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Pivot

ETHEREUM | Beginning of a new move upA new month begins in a few hours, which also means the future monthly pivot points have been projected. And it looks promising! Not only are we at the bottom of a wedge but there is also the Support Zone which coincides with next months M2-Pivot. The basic plan is to wait for a small pullback within the next few hours to Monthly M2 and/or the Support Zone and/or the bottom of the wedge and then BUY BUY BUY! Then, If you are in the Trade watch closely if the Price breaks the 55 EMA because the price failed to do so the last three times, where it only touched and then bounced off of the 55 EMA.
BITSTAMP:ETHUSDLong
by MarcsPal
FUSIONGAPS DEMO2: BTCUSD winding up for another massive pump?Another chart analysing DEMO using my FUSIONGAPS oscillator showing a possible mid-term trend of BTC, by comparing on historical oscillator trends/patterns. Link to my FUSIONGAPS indicator: An earlier chart showing how to use FUSIONGAPS to pick possible good time/price for entry/exit. Not a financial/trading/investment advice. Exercise your own judgement and take responsibility for your own trades. ;) And if you like this set of indicators, and it has benefited you in some ways, please consider tipping a little to my HRT fund. =D cybernetwork @ EOS 37DzRVwodp5UZBYjCKvVoZ5bDdDqhr7798 @ BTC MPr8Zhmpsx2uh3F5R4WD98MRJJpwuLBhA3 @ LTC 1Je6c1vvSCW7V2vA6RYDt6CEvqGYgT44F4 @ BCH AS259bXGthuj4VZ1QPzD39W3ut4fQV5giC @ NEO rDonew8fRDkZFv7dZYe5w3L1vJSE51zFAx @ Ripple XRP 0xc0161d27201914FC0bAe5e350a193c8658fc4742 @ ETH GAX6UDAJ52OGZW4FVVG3WLGIOJLGG2C7CTO5ZDUK2P6M6QMYBJMSJTDL @ Stellar XLM xrb_16s8cj8eoangfa96shsnkir3wctdzy76ajui4zexek6xmqssweu85rdjxrt4 @ Nano ~JuniAiko (=^~^=)v~
BITSTAMP:BTCUSDLong
by cybernetwork
3
BITCOIN | Difficult for Long Term Trades but here's a Short OneNormally I focus on long-term-Trades that run for at least a week but Bitcoins' technical analysis is pretty hard at this time. During my analysis I found a short-term trade that runs for about 2-3 days (It is marked as Plan A). Clearly, we are in a downward Regression Channel (Blue/Red Channel) but the Price is currently exactly in the middle of the channel there is no trade there. But we are also in another downward regression channel (Yellow/Green Channel) and in this Channel we are at the Top, so a Sell Opportunity arises. It is also at the top of the downwards Trendline, which also suggests a Sell and it also bounces off of the 34/55 EMA. The Target for this Trade is next months M2-Pivot Point which also happens to be a strong Support/Resistance Zone (I also like how the past Pivot Points were almost exact the Support/Resistance Zones). Since this is M2, I expect the Bulls to step in and push the Price upwards, which then coincidentally will break the downwards Trendline and other Traders (also as Bulls) will step in since it is a classic Trendine-Breakout (Plan B).
BITSTAMP:BTCUSDShort
by MarcsPal
#bitcoin - The Escape, delayed by SMA200 and Weekly Pivot "H1"Alright, after breaking the last trendline upwards, the expected hurdle of the Weekly Pivot + SMA200 bundle of joy in the one-hour timeframe is now on. Don´t get impatient, this is a very important step to further healthy growth. Bitcoin needs to get over this first before creating steadily growing demand & therefore volume. Stay safe, don´t get #Fomo, always set stops. ____________________________________________________ Warm regards, Neru
BITSTAMP:BTCUSD
by Gl4diator
1
BTC enters correction, when to catch a falling knife?BINANCE:BTCUSDT BTC had a massive drop by $2,000 (~7%) in this morning after reached $14,000 resistance (as predicted in the previous post). This correction is needed for BTC's health because of heavy overbought of daily RSI. On the overall, BTC is still in bullish favor if it can hold above $10,300 (key support) in this correction. We have 2 possible scenarios of BTC's next move, as drawn in the chart. Besides, the buy zone, as well as supports/resistances, are also shown in the chart. This analysis is an update in regard to the previous analysis came to an end. The Fibonacci retracement, Pivots are employed, in combination with some technical indicators (hidden). This is not purely an investment advise.
