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Horizontalresistance

Price finally hits breakout target from march's falling wedge!What an incredible bull run it's been thusfar these last three months for btcusd. Of course we've been expecting an eventual climb to at least $7229 since february and looking back over my previous charts you can see we've been charting the falling wedge breakout target since march 11th and the wedge itself as early as mid february. Not only did we finally hit the breakout target of this white falling wedge we went slightly farther and hit the blue horizontal support line that we have had set up for almost as long just above the wedge target at $7427. It always amazes me when crazy pumps like this happen to find their moment of retracement at trendlines that I've charted long before the price breakout had even began and this time is no exception. You can see this blue line in my previous weekly chart idea as well. Normally in a circumstance such as this I would have set up a limit sell right at that trendline with a stop loss a few pips above the trendline but this time because we are in the midst of a parabolic uptrend I will likely just hodl and buy dips to be safe until I see the weekly stoch rsi break under the support trendline that's been propping up momentum this entire bull run. until I see that break im playing it safe because I actually tried to catch a quick dip around 5.8 that never came and had to scramble back in and I refuse to repeat that I will be relying instead on my lower low/lower high and buy/sell line strategies to decide when to sell and until i get those signals I will only hodl and buy dips...however the greed fear index right now is on extreme greed which is always a bearish sign, plenty of bearish divergence on multiple indicators, retracing a bit right here at the horizontal blue trend line we have just reached would create the perfect possibility for a monthly cup and handle pattern to form its handle, and we're gonna have to break under the weekly stochrsi's support trendline in the not so distant future. A correction is well overdue but in a parabolic run like this all bets are off especially when so many new institutional investors are aware the bull market has just arrived again. so my strategy until I get the right bearish signals will be hodling and dip buying. We should know in the next couple days or so if we have more room to continue up or correct, but for now I leave this idea neutral.
BITSTAMP:BTCUSD
by DrDovetail
Bitcoin Daily Update (day 333)Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business. Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge Consensio: P > S MA > M MA > L MA Patterns: Phase 7 Hyperwave | A&E Horizontals: R: $3,992 | S: $3,859 Trendline: At $4,536 Parabolic SAR: $3,539 Futures Curve: Contango BTCUSDSHORTS: Watching for it to take out the local low at 18,970 Funding Rates: Longs pay shorts 0.0065% TD’ Sequential: G6 Ichimoku Cloud: Very surprised that we haven’t seen a bullish kumo twist Relative Strength Index: Testing 70 Average Directional Index: Bull trend on daily. +DI is starting to approach -DI on the weekly. Price Action: 24h: -0.4% | 2w: +16.3% | 1m: +10.5% Bollinger Bands: Weekly is very bearish and the MA is in confluence with the TL Stochastic Oscillator: Sell signal Summary: I was hoping to see some more follow through out these last 24 - 48 hours. The volume was there on both breakouts (Feb 8th & 18th) however we have petered out at $4,000 horizontal resistance. The fact that we continue to consolidate above the 4 EMA is a very strong sign as far as I am concerned. We didn’t smash right through resistance and that left us with two options. Get rejected hard and retrace the full rally from $3,600 or see support move up and consolidate. The longer we continue to support above the 4 EMA the more likely I think we are to pop through it hard and fast. If that happens then my targets are the bear TL and the 200 day EMA. If not in a position then I would shy away from BTC due to the resistance that is stacked from here to $5,000. However, there are some other options that appear to have less resistance and better risk:reward ratios. XRP and BCH look ready for a big rally that might lead the rest of the market through this current area of resistance. Both recently had an ABC correction that pulled the price into a golden cross with the 50 & 200 EMA’s on the 4h chart.
