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How to use yearly pivotsYearly pivots are among my top favourite tools. Nearly all the major reversals or rallies stop or turn at yearly pivots. You can also use them as targets when you see price is heading or is close to yearly pivot. It will surely hit it. You can observe it for yourself on this EURUSD chart. When price is above yearly pivot target R1 if below target S1. Watch also Yearly Midpivots (they are also very important). It is good to use long term moving averages along with yearly pivots to detect the long term trends. To apply yearly pivots use - choose "pivot points standard" then choose yearly classic, set period to 2 last years, unclick R3 S3 as price rarely makes it those (unless it is a super volatile pair). For mt4 you can download free indicator "yearly pivots". Good Luck!
Education
by ICFX
Devouring Netflix with Point&Figure analysis. Market Top. SHORT.Netflix hit an all-time high, then corrected. It crept below the uptrend line but didn't generate a sell-signal below it. It passed back above the uptrend line but hit the resistance roof. Again, it just crept below the uptrend line but without a sell-signal, suggesting that the trendline is acting as support, albeit loose support. The price climbed above again but then broke the uptrend line and generated a Double-Bottom sell-signal. Following the double-bottom sell, it fell by a further two boxes before being supported by the original uptrend line. It then rallied upwards but couldn't reach the second uptrend line which suggests this trendline now may switch to a resistance role. The price sunk below the original trendline for the first time and generated another double-bottom sell at the level of penetration, falling a further two boxes after the double-bottom signal box. It barely snuck above the original trendline before sinking down, albeit at a higher low. What followed was a strong rally which broke through the original trendline but was met with resistance from the most validated trendline. After very brief congestion, the price rallied through the most validated trendline by 4 boxes. This questioned the resistance power of this trendline. Though it is thought this 4 box rally above was an attempt to reach the previous all-time high. A pole developed and sunk the price through this trendline and then the original trendline again, and created a triple-bottom sell. The next X column failed to come close the original trendline. A catapult then formed with a double-bottom after the triple-bottom. The next X column failed to touch the original trendline before another double-bottom sell-signal was generated. Two downtrend lines have now formed but the area of support is yet to be full broken. My impression is that we are experiencing a market top and that a potential reversal is imminent. Things to look out for: - Will minor downtrend be penetrated? - Will major downtrend line be penetrated? - Will the area of support be penetrated? For a short, anticipate: - the second downtrend line to be validated - the area of support to be penetrated - a double-bottom sell-signal or better
NASDAQ:NFLXShort
by owk13
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
Altseason? Yes. Cryptos are in the beginning of a new bull cycleLong term view . ETHEREUM.BITCOIN. LITECOIN. Three major cap crypto assets: accumulation structures complete. It’s time to zoom out and focus on the big picture . All the major caps have finally confirmed their accumulation structures. Let’s review the price history of the last two years in the crypto ecosystem. The first signs of institutional value buying after the spectacular 2017 bull run came in the second half of 2018 (1) . Demand is consistent on the aggressive rally at point (2) , suggesting strength. The reaction (3) is an important clue. The downmove is very laborious, and volume is decreasing. It’s just take profit after the quick run. The Composite Operator is not actively selling. We have analyzed these structures and discussed the bullish scenario at the Best of Wyckoff Conference in early September. However, Wyckoffians do not chase the trend and wait for confirmations. The confirmation of the reaccumulation structures comes finally in January at point (3 ). The laborious reaction has produced a higher low on low volume, a very bullish sign. Supply has been absorbed. Price quickly rises on average demand (Ease of Movement to the upside) (4) . The double bottom formation on Ethereum and Litecoin is complete. Highly volatile assets like cryptocurrencies generates huge PnF counts in relatively shorts period of time. A two year reaccumulation in this asset class is a major event that suggest that we are at the beginning of a major bull run reminiscent of 2016-2017 . We will post accurate PnF counts for all big , mid and small caps in the next reports. Full analysis available for free Weekly Crypto Report here www.wyckoffanalytics.com Weekly Crypto Report: This week: The big picture. Cryptocurrencies are in the beginning of a new bull market. Long term analysis. Weekly Review: Bitcoin, Ethereum, Litecoin, Ripple, BSV Question: Altcoin/Bitcoin outperformance (Alt-season) & PnF Charts.
