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Pitchforks

Elliott wave analysis for NAS100.28187.2 held as support on 17 July, consistent with a diagonal (red ellipse). However, price action from that bounce does not appear impulsive, but rather a double three (W is zigzag, Y is regular flat). Given this development, I see two possible scenarios: 1) 28187.2 holds as support and price goes for a (c) wave towards 30000, or 2) 28187.2 breaks on volume and confirms that the red ellipse is a leading rather than an ending diagonal, suggesting price to go lower quickly, with targets including the median line of the pitchfork shown.
PEPPERSTONE:NAS100Short
by discobiscuit
LINK Price Climbs 4% as Whales Scoop Up $2.17M Worth of ChainlinChainlink (LINK) extended its weekly recovery on Wednesday, climbing more than 4% as investors returned to large-cap altcoins amid a broader crypto market rally. While Bitcoin and Ethereum provided the macro tailwind, LINK’s move appears to be backed by something stronger than market optimism. Fresh on-chain data shows record wallet growth, aggressive whale accumulation, and continued exchange outflows—three signals that often precede sustained upside when they align with improving technical structure. Whale Buys $2.17 Million Worth of LINK One of the biggest catalysts behind today’s price rally came from on-chain tracking platforms, which revealed that an anonymous whale accumulated approximately 273,793 LINK tokens, worth nearly $2.17 million, over the past two days at an average purchase price of around $7.94. The latest purchase reportedly occurred just minutes before the data surfaced, highlighting continued accumulation rather than a one-off transaction. On-chain flows further strengthen the bullish narrative. LINK recorded more than $6.6 million in net exchange outflows over the last 24 hours and nearly $50 million during the past week, suggesting investors are steadily moving tokens off centralized exchanges into self-custody. Historically, declining exchange balances are viewed as a sign of reduced near-term selling pressure. Chainlink Adoption Hits an All-Time High Beyond whale activity, Chainlink’s network fundamentals continue to strengthen despite months of muted price action. According to on-chain data, the number of non-empty LINK wallets has surpassed 900,000 for the first time, setting a new all-time high. More than 20,000 new wallets have been added over the past month even as LINK traded near local lows. The divergence between rising adoption and relatively subdued price performance suggests long-term investors have continued accumulating throughout the correction. Market analysts often view this type of accumulation phase as a constructive setup, particularly when network growth accelerates before price fully responds. LINK Price Analysis: Can Bulls Push Toward $10? LINK has staged a notable recovery after defending its long-term demand zone around $7.20-$7.40. The token has now reclaimed its short-term moving averages while breaking above a descending trendline that had capped price action since late May. Daily RSI has also climbed above 60, indicating strengthening bullish momentum without yet reaching overbought territory. LINK price outlook The next immediate resistance sits near $8.80-$9.00, where sellers previously rejected multiple recovery attempts. A decisive daily close above this region could accelerate buying momentum toward the psychological $10 level, followed by a stronger supply zone around $11.50-$12.00. However, failure to sustain above $8.20 may trigger a healthy retest of the breakout area before bulls attempt another move higher. What’s Next for Chainlink? Chainlink is increasingly showing signs that fundamentals are catching up with price action. Record wallet growth, multi-million-dollar whale purchases, and persistent exchange outflows suggest long-term conviction remains intact despite recent volatility. If broader crypto market sentiment stays supportive and LINK successfully clears the $9 resistance zone, the combination of improving technicals and strengthening on-chain metrics could pave the way for a larger recovery toward double-digit prices in the coming weeks.
