Update for XMRUSD "Thinking Out Loud"

27 Jan 2017

The volume has decreased quite a bit; this can also be seen by the BB's [I'll be sure to bring them forward "visually" in an upcoming chart.

I'm going on a theory to see if the the shape (track) of the candles will play out as I have depicted with the yellow lines. Note, I only depicted the high and low points; NOT the battles that go on in between.

I will try my best to explain this with text bubbles in more charts to come.



The following chart is an example of what could play out in between...



A little humor, then back to work: He ends up holding a big ass bull flag...

27 Jan 2017

Catatan

Yeah, the ole head and shoulders....

28 Jan 2017

Catatan

Expecting a bit of a hold back at $13.85 [Top of Left Shoulder]; then a fall back to around $13.07 but "finish" above it to to for $15.07 [Top of the Head].

28 Jan 2017

Catatan

28 Jan 2017

Catatan

Placed a pitchfork for buy/sell points...

28 Jan 2017

Catatan

Red arrow to point when to stop using that pitchfork

28 Jan 2017

Catatan

I believe that pitchfork needed to be tighter than what I had it initially...

28 Jan 2017

Catatan

One final closeup of that pitchfork up to its stopping point at the red arrow.

29 Jan 2017

Catatan

Major update to XMRUSD with two possible options to play out [Marked by yellow and aqua blue lines]. Vertical Time Lines have been included to provide a calendar of potential events to unfold.

29 Jan 2017

Catatan

We have MAJOR RESISTANCE at the $13.50 to $14.15 level. That will be quite a battle to overcome. It may continue along that line for several days (5 to 8 days between $13.50 and $14.50 range before any major moves afterwards.

2 Feb 2017

Catatan

Play has definitely gotten tighter. Pitch Fork within a Pitch Fork: