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Pitchfan

Pitchfork scaffolded Fib extensionEarlier I posted a QTUM model fully exptapolating a cloned repro of an Elliott correction extended by a leading 3-drives pattern. I don't think it's going to happen that way again, but I was curious how much earlier wave anomalies affect subsequent wave patterns. This one has a somewhat more conventional correction phase, so I'll let them play out just to see what the reality looks like compared to novice-generated models. This one doesn't have the same symmetry, but that may work to its advantage once QTUM's wave starts to hit its stride. I plan to produce a gallery of models bootstrapping various pattern combinations, but mostly from similar groups, to see how they generally perform over time. I'm pretty doubtful chaos can be modeled so simply, but I kind of like trying.
Long
by tchat
Pfork scaffolded Fib extension w/ 3-drives in ABCDFor this chart to be valid, I think we'd have to see another BTG-driven debacle after QTUM's next peak. This one simply cloned the evident 3-drives pattern flowing in to Elliott Correction wave off of the previous peak onto the next pitchfork/Fib-extrapolated Elliott wave peak and tacking the corrective waves on the end of the 2nd 3-drives pattern to yield an ABCD extension. In actuality, I don't think that 3-drives section will play into the correction next time, but I'm going to put the chart up for posterity just to see how over-reliance on an aesthetic ideal works out. Not well, I imagine, but I'll post another version for the sake of later comparison.
Long
by tchat
BTCUSD (DAILY)DAILY CHART SHOWS A POSSIBLE LONG OPPORTUNITY ON BTC. -PITCHFAN SHOWS THE SUPPORT/RESISTANCE LEVELS (GRAY LINES) -SUPPORT HAS BEEN TESTED MULTIPLE TIMES. (BLUE CIRCLES) -TRIANGLE BROKE UP, GIVING A BUY SIGNAL ON THE SHORT TERM (ORANGE LINES) -MACD ROUNDING UP, WAIT FOR THE TO CROSSOVER TO GET A SOLID BUY SIGNAL. -RSI IN NEUTRAL ZONE. -POSSIBLE RETRACEMENT TO $2450~ BEFORE UPTREND, IF THAT HAPPENS, BE CAREFUL WITH THE LONG TERM TRENDLINE (EVEN THOUGH IT HAS BEEN HOLDING THE PRICE NICELY.) -TRADE SAFELY AND LEAVE YOUR COMMENTS.
BITSTAMP:BTCUSDLong
by gusi
Bull in the next day or two for INSYS - Unless we go into an all our recession, I'm pretty sure this stock will keep doing it's own thing (based on beta). With that said, it's looking like over the first few hours on Monday this stock will do some dropping, most likely hitting the 1.618 pitchfan line created on the weekly and overlaid on the larger pitchfork. The area of the 1.618 is very close to the .318 trend-based Fibonacci line. The large pitchfork warning line (orange) is still close, and if crossed could mean a reversal for the median is underway. We shall see. If the stock does continue down, we need to pay attention to the more recent, pitchfork, pitchfan, and yellow warning lines.
ILong
by Bwinks
Bull/Bear CRC(Oil) DependsStrong signs of upward mobility, strong indicators of bear territory. Andrews Pitchfork Downward over the long term. RSI, CCI, Stochastic are showing reversal from bull to bear. Schiffs Pitchfork touch on the median, showing clear reversal over the next day or so. Touch on the 2.09-2.20 resistance region. Upper resistance at 0.618 pitchfan level. Upwards Schiff's pitchfork. Fin Spiral is much further off to show reversal (if it's any confidence, i'm doubtful) Lower support at 1.81-1.75 region. Lower inclined support from 0.5 on the pitchfan.
NYSE:CRC
by Bwinks