BITSTAMP:BTCUSD
by Batrachotoxin
Understanding Traditional Pivot Points (Formula Diagram)Learning about market Pivot Points is powerful information as you can see in this 15 min Bitcoin session chart, the Pivot Points and their components (S1,R1,R2,R3, etc) are clearly respected by price action I did a pretty extensive search for a diagram/drawing to better understand the formula for pivot points and I noticed there really are none... This snapshot of a chart will help you to better understand how the Pivot Points are established as time goes on in the market... In the diagram you can clearly see what a session term is, what its high/low and close are... The formula for establishing the next session's Pivot Pivot is: high of previous session + low of previous session + close/3 = next session's Pivot Point I will be making other diagram's of other components of a session such as the S1,S2,R1,R2,R3, etc. If you're interested in learning more about Technical Analysis, subscribe to my youtube channel: "Kick Back Time" The more subscribers I get there, the more I will be encouraged to produce educational videos * You can find this indicator on Trading View by doing a search and it should come up right at the top. I like to use the standard/traditional
BITSTAMP:BTCUSDEducation
by Kick_Back_Time
1
XRP are you about to blow up?!Welcome to an XRP analysis Have not done one for a while, so i'll start with the observations: - Price coiling within a wedge pattern - Forming strong support at the 4100sat range - This is concurrent with its previous reversal point - However, notice that price action does not follow the surge of volume - No clear divergence pattern forming on the RSI as per previous run up - Check this with the MACD (no divergence detected) My take is that a full blown explosion is not as likely to occur, but rather a smoother consolidation and reversal pattern IF 4100 sat proves as a strong critical support level. Price action will need to bounce off this level, break out from the wedge and maintain higher highs. The Risk Reward Ratio is indeed favourable on this one, but don't be expecting a 10x return overnight.
by gingerbre4d
BTCUSD/BTCUSDT 1H and 3D charts (6/10/2019)Good morning, traders. The price swings as of late have been great for shorter-term traders, but are causing havoc on investors or those holding for longer periods because they don't know what they're doing. So they allow the noise (swings) to cause them stress and then emotionally sell out of one losing position and into another even though they supposedly bought for a longer term hold. As a result, most retail traders right now are trading scared, moving from one trade to the next and losing money in the process. They continue to jump into positions almost immediately after they exit another in order to "make up" their losses. If this sounds like you, please stop. Step back and take some time away from the market to get your emotions under control. You will lose a lot more money jumping around like that, chasing price, than you will by stepping back and relaxing. The reality is that all that's happened is that price has continued moving sideways in a TR. That's it. Accept your current losses rather than trying to revenge trade your way back into profit. My 4H chart from June 5th () remains the most relevant at this time. While the shortest term EW count has become invalidated, the larger count remains valid for now. More importantly, the TR chart on the right side shows price exiting through the descending channel's resistance. This now projects a channel target of $8960. The expectation, after the recent $400 rise, is to see consolidation above this local resistance before the next push up. As it's been, the red horizontal line marks the weekly/monthly pivot which price has been consolidating around as it prints the larger TR. I remain cautious at this time. Until price exits the TR, we don't know for sure which way it is going. All this chop within the TR is why novice traders end up losing their money. The trends are easy, it's when you attempt to trade smaller TF sideways movement that you lose your capital. The weekly didn't close well. We had a long-legged doji two weeks ago followed by a large bearish candle last week. Most traders consider this an indication that price is headed down, and many times it is. I have the 3D Binance BTCUSD chart attached for you to consider. The weekly 21 EMA is around $6100/$6150, so a trip lower would have me watching that level for the reversal if the two purple lines don't support price. The weekly/monthly R1 pivot remains at ~$12900, so a trip higher would have me watching that level as a target. The large descending wedge target is at ~$14500, which is the next target higher I am keeping an eye on. It still seems to me that the order block created