On Blonde, dizziness is a common sensation. If all these twists and turns left observers feeling dizzy, well, isn’t that exactly how Ocean wanted it? Apple Music, meanwhile, unveiled a different Blonde, its tracklist featuring slight modifications. The title was stylized in accompanying art as the masculine blond - a grammatical tweak that gave the LP, intriguingly, two genders at once. #PITCHFORK CHANNEL ORANGE REVIEW FULL#A day later, pop-up stores opened across the country, stocked with copies of Ocean’s Boys Don’t Cry, a glossy zine full of poems, photos of hot cars and hot boys and, affixed to one of its pages, a CD containing an album called Blonde. The link between music and visuals was impressionistic at best, but the subtext was clear: Ocean is a craftsman, and craftsmanship requires patience. That feed gave way to Endless, a short film posted online in which dreamlike half-songs soundtracked footage cut together from the workshop sessions. It began in earnest in early August, after a string of blown deadlines and teasingly cryptic Tumblr posts: Ocean’s site crackled to life with a bare-bones video stream capturing him in a workshop, wordlessly and methodically constructing what gradually revealed itself as a staircase. #PITCHFORK CHANNEL ORANGE REVIEW SERIES#So it’s only fitting that the roll-out for his new album, upon us at last, unfolded as a series of riddles, unpredictable detours and winks. He made his name, after all, by dodging tidy categorization, confounding expectation and disobeying prevailing rules of genre and sexuality. Content is educational and should not be considered investment advice.įeatured image from iStockPhoto, Charts from TradingView.Even before Frank Ocean fell quiet for the better part of four years, leaving a legion of fans to wonder when - if? - he’d ever muster a follow-up to his stunning 2012 debut, Channel Orange, the New Orleans-born pop savant was one of music’s most elusive figures. With Bitcoin price holding the key mid-point once again, the next direction should be a touch of the top of the channel.įollow on Twitter or via the TonyTradesBTC Telegram. Losing the line in 2018 prompted the plummet to the bear market bottom, and before that was the last leg up during the last bull run. It acted as support in January and February 2021, then resistance in May and June. Related Reading | New To Bitcoin? Learn To Trade With The NewsBTC Trading Course!įurther validating the line the cryptocurrency is holding at, it also stopped the 2019 rally in its tracks. During this cycle, the top of this pitchfork channel was never touched, but the bottom was on Black Thursday. In the chart above, Bitcoin price is holding above the all-important 0.5 Fib – which happened to be the launchpad to the last bull market’s peak. What’s interesting about the pitchfork channel, is that each major line drawn is a Fibonacci level. The tool is used subjectively, but when properly drawn can provide the framework for predicting future price movements. Drawing the tool involves staking the pitch at a certain point, and stretching it across price action to fit certain trend pivots. Pitchforks are usually associated with farming or angry mobs, but certain technical analysis tools also take such a name. Pitchfork Tool Could Pin-Point Last Dip Before Bull Peak The cryptocurrency has fallen hard, but is holding at a key mid-point of a massive pitchfork channel. Related Reading | Bitcoin Price Bloodbath: Is El Salvador A “Sell The News” Event?ĭuring a day that was supposed to celebrate the game-changing crypto asset that gave birth to an entire industry of digital assets, it was instead a day of destruction.īitcoin price fell by 20% on some platforms, or as much as $10,000 in a single day from local highs around $52,000. Cryptocurrency adoption is happening unlike ever before. Pictures of signs at major brands like Starbucks and McDonald’s adorned with Bitcoin logos have made rounds across social media. The country of El Salvador this week rolled out its law allowing Bitcoin as legal tender. Bears are taking an “I told ya so” tone all over social media, pointing to early 2018’s “dead cat bounce” as evidence of the bear market to come.īut according to a pitchfork channel tool drawn across important pivot points in Bitcoin price action, this flash crash could have been the last dip ever before the last leg up, the top is in, and the real bear market is here. After this week’s flash crash in Bitcoin and altcoins, sentiment is back to being bearish just like that.
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