38.2% retrace off september -> december 2018 decline coinciding with the sept 2017 low. Key daily pitchfork
Largest weekly move since rally off december lows, ethereum has cleared the 50% retrace off september 2018 -> december 2018 & the trend line off ATH -> April 2018 highs. Daily pitchfork key median line
Following its largest weekly move since December 2017, Litecoin has rallied into a pretty key technical region. 50% retrace off April - December 2018 slump The August 2017 High Lows made through winter 2018 Daily pitchforks
Another test of the key level for the Euro @$1.118 (the 61.8% retrace of the 2017-2018 move & the trend line in pink). 4hr: choppy around this lower pitchfork slope. Potential inverse H&S but only confirmed once broken above neckline @$1.25
Lowest weekly close this year, has the range (between $0.674 - $0.69) been broken or a reversal on the cards next week? First support to downside is the 50% retrace & july low/september highs. Ultimate low in this triangle formation coincides with the 61.8% retrace @$0.663 4hr: Break below trend line(pink) & median line, gives a bearish outlook for start of week
The dollar index has again failed to close above the high week close @$97.42. Momentum also stalled during the rally (RSI failing to breach 60) & with increasing bearish fed sentiment (2 cuts potentially?) along with Trump calling for QE tightening to stop, is a high $ warranted? 2hr Another re-test of channel/Pitchfork been great at pivoting price.
Bitcoin has finally exploded following 4 months of low volatility. Huge order coming in, melting resistance and stop losses in its way. Both 200 & 1000 DMA broken leads to a +15% day, first time since December 2017. Resistance levels now: Trend off March-July 2018 September 2017 highs Parallel slope off dec 2018-feb 2019 lows/ connected to dec 2018 high 4h
Key level in play after Mays withdrawal agreement is defeated again. This news should not be seen as negative as odds on a long extension, leading to potential General election and subsequent softer brexit (or no brexit at all) have improved. Dip after vote was into crucial lower slope, 200DMA and 38.2% retrace 2h
The kiwi spiked right into the key res zone I highlighted 2 weeks ago (200wma, 50% fib retrace, 38.2% slope, slope of triangle) The same zones remain in play Theres a few pitchforks im watching
After what looked to be a breakout after the fed announcement, the euro was pummelled on friday following dismal economic data. This range is now incredibly narrow. Daily 4h pitchforks
After a strong push lower following the dovish fed statement on wednesday, the dxy ended the week unchanged. The spike lower hit right onto that key 200Week MA, which again acted as good support. The range is now narrowing. Between the trend line & 200wma to the downside & the 61.8% retrace/longer term pivot trend/75% slope in pitchfork. Daily $96-$95.70 key...
Red bars denote a 1% move to upside followed by 1% move to downside After a confused market reaction to the fed statement on wednesday, dismal European data on friday set the markets tumbling towards a retest of the former slope resistance. Break through here and 200 DMA is in sight. Current short-term pitchfork formation
With bitcoin drifting slowly higher with no real momentum behind it, the reverse analog of this that happened between Jan & feb this year shows similarities.
Just a look at the candlestick formations over the previous month one can see that this narrow range is unsustainable for an asset like bitcoin. ATR is nearing levels not seen since last november (just before the break and collapse) The daily & weekly volatility metrics are both nearing their lows None of these are indicators on which direction bitcoin...
After moving 40% down from ATH's has abbv found support on this slope support & 61.8% retrace? 4h levels show the channel structure in place. First test to upside comes at $82.5 which has been key pivot level.
Crude having broken out of this pitchfork formation, is now pushing into the 50% retrace of the late 2018 decline. RSI been diverging throughout this rally Having a look at the non-log pitchfork, we're also coming into the 50% slope. 4 hour pitchfork
The gap and move lower have pushed into the 50% retrace off 2019 move higher, the 100 & 200 DMAs & what was a key pivot level throughout 2018. Long-term pitchfork