Coming to the end of the down trend, further sideways accumulation with range tests, waiting for a Wyckoff spring to test the Chuvashov's Fork resistance line.
Distribution TR? - Diverging volume (only converging with price rise during reactionary bounce through TR's EQ) - Overall decreasing volume and candle spread - RSI falling through support - Stoch RSI double top in overbought and will print bearish cross if price settles here or lower for the week - Current doji candle may be signalling an imminent reversal - Price...
Good morning, traders. During yesterday's video I took a look at this pair in multiple different ways. I also mentioned that I wouldn't be surprised at all to see a short drop followed by continued appreciation. Well, we got the drop but so far price has not been able to follow through to the upside. That being said, this pair hit oversold on the H4 yesterday and...
$LKOH 4H has broken and retested Chuvashov's fork (orange line) after the bounces from the top of the trend channel. Expecting further downside to the bottom of the channel or lower, if megaphone formation plays out.
* CF, Chuvashov's Fork. * Bullish HA candle, looking for confirmation
Hi chaps, For those who follow me, not that much people, a short update on bitcoin. Course is going up in a rising channel, which 69% of the times comes down. We have two chuvashov forks (purple) facing the way up. Still bearish on long time trend and the bigger picture is still a descending/falling wedge not showed in this picture. Falling wedge takes runs in...
Hi Guys, Bitcoin has climbed out of the choppy zone. The yellow ellipse is the manipulated pump by exchange(s) or whales, nobody knows. Its a pretty bullish moment but I wouldn't be that optimistic. Let's see what bitcoin does when it faces the Chuvashov fork and thereafter it to climb out off the light blue triangle. For me still bearish, which of course is not...
Nice elliot-wave forming on little bullrun for bitcoin. Overall very choppy. Still bearish on big picture. Chuvaskov fork used here. Thanks @b33tcoin.
On the hourly we are looking at a falling wedge and Chuvashov fork set up. We have yet to break out but the fork shows the increasing buy pressure. This is supported by the MFI, CMF and Acc/Dist indicators. Looking for further accumulation at this price level, coupled with a reset in the RSI back to trend, to gear up for potential break out. Look to buy on...