BTCUSD - Bitcoin approaching the first CenterlineWe see two opposing forces.
The orange A/R lines and the white Fork.
The orange dashed Centerline will be first resistance.
But the good news is, that if price can manage to jump above the orange Centerline, then the next target is the white Centerline.
And once above the white Centerline, stage #3 is the orange U-MLH (Upper-Medianline-Parallel).
This is a natural way how Bitcoin comes to live again, producing swinging volatility which we can trade with simple rules.
Happy harvesting §8-)
P!
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Happy learning & earning.
FORK
This Bitcoin Diamond thing is a mystery to meEver heard of Bitcoin Diamond? No. Join the club. Still, once in a while this coin shoots up like there's no tomorrow. No news, no announcements, no pump (I guess). What's the deal with this project? Is it simply that promising? Is the tech amazing? Or the team? Anyway, I see two major trends competing, and considering the current market situation, I will have a close look on this one tomorrow morning. I feel like it's gonna rocket again. And if so, I still won't be able to understand why. We'll know tomorrow.
Google back to balanceAfter price left the first HAGOPIAN, it reached the Centerline (CL.). After this first CL. touch, the reverse lasted not long, only to leave another HGPN to the downside.
Now price approaches the Centerline again and we can now observe a potential reversal, or if it blows through, a trade to the upside.
The blue dashed A/R's give us an idea, how price is currently swinging on a pivot level.
Let's see if we can catch a reversal.
P!
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Happy learning
Pitchfork Trading - Video 2Video Nr. 2
I continue the analysis from Video Nr. 1 and show you, why the market is so extremely stretched, and why you need to be super cautious these days.
If you like to learn more about the Pitchforks and how they produce great trades, then here's how you can get your free course:
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Thanks for watching and if you like it, give a thumb up :)
P!
The ForPtions Trade In Crude OilDo you know what a ForPtions Trade is?
It's a combination of two high probability methods - Pitchforks & Options.
All we needed was our simple rules, a Options strategy and we where good to go.
Nothing special, at least in the world of a ForkTrader. BUT a trader who is using standard technical analysis had little or no chance to see what developed on the chart in front of our one eyes.
So this was another trade in our members area that payed over 80% of the yearly, and 2.50 times of the quarterly membership. A nice and quick $505 p.c. in two days.
If you're interested in this strategy and want to know the benefits of this "Behind The Curtain" trade, then go to my website and read the newest article in the official ForkTrading Blog.
And yes, the next trades are already simmering on the fire...
May The Fork Be With You!
P!
EURGBP 60 Minute ContextSometimes we have just too much bars on the chart. But even then, it's possible to get what's going on if you give yourself some context.
Most important are the real swings.
Pitchforks of course project the most probable path of price, show extremes and even the balance at the centerline.
So what's up here?
Well, price is at the Centerline of the white Fork, after it overshoot the upper extreme the second time.
From here, building a position could make sense if you want to play on the long side.
P!
YM - DJI climbing up to the confluenceYM1! is on the hunt for shorts, as the other Indexes too. I'm curious if price makes it up to the confluence point.
The sine-wave's center is broken, now back to new highs? I have posted a couple times about this pattern. It looks like it plays out perfectly again but...this would indicate new highs...
Observation mode on...
P!
NQ - Nasdaq InsightsWOW - In this market I see a ton of information we can use to our advantage.
1. The (green) mesured move
2. HAGOPIAN (yellow & white Fork)
3. Confluence on white & yellow Centerline
This tells a great story...
Want to know more how we profit on this information?
Just choose a subscription on my site as many others did in the last day since the opening of the Members Area which includes Trade Ideas.
P!
USOIL Lower TF Trend Fading Short SetupUSOIL bears are entering around 0.618 retracement level and potentially could take this down to 0.382. That would be 2x1 Gann line and demand is expected to step in around this level. In order to secure some ticks to reverse long at 0.382 (around 6700-6750), a .5R short setup from here seems reasonable. Buy stops are around 1R levels.
BTCUSD At CrossroadsBTCUSD has been going through an extended pullback pattern. The minor trend remains down and the time for breakout or pullback failure is drawing near. The supply line currently sits around the level $6700, failure to breakout around this area will potentially mean that BTCUSD is going much lower to find demand. The spring daily candle around previous lows is an encouraging factor for bulls, but breaking the trend line would serve as additional signal for further bullishness of BTCUSD. As of now, monitoring price action around these levels is reasonable.
2618 Sell Pattern USOILUSOIL is seemingly done painting a pullback pattern. It reached 0.618 retracement level of previous bear leg, as well the 0.236 fib extension is pointing to the same level. If this market continues with the recent downtrend, these two levels should attract supply and a break to previous lows can potentially occur. The inside fork's MLH on bear impulse move pivots ABC is also anticipated to attract supply around these levels. This is a pullback trend continuation play with a decent R:R but lower probability. Worth the risk as per me.
How much more profit can we lock in with ZCL Turns out a lot more. We managed to catch this early and bought in originally at $5 and have profited greatly from this trade.
We've taken profit multiple times re-entering when the price begins to retrace.
Even during our 2nd trade, we managed to enter at $22 then close at $38 before it dumped!
On the hourly, we've seen a bullish flag form and it just broke out!
Tonight the Bitcoin Anon team is releasing details on their ZCL fork, which should cause the market to pump this coin to the "moon".
Our stop losses are indicated on the chart (red boxes on the chart)
same along with our take profits (green boxes)
This is a high-risk reward trade so trade this with the utmost due diligence.
Hope you all had a great weekend everyone!
