Still not out of the Woods!
Both the longer term (gold P1-P3) and shorter term (violet P1-P3) Schiff Pitchfork have defined the vector of the 240-Min price/time price grid with the shorter term Schiff Pitchfork Upper Parallel and the upper flat of...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Both the longer term (gold P1-P3) and shorter term (violet P1-P3) Schiff Pitchfork have defined the vector of the 240-Min price/time price grid with the shorter term Schiff Pitchfork Upper Parallel and the upper flat of the Cloud capping the advance this AM (yellow circle) marking a slowing of upside price momentum reflected in both oscillators. Although the Kijun Span (green line) is holding as support and is keeping it from developing into a full blown short term reversal. Still a watch and wait scenario.
A complete multi time frame analysis will be available to paid subscribers tomorrow.
Why this matters
This research story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on The Market's CompassRelated market context
tZERO Brings Goldman Sachs’ $105 Billion Treasury Fund to Crypto Settlement Network Lynq
Crypto trading firms can now put idle cash into a Goldman Sachs Treasury money market fund through Lynq, a settlement network that...
Bitwise Head of Research: Sovereigns Selling Gold for Bitcoin | Ryan Rasmussen
Bitcoin Magazine Bitwise Head of Research: Sovereigns Selling Gold for Bitcoin | Ryan Rasmussen When Bitcoin fell from $125K to $6...
Bitcoin Price Prediction: Is the BTC Correction Over as It Defies September’s Red Trend?
Bitcoin price is near $83,100, a stable 24-hour movement after retreating from $87,400, and with its prediction still leaning bull...
Ethereum (ETH) Price Prediction: Coinbase Buying Picks Up as ETH Eyes a $2,720 Breakout
Ethereum price is consolidating near $2,680 as buyers attempt to maintain the recovery and push through the next resistance zone....
Ripple No Longer Member of BIS Cross-Border Payments Task Force
Ripple confirmed to Bitcoin.com News that it is no longer on a Bank for International Settlements (BIS) cross-border payments task...
At least one sovereign wealth fund sells gold to buy Bitcoin, Bitwise reports
The shift from gold to Bitcoin by a sovereign wealth fund signals growing institutional confidence in crypto as a reserve asset al...