LTCBTC Chart: Momental Lines Worth Heeding Last week, we discussed the subtleties between momental lines vs. channels. We also touched upon the relevance of the slope in terms of support/resistance longevity. Here is a chart that adds credence to this concept, where the channel lines are short-lived or unreliable, and the momental lines pick up relevance...
$BTCUSD - Next significant resistance = 929.50 | #bitcoin #USD
LTCBTC - Aftermath ... Not too shabby
DJIA - Weekly Chart: Channels And TG-1 = 17402, TG-Low = 4283 There is a multitude of channel interplays involved in the #DJIA, however, we decided to highlight but a few and defined significant levels of S/R. David Alcindor | 4xQuad.com
#LTCBTC Chart: Channel Interplays | #LTC #BTC #litecoin #bitcoin Traders, Worth looking at momental lines (i.e.: S/R lines that maintain a similar slope, or rate of price velocity across the chart - For instance, the blue line is able to maintain a parallel relevance at different points throughout the charts, thus defining a channel). The difference I draw...
Recent targets are officialy negated by recent reversal. Market for this relative strength chart expression of Litecoin vs. Bitcoin has turned from bullish to neutral with a bearish directional bias (i.e.: lacks the reversal confirmation signals in our system for the time being). David Alcindor | 4xQuad.com
$BTCUSD - TG-1 Hit Dead-On | 4xQuad.com | #bitcoin #USD #Gold See chart: 4xQ'ers, As of this hour, our primary target has been hit following an unusually tall candle (when compared to all recent ones). A secondary target remains pending at a level which we defined as imposing a significant overhead resistance. As we move into the week-end, this loftier...
BTCUSD vs. LTCBT - Chart:Relative Positions | #bitcoin #Litecoin One interesting observation that could be made when superimposing the line chart of #LTCBTC (dark line) over the candle chart of #BTCUSD is that: 1 - Both currencies have a near positive correlation in terms of market directions 2 - A close of BTCUSD above LTCBTC line is accompanied by a bullish...
#SPX - Chart Update - Bearish Start | #SPY #SP500 Friends of 4xQuad: Market starts out on a bearish foot - This long-term chart was submitted last week to highlight the interaction of support and resistance lines, which together have worked as channels, and influenced price at the points where they would interact mutually. So far, their influence remains...
LTCBTC - New Targets Friends of 4xQuad, Just released are two targets and a solid support referenced by the RED dashed line. Several technical events worth noting, most noticeably a positive divergence conjugated with a volume spike. These two events are multiplicative ... NOT random, hence our BULLISH targets. Cheers, David Alcindor | 4xQuad.com
LTCBTC - New Targets Friends of 4xQuad, Just released are two targets and a solid support referenced by the RED dashed line. Several technical events worth noting, most noticeably a positive divergence conjugated with a volume spike. These two events are multiplicative ... NOT random, hence our BULLISH targets. Cheers, David Alcindor | 4xQuad.com
LTCBTC - Target hit DEAD-ON ... Aftermath Last week, 4xQuad defined a precise level of reversal in this relative-strength chart where #Litecoin is pitted against the reveled #Bitcoin. We did this using our non-price based prop method. As of this day, we are glad to report that the target was hit dead-on and price reverse quite drastically from that forecast...
LTCBTC - Target hit DEAD-ON ... Aftermath Last week, 4xQuad defined a precise level of reversal in this relative-strength chart where #Litecoin is pitted against the reveled #Bitcoin. We did this using our non-price based prop method. As of this day, we are glad to report that the target was hit dead-on and price reverse quite drastically from that forecast...
BTCUSD: Chart Update: 814.40 and 864.82 Next? 4xQuad thinks so. We released two bullish targets and waited for some denouement to occur. As of this 4-hour candle moment, we are in the position to confirm that our bullish targets are very much in sight and in force. A discreet positive divergence allowed us to announce with some greater degree of certainty that...
BTCUSD: Chart Update: 814.40 and 864.82 Next? 4xQuad thinks so. We released two bullish targets and waited for some denouement to occur. As of this 4-hour candle moment, we are in the position to confirm that our bullish targets are very much in sight and in force. A discreet positive divergence allowed us to announce with some greater degree of certainty that...
$DOW - Forecasts For 2014 & Foreward ... New Target-Low | #DOW #US30 Hello friends of 4xQuad, So, here it is. A new year. A new horizon ... And no change in our DOW forecasts: While the forecast is bearish, the trend interpretation is currently bullish. Yet, our system points to abysmal levels, hence the "Neutral" chart qualifier. Since the release of our...
BTCUSD - Bullish TGs In Force, In Sight Since releasing the bullish targets last week, price made a net advance without breaking above recent structures. However, a solid support at 709.00 did develop at the low of the candle following our forecast. Overall, targets continue to define solid resistance levels once price succeeds at breaking above recent...
BTCUSD - Bullish Targets 1 - 814.40 and 2 - 864.82 David Alcindor | 4xQuad.com