This is a major pattern I know for a long time.
Wash & Rinse, push back again to scare the week hands and then take off in the opposite side again.
I post this chart as a "empty" chart on purpose. And I will follow up with the market included.
Just step back a bit from your screen and soak it in.
Then analyse the follow up charts.
This will be a wonderful...
Hello guys,
Bitcoin Create beautiful C-fork pattern .
and if it can not break the resistance it will go to the major support and bounce there.
keep your eyes on and be careful on your trades.
Chubashov Forks are really useful and widely unknown.
In this case, the fork is saying BTC is going to fall about 5% to 0.618 as you can see on the chart. I'll update this if it hits the target in the next hours or so.
Ethreum has now entered into the accending channel now at the 3,100 price level. It is now rejecting the perfect middle/center of the channel, meaning the TA is working.
RSI is overpriced therefore a pullback is normal.
BTC has broken the 42,000 lvl and we saw a good run in the Alt space.
Ethereum continues to burn 150-180 ETH per hour, bringing positive...
Ethereum is attempting to enter back into the acceding channel. Update made a positive move.
Watch out for rejection from this level as we are Over Priced on the RSI and hitting the trend line.
Eth was able to break the 2,500 Lvl unlike BTC having trouble taking 42,000.
We really want BTC to break 42,000 and hold to see good gains in ETH and Alts.
This update...
Based on the long wick on the bottom of the current candle, ETH has tremendous buying pressure below the now broken resistance of $2600. A quick look at BTC and its consolidation below its resistance gives ETH a golden opportunity to make stronger moves. When BTC finally ends its bull flag formation it singlehandedly will bring all altcoins up with it, it is a...
Band bounce from trendline. Break the smaller, dashed cyan line for first C-Fork.
May top out at C-Fork origin point or at Higher TF C-Fork line.
Will add more upon breaking Higher TF C-Fork and move stop just below it.
TA explained
C-Fork long setup for BTC. Waiting for the pullback of the broken descending trendline to get the trade activated. Entry range is covering Fib 0.382 to 0.786 levels, so we can expect at least the upper entry to get hit.
SL is placed below the latest low. If prices reaches there again, the new local upward trend (HH --> HL) would be invalidated. The...
TA explained
C-Fork long setup for BTC. Price made a huge drop two weeks ago after which a bounce happened followed by some consolidation. First trendline was broken and after that a higher low was created.
Second top was created which serves as the connection point for the fork line of the C-Fork. After the rejection a new higher low was formed followed by a...
Super clean setup. Qtum had one of the largest capitulations vs BTC. Now reclaimed support, above the Yearly P, retested R3 monthly + Volume Profile PoC and it looks very nice and steady. Old coins have been doing well and their trend is very clear. IOTA, ZEN, NEO, EOS, BCH, LTC, DOGE, SC and that could continue for some time. Lots of layer 1 protocols, most are...
BCD looks pretty strong here. BCD is still one of the actively traded forks along with some other Bitcoin forks which have been going down for quite some time. But BCH has started doing well and overall forks could follow BCH as it goes up due to its Paypal + Venmo listings. BTG has done extremely well, so why wouldn't BCD do well too. The structure looks very...
