Adding Pivot Points to the Zone PredictorAfter a few years of development on the Zone Predictor indicator/strategy, it was suggested to add Pivot Points to show confluence between the trading Zones and the Pivot Points on a higher timeframe. By adding the Pivot Points, one can clearly see the levels at which there may be a better opportunity to trade the Zones around.
This chart is MNQ using 40 range bars (just to show 10 point moves in that market). The Zone Predictor provides the trading target areas and by showing the Pivot Points taken from a 15 min timeframe, it becomes more clear which are Zones that have greater potential.
Using different lookback lengths on the Pivot Points also shows where levels have been touched and breached multiple times.
Pivotslevels
BTC D1 - KIJUN SEN HOLD !D1 : After having broke in an intraday basis the Kijun-Sen and reached a low of 44151, BTC recovered nicely, to close @ 46315, above KS.
Global picture remains heavy.
Indeed, despite the rebound seen recently, BTC is still below Mid Bollinger Band which remains a very good "barometer" indicator as you
can see in the past.
Therefore, I still consider current price action as a CORRECTIVE MOVE ONLY... and not as a trend reversal yet.
Only a move above Mid Bollinger Band, currently @ 49644 would force to a view reassessment of the expected bearish scenario with a confirmation
on a breakout of KS (51253) and pivot resistance level @ 51530.
Watch H4 and shorter time frames to detect intermediates validation or invalidation signals.
Have a great weekend.
All the best and may your long goes up and your short goes down...