or they are suppressed while big money positions itself. I would place higher probability on Bitcoin tumbling.
BITSTAMP:BTCUSDShort
by runyamhere
📈Bitcoin weekly prediction, 23K or 30K?📉BINANCE:BTCUSDT COINBASE:BTCUSD Hello dear traders. If the price of Bitcoin stays above Bollinger midline, Bitcoin can continue the bullish scenario up to the target of $28,000 and then around $30,000. In this week, bitcoin price continues to move in an ascending channel (in yellow). ]f the price breaks the Bollinger midline, 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 Bollinger midline, 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.🍾🤑
by CrazyS
4