a1Keith

a1Keith Updated 

Most charts look at the slope from the all time high through the first large retracement on January 7. According to this slope we are sitting just under resistance with a failure to break through (Slope represented by descending lines 1 and 2. This pitchfork outlines a less steep slope since we are not pushing lower. We may be working our way out of the steep...

a1Keith

Recently we had two great trades with LTC. Entry 208 Target 260 -280 depending on timing Stop 199 Note lines 1,2,3,4 are parallel and equidistant

a1Keith

Neo moved up through support lines for the first time since Chinese New Year. This week people return to work in China and maybe to NEO. This pump occurred at the same time as BITCOIN -0.19% . However the behaviour was different. NEO moved up the ascending slopes and found support above them. Bitcoin -0.19% moved up into resistance and stopped. Litecoin, Eos...

a1Keith

Live Cattle -0.04% prices tend to follow clear trends , as can be seen by the descending channel from 2015 to 2017 (almost 2 years) Options expiration is February 28. I will look for support on the current parallel or retracement to the lower parallel for a long entry. Stop below previous low and take profit at 25 centile. Depending on price action I may keep...

a1Keith Updated 

Four days ago we had a great trade long Litecoin. Price action since then has been very precise with respect to the slopes that I drew then. While price has not moved much, you can see that it is moving down the up trending slopes and it is not moving down the down trending slope. For context please review the previous trade, linked below. There is indecision in...

a1Keith Updated 

If CL retraces AND gets support on the lowest of the 4 parallel lines. Then I will enter long, with a stop beneath the previous spike low and take profit at the gently ascending line.

a1Keith

US Dept of Agriculture will release Feeder Cattle monthly data at 2pm Chicago time. 3pm NY time There was a large drop yesterday due to Live Cattle news Note also that Live Cattle (Not Feeder Cattle) options expire on Feb 28. So it is always possible that price could be kept down till then Stop below previous low 142 Enter at 144.4 (or lower) It is news time so...

a1Keith Updated 

Neo has been one of the strongest currencies in the last few days. BTC is outpacing ETH But Neo is outperforming both. At this time China is asleep having celebrated the New Year and bought lots of Neo. So it remains to be seen if buying will continue But we have two upward trend lines providing support and one providing overhead resistance. As I was writing Neo...

a1Keith Updated 

Litecoin has been breaking out of its descending channel just like BTC. It formed a new descending channel above the descending pitchfork and has now spiked up. It behaviour is much more bullish than BTC NEO or ETH. I am looking for a long trade upon retracement to the descending line which may occur within the next 24 hours Stop below the previous low. LTCUSD...

a1Keith Updated 

Silver fell out of a rising Andrews fork and it is now resistance. I have drawn an unproven downward pitchfork. Excellent Risk :Reward ratio 20:1 Stop 16.80 Entry 16.70 Take profit 16.07 Time target : about 48 hours

a1Keith Updated 

These two large Andrews forks were drawn as an aid to determining the current active slopes ( up and down ) in Silver ( XAGUSD). To validate them I have confirmed the slope by using lines outside and before (in time) the pitchfork. I believe that many slopes are acting at the same time and the strongest wins. We appear to be in a wedge which could resolve within...

a1Keith Updated 

We have breached a key resistance line. I will watch this and see if it holds. It provides good support for a move up to line 1. I will use line 3 or 4 for stop according to price action. Remember this is an unusual weekend with Chinese new year holiday and Presidents Day holiday in USA ,18 Jan

a1Keith Updated 

I rarely go long on a down trending slope. But you can see that since the lows on February 6 LTC has moved up from the 25th to 50 to 75th percentile lines each time gaining support on the higher line. This is bullish behavior within a down trending line. Use the 25 centile line as a stop. The parallel line that I have drawn may be slight resistance but given the...

a1Keith Updated 

BTC is still in a downtrend . It has not touched Line 2 since January 13 . It has rejected precisely from line 3 twice and it is at the line again now. We expect the trend to continue until we see a new pattern. A new pattern would be a breach of line 3 then line 2. It would require some major event to push BTC above 10500 which would cause me to be...

a1Keith Updated 

Now at the upper parallel of a downtrending fork. I will wait to see if price falls from here, or ascends slightly to bounce from the ascending line around 935 before retracing. Possible support lines include the lowest ascending line around 600 or the steeper line from the recent low around 650 According to my experience if we bounce from one of the ascending...

a1Keith Updated 

Eth btc and Neo have now returned to critical areas. They are all at resistance. I believe that all markets are connected to some extent. We saw what happened with US equities over the past few days. Volatility was very low (reflected in VIX ETF ) . Many were profiting from XIV the inverse ETF. When one side of a trade gets too crowded then opportunity presents on...

a1Keith Updated 

I have been bullish Gold since December 13 2017. See my chart on Silver. Historically this is the most bullish time of the year for the metals. We have been stuck at 17.00 in Silver and 1333 in Gold for about a week. This modified Schiff shows the slope clearly. This small retracement from the median line followed by a push through it gives more evidence that the...

a1Keith Updated 

EOS has retraced from its recent High at 15.66. Price has gained support on top of the median line of the very large fork. The retracement over the last few days follows a Flag pattern . In the last few hours price has followed this Schiff Fork very accurately. A breakout may occur within the next few hours. I would consider a stop below 12.75 and a profit...