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Pivot

bitcoin. Short potential. 2day. CamarillaCam monthly levels. we hit the top of predicted monthly range perfectly. if we reject here. the typical play would be to target the L3 on the otherside. supporting information is that the sentiment is very bullish. over confident. fear and greed highest since 14k last year. fisher transform on 2day is +4. TD9 sell set ups are on larger time frames. godmode on daily and two day signalling top locally. wave trend. The inverse of wix sensing top points. OBV shows lot of buying in this area. The PPO is in the red extreme warning threshold. The defi movement is just big money narrative or getting more money to begin with. the worlds economies are going to face hardship the coming months. BTC has NEVER been a good storage of value at these levels. People are trying to compare the price action here as if it is unstoppable like 2017 however this is not a blue sky breakout. That is just my two cents. P.S Potentially we could bounce from 11.8 or see the H4 level or up to it for some upside hunting. that is a large space so exercise caution. stop loss yourself maybe around 12.1 and look to reposition after that happens if it does.
Short
by Gunslinger2005
Buying opportunity for BCHUSDT, 1HPrice have pretty strong support in Fibonacci Pivot Points. There is also pretty nice bullish cross on MACD. After that I expect price to turn and to go to R1 (~238), R2 levels (~244) Disclaimer Please remember that past performance may not be indicative of future results. Due to various factors, including changing market conditions, the strategy may no longer perform as good as in historical backtesting. This post and/or the script don’t provide any financial advice.
Long
by QuantNomad
1
S&P500 - are bears winning? Ok, here we go again. 2nd wave of Covid19? spike in many cities? disconnect between real world and the stock market finally hitting home? etc etc.! To be honest, it appears to be a disconnect but as a technical trader I would just make it simple and follow the charts - although the emotions of trading is anything but simple! :) S&P's recent pullback is still within the range of a market "consolidation" and with support zone around 2940-2960 (horizontal support and 61% fib retracement). At the worst case, we will retest the recent pivot low @ 2923. A test and rebound is fine. A close below this worst case scenario (2923) will mean it is safer to err on the side of bearishness and stay/get out. So let's see.
CME_MINI:ES1!
by Juliac
1
Simple pivot strategyFree money. Price usually never misses daily pivot. And if price does miss pivot during a day - it will come back to that level sometime later. God knows when but it will. This applies to all pairs but works very well in gold as you see. If you see price open with a gap away from the daily pivot - you can safely target daily pivot 90 percent of time it will hit it. Those 10 percent of times when price might miss a pivot happen during the strong trends. Actually a missed daily pivot or two marks a START of a strong TREND. Test various instruments yourself and just get convinced. The same applies to weekly and monthly pivots. With missed weekly pivots you can catch dozens of pips. GOOD LUCK!
OANDA:XAUUSDEducation
by ICFX
4
Camarilla pivots Wild guess for coming PASo this is not financial advice. I come to this guess because we have a tiny channel on the daily levels just under the pivot point. If we break the pivot I think the daily could swing high and take us up to low 10kish. that is where both the weekly and monthly top range level is (10.2-10.4) for max resistance. And since it is early In the week I think perhaps we will correct it from there. seems like a fitting hunt and false break out on low time frame traders shifting into a suitable early weekly and monthly Range downside play for proper correction. From there we maybe could see if it holds up... IF it happens.
by Gunslinger2005