a1Keith

a1Keith Updated 

BTC below 9000 within the next two days. This chart is very bearish. I can find no upward trend and I see three downtrending sets of slopes. So this is a very good point to short BTC. Within 2 days we could reach the median line of the pitchfork or the bottom of the downtrending channel. I would change my opinion if we could stay above 12000 for two hours. A...

a1Keith Updated 

NEO bottomed on the lower parallel of the pitchfork that I drew several days ago. It has also broken out of the descending pitchfork. After such a dramatic fall I am very cautious You could enter on the 5 minute chart and keep a tight stop 120 trailing up. Remember that the first CBOE futures contract in BTC ceases trading at 245pm Chicago time today, just over...

a1Keith Updated 

Some of us remember the epic crash in the price of Gold in April 2011. Before the peak there was talk of $5000 gold . Some said that gold would not be sold at any price. I actually made money , because I was guided by a more knowledgeable and experienced trader. So I am doing the same for you. Those of you sitting is cash will have seen the size of your account...

a1Keith Updated 

Head and shoulders, but on a sloping line. If BTC reaches 14000 and fails to push through then it could be abiding by the down trending channel and not the Schiff Pitchfork You can see this pitchfork on some of my posts from several days ago. It continues to be very accurate. a breach of this will be very significant. Each bounce within this fork is smaller and...

a1Keith Updated 

Monero is in an ascending wedge with a possible breakout in a few days. So it would be ideal to get in on the floor of the wedge and take partial profit at the top. We will see then if it is better to exit the trade or keep a portion long. Many wedges are the confluence of two different slopes . Often the stronger slope wins and the wedge converts to a channel....

a1Keith Updated 

The Andrews Pitchfork shows the slope of price very well. On this Pitchfork I think that the 25 and 75 lines are much more important than the Upper parallel. Unfortunately I was away from my computer when it spiked (when Japan and Korea wake up) and I did not have a take profit order . But you can see that it got support from the 75 line of the pitchfork. A...

a1Keith

Silver often hits its low around the second or third week in December. There followed a very steady rise to the 17.00 zone. This AB=CD parallelogram indicates a time and price target at D

a1Keith Updated 

First I determine the gradient most important in the currency. I then look for parallels to this. I will enter when I get two touches on the line . I wait for the close price, to make sure that price does not spike down through the sloping line. (No Entry) Depending upon market activity I adjust my stop when price moves up to the next parallel. The closer the...

a1Keith Updated 

This sudden drop in the market leads us to look for a safe haven or the least bad currency. EOSBTC may be that. It has support here from the upper parallel line and also the lower parallel of the Andrews fork. I need to see price hold here for next 2 hours otherwise close trade.

a1Keith Updated 

I posted a chart of EOSBTC . This is currently in profit. However EOSETH is in a long downtrend due to the recent strength of ETH. I will reassess my EOS position if price reaches the upper parallel of this slope. If I feel that the downward trend will continue in this vehicle then I will close my position in EOS and open one in ETH.

a1Keith

I see a big future for IOTA, especially with 5G rolling out all over the world. If they can just make their wallet more user friendly IOTA is in a slight uptrend and a long opportunity may present in a few days, if it reaches and respects support on the lowest ascending line. Short term goal is take profit and highest ascending line and possibly keep some IOT...

a1Keith Updated 

BTC cant seem to make new highs. Steep downward channel Short now 14175 Stop 14375 Target 10000 Move stop and limit down along parallel lines as trade progresses

a1Keith

ADA peaked a few days ago . The retracement followed a gentle downward slope. You can see the same gradient on the chart last month. Over the last few days although we have been following this gradient, price has stepped up. This is a bullish sign. A breakout occurred over the last few hours. I will wait to see if price falls back to this line before entering...

a1Keith Updated 

XLM has had a lengthy retracement . It has broken out of the long downtrend. I have indicated this with the uptrending channel. Over the next few hours it seems like it will penetrate the bottom of the pitchfork which was support in the past. Entry when price is on top of upper ascending trend line . Stop below previous retracement 0.00045 Take Profit: Probably...

a1Keith

Long when price retraces to the upper descending line. There is a level of horizontal support at 0.000043 which can be used as a stop Possible time and price target is D point

a1Keith

The spike low and rapid (partial recovery) creates a wider down trending channel. Now we must wait to see if price once again follows the slight uptrend outlined by the Schiff Pitchfork. So far it seems that it will be difficult for BTC to make new highs in the next few weeks. If you look at the monthly picture of XAUUSD (Gold), You can see that after the all...

a1Keith Updated 

BTC has just broken out of its downtrend. But the path upwards is sometimes not a straight one. It may work its way along the upper descending parallel. So at this point it is difficult to get an entry with a small stop. I have drawn a Schiff Fork which may show new upwards slope. I will reassess in eight or nine hours.

a1Keith

The Andrews Pitchfork is validated by the spike low that touches the lower parallel of the fork. Now we have an upward channel. The spike low reversed quickly so I infer that any correction will be brief. Support could occur on the top of the pitchfork or the lower parallel of the channel. I will assess this in 8 or 9 hours