FREE PIVOTS. LASS look alike Try these indicators out. Below are ways to set up the chart. Look at the shadows on the stochastics for overbought and oversold areas. Here are the indicators you can use on Tradingview for PIVOTS and LASS look-alike.
Pivotal Zones
EMA 50
EMA 200
RSI
Stochastic
Stochastic
Stochastic
Here are the settings for the stochastic and RSI
Yellow Mountain = Indicator Stochastic- Settings Input 4 3 3 Style %K area color dark blue, %D color yellow Upper Band 80, Lower Band 20
Red Mountain = Indicator Stochastic- Settings Input 10 3 3 Style %K area color dark blue, %D color red Upper Band 80, Lower Band 20
Orange Mountain = Indicator Stochastic- Settings Input 20 7 4 Style %K color dark blue, %D color Orange Upper Band 80, Lower Band 20
Purple Mountain = RSI (use the default setting 14) Area color purple
If you want a dark background, the Style %K should be white or a light color.
MT4 Set Up
Use to get pivotal zones on MT4 www.best-metatrader-indicators.com
Lass
ETH Exchange Trading 21-12-12I need price to make a lower low or a higher high. It recently visited teh 78.6% zone again and went out but has not been far out of the zone this time. It's almost there again so maybe this time it will fall through. I would wait to see what price does before trading ETH at this time.
DOT Exchange Trading 21-12-12DOT has broken down out of the 50% level twice but the 61.8% seems to be holding pretty well on the daily. For that reason, I am only showing the relevant part of the chart in this image. It does not look like price is going to drop below the $26 level. It has been there twice in the past few days. However, we are looking for a higher high around 31.65 before I would consider buying.
BTC Exchange Trading 21-12-12BTC is nearing the 78.6% zone again. It already retested it once. We don't have a lower low yet. That would be a good indication that price is still coming down. If we get a close around 46k that would show some solid downward momentum. Otherwise, price may just go right back up.
ADA Exchange Trading 21-12-12I am using the Daily chart because the Hourly does not give a good picture. Price is currently back in the Daily 78.6% zone. It is falling again so the entry may be found on the lower time frames. Look at the M30 or M15 for a good entry. Price went past the 88.6% level and then came back into the zone, went pretty high up into the zone but did not make a new Higher High (HH) we only have Lower Highs (LH). I am still waiting for that entry around $1.00 where the Drop-Base-Rally is to the left. Unless price does not create a new Lower Low around 1.15 or 1.10 and then comes out of the 78.6% zone. Then I would take an entry around 1.50 as price came out of the zone with a strong engulfing candle.
Additionally, the stoch looks overbought so price should continue to fall until we see an oversold condition.
FRI BTC Report. short-term up then down over wkndBTC is bouncing of a previous level of support (The RBR to the left) which was also a previous level of Resistance. This is also the current 50% zone of the longer term trend. LASS has momentum to the upside on the lower timeframes but is in the middle of the range on the H4 and Daily. And there is no momentum. Price may move up for a little while but look for it to go into the 50% zone over night or possibly through the weekend. You can see the channel is being respected too.
Poor BTC has been taking a beating lately in the press and with investors. Looks like a bit of a false hold on price...We will see how soon it breathes. The DXY was sideways all week, BTC Dominance at least has a new higher high from yesterday's candle but we need another one to prove it's a continuation. CoinGecko shows that ETH has more than half of BTC's market cap. The Flippening may happen but not soon. I would expect BTC to continue up for a little bit then head back down into this slow downtrend over the weekend. Maybe we will see a huge dip over the weekend again and my buy at 43k will get activated. Fingers crossed!
Friday BTC Report. Dropped a lot and more to comePrice is in a freefall right now. There are a few places it should stop. The first place is a previous retracement Seller’s Last Stand Zone (SLS or 78.6-88.6% Retracement Level) between 51,384 and 50,215. Price broke through this as I was typing this up. It is holding but price took a fast train down over $3,000 in the last 15 minutes. It has now moved down to exactly 48k and seems to be coming back up but I just watched BTC drop 6k in about 6 min.
First, let’s look at Impulsive Move 1 and Retracement Move 2. We will also look at the SLS zone created by Retracement Move 1.
If you look at the chart, the retracement from Impulsive Move 1 (I am calling this Retracement Move 2) came down almost all the way down to the Seller’s Last Stand Zone between 39,313 and 38,239. Price wicked down to 39,600 which for Bitcoin is the same as hitting the target. You will also notice that it was inside the 50-61.8% zone (Buyer’s Zone). In this retracement, price did not go very far into the 50% zone and it did a prefect second touch and then shot up strongly from that second touch. It was also a shorter retracement in terms of time. This was only 22 days.
