Markup phase continues Measure move and fib extension suggest $475-562 range Previous triangle broke out to 3.618 - would be $850 here
A lot needs to happen both technically and fundamentally for this to happen as described. The idea is likely wrong, but nevertheless worth keeping in mind through 2018. @VentureCoinist had a similar chart pbs.twimg.com
Possible to bullishly invalidate another up trending Pitchfork here. I've added a 1.25 zone which fits both as resistance and support on either PF. These together suggest price is either the top or bottom of the zone depending on trend speed shift. More likely than not that this will represent more bullish invalidation of an up trending pitchfork which gives the...
Cup formed nicely, retrace and bounce from $71 would paint handle. Zone of resistance based on measured move and 1.618 fib = $123-140.
Watching this one for weeks just haven't published BBands breaking to the upside - 2nd tightest squeeze on daily ever Asc Triangle measured moved + fib extension = $600+ On Index
Publishing this now in case in one wants to follow along. ML (red) of pf always a mean reversion target of trend. I've added 1.272 and 1.618 to the pf. These are fib extensions and not necessarily the usual 1.5 or 2 extensions you could use on pitchforks. Reason being fib extensions fit better than the latter.
Overall, fundamentals of Bitcoin Cash at the moment, as well as the foreseeable future, are an absolute dumpster fire. However, technicals show the downtrend ending with a bullish Tenkan/Kijun cross and price entering the cloud. Target for this trade is the other edge of the cloud.
I regretted not posting my BTC pitchfork sooner than I did, so here's a solid pitchfork on $XMR. Diags are being respected, consolidating around pitchfork ML. Look to this for future moves of support and resistance.
reference: www.babypips.com i don't think this is real, but if it is, i'll take credit for it. most likely invalid due to A-C.
Large round cup followed by 50% pullback? Yes Descending Volume Profile? Yes Targets = Measured move and/or 1.618 fib and/or R2 pivot more info on C&H here: www.youtube.com
Reference: davecharts.files.wordpress.com Minimum Target = 50% fib/Cloud Oversold far below TK lines last week adds to confluence
This idea pertains to futures contracts and how they may or may not be a leading indicator in a given quarter and merely correlative. Hypothesis: The week following the opening of a new quarterly contract signals sentiment for the quarter and therefore price direction. (Null hypothesis: The week following the opening of a new quarterly contract has no effect on...
Run of the mill 3 drives. Two drives have already been established. More info on 3-drives here: www.youtube.com Short accumulation zone = 1 - 1.272 fib Post 3rd drive, target = 50% fib
Cloud Signals flipping bull on low TF First time in a long time silver has been above cloud. Targets based on yearly pivots and Pitchfork.
Bearish Harmonic Trgt = 50-61.8 Fib SL = 1260
Rising Wedge + Bear Divergence (Vol/RSI) into R5 yearly pivot Should breakdown when 3/4 full Target = 200EMA, kumo support, yearly R2, 50% fib = $30-34 Stop = new AllTimeHigh Expect RSI to reset <30 if 200EMA is hit Alternatively, place bids on target instead of risking getting bulldozed shorting the bull trend.
Watch for 50/200EMA GOLDEN CROSS which will take shiba to the promised land. High probability target = 50% of previous move or ~80 sats.