Trust the Cloud Model
Trust the Cloud Model! Yesterday afternoon both of our short term support levels, the Median Line of the Schiff Modified Pitchfork (gold dotted line) and the Kijun Span (green line) were violated. This led to a quick tes...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Trust the Cloud Model! Yesterday afternoon both of our short term support levels, the Median Line of the Schiff Modified Pitchfork (gold dotted line) and the Kijun Span (green line) were violated. This led to a quick test of key Cloud support and support at the Lower Parallel of the Schiff Modified Pitchfork (gold P1-P3). The pivot higher from the Lower Parallel validates the Pitchfork version we selected as it still contains the time and price vector of the constructive advance. Only a break below the Cloud and TDST Support at 4,385 would suggest a deeper corrective phase was unfolding.
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
Bitcoin (BTC) Price Prediction: BTC Turns $79K into Support as Risk-On Signal Points to Fresh Rally Toward $100K
The move has also coincided with a shift in Glassnode’s Bitcoin Vector framework. The proprietary model moved into a Risk-On regim...
Bitcoin News: BTC to Gold Ratio Hits 18 as Both Assets Rally
Bitcoin now buys 18 ounces of gold, the highest reading on that ratio since January, and it’s climbing while both assets rally tog...
Fidelity says Bitcoin can appreciate without taking market share from gold
Bitcoin's growth potential lies in its unique attributes and macroeconomic factors, offering diversification without gold's declin...
The Stablecoin in the Headlines Is Not the Stablecoin I Know
When you scroll through the financial news these days, you meet one stablecoin. The articles describe a digital dollar, a boring t...
Year-End Bitcoin Price Bets Get Wild as 11 AI Models Target up to $105K
Over the last week, bitcoin’s price has been trading between $76,200 to $82,100, and market sentiment has been far more bullish. B...
Offchain Labs and Solana co-founders spar over whether Robinhood Chain’s fee model is feature or bug
The debate highlights differing blockchain economic models, impacting user costs and potentially influencing future blockchain inf...