GOLD - GC With a nice tellAs you can see, there's a huge bar screaming at us.
It broke out of a pressure resistance.
I expect it to pull back, just to scare everyone out of this long opportunity.
My ForkTrading Members got a video today, how I would approach it to stalk a trade.
Subscribe and get the videos I do for my FTG tribe (see footer here on TradingView).
P!
FORK
ES E-Mini "Forked" In ContextIn earlier centuries, the crowd would had thrown me on a stake if I where to out myself as a "Fork" Evangelist §8-)
The Chart:
You can see clearly, that price respects the lines of the Fork.
For those of you who already attended my free ForkTrading BLUEPRINT, you guys & gals know what I'm talking about.
I expect a retest of the L-MLH, if not a crack.
The red line, is where I sold Put Options many days ago. I sold them there for a huge credit, because I knew where to expect a pause of price (at the WL1), if a sharp down move steer in my face, which it did.
However, this is exactly the reason why I am able to trade with 100% confidence and why I am able to put these high probability trades on, even it looks scary.
The Andrews Pitchfork, the Model of Action/Reaction and solid risk management give me the freedom in Trading that I always needed many years ago.
We will find out how the story will go on...
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ZClassic-->free Bitcoin Private info, market overview+targetsDear all,
I am posting here all necessary info and recap regarding ZCL-->free Bitcoin Private hard fork info:
Fork info:
- hard fork date 28.2.2018 (date of snapshot)
- all ZClassic HODLers will receive Bitcoin Private coin free
- ratio 1:1 ZCL to BTCP, as many coins of BTCP you have, the same amount coins of BTCP you receive
- Mainnet launch of BTCP 2 days later
- circulating supply of ZClassic only 3.3 M !
Market overview:
- BTCP focuses on privacy, anonymous transfers, has replay protection
- BTCP will use conservative people which want to use "Bitcoin brand" on privacy transfers and dont want use other coins focusing of privacy like Monero, Verge, etc. "Bitcoin" brand strong here
- BTCP team is very serious and experienced
- 21.2. will be BTCP conference regarding BTCP with devs and engineers
- BTCP team applied for adding BTCP to Binance already !!!
- BTCP longterm price should also rise
- ZCL main volume on Bittrex and Cryptopia
- It seems Bittrex will be accepting new users from next week!
- Bittrex announcement regarding ZCL-->BTCP fork support in week from 19.2. (it seems it will be supported from 90% - it seems ZCL HODLers dont need to transfer ZCL to adequate wallet)
- ZCL is expected to MOON til fork
Targets:
I am more that bullish on ZCL, positive news everywhere around this fork. Conservative target 0.05 sats, bullish 0.1 sats.
Happy trading!
RUT - Superb Example With Pitchforks & RusselHagopian = Price missed to reach the "next line". We can expect a pullback farther then from where price came. (check!)
Pirce is at the upper WL1 (Warning-Line 1), the upper Extreme = Price is extended, stretched. We can expect at least a pullback, or even a move to another extreme, the Lower-Medianline-Parallel (L-MLH). (check!)
In over 80% back to CL (Centerline): Price moves back to balance, to the Centerline in over 80% of all occurrences. (check!)
If price breaks the CL (Centerline), or any other Line of the Pitchfork, then we can expect a Test/Retest. ( check!)
What's next?
We have the first Test of the Centerline.
As far as I see, there is no major Swing broken, just pierced! (...remember my Swing/Pivot rules? Watch the stair stepping blue lines below the pivots).
This means, that there ist no confirmation of a turn in trend, even if it seems that the markets are extremely extended up in these price levels here.
Because we can't predict the future, but act on facts, this is what I do:
1. don't let me fool to believe that the trend has turned to the south already. There is no confirmation so fahr, period! (It doesn't mean that it could be the case in the coming days and weeks either, but not now.)
2. If the market lose steam and pulls back a little, I expect a Re-Test of the Centerline.
3. If price moves above the Centerline, then this could be a tell that the Bulls are in control. I would expect another Test of the U-MLH!
So, I sit on my hands and wait until the market is telling me more information.
This is a sneak-peak into the rules and the world of the Pitchforks, and how great they work in step with the ruleset.
If you like to trade with hard written real working rules, then you should check out my ForkTrading BLUEPRINT Mini Crash Course which is free for everybody who wants to learn more in trading and chart analysis.
Check the footer of this post here on TradingView.com
P!
SNAP using Forks the wrong wayIn this chart you see a Fork that seems to work great.
The touches at the lower medianline parallel are perfect...but it's a self-deception if you use the Forks this way!
Don't try to fit the market into your tools, never never!
And why?...because you get faked information, leading to wrong decisions, leading to bad trades and to bad losses.
What you need are the REAL facts.
The real information that your tool is meant to provide you.