BITSTAMP:BTCUSDLong
by Sawcruhteez
2
2 BTC to 20 BTC Trading Challenge - Day 14 (1.4252 BTC) Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business. Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge I might have had a little bit too much fun last night. I went to a bluegrass concert that started at 9:00 and I must have had too much to drink because I still feel like shit at 6:15 pm the next day. The struggle is real! Not having anything to drink tonight and I am looking forward to feeling like a champ again tomorrow. The markets have sure been interesting. Starting to track the futures curve is the only reason that I didn’t short BTC after yesterday’s close and I am sure glad that I didn’t! As long as we continue to hold support I gain confidence that $4,200 resistance will break and then we will be in for a strong 1 month + dead cat bounce. The S&P 500 looks like it is just coming to the end of that type of bounce. The TD Sequential is on a red 9, we have multiple reversal candles and there is a cluster of resistance from $2,600 - $2,650. USD:TRY continues to head fake > $5.5 and continues to close below the TDST level at that price. The M MA is diverging in a bullish manner and support continues to move up. This is my single favorite trade for 2019 and if we can close a daily candle > $5.5 then I think we should really start to pick up momentum. Open Positions Long: USDTRY Price: $5.55804 Projected Risk: 5.66% Leverage: 100X Exposure: 0.16 lots ($16,000) Margin: 0.048 BTC Unrealized PnL: -0.087 BTC Notes: Support holding above the phase 3 trendline is going to be very important for me to maintain a healthy bankroll for this challenge. Long: USDZAR *1/3/19 SCALE OUT: P < S MA = 5%. However minimum available to scale out was 8% *1/6/19 SCALE OUT: P < S MA (5%) + Bearish M MA (30%) + Bearish Cross with S & M MA’s (15%) + P < flat L MA (25% - 50%) *1/7/19 SET STOP LOSS: Stop loss set at $13.489 for remainder of position. *1/9/19 ADJUSTED STOP LOSS: Moved stop to $13.64 due to expected support from 200 MA. *1/11/19 DEATH CROSS signals final scale out. However on TD red 9 at horizontal and trend support. Leaving stop at $13.64 due to bullish 200 MA and support cluster. Negligible difference in risk, huge difference in potential gain. Price: $14.48 Projected risk: Market stop set at $13.49 Leverage: 100X Exposure: 0.06 lots ($6,000) Margin: 0.0157 BTC Unrealized PnL: -0.075 BTC Realized PnL: -0.086 BTC Short: SPX500 *1/4/19 ADD TO POSITION: S MA making bearish cross with M MA = 15% added *1/6/19 SCALE OUT: P > S MA (5%) + bullish M MA (30%) + Bullish cross with S & M MA’s (15%) = 50% *1/11/19 GOLDEN CROSS does not necessarily signal scale out due to angle of L MA. Stop loss set at $2,656. Price: $2,472.62 Projected Risk (horizontal resistance at $2,650): 7.44% Leverage: 100X Exposure: 0.09 lots ($22,276) Margin: 0.0586 BTC Unrealized PnL: -0.289 BTC Realized PnL: -0.129 BTC Notes: Major horizontal resistance from $2,600 - $2,650. Stop set at $2,656. Really want to see this week close < the 9 MA. LONG XRPH19 *1/11/19 SCALE IN: P < Bullish L MA represents oversold asset in bull market. Enter: 0.00009135 Stop: 0.00008888 Risk: 2.7% Exposure: 20,267 XRP (1.8518 BTC) Leverage: 15X Unrealized PnL: +0.0111 BTC Realized PnL: -0.0046 BTC Notes: Entry was not based purely on Consensio. Bitcoin futures curve in backwardation with widening spread is main reason I was looking to add to my long exposure. Also looking at confluence of support from trend and horizontal. Guidelines would have me waiting for close above S MA to start scaling in, but I really liked the risk:reward provided at today’s close. Open Orders *1/10/19 AMENDED stop market to short XAUUSD. Moved entry up to $1,284 due to that being below horizontal support & parabola and it provided better risk:reward. Consenio signaled entry today, but I’d prefer to wait for further confirmation. Watchtower USDHUF: 18 year symmetrical triangle. USDJPY: (leaning bearish) Consensio is bearish on Monthly chart indicating that the triangle has a greater chance of breaking down. Tightest monthly BB has been since 1976 when the price proceeded to move 41% in ~21 months. Think that retesting $80 is most likely. XRPUSD: In a Bollinger Band super squeeze on the weekly with lower highers and highers lows suggesting upcoming parabolic move either way...a/k/a Jesus Fish Pattern. Symmetrical triangle on daily provides first target of $1.1 USDCAD: Approaching bullish 200 MA while the M MA and L MA posture for death cross. Weekly A&E bottom with $1.63 target. Massive volume over last 3 years. Currently fitting into channel. Tightest weekly BB squeeze since 2000. WTIUSD: Pullback back and into golden cross BTCUSD: Gap in the visible range volume profile looks like it is begging to get filled. If we close above $4,300 then a return to $5,400 - $6,000 would be my highest probability outcome. Will be strongly considering setting a stop order to add to my long above the daily Parabolic SAR. Backwardation appears to be getting slightly more exaggerated, currently 3.03%. ETHUSD: First weekly buy signal since April 2018. Daily has potential incoming death cross which could occur right around the Constantinople Fork. LTCUSD: Waiting for close > daily saved me. Treating inside the cloud as a no trade zone can work very well. XRPBTC: Incoming death cross following L MA roll over could be setting up ideal entry. However ascending triangle is still in tact and want to wait to enter until we get a close above / below. XAUUSD: A few daily candles have closed above the trend line from 2016 but when zooming out to the weekly chart it becomes clear that the TL is continuing to hold as resistance, therefore it is still in tact. Daily looks like it is ready to break down at any moment and that is why I will be waiting with stop entry. Consensio is also starting to signal short entries with P < S & M MA while those are making a bearish cross. EURUSD: (leaning bullish) L MA and LL MA squeezing with price between on weekly and the LL MA appears to be making bullish reversal. Seeing a potential A&E bottom. Bollinger Band in tightest squeeze since 2014 and a 24% move followed that one. USDRUB: Symmetrical triangle forming above bullish 200 MA that is approaching the price. Also had a recent GGC on the weekly.
FOREXCOM:SPX500Short
by Sawcruhteez
5
Bitcoin Daily Update (day 301)Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business. Click here for my Comprehensive Trading Strategy | Click here for my Comprehensive Trading Process | Click here to learn about the 2 BTC' to 20 BTC' Trading Challenge Consensio: P < L MA < S MA < M MA = up to 60% short entry signaled. I am waiting for further confirmation. Patterns: Phase 7 hyperwave | Parallel channel Horizontals: S: $3,588 | R: $4,062 Trendline: Close below today Parabolic SAR: $4,081 Futures Curve: Backwardation Funding Rates: Longs receive 0.1079% BTCUSDSHORTS: Appear to be picking back up after higher low TD’ Sequential: R2 = R1 Ichimoku Cloud: Close below Relative Strength Index: Back below 50 Average Directional Index: Just like that -DI crossed +DI. But still no trend so I think it is irrelevant. Price Action: 24h: -9.7% (strong indicator for me to stay away from short) | 14d: +0.6% | 1m: +6.8% Bollinger Bands: Tested bottom band / peaked through. Stochastic Oscillator: Sell signal nailed it. Summary: There are a few indicators that are keeping me slightly bullish: today’s selling volume was not that impressive, the backwardation in the futures curve and closing above / continuing to support $3,575. That being said, if we do not reverse in the next 24 hours then I will be changing that stance. There is still room for a strong bounce if we can support the $3,600 area and breakthrough $4,200. A red 2 falls below a red 1 at $3,510 and if we fall there at any point I will be bearish. A stop order to short that price feels high probability but I do not like the risk:reward. Just because I think / feel like a market has a high probability of moving in a certain direction does not mean that it provides a good trading opportunity. ETH:USD found support above a bullish 33 MA. Using slightly below the days low as a stop loss does provide a favorable setup for a long. Furthermore there is a confluence of support from horizontals. That feels like the best option right now, but that could change fast.
