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Pivot Points

BTC like a clock Bitcoin's (BTC) Price Movement: A Dance with Fibonacci Pivots and the Japanese 3-Year Cycle Hello everyone, In the vibrant world of cryptocurrency trading, one asset stands tall - Bitcoin (BTC). Over time, I have observed that Bitcoin's price action appears to move like a well-oiled clock, respecting certain technical patterns with uncanny precision. One such pattern is the Fibonacci pivot points. These points, derived from the mystical Fibonacci sequence, have long been used in technical analysis to predict the future direction of price movements. The premise rests on the assumption that financial markets, including Bitcoin, tend to move in cyclical patterns - a rhythm to the seemingly chaotic market movements. This rhythm is where Bitcoin seems to dance, hitting the beats of the Fibonacci pivot points with surprising accuracy. In addition to Fibonacci, I have also observed what seems to be a three-year cycle in Bitcoin's behavior - a concept similar to the 'Four-Year Cycle Theory' commonly discussed, but with a unique twist. I fondly call this the 'Japanese 3-Year Cycle'. This cycle suggests a rhythmic peak in Bitcoin's price approximately every three years, which might be influenced by a plethora of factors including but not limited to halving events, technological advancements, regulatory updates, and broader macroeconomic factors. However, despite these apparent patterns, the world of cryptocurrencies is teeming with uncertainty. Social media platforms are filled with posts from traders and enthusiasts who are undecided and, at times, overwhelmed by the erratic nature of this space. My aim is to bring some clarity to this chaos, to illuminate the inherent order hiding within. Remember, while these patterns can provide guidance, they are not foolproof predictors of future movements. Cryptocurrencies, especially Bitcoin, are highly volatile and influenced by a multitude of external factors. Always conduct thorough research before making any investment decisions, and consider seeking advice from financial advisors. In the end, whether it's the Fibonacci pivot points or the Japanese 3-Year Cycle, one thing's clear - Bitcoin never ceases to fascinate us with its intricate dance. Let's continue observing, learning, and most importantly, navigating these markets with wisdom and patience.
BITSTAMP:BTCUSDLong
by MaximusGains
4
UPDATE:EUR/USD Eyes Major Upside Pending Key Resistance BreakHello, FX:EURUSD is experiencing continued upward momentum following the election, with a significant upside anticipated. The profit target is set between 1.109412 and 1.098881. First, confirmation from the 1-week/1-day pivot points is necessary. Once achieved, a cross and hold above the 1-day strong resistance at 1.061738 will solidify this scenario. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
by TradeWithTheTrend3344
Gold is in the Bearish DirectionHello Traders In This Chart GOLD HOURLY Forex Forecast By FOREX PLANET today Gold analysis 👆 🟢This Chart includes_ (GOLD market update) 🟢What is The Next Opportunity on GOLD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
OANDA:XAUUSDLong
by ForexMasters2000
1
XAUUSD - which way will gold go after CPI!?Gold is below the EMA200 and EMA50 in the 4H timeframe. In case of upward correction due to today's economic data, we can see supply zones and sell within those zones with appropriate risk reward. The continuation of the downward movement of gold has led to the visibility of the demand zone and it is possible to look for buying positions. UBS analysts are optimistic about a possible rate cut by the Federal Reserve despite inflation concerns. Recent inflation data has not been enough to change UBS's view on further rate cuts by the FOMC. UBS refers to the following points: • Economic data indicates a stronger than expected economy. • Concerns about inflation remain. • The expectations of the market are moving towards the reduction of the interest rate by the Federal Reserve. • Federal Reserve officials see the current rate as restrictive but are trying to balance employment and inflation goals. • A major inflationary shock is needed to change the policy landscape. The consensus seems to be that once Trump takes office, he will increase pressure on the Federal Reserve to cut interest rates to boost growth and deliver on his economic promises. This was indeed the context for the questions asked of Federal Reserve Chairman Jerome Powell last week. He was asked if he would resign if