hardforky

hardforky Updated 

$38k net target No genius here, I'm just following a textbook Wyckoff pattern. My concern is that this is all too obvious.. anyhow, keep it simple. Best, Hard Forky

hardforky Updated 

Next Target is $33600. ALTs might sweat a bit as BTC slips sideways towards target. If ALTs (especially ETH) scale as BTC slides then good indication the market is turning around to bullish. Staying on the right side of the trade: Target was $36-37k, Moved neutral and back into USD for BTC (and top 10 ALTs) while we move towards target, no short. Whilst this...

hardforky Updated 

Shifting Long - Immediate Target $36k to $37k stretch. Support held at $30k Test - slightly lower than my target but watched the bears get excited trying to short to $20k so made some minor long entries after bulls prevented H&S at $30,600k area. - Adjustments to rough map using support/resistance + 50MA + Wyckoff. Targets feel good but BTC might get to them...

hardforky Updated 

$35,000 exit target met Next Target is $31,150 to 'Test' support - I thought this might happen on the weekend but expecting a flash crash lasting no more than a few hours. If this holds will look to re-enter & switch to bullish mid-term (for next month) Best, Hard Forky

hardforky

While BTC Conducts its support TEST I'm expecting SXP to do the same. SXP seems to be pretty controlled so not expecting a clean test. $1.6 is my target but may extend down to trendline support again, especially with the weekend upon us. Be, HF

hardforky

Broke resistance - possible bears are in control now - EOY Blow off top post Asia.

hardforky

Note to self - Lined up for a break up over western summer to the 4,400 target EOY

hardforky

Was that 'Spring'? That certainly felt like a 'Spring' event and it broke below SC / previous low. Watching those ALTs drop looked like doomsday and must have been painful for Hodlrs but that is exactly how the Spring event is meant to feel - horrible . I laddered into spot but there were moments when I questioned what I was doing. Remember the top? - this...

hardforky

No guarantee this is complete until it hits the neckline but points to $51k Target Best, Hard Forky

hardforky Updated 

I've been Neutral for a month watching this formation from day 1 and, once timeframe identified itself, it has been pretty consistent (but not exact which has led to two out of seven small trades being unsuccessful) As I understand the next sequence of events in the coming days should look like this to confirm the bottom: - SPRING / PHASE C - Final indicator...

hardforky Updated 

My BTC entry target is just north of $36,300 with long target at $42,000 ($42,500 stretch) - I think the low might be hit shortly after the today's daily close. Formation continues - Some minor adjustments to the short term plan. Best, Hard Forky

hardforky

Continues to track to plan and I'm expecting some very good trading opportunities to develop in coming days - circled This could go either way but I'm leaning on four bullish signs: 1. The Long Legged Doji on the Monthly - Yes, this is a bearish reversal candle was at the top but it also shows indecision - thus not massively bearish and the downward move...

hardforky Updated 

Bottoming formation looks on track - expecting another week sideways stuck under this horizontal & upward resistance but ALTs might rally as BTC pushes against it Best, Hard Forky

hardforky

It has been a while since I visited this chart but sitting on USD I'm looking for a new long entry on SXP. - These lines have been in since end of 2020 just before the parabolic run in ALTs. They still seem to be playing a role in support and resistance. - Looking at the general market price action I think SXP will test the support line once more when BTC...

hardforky

Now the structure is more apparent (disappointed with the limited low a few days ago though) I estimate we've still got another 2 weeks in this $35k to $40k ADAM region. I'm still convinced we will see a large Adam and Eve structure play out at this bottom - this is turning out to be at a bigger scale than my previous expectations. From historical observations...

hardforky

Laboriously following the bottoming structure. Still expecting retest of support based on historical examples. One caveat - 2020 example saw a big bull trap prior to drop. The trap occurs within a few hours and was about a 9pc move. Price structure seems to support this trend so watching next 6 to 12 hours closely, especially a lack of support from ALTs - if it...

hardforky

Watching this bottoming pattern and for an Adam & Eve formation for a few weeks now. There is a historical scenario where after a rejection at the 21 day MA a retest of the support might be initiated. I have limited chart access but I believe this was observed back in March / April 2020. Target would be around / below $30k which might be the final shakeout of...

hardforky

BTC has always been hard to kill - Potential for the bulls off this iH&S. Market remains sketchy. Started to buy spot again based on the $50k target potential. Best, HF