mindandwar

mindandwar

BTC is ready to test Target 1 - the center median line of the Green Pitchfork. If successful and use it as support - target 2 is likely in a few weeks (around 49k). If the test fails - a drop down to the bottom median around 36k is possible. The fantastic news is that BTC finally broke out of the grips of the Red Downtrend Pitchfork from Nov 11th last year.

mindandwar

Upside: Break ATH, go into price discovery to the top median line of either the blue or green Pitchfork. Downside: Retrace more to the fib lines in the bottom half of the Pitchfork.

mindandwar

DGB is sitting the top median line of the downtrend red Pitchfork. There are two resistance zones above with the next major price target marked by the yellow sloped rectangle.

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ATOM looks great once it breaks through resistance coming from the horizontal purple and orange lines. The low end price looks to be around 27 considering the Green Pitchfork holds. The upside potential is insane.

mindandwar

BTC Decision Point: 1. Respect the Green Pitchfork -- Price goes up to any of the main resistance points above. Pullbacks stay within Green Pitchfork. 2. Reject the Green Pitchfork -- Price goes down to any of the support points below breaking out of the Green Pitchfork.

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Looks like AXS is starting a new leg up if the support holds at the bottom median line of the Green Pitchfork. Fairly smooth sailing once price clears a few local resistance zones.

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Scenario 1: FTM continues it's downtrend. Potential reversal at 0.63 - 0.68 range at the bottom median line of the main Pitchfork. Scenario 2: FTM has reversed course and tries to break out of the downtrend at it's current location. Price target to center median line start at about 1.90. It's a sloped line so price could go higher to reach center median...

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Price is sitting between a demand zone and a supply zone. If it breaks up, trying to breakout of the supply zone is the first major challenge. If it breaks down, there's fib support around 87.

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Summary: 1. BTC will soon approach the top median (200%) of the Downtrend Red Pitchfork (tested and validated). The challenge for price is to break-through and re-test that line to make it support. 2. If it gets rejected, there's strong support below especially in the 38.4k area. Chart: 2H (log scale)

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Theta is approaching strong resistance from the top median line of the red downtrend Pitchfork as well as the center median line of the counter uptrend Pitchfork. There's a demand zone marked by green rectangle that'll act as support as long as THETA doesn't get rejected hard by the top median line of the red Pitchfork. Once it does break through, there's a...

mindandwar

THETA is running into a wall of resistance; however, 2.83 seems to be holding for support. It's poised for a breakout as long as the support holds.

mindandwar

LUNA appears to respect both Pitchforks with price now sitting at the center median line. It appears ready to ignite to make a run for the top median line.

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The 15 BTC chart is showing BTC make slow and methodical moves by breaking through resistance lines and re-testing those lines as support. A great trend if it continues.

mindandwar

Summary - The Upside: Despite the turmoil, BTC has been holding steady and respecting support lines very well. If it can break and stay above 39k, a mini-run to mid 40's is possible - perhaps up to 47k. What you're seeing on the chart: 1. Blue lines = Action/Reaction 2. Red Downtrend Pitchfork 3. Counter trend Pitchforks The Downside: BTC below 34k opens...

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Summary: 1. BTC broke above the key Fib line (blue) while also breaking through the supply zone. 2. If the supply zone becomes a demand zone after a re-test or 3 -- BTC looks strong to break through the outer line of the downtrend Pitchfork (red), confirming the downtrend is over. Fingers crossed.

mindandwar

BTC broke above the blue Fib line - a significant milestone if it holds. Caution: 1. This is only the 15 minute chart. 2. Price is sitting in a major supply zone and approaching the top line of the downtrend red Pitchfork.

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ALICE got rejected at the red Ignition line as expected for a minor pull back. The center median line of the green Pitchfork creates 2nd chance entries with a stop loss below the weak demand zone.

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Summary: THETA is hitting a pocket of resistance with the first major test at the horizontal yellow line. Once cleared, the sloped angle line is the next resistance line followed uptrend dotted Fib lines in the Green Pitchfork.