BITMEX:BTCUSD.P
by Sawcruhteez
Bitcoin Daily Update (day 238)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My most recent Bitcoin Bubble Comparison - 3 Day Chart led to the following calls: < $5,750 by 11/15/2018 & my prediction for the bottom is $2,718 by 1/20/19 | | Calling for $35 ETH before the end of 2018. Full disclosure: I have been golfing, drinking and smoking all day long Previous analysis / position: “Watching for a potential bearish hikkake on the 12h and 4h charts. If that happens it would also line up with a breakdown of the 12h cloud.” / Short USDT:USD from 0.0968 and short ETH:USD from $200.50 Patterns: Wyckoff Hinge Horizontal support and resistance: S: $6,395 | R: $6,415 BTCUSDSHORTS: Continues to support inside the triangle Funding Rates: Longs pay shorts 0.01% Short term trend (4 day MA): Closed above (bullish) Medium term trend (4 week MA): Neutral Long term trend ( 32 Week): Bearish Overall trend: Chop Volume: Lowest weekly volume in a year FIB’s: 0.618 = $6,530 | 0.5 = $6,441 | 0.382 = $6,351 Candlestick analysis: Daily and weekly doji Ichimoku Cloud: 4h cloud shows strong resistance at $6,411 | Still inside 12h cloud TD’ Sequential: Weekly red 3 Visible Range: Looking back to September 6th (when this range started) point of control at $6,400 and two high volume nodes from $6,386 - $6,464 | This is also the highest liquidity zone for all of 2018 Price action: 24h: + / - 0 | 2w: -0.49% | 1m: -4.2% Bollinger Bands: Two closes above MA, top band right in line with trend line Trendline: Connect Sept 28th and Oct 8th Daily Trend: Chop Fractals:Up: $6,792 | Down: $6,057 RSI: Stuck at 50 Stochastic: Hidden bear div’ on the daily Summary: This chart reminds me a lot of the movie inception. There is a triangle on the daily chart that everyone has been watching for months, but “we need to go deeper!” Zooming into the 4h chart and we see a descending triangle that started with the high on September 28th, but “we need to go deeper!” Zooming into the 1h chart and we see a symmetrical triangle that started on October 23rd. The 1h triangle comes to a head in about 13 hours. I can’t imagine consolidating $6,400 any longer than that. I am just hoping that we don’t drop to $6,150 and then consolidate between there and $6,385 for another two weeks.
BITMEX:BTCUSD.PShort
by Sawcruhteez
3
Bitcoin Daily Update (day 195)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to learn more about how I use the indicators below and Click here to get my complete trading strategy! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. My most recent Bitcoin Bubble Comparison led to the following predictions: 1 day - 28 days = < $5,750 | bottom prediction: $2,860 by 10/30 Previous analysis / position: “If you are not in a position then opening a short with one third of your desired position size at each level of resistance should provide a favorable risk:reward.” / Short ETH:USD. Took profit on 33% of position improving my average cost basis to $317.37 per ETH. Patterns: Descending triangle Horizontal support and resistance: S = $6,188 - $6,225 | R = $6,309 & $6,385 BTCUSDSHORTS: Appears to have created a higher low and is bouncing off a hammer. Funding Rates: Shorts pay longs 0.0589% 12 & 26 EMA’s (calculate % difference): 12 = -4.73% | 26 = -6.27% 50 & 128 MA’s: 50 = -9.38% | 128 = -11.81% Volume: Volume decreasing as price tries to bounce. FIB’s: 0.786 = $6,379 | 0.618 = $6,783 Candlestick analysis: Daily inverted hammer. Currently re exploring the wick. Ichimoku Cloud: Tenken-Sen = $6,765 | Kijun-Sen and cloud = $7,165 TD’ Sequential: R6 Visible Range: Currently testing point of control (POC) with 2m - 1y lookback. BTC’ Price Spreadsheet: 12h = +/- 0 | 24h = -1.16% | 1w = -13.14% | 2w = -11.11% | 1m = -3.67% Bollinger Bands: Bouncing off bottom band. MA = $6,700 | Tightest squeeze we’ve seen since April 24 2017. Trendline: N/A Daily Trend: Chop with a with a bullish bias. Fractals: Up = $7,426 | Down = $5,866 On Balance Volume: Moving with price / no div’s ADX: ADX > 25 while -DI is trying to coverge Chaikin Money Flow: Bear div' on daily. RSI (30 setting): W = 48.98 | D = 44.13 Stoch: Posturing for buy signal Summary: It still feels'' too early to breakdown $6,150 support. I feel like we need to range for another couple days or bounce up to the 12 EMA. I would stay away from opening a short at these levels in favor of waiting for a bounce. Retesting $6,600 - $6,700 and then breaking down $6,000 feels'' like the most likely outcome at this point. If we do get a bounce then it will be a picture perfect shorting opportunity. You don’t not want to cost yourself that opportunity by entering too soon. Remain patient, let the price come to you, and never chase!
