FibnFork

FibnFork Updated 

Key pitchfork for current trend, sitting between the median line & 61.8% retrace, and the 50 DMA & 50% retrace

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Following the hawkish FOMC yesterday, the EURUSD is pushing towards this lower slope in long-term pitchfork & 61.8% retrace of the March->May climb. This area was also key throughout august 2020

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With the talk of a death cross coming for $BTC let's look back at what has happened on previous occasions (how long until golden cross & the largest % drop post death cross): • April 2014; 94 days until golden cross; -25.09% 2 days after cross • September 2014; 314 days until golden cross; -67.91% 132 days after cross • September 2015; 43 days until golden cross;...

FibnFork Updated 

The euro rally is looking like it may stall at the Yearly open, the 50% pitchfork line (blue dash) & median line. Note the RSI failing to break above 60 as the rally continued in May. A weekly close back below the 50% fib retrace would be further confirmation Break this trend line to trigger selling momentum

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After the hawkish RBNZ overnight the kiwi has pushed back to the ~$0.73 level which has been key resistance in 2021 (a false breakout above in Feb). Median line in pitchfork slightly above. Break or reverse?

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Currently retesting this key trendline, likely to break and push lower through weekend

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Eth crashed to its 50% retrace of the advance from the March low, also finding the 200dma as buoyancy. Now trapped between the 100&200dma will cryptos recover from here or will we find another low? If we push lower look out the the previous ATH back in 2018 around $1400, which coincides with this relatively untested median line in the long-term pitchfork

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After sitting on the top slope in this long-term pitchfork, following yesterdays crash in the crypto space, we've sunk below the 100dma, but not quite reached the 200dma. Supported by the 61.8% retrace and a shorter term pitchfork (below) will we recovery from here or be in for further declines?

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After running into the median line, previous High Day Close back in 2017, litecoin has tumbled to its 200dma & 61.8% retrace of march->may rally. Further declines brings $112 to focus

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After reacting to the top slope from my previous post we've rapidly approached the lower slope, which has more support alongside. The 38.2% fib retrace off the entire advance from the March lows & the 200DMA comes in at ~$40k. Also the previous top in January Break through this support and it'll likely be an extended bear market

FibnFork Updated 

Biggest drop since March, through the trendline, 50dma(purple) & 38.2% retrace right onto the lower slope of pitchfork and just above the 100DMA(blue)

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Relatively untested pitchfork, coming into top slope lets see how price reacts at this level. $60k just above key psychological level.

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Lower slope lined up perfectly with the 50% retrace, 38.2 now acting as resistance

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Aussie is stuck between some key technicals 50 & 100DMA Topside resistance in 2021 @$0.779 Trend line off corona crash Wait for the break! 4hr

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Euro testing this pitchfork median line , just below is a key support level tested throughout march & april, and the 38.2% retrace from the april advance

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Treading along this lower slope, 91.36 the topside resistance

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If we push higher from here the 38.2 retrace and median line up perfectly

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After tagging the lower slope on the 17th March we've rallied all the way to the top slope in a month.