FibnFork

FibnFork

Another potential H&S after the perfect smaller one formed on the 28th Feb. Right shoulder forming around 61.8% retrace of move lower from head to neckline. Also the 50DMA & nearing a good resistance level.

FibnFork Updated 

This key 38.2% retrace off entire move lower from December highs to Feb lows has been capping advances since mid february. False breakout on the 20th was quickly reversed until we found support on trend line. Will the recent breakout (and some big volume moves) of this "triangle" give the momentum for bitcoin to finally break this level. RSI profile shows a break...

FibnFork

Entering the C wave in the correction off the 5 wave up from 2016 low. Typically expect 61.8% extension off A->B or 100%, coming in at 6800 & 6500 respectively. Other levels are the median line in pitchfork & the 38.2% & 50% retrace off the move higher too. 4hr

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A break out of the medium-term downtrend pitchfork has been capped by the 78.6% retrace (29/1 -> 6/2) & the 61.8% retrace (15/1 -> 6/2) both coming in @ $~146. 50DMA has been a good pivot area in price break of it to the downside & the 50% retrace of the short move higher opens up the trend line @ the $120 handle. New pitchfork is something to look at, median line...

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Hawkish $ comments have pushed the euro$ below this long term median pitchfork line. This short term median line is currently acting as decent support. More important support comes in at $1.217 which is 38.2% retrace of november 2017 -> feb 2018 & 61.8% retrace off 2018 lows -> highs. Break of that level will eye up key long term trend line (starting april 2017) &...

FibnFork

Push lower off hawkish comments from new fed chair Jerome Powell has come into a key support area. The trend line off 13th november lows The 50% pitchfork which has been in play since late 2016/early 2017 lows The previous swing lows on the 9th Feb The 23.6% retrace off 2017 lows -> 2018 highs & the 61.8% retrace of the most recent impulse higher...

FibnFork Updated 

4th wave could be set in place at the trend line support which comes in at 100% extension of wave A->B & 38.2% retrace of the 6th feb lows to 21st feb highs. Big volume earlier pushing bitcoin above $10k & 50RSI helps this case. Upside levels will be the retrace of wave 3->4 & the 50DMA in short term. Ill update as we make progress of 5th wave 5 min chart of...

FibnFork

100DMA was perfect support on the 22nd and will likely continue the support on dips alongside the 38.2% retrace off the climb since 6th feb. Topside Capped by a short term resistance zone. 38.2% & 50% retrace of this current dip, and $875 which has pivoted price. Short term downward slope also needs to be broken. First target is simply breaking the daily pivot

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Right now sitting on the support zone. 50% retrace 6th->10th $0.86 has been a good pivot in price since december 2017 Trend line off 7/2 -> 7/2 -> 23/2 Targets to upside will be short term downtrend + 21DMA & then the key $1 handle. If support zone broken then the 61.8% retrace & 76.4% retrace of entire range.

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Better than expected Canadian CPI pushed USDCAD lower off key technical levels. The trend line from 2012 has been a key technical pivot in price throughout 2017-2018. A daily close below the key res turned sup (red dashed lines) confirms a bearish outlook. 30 min

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EURJPY has once again entered the support zone that has been valid since September 2017. Most recent candle failed to break the 200DMA and has hit the .5 pitchfork slope which acted as sup on the 9th & 14th of Feb. 30 min

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Hitting an intersection of trend lines. The previous resistance slope now turned support potentially. Trend line off 7/12 -> 8/2 lows 61.8% retrace off 8th -> 16th climb Weekly s1 which is also daily s2 23.6% retrace off 2017 lows to 2018 highs

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Surprise draw has pushed crude into key resistance area. Previous range low throughout January, the median point in this pitchfork and the weekly R1. the 61.8% retrace off the 2nd-9th decline comes in at $63.14

FibnFork Updated 

Will this correction from the key resistance area be the 4th wave? Support found was the 100% extension off wave A with some RSI divergence. Only hesitation is the mess that is wave C, but elliott waves are seldom perfect. Other levels 38.2% retrace off wave ii->iii Area of previous res/sups back in late january and on this most recent move upwards ...

FibnFork Updated 

Bitcoins ~100% run in 14 days has seen it run through resistance areas with ease, but will this momentum carry it through this key area? Currently broken the 38.2% retrace (17/12 -> 6/2) 100DMA Rough Parallel channel off 17/12 -> 6/1 Upper pitchfork line Previous support area throughout mid/late January Slightly beyond those levels we have the 50%...

FibnFork

Strong rebound off support found around 105.50 which was a previous key level in 2016, the median line of this long-term pitchfork & 61.8% retrace off the 2016 climb, has got us to the first level of potential resistance. Was the previous swing low in September, the 38.2% retrace (5/1 -> 16/2) & 23.6% retrace of the 2/2-16/2 decline. A squeeze above these levels...

FibnFork

Barriers to upside: Blue dotted slope off some january highs .25 pitchfork line 38.2% retrace off december highs -> february lows 100DMA

FibnFork

Another week of dollar weakness pushed cable to close above the 1.4 handle. Levels to the upside will be the trend line now in place, and 23.6% retrace of 2008->2016 lows. Downside will be the long-term median pitchfork line & previous channel along with the fibs off cpi low->high.