the first week of November 2017 (highlighted in grey) is the dominant level. This is where price was supported throughout most of 2018 until the terminal shakeout in November and is the level that price is currently sitting above. If this is wave 4 printing right now, then the black TR in the Binance chart to the left states that we should see price testing the TR's resistance next at around $9000, if not a bit higher. If it does, then we usually expect price to return toward the TR's EQ at around ~$8200 or, if there is still too much supply, we will potentially see price targeting the bottom of the TR, or just below it (watch for a wick to the 3D 21 EMA to create a Spring). As mentioned last week, if this is wave 4 printing, then we should also be watching for a pennant to print in this area on the larger TF instead of price just heading up and out. Since wave 2 was 1.5 months in duration, wave 4 should be expected to play out over a month or so. We still have a couple of more weeks before price heads higher in that scenario. Short term, we should see price targeting the top of the ascending channel around $8400/$8450. However, be wary of the $8150/8250 level. If price is unable to move past that right now, then it will likely have to retrace toward $7950/$8000 before trying once more. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. You can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSDLong
by Chris_Inks
4
BTCUSD 4H chart (5/24/2019)Good morning traders. Price has been heading up as expected for another attempt at a higher high, however we still have heavy supply through $8400. As we can see, price is near the top of the HVNs. If price can get on top of these HVNs, then they should act as support. What is worth noting this time around is that the orderbooks are showing stronger nearby bids than asks for the first time. We have been watching multiple possible patterns play out for a while now and at this time I am leaning toward the descending wedge and/or ascending triangle. This latter pattern is noted with the dashed red lines. It isn't an easy 3 or 5 wave count, but in either case for those patterns I expect to see price target the TR's resistance before dropping back a bit and then pushing through. As I have continued to do this past week or two, I have noted the possible targets as price moves: pattern targets in red, daily pivots in blue, and weekly pivots in green, as well as supply zones in grey. Generally, I expect price to at least meet the TR target which, in this case, would have price reaching the EQ of the supply zone at around $10,000-$10,100. This price level seems to be the general consensus among cryptotwitter as well (or at least among those who believe price will rise a bit further), but it is most certainly not guaranteed. I remain cautious as we have not seen a blow off top, although price is moving parabolically. This means that we could actually see price push even higher than $10,000. If we get that kind of move, then traders need to be extremely cautious as price will suddenly turn and drop hard when top blows off, trapping and/or liquidating late FOMO longs. Levels of confluence among possible targets are of stronger interest to me than the targets sitting by themselves. If price is rejected at the top of the TR and then falls below the recent $7467.10 swing low, we may see this play out as a double top. Just remember that the double top pattern doesn't confirm until price closes below the swing low between the two peaks. The 4H Stoch RSI is overbought at this time and appears to be rounding down, so we may see a bit of a pullback before price continues its advance. In that case, if price intends to continue higher, then I would expect the 21 EMA currently sitting at $7850 to ultimately provide support. The daily RSI is bullish at 66 and Stoch RSI remains oversold at this time, but is curling up, suggesting that we may see this final leg up that I have been expecting. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. You can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
COINBASE:BTCUSDLong
by Chris_Inks
4
USDJPY testing weekly pivotThe US dollar has fallen back towards its weekly pivot point against the Japanese yen currency after buyers failed to move price above the 112.00 level. The move lower is currently seen as a technical correction, as bulls have been able to maintain the USDJPY pair above the pivotal 111.68 level. The inverted head and shoulders pattern on the four-hour time frame remains valid while price trades above the 110.30 level. The USDJPY pair is intraday bullish while trading above the 111.68, key intraday resistance is found at the 112.00 and 113.20 levels. If the USDJPY pair trades below the 111.68 level, key intraday support is found at the 111.30 and 110.90 levels.
by OctaFX_Official