pressured by the Trump administration. Powell stated that he will not resign and that the president does not have such authority. This assumption partly goes back to the first term of Trump's presidency, when he repeatedly called for easing policies of the Federal Reserve and sometimes criticized Powell. But the difference between today and 2018 and 2019 is that inflation was much lower at that time. Most importantly, voters showed their anger at the high cost of living by ousting Democrats from the White House and the Senate. NBC exit polls in 10 key states found that three-quarters of voters rated inflation as a moderate or severe problem in the past year, and more supported Trump. "It makes more sense for Trump 2.0 to bear some of the economic slack (and blame it on Biden and Harris) to curb inflation," Stephen Jenn, CEO of Eurizon SLJ Capital, wrote in a note. "I don't agree at all that Trump 2.0 risks increasing inflation." Meanwhile, China's central bank stopped buying gold for reserves for the sixth consecutive month in October, according to official data. China's gold reserves reached 72.8 million troy ounces at the end of last month. However, the value of gold reserves rose to $199.06 billion from $191.47 billion at the end of September. The World Gold Council's report predicts that gold purchases by global central banks, which increased in 2022 and 2023, will decline in 2024, although they will remain above pre-2022 levels. This issue is partly due to the suspension of 18-month purchases of the People's Bank of China since May.
FOREXCOM:XAUUSDLong
by Ali_PSND
SMLR: Big Moves into 2025Please do your own research as this is my personal opinion. This is a way for me to hold myself accountable for long term trades. - I have accumulated about 1,000 shares of SMLR in my Individual & 100 in my Roth IRA @ about $30 per share Here are the reasons I believe this will 4x over the next few years: - No LT Debt, allowing it to borrow and execute a MSTR like approach to its BTC treasury - Cash Flow and Earnings positive with good device pipeline - Already filled the gap from the initial news for BTC Treasury at $21 and has bounced nice since filling it. - If you see from ichimoku cloud analysis, the tenkan has flipped the kijun line earlier this year on the monthly and has stayed there for quite some time. I believe the next quarter is critical as it begins to make its way into the cloud. If it gets in there and can pass through it, my bull case run is north of $120. - Volume Analysis: If it gets above that Critical Level of $33, it could find itself flying north of $40 in a short period of time. If it executes it's BTC strategy and issues convertible debt for additional purchases in BTC (Up to $150 Million is estimated), here are my price targets: - Base Case $75 - Bull Case $150 - Bear Case $35 I believe there is much more upside from here. Happy trades. Not Financial Adive, DYOR
NASDAQ:SMLRLong
by ngmartin02
XAUUSD - CPI CPI CPI!The world's largest gold-backed mutual fund posted its biggest weekly outflows in more than two years last week. Donald Trump's resounding victory in the election caused traders to take their profits. The SPDR fund (GLD) saw more than $1 billion in outflows, the fund's biggest weekly outflow since July 2022, according to data compiled by Bloomberg. The price of gold decreased by 1.9% during the same period. Total gold ETF holdings fell 0.4 percent, the second straight weekly decline. Investors usually look for safe assets in times of political and economic uncertainty. They sought the safe haven of gold last month as the US presidential election was expected to be competitive. But as Trump swept to victory after capturing key battleground states and Republicans took control of the Senate, the decisive outcome prompted investors to exit their positions to preserve their gains. Trump's victory also boosted the value of the U.S. dollar and the stock market, which was a negative for gold as it made the bullion less attractive to investors holding other currencies. Bitcoin, for example, has been boosted by President-elect Donald Trump's embrace of the digital asset and the prospect of a Congress with pro-crypto lawmakers. Gold traders continued to take profits on Monday, with prices hitting one-month lows and shares of gold mining companies falling. Key economic events to watch include today's release of the US net Consumer Price Index (CPI) for October, which the Fed will be watching closely to assess whether consumer inflation remains on track to reach Is it at the 2% level or not?
