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Multipivotline

#bitcoin - Sell-Off not successful so far. Looking at this nights try to initiate of a breakdown the support level failed for now and has been bought back big times. This does certainly not mean we are out of the woods, but closing the week above the Quaterly Pivot was a good start, especially with a spot-landing on the potential low of the potential Adam and Eve. We do know this pattern well from our $3k-bottom, so don´t laugh at it or even ignore it. It will certainly be invalidated if we breakdown, but that´s not the case yet, it has been defended. With the new Weekly Pivot just above the price around $9.8 (red label) and the Trendline coming down, this is the mark, that we have to overcome to make this A&E possible. Too early to trade. ____________________________________ (This is a follow-up, I missed the whole thing cause watching Fortnite WorldCup, CONGRATS to BUGHA, you a hero man!! ;-P) Warm regards, Neru
BITSTAMP:BTCUSD
by Gl4diator
3
#bitcoin - 3D important levels #pivot #trendlineAnything red or yellowish is sort of starting to worry me. Also talking to a lot of people recently, I start to think the bearish approaches might have some good reason to do so. Some important levels down here, that BTC should stay away from. Let´s not break the P-Q downwards! Sideways would be enough (for most of us). ;-) Happy trading guys and stay safe. Always set stops. #dyor ..................................................... Warm regards, Nerubica P.S: To those who start asking me about why I almost never give directions: If you fixate on an idea you lose the capability of adjusting your strategy and do the right thing, that´s the reason, make two plans as you would write a code, if and else.
BITSTAMP:BTCUSD
by Gl4diator
1
GBPUSD AnalysisIt seems to me that GBPUSD is gathering energy for the last move down - to reach the big-scale 50% reatrecement at 1.6522. The 1.66 key level has proved to be a strong resistance for the recent price action. Should it fail to hold though, price might get to the median line, thus retracing 61.8% of the recent swing down. But the down trend is very strong. GBPUSD has been in the strongest trend of all the majors. So the odds are rather with the sellers piling up their orders along the bear trend line. The price distance to the target 50% retracement is exactly as much as what market had made to the upside on Aug 20th, so 1.66 seems to be a balance line, along which the action to the upside is going to produce reaction to the downside. Let's see how it develops. ----------- Disclaimer: There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice. The presented set-ups are not solicitations of any order to buy or sell.
Short
by ForceFollower
21
AUDNZD In the RangeAUDNZD may be heading for the 1.091 multipivot level once again. But first another test of the magenta median line. The AUD is getting stronger, much more so than the NZD. Found support above the prior major low, broke the basic bear trend line and is ready to make another leg up in this trading range we've seen it since the beginning of this year. ----------- Disclaimer: There is a very high degree of risk involved in trading forex. I assume no responsibility or liability for any trading or investment results. My posted statements and charts may unintentionally include inaccuracies. All content posted is for educational purposes only and is not a financial advice.
Long
by ForceFollower
3