Second, let’s look at Impulsive Move 2 and Retracement Move 3. We will also look at the SLS zone created by Retracement Move 2.
Looking at the chart, the retracement from Impulsive Move 2 (I am calling this Retracement Move 3 and is the current move) Price has completely pushed past the Seller’s Last Stand Zone from Retracement Move 2 between 51,384 and 50,215. Price has also broken well below the current 50% zone and is heading quickly toward the Buyer’s Last Stand Zone between 46,707 and 44,053. Price has almost broken down out of the channel but seems to be respecting it currently. I doubt this will hold. Price is really reaching right now.
Both the H1 and H4 LASS support price dropping further. I do believe we will see close to if not just below 40k BTC this weekend. Maybe even tonight. I may not get any sleep tonight lol.
Wednesday BTC Report. Consolidation slight rise.BTC is consolidating. More than likely, it is the news of COVID that is suppressing it. There isn't any news I can find that is negative toward BTC. The DXY is coming down but it is not having the effect on Bitcoin. BTC Dominance is still sideways too. The Daily and H4 LASS are both in the middle of the range with no momentum. All this contributes to the sideways action over the last 4 days. Price has been staying above 57k and the 8MA. The stoch is pointing up but that hasn't made any difference lately. Hopefully price will finally move up but there may be even more consolidation in store.
Monday BTC Report 21-11-29Price is currently playing between the 50EMA and the 8EMA. We didn't get a higher high before the retracement and you can see in the descending channel that price still did not break out of it. News events are affecting the run at this point. FUD brought on by misinformation from misguided news outlets worldwide. The DXY is falling predictably as well but the issue for BTC I think is Dominance. It has been consistently falling and is now around 42% which is very low. ETH Dominance on the other hand has been steadily increasing and is higher now than it has been since March of 2018. I do believe that much of the investment in crypto from the retail side is in the ALT coins. That's where the hype is and that's where retail investors usually put their money. In hype created by the institutions.
Sunday BTC Report. Small retracement then continuation up.BTC is no longer on sale lol. No Cyber Monday apparently. Saturday was a really strong move out of the 50% zone and has support from the Stoch and LASS. DXY is coming up a little today. And BTC Dominance is finally near a new high around 43%. I expect a small retracement around the 50EMA before price continues in the uptrend. I also made a few changes. I am using the Line Chart now since Lee was talking about how the institutions look at charts. Since BTC now has a lot of institutional money I would rather look at it their way. Also, I am putting the values in the chart because it was brought to my attention that the numbers on the charts weren't legible. Happy Trading!
So it looks like the Buyer's zone worked after all. That little retest was all it took and price jumped by around 4,500 so far over the last few hours. If you look at the structure, the candle coming out of the zone that ended Saturday was the entry. Price did come back in and retest but only with a wick. Not with any strength. It's amazing that if you look left to the red circle, there is a serious bit of structure that held. That Rally - Base - Drop - Base - Rally is exactly where price did it's Drop - Base - Rally into and out of the 50% zone.
Saturday Night BTC Report. Consolidation with a probable drop.So, I am trying to use a line chart now instead of candles and wicks. We will see if this is more accurate. Right now BTC is retesting a 50% zone. I think we may see a drop into the zone overnight. There is a level at 52,700 that might work out as a reversal zone. but I would also wait and see if it hits the 200EMA which would be around 49,900. BTC dominance has broken the 8MA up but is still at less than 43%.
I'm trying something different today. I am using bodies not wicks. So I am using a line chart instead of candles for the Fib levels. We will see if that proves to be more accurate. Still working on the daily chart. Right now, price has retested that 50% level and has paused. I think that peak t the left at 52,698.81 is probably going to be tested tonight. This would make a great entry if the blue crosses the orange on the stoch. Pivots isn't working right now so I don't have any info from there. I also found out that the screenshots don't show the values so I am including them on the lines and boxes.
Black Friday BTC Sale Report.Black Friday Sale BTC Report lol. So it's the Friday after Thanksgiving here in the US and BTC is on special pricing sale! There may be a small drop over the next few days but BTC is on the clearance rack. Get it while supplies last! I don't see why BTC would jump out of this zone right now. I really feel like it is coming down to the two reversal zones I have indicated on the chart. Also, we are close to the 78.6% zone so that would be just in time for Christmas! Thank you Bitcoin Santa!
