ETH hits a wall at $210 heading into Bitcoin forkEthereum has once again been turned back at $210 after a similar move Saturday evening. Note the surge of bids at 8pm EST Monday.
Ethereum
FORK
SNAP dance on the centerline.SNAP is showing a nice example, how the ForkTrading can catch the markets path.
Not only are the Forks a great way to identify the highly potential trend continuation, but also catching the "frequency" of the markets.
Watch this chart closely and observe your thoughts ;-)
Happy new week to all
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ES - S&P E-Mini finally go south.The white fork is the major one.
Price flows according to it's path.
The blue fork is to watch for potential support/resistance within another dimensional (more sideways) flow.
However - I see price coming down to at least the L-MLH of the white fork.
May the forks with you §8-)
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Gold - GC at decision point.I see that Gold has risen above the U-MH's.
But also stalled there, now trading back into the orange fork, and closed exactly above the blue U-MLH.
If price is trading back into the blue fork, then we will see a nice drop.
Otherwise it will rise like a balloon...until the guys with the needle ending the party once again.
So, let's observe and act accordingly.
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MSFT has arrived at the upper warning line.As you can see, not only the A/R-mesures catching the frequency of the price.
The WL1 indicates, that a good correction is overdue.
Usually such trades look like stepping in front of a tank.
But hey - I have a swiss halberd in my bedroom...
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EURUSD H4EURUSD continues to consolidate within a rising wedge pattern, and the price action suggests a modest upside in the making. Price is likely to test 1.1260 – 1.1245 where resistance could be forming. This near-term upside is also validated by the doji close that has formed. Following a retest, a reversal from this resistance level could keep the EURUSD biased to the downside.
The support at 1.1100 followed by 1.1000 is most likely to be tested in the near term.
EURUSD H4EURUSD continues to consolidate within a rising wedge pattern, and the price action suggests a modest upside in the making. Price is likely to test 1.1260 – 1.1245 where resistance could be forming. This near-term upside is also validated by the doji close that has formed. Following a retest, a reversal from this resistance level could keep the EURUSD biased to the downside.
The support at 1.1100 followed by 1.1000 is most likely to be tested in the near term.
Nasdaq - NQ Until this is broken...So, price walks vey nice within the fork.
Until at least the first low is broken, there is no short trade for me.
Other then the ES, I see nothing to short this market at this time.
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WDL - Pressure cooker exploded, now at WL1If you follow the price step by step, then you hear it talking to you...
...nope, I'm not nuts §8-)
Start from the left side and read, while you follow the price and give yourself time for your one thinking.
First you can see price action, and how it unfolds.
Then, there is the fork, catching the frequency of price swings very good.
And in the end, we see that price has arrived at the WL1 - First Warning Line.
So, WL1 means, price is stretched and is trying to "relax" again.
This would lead to long move.
What makes me even more certain is, that price created a kind of a stabilisation zone.
Let's see how this unfolds.
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GC - Gold pulling back to U-MLH support.The breakout of the U-MLH (yellow) set the tone for Gold.
Now, with this scary pullback, many long positioned traders get stopped out and positions change hands
I will stalk a entry long as soon I see some stabilisation at the U-MLH.
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CL - Crude is outside the fork and could hit $43 soon.The current bar could be the re-test of the L-MLH.
This would indicate a further drop.
Taking the prior angle of price flow to find the potential target, the number would be around $43.
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MRO - Into the buyers zone.At the mentoring group we called it a "Mountain".
To me, this is just a buyers zone.
But it doesn't matter how you call it.
It matters, how you use it, and what you are aware of, IF you use it.
Because this zone could get washed in a blink...
That's why it is always a good idea to first observe, and then let the market yell at you, if there is a potential entry showing up.
My guess (...umpf...guesswork...very bad!) is, that it will trade into this zone, come back and play along with the rules of the forks.
This means, it will jump above the centerline, make a retest and then picking up the new direction to the north.
Let's see...let's be patient...let's observe.
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IYT - ObserveMoves very nice in the fork with a little shift to the upside (see arrows).
Path of price is up - Looking to buy lower...observe it.
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Bitcoin and moon phases - just in case that was the top!Check the fibs just in case that was the top!
Watch the daily rsi
we are well above the 100 dma and many alts are dipping below theirs. Alt wealth could still flow into btc
RUT - Russel in test modeAfter missing the lower (orange) centerline, RUT has made a first test of the L-MLH.
It's hard to say, where this market will go.
The Hagopian indicates a further surge, the test a potential new fall to the south.
Sitting on my hands and collecting theta meanwhile.
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GOLD - GC In a higher perspective flow.The discussions I read in the last days can be very confusing.
...at least for someone who don't think about the context, and time, and the difference between trend and flow.
You can not chart something in a daily, and talking about the next 5 or 10 years.
That's foolish, period!
This chart shows what I mean about a longterm perspective.
Follow price from the beginning, and then observe, how it acts and re-acts at the lines.
Then sit back, squeeze your eyes and ask yourself: "Where is price flowing NOW?"
The NOW is your perspective for the appropriate timeframe in this chart, which is 2 Months!
Think about this and let this information flow through you brain if you REALLY wanna learn...otherwise just drop it §8-)
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ES - S&P Update shows correct assumption, but with time-delayThe dashed arrow comes from the prior post.
As we can see, we cannot expect the market do immediately what we wish.
But at least we have a clue, how good our assumption, tools & systems are.
Now, we are at multiple resistance points, with ES below the centerline.
Most of the time this is a no brainer, and my shorts are already in and working.
Since I also expect the VIX to rise more (...as a natural function of faster declining markets), I have Vega-Hedged my positions and my options portfolio is now pretty neutral.
Looking forward for the decline in the following days...
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RUT - Russel @ decision point - Russel an EntscheidungpunktNot much to say here - if it can break the actual pressing, then we probably will see RUT climbing to new highs.
The downside seems harder to break, since we can see lot's of support.
However - neutral to light skewed positions are not a bad idea IMO.
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Hier gibt's nicht viel zu sagen - Schafft es der Markt das aktuelle Pressing zu durchbrechen, werden wir höchstwahrscheinlich neue Hochs sehen.
Für die Short Seite wird es meiner Meinung nach schwieriger, da wir etlichen support haben.
Wie auch immer - neutrale bis leicht ge-Skewete positionen sind meiner Meinung nach keine schlechte Idee.
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SNAP - Is SNAP on its way to the U-MLH?No clear trend in the daily, but we can identify the flow in the lower timeframes.
Here we can see how we can use different forks and the A/R channel to extract information.
Rules telling me, that this share wants to go north. And indeed, chances are high that price will reach the U-MLH, as our rule framework teaches.
A significant close below the centerline would negate this trade idea.
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CL - Crude Oil Zoom & Test and here comes another short target:This one is classic.
Zoom, test and a potential re-test.
However, the target is the lower medianline parallel.
If we close above the centerline, then chances are very high for a pullback to the upside.
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GC - Gold broke the sine wave. Short term long....it halted to the tick at the L-MLH.
Supported by the A/R line, what we have here is a long candidate.
As a target I simply choose the EP = Energy Point.
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GS - Goldman Sachs again above the centerlineThey managed to crawl above the centerline. again, even in the weekly.
The little pressure favors the momentum for the long side.
Looking for a long entry, up to the U-MLH or to the moon...
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SOYB - Soybean CornerHmmm....very interesting to me.
Price bounced at the L-MLH.
It produces what I call a corner.
And if I throw a fork on it, it fits the "edge".
Letting it come back and try to hop on to the long side.
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