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Pivot

ETH/USD Sell from Sell ZonePriority: Short Reasons for open position: - sell zone is 169.1-172.65 - trend line was broken and I'm wait pullback for open short - key level is 173.50 and very powerfull level which prive touch several times is 174.70 Stop above 172.65. More safe stop loss will be at 180 and above. You make a decision which risk you takes Take profit 1/2 (166.65) and higher, depends on your greed If you like idea, please push like and subscribe, it motivates me to post ideas more often.
BITMEX:ETHUSD.PShort
by UnknownUnicorn2760874
4
BTCUSD 4H/D1 charts (3/28/2019)Good morning, traders. I hope you are being vigilant and monitoring market conditions. The lull most often results in retail traders losing money as they get bored and lazy because price isn't moving much. Daily volume yesterday was the most we've seen on Bitstamp in over a month and resulted in a nice, large daily candle. Price has halted appreciation at an area of confluence of resistance. We can see the shorter term descending resistance and ATH descending resistance coming together, as well as the ascending channel EQ. Additionally, the vertical red line marks the Bitmex March futures contracts expiry. Daily RSI hit resistance yesterday while Stoch RSI crossed bullishly. Price still hasn't retraced, rather it appears to be consolidating near yesterday's high while printing a bull flag on the 4H TF at the top of the local TR suggesting demand is continuing to build. Price remains above the 4H and daily pivots, as well as their respective HVNs. The target based on the height of the 4H bull flag would be the same target we have continued to watch which is the top of the ascending red channel. The 4H RSI broke through resistance yesterday and is currently testing it as support. A bounce from there should signal price breaking through it's own flag resistance and targeting $4120-$4155, depending on when it does so. Ideally, I would at least like to see that break and a close above the February swing high of $4190. This would give us monthly higher highs from January through March. It would also strengthen the case for bullishness. If we can see price head up from here, then I am initially looking for a target of the red channel resistance followed by a retest of the ATH descending resistance line as support/bounce off the red channel support, and then follow through toward $4538 at a minimum. This latter target is based off the height of the larger descending channel on the daily chart. While there are only three alternating touches (really need four to confirm the channel), it does give us a preliminary target. What we ultimately need to see is a close above the December 24th swing high of $4236.84. This would confirm a bullish trend as we would have a higher high off the corrective, December low. 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. Remember, 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
2
USDJPY testing 110.00 pivotThe US dollar is once again trading testing the 110.00 level against the Japanese yen as global equity markets come under downside pressure. The USDJPY pair has a strong bearish intraday bias while trading below the 110.30 resistance level. The 109.10 level now offers the strongest form of support below the pairs former weekly trading low. The USDJPY pair is bearish while trading below the 110.30 level, key support is found at the 109.10 and 108.80 levels. If the USDJPY pair trades above the 110.30 level, buyers may test towards the 110.90 and 111.20 resistance levels.
by OctaFX_Official
BTCUSD D3/W1 charts (3/7/2019)Just taking a wider TF look at the pair. We can see a much clearer picture of a the possible ascending triangle that is printing. Weekly supply zone in green denotes the resistance at the top of the triangle. The W1 chart suggests that a clean close above that resistance should have price targeting the orange zone just below the weekly HVN. The D3 chart shows that area as the first level of support as price fell from $6000. Supply remains in that area, which should provide initial resistance on any movement up. Today will close the current D3 candle and we can see that it is printing a nice bullish engulfing after the doji. It is also above the pivot as well as the 21 EMA. All of these are bullish. As we can see on the weekly chart, the target based on the triangle takes price right into that supply. We can also see the ATH's descending wedge resistance sitting just a few hundred dollars above the current price. A close above this resistance should set up a $14,500 target, at least, based on the height of the wedge. 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. Remember, 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:BTCUSDEducation
by Chris_Inks
EURUSD watching key pivotThe euro has a neutral intraday bias against the US dollar as buyers and sellers struggle to take control of price-action in the short-term. The 1.1337 level is the key intraday pivot point, with the EURUSD pair now confined to tight range bound trading conditions. Technical indicators on the four-hour time frame are moving lower, especially if sellers can hold price below the pairs pivot point. The EURUSD pair is bearish while trading below the 1.1337 level, key support is found at the 1.1300 and 1.1280 levels. If the EURUSD pair trades above the 1.1337 level, key resistance is found at the 1.1370 and 1.1410 levels.
by OctaFX_Official
REGULAR RHOMBUS AT THE PIVOT LINE OF A RECTANGLE RANGEThe regular rhombus is a powerful reversal pattern taught by my mentor Rodney Ahenkan (Papa Smurf). I tend to look for it at reversal areas, especially at the pivot lines and support/resistance areas of the RECTANGLE STRATEGY (again as taught by Papa Smurf) On NZDCAD, I see it has lined up nicely. There are quite a number of indications for a reversal at where price is currently: 1. Price is at the pivot line of my RECTANGLE (the blue line on the chart). The pivot line is a potential area of reversal. If price fails to break below it, then it would likely return to the top of the RECTANGLE. 2. The formation of the REGULAR RHOMBUS (a reversal pattern) at the PIVOT LINE of the RECTANGLE (a potential reversal area). 3. The PIVOT LINE is being tested for the third time. The previous two times, price was pushed back up. 4. There is a clear MACD DIVERGENCE. All these are powerful technical indications for a possible price reversal. On the FUNDAMENTAL side, there are 3 red-folder news releases for NZD at 1:00 am this morning, to be followed by an RBNZ Press Conference an hour later. I would therefore wait to see what price does AFTER the news releases. If it agrees with my analysis, then we're good to go.
Long
by Pesokia
BTCUSD H4/D1 charts (1/30/2019)Good morning, traders. As I mentioned yesterday, price appears to be following the H4 chart pattern. Yesterday's daily candle printed a nice bullish reversal and today, so far, it is printing a bullish engulfing candle. Just above price's morning high is the yellow level I pointed out which could provide support for price if we can close above it. The D3 candle, which closes today, hasn't closed below that level yet and the weekly candle is currently printing an almost perfect bullish hammer. Interestingly, we have not seen a weekly hammer print at all since the ATH. The initial target for this move up remains the blue box on/above that yellow level. We can also see the daily RSI pressuring its triangle resistance. That being said, the H1 TF is almost overbought but the H4 TF is just getting warmed up as RSI sits at 50. We could see a pullback toward $3410/20 before pushing higher. Yesterday I stated: "There is a trading technique that has traders going long when RSI prints a double bottom in conjunction with a price double bottom. This would be the case with the current H4 price structure as the first low printed on January 27th and the second printed slightly lower earlier this morning. We can clearly see the corresponding double bottom in the H4 RSI and, as I mentioned above, RSI is moving out of oversold which is usually the signal to go long. I'm not telling traders that this is what you should do; just describing one trading technique. Even utilizing it, you must employ good risk management. The daily candle, while still having just over 1/3 of the day left to go, is printing a possible nice reversal hammer." Going long would have netted you profits into today. The shortening of the repeating H4 pattern, creating the orange wedge, suggests that price will had toward the descending yellow resistance. As always, traders should be looking for confirmations before entering trades so a close above the orange resistance should be the minimum. A close above the H4 pivot would also be considered bullish for pivot traders, as would a close above the daily pivot which currently sits at around $3690/$3700. 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. Remember, 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:BTCUSD
by Chris_Inks