If bitcoin is going to become a useful global currency then this is the perfect buying point. Huge sell off on expanding volume right into value buyers at $1000. Right at cross of median lines. No confirmation. But I like it. If this continues established trend, then we're right at the critical point of a turnaround.
After almost a year of accumulation below the 160ish high, the accumulation was ended with a Terminal shakeout on massive volume. That probably washed out most of the longs. We tested for a while b/w 120-130, hit the market on 6/24 to get out any last longs. Then the bull rally started. I drew the modified schiff off the terminal shakeout because that's most...
Second downside target hit on the Yen. Expecting rally to Upper purple Median line most likely along the path of the minor blue median line. Should be a strong move.
This confluence is really surprising here. We've got so many variations of support with price action majorly oversold. 1. Major Monthly Support Line 2. Reaction Line 2 based off red pitchfork line 3. Lower Median line from an Action Reaction Multi Pivot Line 4. Warning Line 2 support from Red Pitchfork Now Price Action show major liquidation spike, followed by...
******* Tradingview turns my Modified Schiff Pitchfork into an Andrew's Pitchfork when I publish it, so all the trendlines are incorrect. This is my second attempt to publish it **** Tradingview cannot seem to publish a Modified Schiff Pitchfork. So refer to this picture: for the ACTUAL slope I am looking at I've been really bullish on FB-1.20% for a while but...
The market has come right into my little circle of support 1. Lower median line parallel 2. 50%RT. Sell off is hard on the 15M with no confirmation of strength yet. Very small risk trade. Going long with a stop at .7415
I'll be getting long crude if we get a solid retest of the Median Line in the upcoming days. Easily could run to upper blue line MLH on the 4 hour chart. This is still an uptrend on the Higher Time frames but a downtrend on 1HR. If unable to hold ML would get me short until about 46.50 retest of lows.
Following up on the last chart. Here's a daily of GBPUSD. We've broken below the daily uptrending pitchfork after failing to reach the median line and also breaking below the Trading Range volume point of control. Bounced of minor swing support and the pitchfork warning line. A poor lack of demand retest of the VPOC would be the perfect short entry for a strong...
Brexit is coming up and it looks to me that market is under distribution. I would not be surprised if this recent move under 1.41 was to remove the buy stops under the market, knock out early shorts and get some more people long. I'm looking for a quick move under 1.41. Very high R/R trade
Will short on retest of extreme if break out of minor channel shows liquidation. Right now, I'm just waiting. Targets reached