BITMEX:BTCUSD.PShort
by Sawcruhteez
3
Bitcoin Daily Update (day 179)I believe that it is possible to beat the market through a consistent and unemotional approach. This is primarily achieved through preparing instead of reacting. Click here to get my complete trading strategy and click here to learn more about how I use the indicators below! Please be advised that I swing trade and will often hold onto a position for > 1 month. What you do with your $ is your business, what I do with my $ is my business. FULL DISCLOSURE: I have been golfing, drinking and smoking all morning. 1 day - 1 week: short squeeze/test top of triangle at $7,000 -$7,400 | 1 week: Retest $6,000 | 1 month predictions: < $5,750 by 9/24 | bottom prediction: $3,000 by 10/30 Previous analysis /position: Closed my ETH:USD and ETH:BTC shorts due to btcusdshorts’ and lack of sell off following ETF denial / Smoking cigars on the sidelines Patterns: Higher highers and higher lows on 4h, could form a trend Horizontal support and resistance: R: $6,750 - $6,850 | S: $6,670 BTCUSDSHORTS: Pulling back from 40,000 and currently testing trend Funding Rates: shorts pay long 0.0079% 12 & 26 EMA’s (calculate % difference): Price back on top of 12 & 26. Testing 26 for support | 12 = +3.06% | Bullish cross on 1h - 12h 50 & 128 MA’s: 50 = -3.02% | 128 = -9.51% Volume: Still below MA, watch for spike if/when we break $6,800 resistance FIB’s: 0.618 = $6,508 | 0.5 = $5,882 Candlestick analysis: Re exploring wick from Aug 22. Usually view this as good selling opportunity, not so sure this time. Ichimoku Cloud: Saw a tweet (can’t remember who from) who ran a script that determined the Weekly Tenkan-Sen and Kijun-Sen are the most spread out (C-Clamp) in years. Strong indication of a bounce. Daily cloud at $7,150 should be resistance TD’ Sequential: 9 on the 6hr Visible Range: Gap in volume from $6,800 - $7,300 (3 month look back) BTC’ Price Spreadsheet: 12h = +0.69% | 1d = +1.46% | 1w = +6.46% | 2w = +6.46% | 1m = -19.62% Bollinger Bands: Daily is the most bearish indicator yet. Top of band + horizontal at $6,800 could be sneaky resistance and/or cause for a trap. Trendline: Connect March 4th to July 24th. Next touch will be around $7,650. Daily Trend: Bullish Fractals: UP = $6,916 | DOWN = $6,226 On Balance Volume: Breaking through resistance on daily. ADX: Bullish cross is meaningless unless ADX’ supports > 25 (would indicate further chop) Chaikin Money Flow: Weekly still showing large bull div’ | Daily is pulling back for a slight bearish div’ RSI (30 setting): W = 49.29 | D = 48.40 | If both cross 50 it would confirm my expectation of a rally over the next week or two. Stoch: Daily trending up nicely, with some room to go. Weekly has been trending down, now %K is angling up. Summary: I started out by seeing a bullish short term setup with my top (most important) indicators, such as: btcusdshorts’ pulling back from resistance. Price > 12 & 26 day EMA’s combined with bullish cross on 1h -12h EMAs. The chart also looks like it is about ready to bust through a key level of resistance. This is when an inexperienced trader can easily get fooled into buying resistance. This is a great example of why I like to go through all of the indicators that I have found important in the past. That helped me to notice following resistance cluster before getting too excited: daily BB, horizontals with high volume node, daily Williams’ Fractal and the 9 on the 6hr TD sell setup. Instead of taking a small (1 / 5 normal position size) long I will be staying on the sidelines and prepare to sell the bounce. Cheers!
