This chart illustrates Bitcoins performance vs. the US30 stock index.
In many ways it resembles the BTCUSD chart, which supports the idea that there is a correlation between US equities and Bitcoin price.
A key difference obviously is that if BTC were to go flat while stock prices climbed, the "price" on this chart would drop as BTCUSD was being outperformed...
We’re at the end of an eleven month pattern where Bitcoin has continued to disappoint and shed bullish sentiment.
I expect the chart is self explanatory. The lower highs and higher lows will meet each other this holiday season and, with that, cause Bitcoin to learn what it is and how it will be for the next six to twenty six months.
There is no insight I could...
This GBPCAD just shows again how the charts are ruled by fibonacci and how precise the new paradigm trading is. Every swing high and swing low today hit the Pitchforks to the pip with no drawdown at all. I love it and in combination with the harmonic scanner it makes it a lot easier.
Doesnt even matter if there are economic news or not, move still starts and...
Sorry for not being too active, preparing for travels. Some nice touches on UJ. All you need is one of these trades a week to make a decent balance increase. Learn the new paradigm, put in some effort now to trade like everyone else dreams of later.
Education only, not giving signals here. You want to know how its done hit me up with private message.
Waited for price to break entry line and 2 pip pullback after all rules met = Divergence, Bollinger Bands, and below 30 on RSI. Nice easy 14 pips total I closed half at the 15% target. Much easier to look at on 1M chart after all rules are met will post that in the comments since it will not let me publish as an idea waiting for the wave 2 bounce with divergence...
Here we have a nice example of an EP, what we look for to enter a trade.
The yellow fork is a tradtional andrews and a charly delta as taught by my mentor. the purple fork is based of the UP, when extending it into the past we can observe some nice hits.
The EP formed so far, gave a nice 1:4 risk reward and we will see where price takes us next.
Pitchfork of XA
Point C hit the Upper Parallel to the pip and then moved down to create point D of the entire scanner.
Possible Quickfire trade at Point D and then the CD-X traditional Pitchfork for more trades
Today i was able to take advantage of a Pitchfork thats 30 days old, just to show the power of these things. The green PF is based of a scan that most traders regard as over or no longer relevant. The INS line as per usual daily S?R line.
This is/was a setup of 1:17 Risk reward so far.
well here is the proof that this is...
On this chart I drew the forks on the main swings, as i was looking at the chart all this fibonacci wooowooo became clearer and clearerer.... btw we looove the wooowooo.
You are probably looking at some of these fib values and wondering where they come from or if I just made them up to suit me. NO!
My mentor backtested all of these over 15 years and thousands...