UnknownUnicorn2349278
I extended some lines out from from a few historical pivots and the recent supports/resistances seem to follow these extended lines pretty well. Will follow and see how it plays out.
I read more about the Andrews Pitchfork today on my flight. The simplicity of it draws me in. I looked at this daily USDJPY and recognized the trend and multiple pivots running along Line 1. While Line 2 does not have 3 or more touches, I would be surprised if the price does not bounce off of it in the next several months.
BINANCE:VETUSD After several months of the descending pitchfork, VET broke out and the pitchfork became resistance as seen in early December. I've been holding VET since 2018 and I'm not actively trading it. I will buy more when it follows the resistance line into Zone 2 with a take profit in Zone 1. I will consider this idea invalidated if it breaks below Zone...
I've been hesitant to try TA on Bitcoin. With the institutional interest growing over the last year I haven't made very many good calls, so this idea is entirely for entertainment purposes. I hope it generates some comments and conversation more than anything. I put a horizontal ray near $41000 after it switched from resistance to support in early January,...
I've held XYO since it was on Kucoin but this is the Coinbase chart. I'm waiting for it to test the zone at the bottom of the pitchfork to add to my bag and then revisit it.
KUCOIN:WOOUSDT I placed horizontal rays to indicate two levels I think are important as well as a rectangle for a zone I think is important. The Pitchfork is more of an experiment than any educated guess, and I wouldn't trade on it.
I'm a big fan of Ravencoin. With the halving coming up in 7 days it makes sense to look at what RVN's next move will be.