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Pivot

Daily and Monthly resistance. Gonna Test Pivot at 8k?Looks like on camarilla pivots + momentum oscillators + Trendline that we are facing some daily resistance and monthly camarilla resistance. It might be possible price gets magnet attraction to those purple pivot lines channel area before either breakout or breakdown ON THE OTHER HAND. we are at resistance and I am not seeing any VPT (volume price trend) sell signals like we do the previous time visiting these resistances. so be careful
DERIBIT:BTCUSD.P
by Gunslinger2005
After our U$ 2.5k trade, what's next?So, after our last trade on BTC, it went up about U$ 2,500 and we already realized our profits. We did catch that last bull trend, which started on April 22. If you missed it, you can check it here and follow me to keep in touch with our trades. Last trade on BTC, triggered on April 22: But what about now? As I said in my last analysis, since we’re out we’ll wait for another sign, could it be bullish or bearish, don’t matter. For now, I can you that the price is doing that typical move after a strong trend - it gets “sleepy”. Could be a sideward movement, very common in accumulation or distributions, or we still could see a pullback here, after all, BTC could drop all the way down to U$ 7,500 without spoiling the bull trend. Honestly, I’ll consider buying back if it drops there. Let’s see what the hourly chart tells us: Yesterday I warned about that H&S pattern, that if triggered it could sink the prices way down. Well, it wasn’t triggered, and the price is moving sideways without any pivot. As I said, it is “sleepy”. Until now, there’s nothing new here. Just be patient, no rush, use the time on your favor. Let’s wait for the next pattern appear, calmly, patiently, cold-bloodedly, like a sniper. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
BITSTAMP:BTCUSD
by Nathan_The_Finance_Hydra
2
SPX - The day after the bears bled.Now, after the bears bleed yesterday, we see another pullback. Like I said in my last analysis, there’s nothing here that tells me the trend will change. I’ll say the 6th tenet of Dow Theory again: “Trends Persist Until a Clear Reversal Occurs”. Until then, it’s a bullish trend. Now, what would make me change my mind? Simple, if the price loses that light blue line in the chart would trigger an alert in my head. Also, I like to check the hourly chart for some insights: See that blue line, indicating an upward trendline? If the price closes under that line, I’ll be alert too. Meanwhile, there are no technical reason to buy, neither to short, because you take the risk of losing some money (like yesterday’s bear trap). I prefer to wait for some confirmation, calmly, patiently, like a sniper. Check out my last SPX analysis here: Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
TVC:SPX
by Nathan_The_Finance_Hydra
5
XTZ - Time to get your profits?Ok, so XTZ reached the “resistance zone” and did a bearish pattern. As I said in my last analysis here, I’m not in XTZ, and would only buy it if it dropped back to some support, which could be the 21 ema, that blue trendline or any of these red lines on the chart (previous tops). It’s still a bullish trend, but if you have some Tezos with you, be aware, because you may see a pullback. It would be a natural movement, and out attract more buyers (me for example), who didn’t catch this trade down there. Today’s candle is a little uncomfortable for those who are long but remember the 6th tenet of Dow Theory: “Trends Persist Until a Clear Reversal Occurs”. If you are a more aggressive trader, you could investigate the hourly chart for more clues: The price dropped and lost one support (red line), and now it’s struggling at another one (black line). I maintain what I said in my last analysis, and you can set you stop-gain in different ways, accordingly to your will. You could’ve stopped when it lost the red line, or when it does a bear pivot in the 1h chart, or if tomorrow it loses today’s candle low, for example. It will be all accordingly to the technique and your psychological state. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
KRAKEN:XTZUSD
by Nathan_The_Finance_Hydra
8
SPX - We warned about the bear trap.Hello investors! Yesterday, I saw some traders calling it a short opportunity, but we already knew it was a bear trap. Just as I said in my last analysis, SPX resumed its trend and yesterday was only a healthy, necessary pullback for the price “take a rest” and go up again. How we knew it was not time to short yet? Well, it just did a pivot at the hourly chart, and the price found support in both the light blue line (previous top) and the 21 ema. That means yesterday was only a pullback. Hourly chart: We should be very careful and remember the Dow Theory’s 6th tenet: Trends Persist Until a Clear Reversal Occurs. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
TVC:SPX
by Nathan_The_Finance_Hydra
12
XTZ - The bulls are strong, but keep your eyes open!As a request, I’ll analyze Tezos today. It did an impressive bullish move, and now is near a resistance zone. It is pivoting continually, and the bulls doesn’t seem to be weakening at all. At the hourly chart it did a H&S pattern, which would give a very nice trade, as you can check here: If I was in the trade, I would be very aware of the “resistance zone” and get out if the trend change. It could be a bear pivot, a bearish chart pattern or even the loss of a previous support, as indicated by the red lines in the daily and hourly charts. Suit yourself here and do whatever gives you more psychological comfort. Since I’m out, I must wait for a pullback, and the “resistance zone” is the ideal place for that to happen. Remember to follow me, I’m a trader who uses the classic technical analysis (barely any indicator, just the candles and the volume). Like this idea if it helped. Thank you very much. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
KRAKEN:XTZUSD
by Nathan_The_Finance_Hydra
2
SPX - Just closed a GAP.* Remember to support with LIKE and FOLLOW me for more analysis * SPX today’s candle is a little annoying, yes, but we shouldn’t expect that the market can always go up, without taking a rest. The price respected the 2858 support zone (light blue line) and closed a gap. If we look at the hourly chart, we may see this move as a correction after a pivot breakout, which is a natural and healthy move for SPX. Now, there’s not much to do. Like Charles Dow would say, the trend will continue, until it got reversed. In the lack of any bearish sign, we can understand any drop in the prices as a pullback. * LIKE this idea and FOLLOW me, because: - Here, you will see clean charts; - Daily analysis; - Trades with clear risk management; - The best of Dow Theory, Price Action and Candlestick psychology; - Chart patterns with statistics. * * My name is Nathan, I'm a trader and portfolio manager and I'm here to LEARN. Leave your COMMENT and FOLLOW me to keep in touch. *
TVC:SPX
by Nathan_The_Finance_Hydra
Today Pivot Points Support and Resistance | Try itI calculate the important lines of support and resistance in my own way. They are good for determining the end or beginning of new trends, as well as for intraday trading and swing trading. In any case, this is a very important confirming moment for my trading strategy. Try it and tell me your opinion. Thank! TICKER S3 S2 S1 Pivot Point R1 R2 R3 EUR/USD 1.072 1.077 1.08 1.086 1.09 1.095 1.1 USD/JPY 106.572 106.967 107.213 107.673 108.019 108.396 108.753 GBP/USD 1.223 1.23 1.236 1.243 1.25 1.255 1.261 AUD/USD 0.62 0.625 0.63 0.634 0.64 0.643 0.648 USD/CHF 0.959 0.962 0.966 0.969 0.973 0.976 0.979 NZD/USD 0.584 0.59 0.593 0.599 0.604 0.609 0.614 USD/CAD 1.384 1.393 1.4 1.409 1.418 1.425 1.433
Education
by MinnieTrading
4