So BTC did go up and retest. But then continued on down past the 50% zone. If you look to the left, there is good structure at this level. But I don't think BTC is done falling. Structure at 53k and 51k are places BTC can go down to without much struggle from current price. Daily LASS is oversold on both Red and Orange. Yellow is more or less in the middle of the range. No momentum on any of them though. H4 LASS has momentum on the Yellow and it looks pretty strong. But Orange is still coming down and red is tipping up just slightly from the oversold area. On the LASS chart based on KOT4X the 200 EMA is very close to current price at around 52k. As you can see on the Trading View chart based on Coinbase, the 200 EMA is significantly lower; around the 50k level. The DXY is closed now and has dropped significantly today. But that is not reflected in BTC's price. And BTC Dominance is still stuck in the low 40% levels. Unfortunately, this does not look healthy for BTC right now.
Wednesday Night BTC Report. retest then upWednesday Night BTC Report. Driving last night so didn't have time to send it out. Tonight looks like BTC is on the way back up even though we have a bearish colored candle. The candle itself is actually bullish and based on the LASS and Stoch should continue up. I expect price to come out of the 50% zone, retest at some point overnight and then continue the uptrend. Heed my words BTC!!
Monday Night BTC Report. Consolidation around zone.Monday Night BTC Report. Cautious optimism. Price is likely to consolidate where it is right now in the middle of the zone or it may move all the way to the bottom of the 50-61.8% zone where there is some strong support. The DXY is moving up after a strong move from yesterday's candle. It still has a way to go even the the Stoch shows it as being overbought and flattening out. BTC Dominance has dropped abain to a new low of 42.61% This is not an all time low for this cycle, But that is not too far off at 39.69% Could be that all the external factors are really having an effect on BTC which means BTC has finally made it to the bigtime and institutions are starting to control/manipulate it.
Sunday Night BTC Report. Consolidating should go up.Sunday Night BTC Report. BTC Surprised me overnight. Still coming down but is probably going to retest the 50% before heading back up. The stoch is oversold but hasn't started back up yet. LASS has momentum on the daily but the H4 is still overbought. DXY opened but is heading down slightly. BTC Dominance is barely moving up too. Slow going but we should see price increase this week.
Saturday Night BTC Report. Should rise before the close tomorrowSaturday Night BTC Report. Price should start coming up soon. May wick down to 58,500 but we should see a higher close by tomorrow. A close of 60,500 is likely by tomorrow. That is also where the 8MA is currently. The DXY is closed so will have no effect. BTC Dominance is slowly coming up but is still below all the EMAs and needs to really jump up to be significant. I expect BTC to start that move next week around Tuesday?? We'll see.
Friday Night BTC Report. Consolidation or small dip before upFriday Night BTC Report. Well, I hope you got in earlier or even last night. BTC had a good move up today. Looks like price has exited the 50% zone and is going to continue up. May drop a little overnight or might just consolidate. Should see 60k tomorrow sometime. There is structure there that will probably pause price. DXY is at it's highest since July of 2020. Should see that drop soon. The BTC Dominance is coming off the low so we will see how it goes for that. ALT coins still having great success though.
Thursday Night BTC Report. Dropping more but not muchThursday Night BTC Report. Price is hovering around the bottom of the 50-61.8% zone. 55,300 should work as a support level overnight. There is a very strong structural component at this level. A Rally-Base-Drop-Base-Rally is from 55,300 down to 53,500. Get ready for entries coming up. LASS is oversold on the daily and h4 and the stoch is nearly oversold. Price shouldn't drop too much further.
Wednesday Night BTC Report. Small move down overnightWednesday Night BTC Report. Look for price to either go sideways or fall slightly overnight. Look to the 50EMA as a support level. DXY is retracing slightly so hopefully that pushes BTC up. BTC Dominance gapped above the 50 then came back down. Daily LASS is pretty much oversold on Purple, Yellow and Red. Orange is still on the way down.
Sunday BTC Report. Should move up slowly.Sunday Night BTC Report. Seems like we are done with the 50% buyer's zone and heading toward the seller's 78.6% zone. We are currently in the seller's 50% zone and have hit the top and then come back down inside but that candle that made that move is only 2 hours old. We should break out and probably nit the next resistance level overnight or sometime in the morning. LASS is all up with momentum and the Stochs are more or less supporting a move up. Let's Goooooo BTC!
Saturday Night BTC Report. Slow Rise over few daysSaturday Night BTC Report. Hope you got that entry! BTC is heading out of the 50% zone toward the seller's 50% zone. If it can make it through there, there are two more pauses along the way until it can break free with new all time highs again. The DXY is likely to continue up when it opens in a few days. And BTC Dominance is struggling. That has been sideways for a while. Likely due to the Alt Coins having a good time.
Friday Night BTC Report. Consolidation trending lower overnightBTC Friday Report. Consolidation trending down overnight and maybe the weekend. DXY is up and now closed. BTC Dominance has been flat since yesterday and doesn't look like it's going to change overnight. Look for an entry in the 78.6% zone from a wick or maybe price will slowly make it down there over the weekend. More analysis on the chart.