OSL:LINKShort
by BTCbitONE
Expert Warns Pi Could Lose Top-100 Status Below $0.01Crypto expert Dr Altcoin has alleged that Pi Network is facing a supply crisis tied to a wave of token unlocks scheduled for the second half of 2026. According to the post, pioneers who locked their Pi for three years are now seeing large amounts of that supply released. Roughly 775.8 million Pi tokens are set to unlock between now and December 2026. That works out to an average of 129.3 million Pi tokens unlocked each month now. Dr Altcoin argued that a significant portion of this unlocked supply is likely to reach exchanges, adding further selling pressure to the market. Calls for the Pi Core Team to respond The post argued that no single announcement, ecosystem update, or exchange listing would be enough to stabilize price without the Pi Core Team directly addressing supply, demand, and liquidity concerns. It called for the team to publicly acknowledge the situation and discuss potential solutions with the community, framing continued silence as a failure of leadership. Proposed steps, according to the post Dr Altcoin outlined several measures that could be considered if the Core Team continues its current communication approach: Burning a substantial portion of remaining supply, potentially as much as 50%, drawing a comparison to Stellar’s historical token burn. Allowing major exchanges, including Binance and Coinbase, to list Pi. Introducing a transparent and verifiable buyback-and-burn mechanism. Price risk raised in the post The post also warned that if Pi falls below $0.01, it could lose its position among the top 100 cryptocurrencies by market cap, and that a sustained price decline could pressure the project financially, potentially forcing spending cuts or restructuring. Community reaction Replies to the post were mixed. Some users voiced support for the criticism, while others questioned Dr Altcoin’s own past promotional activity around Pi. Several replies echoed concerns about token distribution, with some users arguing that a small number of wallets, including the Core Team’s own holdings, control a disproportionate share of total supply. The Pi Core Team has not publicly responded to these specific allegations as of now. These claims reflect one crypto expert’s analysis and have not been independently verified.
OKX:PIUSDTLong
by BTCbitONE
Forecast: Bitcoin x 100, by 2029Bitcoin has now retraced back to the second downsloping channel, marked as “Windfall.” In essence, a Windfall is a wider version of a trend barrier, which I prefer over single trendlines because it gives price more structural context. In my framework, two consecutively broken Windfall barriers originating from the same region form one of the strongest bullish signals . When price later retraces back to the second broken barrier, I view that as a high-quality entry opportunity. We are currently at such a potential entry point. Price has also recently interacted with the orange support line. This line is essentially a modified lower Bollinger Band, set to 50 periods and slightly smoothed, with filtering applied to reduce the impact of extreme outlier moves. According to @EdgeTools, mean reversion after lower-band penetration produced statistically significant results, especially for long trades. See the related idea for more details. Although I use the modified lower Bollinger Band as a supporting signal within the entry framework, I do not use the Bollinger mean as my target. Instead, I am aiming for the center median line of the newly formed pitchfork. Because price history widens over time, pivot B had to be migrated to the left to preserve the proper slope of the median lines. If pivot C is correct, then price should have a statistical probability of around 80% of reaching the next median line. For the target level and maturity duration, I copied the initial impulse leg and projected it from point C. In my experience, price often tends to mimic the slope and flow of the first major action. On a lower timeframe, I also see the possibility of a pullback toward the local trend barrier, which could provide a more refined entry opportunity around 73,100 .
INDEX:BTCUSDLong
by mr.dmizer
1
FINNIFTY (1H)FINNIFTY (1H): Precision Demand Zone Rebound & Optimized Bull Call Spread 📈🎯 Description: "Analyzing the 1-Hour chart of the Nifty Financial Services Index (FINNIFTY), the market has structural convergence near a major demand floor after clearing lower liquidity. To capture this potential reversal while protecting our trading capital from overnight theta decay, we are setting up an optimized premium-hedged layout. Strategy Details & Execution: The Position (Bull Call Spread): Sell: 25,000 PE (In-the-Money base) Buy: 24,150 PE (Out-of-the-Money hedge) Upside Target: Expecting a strong technical rebound to test the immediate horizontal swing resistance around the 25,800+ area. Risk Management (Stop Loss): Capital preservation is mandatory. Consider the setup completely invalid if the price delivers a decisive hourly candle close below the primary swing low level (~24,858). 💡 Why Spread is Key in FINNIFTY: Financial stocks can exhibit sharp volatility spikes. By structuring a 1:1 or managed spread here, we lock in our maximum loss potential, ensuring peace of mind against sharp unexpected market pullbacks. 🔥 Let's dominate the financial index together! If you love this strategic hedging content, please HIT THE LIKE BUTTON and FOLLOW for daily institutional setups! Let me know your premium targets in the comments below."
NSE:CNXFINANCE
by gk_peacockwealth