BITSTAMP:BTCUSD
by Sawcruhteez
1
Bitcoin ETF bullocksHey there, So about this spike last nigt in bitcoin and people talking about an ETF decicion tomorrow, I have some bad news for you...it is not going to happen according to what I see in my graph. Here you can see the BTCEUR graph, iI know it is in Euros but IM from Holland and I just love the BTCEUR on coinbase graph because it is verry acurate in terms of trendlines and fibbonachi numers. But you have to see that for yoyrsel I guess. Anyway back to the graph...we can see a big spike from last night, unfortunally bear clouds are already packing over bitcoin as you can clearly see that both the RSI and MACD are already gearing up for huge bearish divergence on the houly graph. This, coupled wit that rathergood looking invertred head and shoulders pattern gives us a reasonable target of around 6150 euro. Here is also a horizontal recistance (yellow line) that has been tested for three times now. This horizontal line is also just short of the 0.5 fibbonachi retracement of the entire move down. Looking at the combined package of the brearisch divergence in both indicators, the three times tested horizontal recistance line, tagret of the inverted head and soulders pattern and the 0.5 fibbonachi retracement level i doubt the bulls can push it much higher then 6150 (maybe a spike to the 0.5 retracement but thats it). So this is the level where im going to put my sell order. I know this is the BTCEUR graph and we mostly see BTCUSD here on TradingView, but as i said before, I find that the BTCEUR on coinbase is verry accurate in terms of trendlines, fibbonachi levels and so on. Just give it a try for yourself or copu these ideas in a BTCUSD graph and see for yourself. I will uptade this idea with a donwards target after my initial target of 6150 euros has been hit.
Short
by Beefchest
BTCUSD- Short Term Trade Set UpHi all, I'm taking a look at the current movement of BTC 4.64% . The MA is showing signs of a bullish crossover, and these next few hours will prove to be pivotal. The last bullish crossover we had that was of any significance was back in April, excluding this fake out bullish cross that occurred on the 8th of July. For the near short term, we can find a sideways resistance around 6700 (red arrow), and a sideways support around 6400 (green arrow). We of course have a major horizontal resistance around 6840. Major horizontal support brings us around 5800. If we breach the red line, consider opening a long and taking profit at the horizontal support. If we breach the green line, consider opening a short and re-entering at the sideways white line. Be sure to set a tight stop loss for any of these trades, as the movements may prove to be quite impulsive at the drop of a dime. If this post gets enough love, I will provide live updates. Happy trading!
COINBASE:BTCUSDLong
by NickPadovani
strugle of MPP 110.769 AgainAlthough we can see a return to the horizon which attacked a few days ago overall, UJ is no exception. Also, unlike the previous contact at 6/15, it is stopped cleanly. On the other hand, when considering that the wall of the limit order is thin due to overshooting of double zero 110.000 over two times, It seems to be becoming short-term advantage. 1) It was confirmed that MPP 110.769 functioned as resistance. Aim for a short, try a double zero 110.000 penetration. However, if it is determined that 110.000 penetration has failed, the position is handled. 2) price penetrated above MPP 110.769. If MPP can be confirmed as a support line, consider a long targeting around 110.5 which is before the weekly trend line. ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Short
by fondiea
1