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LUNA - Short Setup PossibilityLuna has broke through the frok it's been rolling inside, this is a change of behaviour, the better part is that it's clearly pullbacked to it, this is one other fork rule that if a line is valid and is broken, then it should pull-back to it and there you go we have it. Now we are stuck in an Energy Coil which seems to be forming, i expect a peak to the upside to the energy point to fill the upper short orders to at least the last swing low which is 98.595 and then come back to the fork, if this happens we can then wait for a retest of ML and get short to the Lower paralel, if that didn't happen and we broke though the coil from down-side and then if we had a reasonable market structure to put our stop, then we can get short along the way to the MLH. I hope this helps you Ask me any questions if you have any
Short
by AmirRX
BTC - What Now?Currently there are only 2 forks in play, the smaller one which captured the price and seems to have the right frequency as of now and the bigger blue one which done the same too except the blue one has already proven it's validity 2 times which makes it powerful. Currently what we expect is that the price reaches it's median line with 80% of probability which is not a low change which makes me think that beside all the good news and bull stuff about btc this seems a little odd as a technical view, so i still don't have confidence about this and this gets verified only if the 40473.5 level gets broken ( something like the last line of defense ) then from a time perspective we can say the energy point is created at 20th April which is probably the place where the price is headed which is around 36900~37000 ish and that's a dip if you ask me + we have a demand zone down there too ( actually demand zones works once only so don't really relay on that one if you ask me ) i'll be watching the price to see what happens hope this gave you an overview of what is happening Thanks for your time
by AmirRX
BTC - What's btc doing now?The top that we marked actually worked and reversed the price okay what now? Short answer not so clear, but there are few ideas around it: as you can see the frequency seems to have changed to the pink fork which is a short term and one of my favorite types of forks, but this kinds of fork are not so valid not until we see the Median line so no trades here but we can have a good indication of where might be heading the first 2 guesses are those energy points that i marked but when? only if we get below 41700. There is a failure strategy of pink fork which should be confirmed, how? when the fork retraces to a fib level the size of the fork it self, it should bounce of it and never get to median line, only then the price can travel upto 1.272 / 1.618 of fib extentions, this retracement usually happens at 0.618 which is a close one to 41700. long story short if we keep breaking lows (which is what's happening right now which the low seems to have been broken), as pitchfork probability says, we can goto Median line low with 80% probability and it's the best DIP that can happen, why? since the fork voilated the median line and broke through it, the chances that the price can bounce of the Lower paralel line are so high so have that in mind if that happened. I'll update ya soon if something catches my eye Good day to you all!
by AmirRX
LINK - What can happen to it?As a long term view, i cannot say with high probability what's going on but there is a energy point in view and a triangle created in between that area that can be a price target, there's no clear area of support or resistant in that area that fits perfectly but the best shot would be 19.522 since it's a valid swing high and must be broken if we want to see higher prices in future. The swing has created an energy point too but not as valid as the next one since it has confluence with other pivots on the chart as well two bigger picture forks which one of them is a strong valid one and the other one isn't confirmed yet BUT we use it as confluence not for trade to summerize, we can watch for 20.800 which is a round number too, to get short OR use it as a take profit target. Have nice day Ask me any questions you might have
by AmirRX
ADA, still in a down-trendI don't have a long term idea for ADA right now but i can give you a short term one. Here we have an expanding triangle which is forming well but haven't finished yet, we don't really expect it but it gives us a clear idea of what price might do. as we, pitchfork traders, are always looking to trade with an active slope but many of you guys might have noticed trading with just one fork is throwing money in the trash and you may end up losing more than winning so instead of doing that, we are trying to find a valid fork in here this triangle gives up 2 promising forks, the blue one is a simple one with A inside BC ( This kinds of forks have a higher probability of capturing the price ) and we have a green one which is a modified schiff fork. in here we have a confluence point of 2 forks crossing + a very nice and clean horizental line crossing from A point of the triangle. as the long term aspect , ADA hasn't broken a swing for use that we can surely say it changed it's behaviour so we are still short. my idea is that we can go short with the down sloped fork to the median line. who knows maybe the blue fork breaks and the price goes to the swing and breaks it BUT ONLY THEN i will be looking to go long but not now. Hope this helps you, ask me any question if you have any Thanks for you time.
Short
by AmirRX
ETH, mid / long term overviewThe actual slope of this pair is the blue fork which is the result of the analysis in daily timeframe, but for a short term aspect of the price, we have the current green fork which is for 4h timeframe, as i have seen previously, when a fork reaches to it's median line and zooms through it but never make it to the MLL (Median Line Low) and comes back up the median line again, it's a clear hagopian rule so the price with 80% probablity should reach MLH (Median Line Low), In this case we are likely to reach the green fork upper line soon but why should i bounce? well the bearish move was strong enough to break the Median line but not enough to go to MLL why not a second try? i actually conecide with a supply zone, of course the last valid swing high that can actually stop the price will be at 4495.10 so the price can easily climb up there and fail the green fork, if the green fork works we can expect it to go down to ML again since it has the juice already, but if it failed then you can expect ETH to be at ~ 5.5K as the purple fork will be the active slope of the 4h timeframe (the next energy point is where we expect the price to go) to summerize, we actually need to wait for the green fork, if it succeed then we can trade it, if not we can trade with purple or blue fork We'll update ya if i saw a trade
by AmirRX
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SOl, revresed at median lineprice reveres at median line with a great precision, and now have created a lower low compared to previous market structure (sign of weakness), we have 2 short setups that can occure, one is aggressive and the other one is alot safer, you can either try test/re-test strategy and get short on the next touch on the energy point for a 1 to 6 R:R or wait for the hagopian line to break and enter on pullback (of course it's reached the ML and cannot be counted as hagopian but in my backtesting i've seen if the trigger line breaks, it can act the same in most cases), then your target would be pivot C which hits most of the times. feel free to share your ideas, thanks!
Short
by AmirRX