a1Keith

a1Keith

POWR is one of those companies that actually does things , not just one with a few devs and a whitepaper. News will come out at the vertical line. Within this large Schiff Pitchfork I have drawn some ascending lines which form a channel. While an entry at 9000 would be fantastic, we may only get an entry on the middle ascending line. Entries to be updated in 24-36 hours

a1Keith

The Schiff Fork shows the price from 31 December for the next 6-7 days. Now we have an ascending channel. Buy at the bottom. Sell at the top

a1Keith Updated 

BTCUSD just broke out of a descending channel to the upside with retracement to the channel ceiling . Bullish. ETHUSD has been trading in a wedge and looks to breakout to the upside. However the pattern is most exact on ETHBTC. I will enter long if price retraces to the bottom of the wedge with a stop beneath previous low. Profit target: Upper extent of green...

a1Keith

I am comparing Fibonacci and trend lines for accuracy. We can see reactions at some Fibonacci levels. Either the price retraces or shoots through. Either validates the level. I have drawn three trend lines in an expanding wedge or 'megaphone' pattern. Trading this pattern you could enter now with a stop indicated by the grey transverse line and exit at the highest...

a1Keith

Guest editor Zahra When you look at the parabolic rise of bitcoin, from its genesis January 3, 2009 to the first transaction for a pizza in 2011 to its peak in December of 2017 you may feel that it is in a bubble . What is a bubble? We usually use the term to describe a rapid inflation in value terms followed by a deflation. We think of recent bubbles such as...

a1Keith

XVGUSD I was long a few days ago and I closed out the trade with a very small profit. I closed because the lower line of the wedge was support then became resistance . Now once again it has become support as we approach the apex of the wedge. Now is a good time to get long with stop at 0.15 below the previous spike low. Alternative trade is as per the diagram...

a1Keith

Many thanks to Al for this one Excellent trade. We may reenter if it returns to the uptrend line (not the pitchfork) and becomes support. This could take 8 to 24 hours. I will update in about 6 hours

a1Keith Updated 

I mentioned the wedge breakout a few days ago. This might be a AB=CD move Often there is a reaction (up or down) at the half way point; 870 Target is 1087 on this move. I lean to the upside in part because of the touch and rapid retracement of price to the CD line a few hours ago An entry now would require a large stop below the spike low at 800 Risk is...

a1Keith

option 1 Long now at 250.9 Cash stop at 240 If it breaks and holds middle ascending line then trail stop along this line Option 2 Wait for retracement to lowest ascending line (Stop Loss Line) Enter with tighter stop here I will update in a few hours when I see what happens

a1Keith Updated 

Wedge Risk Reward 7:1 Stop 0.125 Entry 0.144 Take profit 0.22 or when it hits the upper line of the wedge

a1Keith

Price breached the downtrend from the all time high. It stairsteps up the downtrending lines and is forming a new uptrend. Often price returns to the upside of these lines. They were resistance and now become support

a1Keith

Fundamental: South Korea news re Exchange bankruptcy and South Korea news re regulation. Technical: Precise channel to downside with support becoming resistance.