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I discovered The wave channel 3D. It gives good short positions and allow for determining pitchfork 3rd point.
I will add to my short position if we go here.
Redraw of my previous idea. Period to watch: now to 02.25.19.
For people with pitchfork affinity :-)
ETHBTC looks dangerous with sentiment currently against ethereum network (and all cryptospace). Bouncing from extreme deviations (devcon approaching, cboe futures).
Magenta trend line : ethusdlongs/ethusdshorts
After the announcements of devcon3, the major force driving RLCUSD is bitcoin segwit2x. It's obviously anti-correlating.
The importance of flux into RLC: www.coingecko.com
Analyzing the relation between ETH and RLC
I'm not shorting BTC and I can't. But if you want to short (or whatever) the trend lines in the pitchfork are opportunities to enter a trade.
XRP is trying to break the pitchfork. There is a major horizontal support line in green that make the case for a break more appealing.