Is May the Month for Crypto's? BTC Bullish outlook opinion. BCH!I believe the bottom is in. 7.6k is possible to retest, but I believe BTC will be starting it's parabolic logarithmic run by may.
(BTC) Core is a fork of Bitcoin Cash (BCH) technically speaking and according to the white paper. A "peer to peer based electronic currency" Not a middle man system like the Lightning network, with an inherent security risk, and complexity and fees added to bitcoin (core) through the control of a software company that latched onto bitcoin called block-stream. Bitcoin is not supposed to be controlled or owed by anyone, and miners are supposed to have the power to vote on updates and changes. In this case Some miners choose block-stream's lightning network software and seg-wit (because of heavy propaganda on various sites including r/bitcoin) and many miners saw that the coin that is running as designed and outlined in the white paper is the true bitcoin. Bitcoin Cash. Which is my opinion as well. You can find mostly honest discourse on r/btc if you google it or know what it is, free of mass bans on users because of opinion unlike r/bitcoin which overwhelmingly supports BTC Core. If you mention Bitcoin cash in any type of light that is contrary to popular opinion there you will get banned.
Bitcoin core (BTC) represents the majority of the market (because of it's price) and is excellent for predicting new growth in the whole market. Many coins will out perform and many coins will under perform against BTC. BCH Bitcoin cash is one of those coins that will outperform BTC because of it's far lower valuation of what is more then likely a more popular (transactions and use) and a more powerful "alt-coin" as they may call it, will eventually outshine Bitcoin core and will eventually surpass it in value.
Anyways this is not financial advice, nor is a recommendation to buy or sell. Please seek that elsewhere. This is only my opinion which can be wrong.
BCH/BTC continues to pop trend lines to the upside.Bollinger bands have been very narrow for a week on the daily chart. All, very bullish signs for this pair.
Monero Hard Fork: Don’t Panic, Don’t Fall for Scamswww.investinblockchain.com
Hard forks have something of a bad reputation. On the surface they’re little more than blockchain project updates, the equivalent of a new version release. But because of events like the Bitcoin/Bitcoin Cash split, whenever uninformed crypto investors see a hard fork ahead, they enter panic mode.
Hard forks are normal, healthy events in a blockchain project’s life cycle. Ethereum has regular hard forks as part of its roadmap, as do other cryptocurrencies. No matter how much planning or education goes into them, though, it’s not uncommon to see price fluctuations or other drama when an altcoin goes through a hard fork.
Monero has a hard fork scheduled for the end of March 2018. This scheduled hard fork has seen a handful of fake coins and scam airdrops, all ready to take advantage of Monero holders who don’t do their research. Below, we take a look at the Monero fork and some of the unfortunate buzz that surrounds it.
Cryptocurrency Forks
Forks in the cryptocurrency world represent a point in the development cycle when the blockchain splits in two. From a user’s perspective, you can think of them as a planned upgrade, one that can include backward compatibility (soft forks) or represent an irreversible shift in the underlying structure of the blockchain (hard forks).
Hard forks are a bigger deal than soft forks, mainly because transactions made after the fork are not compatible with the old blockchain. This means that miners and wallet holders will need to update their software to keep using the currency.
When a hard fork occurs, the coin usually continues forward without showing obvious signs of internal changes. Transactions are carried out, hodlers sit atop their hoards, no big deal. Other times significant shifts are introduced, including new coins based on the old blockchain’s code.
The classic example of this is Bitcoin spawning Bitcoin Cash, a move that still sparks hot debate across the web.
What You Need to Know About the Monero Hard Fork
Monero’s development team has hard forks scheduled approximately every six months. The March 2018 fork isn’t out of the ordinary, and no drastic changes are being introduced, especially not a new coin. In fact, some of the Monero community wants to call these hard forks “network upgrades” to help keep hysteria to a minimum.
In general, Monero’s hard forks introduce new security features and protocol changes. This one adds some important proof-of-work changes to help maintain ASIC resistance, which has been part of the development team’s roadmap all along.
One reason this Monero fork has gotten extra attention is due to coin scams when a few hard fork projects appeared. Through a combination of sloppy journalism and copy/paste social media sharing, these projects have became synonymous with the original Monero, prompting a lot of users to falsely believe their beloved cryptocurrency was splitting like Bitcoin and Bitcoin Cash did.
Monero and Not Monero
The biggest bit of drama surrounding the March 2018 hard fork didn’t come from the Monero community or the Monero developers. It has come from MoneroV. This project appeared just as talk of the actual Monero fork started to pick up, promising a finite coin cap and a 10x airdrop to Monero holders.
Here’s the thing about MoneroV, though: it has nothing to do with Monero or the Monero team.
In an interview with BTCManager, Monero’s Justin Ehrenhofer stated quite clearly:
The people behind MoneroV are likely scammers or attackers.
The official Monero Twitter account also released a statement reiterating they have nothing to do with MoneroV. As far as anyone can tell, the project exists simply to get Monero holders’ private keys.
There’s also a lighter side to the hard fork drama. WOWNERO isn’t actually an altcoin, it didn’t try to scam anyone, and it’s not even a real project. It’s just a joke.
ES - S&P500 E-Mini With Target Down To The 60'sHere are a lot of lines cooking.
According to the A/R Set (dashed blue), the time seems ripe for a turn to the south, indicated by the yellow down sloping Fork.
In it's way to the yellow Centerline are a couple of natural support lines, like the orange A/R-Centerline, creating a confluence with the pink Trendline.
A break of this dashed orange CL' would indicate a further drop to the L-MLH (orangen). Then from there again one floor deeper, to the white dashed CL'. And if this support is also not holding, then the Rule Nr. 1 applies to the yellow Centerline.
I guess we a nice observation path...
P!