TheCryptoFork

TheCryptoFork

There is no bias for the token but there are conditions that could be the journey to the hell we have a broken Schiff level that has been pull backed to it (according to schiff fork stuff the line that is broken must be pulled back) but orders on a line could not last for ever and will weaken the line so that's one way to think of a bull market ahead we also have...

TheCryptoFork

It's not still confirmed if we lose the current support the price will still fall but the have 4 confluence conditions active in the area of 50K - 52K, as you can see in the chart, we have bottom warning line of our up sloped trendline which is drawn from the start of the last up-trend move, we have the trend line there, we have the strong support zone which is...

TheCryptoFork Updated 

my analysis shows it's been on a long downtrend for a long time, the channel could still hold the price though as you can see it's on the top of the decending channel at 0.5 fib and a well respected resistant, i'm short on it and my orders just filled, but i'm not risking on it too much since the channel is OLD enough to break and the market might go up according...

TheCryptoFork Updated 

downtrend channel broke last night, now we have a pull back to the support level, if the current candle take out the last one with higher volume, i'll go long

TheCryptoFork

the currency is in a very important place, my bias is bullish tbh but i'm not holding any positions on this since there is no clear indication which direction it will go, if the current candle engulfs the previous red one, i'll enter with stop loss belose MA 200.

TheCryptoFork

what is better than an engulfing candle stick pattern right at the resistant zone and upper median line of a pitchfork for a short position which is rejected at 50 level rsi? what could possible go wrong ;)?

TheCryptoFork

Correction phase seems to be over, a major resistant is broken and the asset it rejected at the next resistant BUT a nice pull back has been detected toward the broken resistant, divergence is detected which is not a good sign + double TOP anyways i'm looking BULL

TheCryptoFork Updated 

To be honest, i don't think so, at least not until the purple area is broken, the area is a very important one since the sellers from the last drop are very interested to sell their remaining assets at that level again BUT as Elliot waves shows, there is clear ABC happened by the drop and a new 5 waves is about to take place, not too far from happening though but...

TheCryptoFork

based on my previous analysis on c98 There price has been rejected without creating a double top as i was expecting which could be a good sign if you are in a long bias BUT it has also broke it's RSI uptrend which is not a good sign for you long guys there are 3 scenarios i thing gonna happen, 2 of them long because if how bitcoin might act but if you ask me the...

TheCryptoFork

as you can see written on the chart, there are 2 approches for the price both short and long, the long is more probable since the market is up-trending these days, but who knows? BTC is not in an actual up-trend yet so expect anything to come

TheCryptoFork

CONV is near a Daily long term down-trend, it's being rejected at a key area of value in 1h chart, if price action pattern appears and the puzzle completes, i'll be looking to short, let's see what happens

TheCryptoFork

Price is struggling on the 4H down sloped trend-line, there is also a broken previous support, it yet have to go up a little more furthur because we want to see a rejection on 4h RSI trend-line which confirms the down move, also there currently bearish hidden divergence that could potentially results in trend continuation which is what we need in this case. i'll...

TheCryptoFork Updated 

as you can see, the price has been consolidating between 2 support and resistant zone, since the support zone is much older, i will expect it to hold, there are other confluence on the region like trend-line level, fib level and rsi divergence and a well formed double bottom (actually a double top is being created as a trend continuation pattern but let's ignore...

TheCryptoFork

As you can see, the fork indicating last 1 move is broken and the current valid one is a schiff fork which is used to estimate possible S/R levels on the corrective move, the move seems to have extended so as i could say we need a complete ABC before a new bearsh move could go, i might be wrong and the price follows the long term previous trend-line that is drawn...

TheCryptoFork Updated 

while BTC is ranging and struggling , HBAR is about to break it's 164 day down-trend, there are 2 scenarios here, either it breaks and starts an up-trend or, it will be rejected and a longer impulsive bearish move will take place which is a great short opportunity.

TheCryptoFork

rejection with divergence both happening on channel top, a short setup might be forming, just need a little more confirmation

TheCryptoFork Updated 

well, seems like a good setup to me ;) fib golden ratio aligns with trend line

TheCryptoFork Updated 

1) at important trend level 2) at top median line 3) at resistant level 4) clear rsi divergence 5) at important rsi trend level what would happen next? let's see ;)