Let me show you a real way how to approach this chart with the philosophy of Action/Reraction, the method behind the Forks in my latest TradingView Blog (see link below this post).
Happy new week and as always...learn to earn §8-)
P!
ETC Nut up or Shut Up! Ballsy Long TradesHello, Lovely ChartHunter-PipGatherers, there are herds of mainstream altcoins to be harpooned right now, so I'm serving up some thoughts on ETC. Yes, I like big profits. Yes, fraudulent fools call me a "reckless cowboy." Yee-haw. I'm not going to go too much into the fundamentals other than to say this: know your FORKS from your spoons. ETH has dropped almost half of its price since I posted my short trade idea on it. If you were holding you got squashed, lol. There may be a few bounces here and there but I believe ETH will continue to sell for a while, and looking for ETC to pick up lots of slack.The most fascinating part of this chart is that it appears to be the most oversold conditions ever on RSI for ETC. I like that. Keep Hunting Everyone.
CL - Crudes Next Trip To The Long SideAction/Reaction lines seem to catch the frequency of crude.
Also, price stoped dead at the WL1.
How ever - it's probably too early to think of a trade.
Observation hat on...
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If you like these Forks, why not dive into it with my free ForkTrading BLUEPRINT. See Footer...
GE - General Electric On The But?As far as I can interpret the facts from the chart, I would say that there's a potential support for this Stock.
You see the confluence point from a couple of potential support levels like the Fork, the horizontal, the over- and under shoot level etc.
If you want more details check out my TradingView blog where I post the step by step analysis, from the clean chart to this result.
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USD - Confulence point reached soonSoon we will see USD at the lower extreme.
Observing how buying in will proceed.
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CL - Crude reached it's balance - what now?As we see, price reached the Centerline, which is Rule Nr. 1 on ForkTrading: "Price reach the Centerline over 80% of time".
OK, but what now?
Energies move from balance to extremes.
This means, that price will either drop to the L-MLH, or trade through the Centerline and towards the U-MLH.
Since we don't know what will go on from here, how about to take both sides?
Wait...trading Long AND Short?
Jep!
Follow me on my trading blog (see footer) and see how I'l will plan this.
P!
BTCUSD - Bitcoin outside the ForkPrice managed to break the U-MLH.
Now, I expect a classic test/retest and then a bounce to the upside.
There are no indication so far, that price will continue to new highs.
So all I could imagine is, a bounce back, maybe to the resistance of the blue Ray.
P!
If you like my analysis, find more about it in the footer.
Zclassic wallet released, announcment & fork date & moon soonI`ll update it soon (mid term, going to keep it till the fork)
ES E-Mini: Price arrived at the Reaction line!In my prior post (see related link below), I showed you how Action/Reaction works. In my Blog (see footer), I go over this in detail.
Now price has arrived the the next Reaction line.
This is a great time to observe from here, how the market reacts to this line.
Will it trade through it?
Will it be punched back and go south from here?
Learn to earn - observe, make notes and enhance your knowledge with such great opportunities.
P!
TWTR - Twitter is stretched, but bulls are below.Now that price failed the second time at the U-MLH, the rules tell me that there's a very high chance to shoot ...oh sorry...to short Tweety §8-)
Target would be at least the Centerline (as explained in my free course material - see footer).
Be aware that earnings are ahead next month!
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ETC Hard Fork & Air Drop coming (medium) ETC will have a hard fork & air drop at block 5500000 (around 5th March). People will receive Callisto 1:1.
All the info you can find here:
forum.ethereumclassic.org
ETC bullrun is in the air for some weeks now, also mining profitability increases and with this airdrop price will be going up in my opinion. For long or med trades like that I don`t set targets as it`s pointless in my opinion.
Great uptrend growth ahead for eboost (EBST) potential 400%Here's a long term trade, so it will take about 2 weeks or more.
Make sure you've got enough patience for this.
You can invest 5% (or more) of your pool to this trade.
This is how to trade:
we've got buy-in range-> 0.00012 - 0.00014
and the targets->
(1) 0.000211
(2) 0.000262
(3) 0.000318
(4) 0.000473
stop-loss is about-> 0.000102
and the final dish.. INDICATORS->
I like this coin because a lot of hype is going around it: news, updates, upcoming airdrop.
I will enumerate the items with increasing importance.
- on 6th on January we had an announcement of forking. So that's why we had x2 on eboost so quick
twitter.com
- when industry show some good moves, the coins connected with this industry show some sweet X's
remember the case with cannabis,dopecoin etc. a few week ago
- now we have so good time to buy because of consolidation
- details of fork will be on 15th of January (so be quick)
- now eboost have 100% of volume on bittrex
which means that there's upcoming much more growth with new exchanges adding this coin
Enjoy this ride and feel free to leave questions and comments below :)