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Pitchforks

XRP | Stick a Fork in it :)So we've still got a longer term uptrend and Fibonacci channels seem to be holding fast and true. We still have a pretty strong forecast for a golden cross (50 EMA up over 200 EMA). With the recent pump we've got two possible fork situations with the nearest term fork taking us lower but the the broader trend would indicate more room for higher levels. I like the idea of a stop entry buy if this breaks into the upper 1.618 Fib channel and then topping around 0.70 . . let's see what happens. We're double toppy at the moment but again, let's look at broader momentum. Remember, XRP has a tendency to dump hard after pumps so always DCA / split your stash and be super careful with leverage. XRP is like dynamite so handle with CARRRRRE :O * * * not investment advice * * *
by FudBox
7
BTC Possible Middle Term Scenario (Rev) Some errors and issues in precision are addressed. No change in fundamental concepts. The bear market shouldn't have been over, but we are likely in a relief rally if the price rises above the threshold of around (21600-) 21800. Beware of still possible correction before the bullish move after the breakout. Long until December, and maybe short (in January) at the 33k-34k zone. If the market is more bearish, the downtrend could resume at 28k-29k. I changed my view because the bullish dragon in the related idea now seems to have been in action. The chart and annotation would be self-explanatory: the keys are harmonic patterns and Fibonacci. To those who hate Gann Square and arcs: Ignore them, or ignore this idea. It's simple. Think twice before you post anything in the comment area.
Long
by jackrabbitrage
Long Crude Oil - 4x Energy Point + FibNYMEX:CL1! Long Crude Oil. Crude is turning up. Momentum has been building Bullish Divergence since June! The daily Ichimoku Cloud has just shown a "Buy" signal, and the Weekly MACD is about to cross the signal line. (Screenshot below) In addition, price is just breaking out from an Inverted Head & Shoulders Pattern. (Screenshot below) After perfectly testing the lower-bound of the Primary Red Pitchfork, price has broke above the (purple) descending trendline that held price from July through October. The next logical path of price is back to the Median Line of the Primary Red Fork. I plotted a minor Modified Schiff Pitchfork (Yellow), to show a potential path back to the Median Line. This path just so happens to make a Quadruple Confluence Energy Point with the Trigger-Line of the Green Fork, the 3.0 Linear Extension of the Green Fork, and the Primary Median Line. If that's not enough confluence, the 4x Energy Point is also sitting right at the 0.618 Fibonacci Retracement Level. Long it.... Target $109 - $115 Fat_Fat
NYMEX:CL1!Long
by Cousin_Fat_Fat
1
BTC Possible Middle Term Scenario The bear market shouldn't have been over, but we are likely in a relief rally if the price rises above the threshold of around (21600-) 21800. Beware of still possible correction before the actual bullish move. Long until December, and maybe short (in January) at 33.5k-34k. If the market is more bearish, the downtrend could resume at 28k-29k. I changed my view because the bullish dragon in the related idea now seems to have been active. The chart and annotation would be self-explanatory: the keys are harmonic patterns and Fibonacci. To those who hate Gann Square and arcs: Ignore them, or ignore this idea. It's simple. Think twice before you post anything in the comment area.
Long
by jackrabbitrage
CENTER LINE : 2 bearish scenarios Both in in BTC and SPY charts we have Median Lines that worth a check: In BTC prices are now under the 50% upside parallel Median Line and the current move could be a pullback of that level, in that case prices could be headed much lower , the Center Line is under 10K right now. in SPY prices are above the 50% upside parallel but a move back under the 1/2 of the body of the last green candle ( ~373 ) should be seen as an alert to check in case of more downside there to come. Knowing these patterns may help you have a geometrical map of where price are moving and where could be directed in the future. No position just sharing the patterns.
INDEX:BTCUSD
by locatellicharts