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Localmaximum

BTCUSD Is Strongly Bullish, where it can stop?We explained about this upcoming rise when we had fake breakout : and then as confirmation of pump, we need that the black trendline break and it happened and the pump continues. Now we have a valid resistance zone ahead that we may see some correction there at least if not dump happen, what do you think? (lets discuss in the comment section) Notice: daily resistance on 40K and now is local resistance too. DISCLAIMER: ((trade based on your own decision )) <>
BITSTAMP:BTCUSDLong
by MMBTtrader
30
Five types of major support and resistance levelsWant to buy the bottom and sell the top? Want to predict major turning points in a security's price? Want to avoid buying too early or selling too late? Then you need to understand support and resistance levels! I know a lot of people who mostly trade breakouts. That can be a very successful strategy, and I've used it myself to good effect. But if you buy a breakout after it happens, you pay a "breakout premium"-- especially if you're buying option calls or puts. You'll get a much better price on options if you buy them *before* a breakout or *before* a major change in momentum. How do you do that? Know your support and resistance levels! Once you know how to identify the different types of support and resistance, you can look to see where several different types of support or resistance coincide . Those will be key price points at which different types of investors who rely on different types of indicators will all buy or sell at the same time.
NYSE:HPEEducation
by ChristopherCarrollSmith
3
#bitcoin - Bears be careful ...I am not convinced that we go down from here. I know many are calling the $8k again, but I would really be careful with shorting into this. This construct that we see here, looks at the moment more like a temporary retrace to satisfy profits and short scalpers, this does not look like a typical local high. The old A&E max-neckline was accepted as support and we have a new breakout-level, we are just now trying to get back over the R1-W Pivot, also sitting on a developing hidden bullish divergence. Targets remain. I won´t change anything for now, only if we get harshly rejected anytime soon in higher than an H4 candle formation or if we fail to overcome the R1-W Pivot. _______________________ Warm regards, Neru
BITSTAMP:BTCUSD
by Gl4diator
Use of local maximum and local minimum in early days of CIFS.Stock graph of IPO stocks in early days will not have enough data for popular indicators. In these cases, using local maximum and local minimum can help spotting possible breakouts of the prices. The local maximum and local minimum needs only 3 price bars. The local maximum is recorded when the middle high is greater than the left high and the right high. Similarly, the local minimum is recorded when the middle low is less than the left low and the right low. A trend line with an extended ray can be drawn to link the most recent pair of local maximums or local minimums. The custom indicator "Forex Insight Pro" automatically marks the local maximum and local minimum on your graphs. In this example of early days CIFS, the local minimum were marked on the day 3, 6 and 8. Drawing a trend line with an extended ray to link the local minimum of day 6 and 8 could help you see that the huge price surge in day 4 - 6 might fail to continue. On the other hand the local maximum were marked on day 6, 14 and 17. The ray that links between local maximum of day 14 and 17 could help to see that the breakout to a new uptrend was happening.
CEducation
by nimit.chomnawang