FOREXCOM:XAUUSDLong
by Ali_PSND
Copper - The negative impact of Trump's victory on commoditiesCopper is below the EMA200 and EMA50 in the 4H timeframe and is moving in its descending channel. If copper falls due to the release of today's economic data, we can see demand zone and buy within that zone with a suitable risk reward. If the upward trend starts and the bottom of the channel is maintained, it is possible to sell copper in the supply zones in the short term. After Donald Trump’s victory in the U.S. election and the positive reaction from markets, investors are refocusing on economic data. Trump’s historic return to the White House was met with strong market responses, with stocks and Bitcoin reaching new highs and the U.S. dollar hitting a four-month peak. Treasury yields also saw significant increases. It’s worth noting that yields have been rising since late September as investors anticipated fewer rate cuts by the Federal Reserve over the next two to three years. Now, Trump’s victory has diminished hopes for rate cuts. If Trump follows through on his promises to cut taxes and increase tariffs, these measures could drive prices up by boosting domestic demand and raising import costs. In this scenario, the Federal Reserve may have to maintain tight monetary policy for a longer period than current expectations. The U.S. Consumer Price Index (CPI) report, scheduled for release today, will provide the first economic clues post-election for rate cut forecasts. The annual CPI rate fell to 2.4% in September but is expected to rise to 2.5% in October. Monthly CPI is projected at 0.2%, unchanged from the previous month, while core CPI (excluding food and energy) is expected to increase from 3.3% to 3.4% in October. In China, senior lawmakers approved a plan to shift local government debt to the official balance sheet, allowing Beijing to better assist local governments in managing debt challenges. The Standing Committee of the National People’s Congress also approved a plan to increase the local debt ceiling. According to Mr. Xu, head of the National People’s Congress Budget Committee, China intends to raise the local government debt cap by 6 trillion yuan. China’s exports have also surged, as Beijing braces for Trump’s potential tariff threats. Chinese factories have ramped up production to ship goods to major export markets before any new tariffs are imposed. Trump’s election win has intensified tariff concerns among Chinese officials and factory owners. Meanwhile, U.S. lawmakers have demanded more detailed information on advanced chip-making equipment sales to China by major manufacturers, reflecting growing tensions between the superpowers and concerns about potential military applications. Taiwan Semiconductor Manufacturing Company (TSMC) has also informed several Chinese clients that it is suspending production of AI and high-performance computing chips to comply with U.S. export control laws. On the other hand, Commerzbank predicts the potential for further gains in the U.S. dollar is limited, and that Trump’s macroeconomic policies may be less impactful than anticipated. While Trump’s policies are inflationary, the effects are likely to be contained, meaning the Federal Reserve may not need to raise interest rates.
CAPITALCOM:COPPERLong
by Ali_PSND
THE BULLS OF BITCOIN [TRUMP+ELON] We're coming out of our corrective pattern with the chance to break into a new ATH once break our ascending triangle. This pattern is often bullish but with CME futures gap in play we can still see another correction before we're off to the 2nd phase of our pattern. Keep an eye on the altcoins and notice the money flow cycle. > > as we make our correction or we see a continuation with our ELLIOT WAVE THEORY . As we enter Q4 we can see people selling for losses or taking profits as we continue to crash upwards into 2025 with interest rates projected to fall in Dec. Buy. Hold. Realize your profits once your PT's are hit. With Trump taking office along with Department of Government Efficiency The digital gold rush begins now.
Long
by isaiahescobarrr
EURGBP: Caution Ahead, Watch Key LevelsHello, EURGBP has experienced some unexpected downside, but we've still seen profitable upside, especially on the conservative side—profit is profit! The 1W support has held up well so far, driving the price upward. To move towards the 1M PP, a solid cross and lock above the 1W PP is essential. However, caution is key at this stage, as a cross and lock below the 1D PP could lead to further downside. There will be no market updates next week due to vacation plans. Wishing everyone happy trading—let's make some profits! No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
by TradeWithTheTrend3344