BITSTAMP:LTCUSDLong
by Wyckoff_Analytics
BCDUSD Target 190USD to 650 USDBitcoin diamond suffered badly during the correctionphase of the market. Having an ATH of 148 USD this coin has the highest potential among the top 50 coins. This is not a coin to hold. It should be sold when "enough" profit is made. The charttechnic used is an invention of me . I call it focal point regression method (FPRM). I believe that it is more usefull than traditional chart technics regarding to predigt max/min of the coin price. I also believe that it is also possible to write a sw for painting the regression lines automatically.
BLong
by hkmh
NAK showing a Bullish divergence All of this is speculative, do your own reasoning. Opinionated analysis. Okay lets break this down. GLD in general looks to be making a trend to the up. Obviously NAK would relate to that movement. (or could) Now on the 4hr Chart I have plotted 2 dotted lines one on the Line graph and one on the RSI. * a bearish price * with bullish pressure the Volume Flow Indicator has also seem to show a nice reversal cup in about a 1 year span. A Long trade would seem in effect, target unidentified. Happy trading!
AMEX:NAKLong
by Gerberlife
Big Experiment. Tic-Tac-Toe (Point and Figure) chart (part 4)BITFINEX:BTCUSD Dear friends, I go on my big experiment. In the previous training post, I wrote about Kagi chart. I described its properties and major signals. Next, I started testing it, applying to my daily crypto analyses. Results of work with Kagi Last week, I was actively testing Kagi, using it in my cryptocurrency price predictions. (ETHUSD forecast, dated 07.09.2018) (ETHUSD actual situation on 09.09.2018) (XMRUSD forecast, dated 05.09.2018) (XMRUSD actual situation on 09.09.2018) As you see from the charts above, Kagi is an efficient tool that can supplement any trend strategy. During my tests, I found out: Advantages: • It filters out minor sideways movements and random noises. • It sends trend reversal signals. • It easily identifies support and resistance levels • MACD and other moving averages send strong, accurate signals. Disadvantages: • Signals are late • You can’t apply indicators, analyzing trading volume. • A random signals may be sent. The next unusual chart in my experiment is Tic-Tac-Toe chart. It is also called Point and Figure chart (P&F). Description of the chart of Point and Figure The next unusual chart in my experiment is Tic-Tac-Toe chart. It is also called Point and Figure chart (P&F). It is a price chart that is not directly linked to the Japanese culture. It was first mentioned in 1881. I’ve managed to learn that the P&F approach originally comes from the USA and was first introduced by Joseph Klein and Charles Dow. Due to its geographical origin, the Tic-Tac-Toe chart is still a popular technical analysis tool in the USA. On a point and figure chart, there is no time axis, only a price axis. The chart is constructed, based on the principle, similar to Renko. You also set the size of the price unit (block) that looks like X in the bullish market and like O, in the bearish market. So, if the price moves up or down during a certain period of time, the chart paints Xs or Os; their number is the multiple of the unit size; besides, the remainder is always removed, so, the chart paints only whole number of units, without the remainder. If there haven’t been any price movements during the corresponding period of time, the chart won’t paint any Xs or Os. Therefore, one column of Xs (point) or Os (figure) can be constructed for an indefinitely long period of time, depending on the market situation and the unit size. Another feature of the Tic-Tac-Toe chart is the reversal parameter; it shows how many units in total the price should move in the opposite direction, so that the chart paints a new column. Most often, the default value is three units. For example, if the unit size is 100 USD, in the upward momentum, the ticker should go down by at least 300 USD, for the chart to paint a new column of three Os. The same is with the bearish trend. Charles Dow called it a book chart, as traders used to keep track of prices, by writing them down in columns in the books or notebooks. The indicator’s features make it quite concise; so, you can draw a few-year history of price movements on a single sheet of paper, provided the unit size is big enough. Modern technologies spare traders of the need to do it manually. To explain the Tic-Tac-Toe indicator, I use the chart on the tradingview platform as an example. To make it easier for you to understand, I suggest describing a real example, in comparison with the usual candlestick chart. I analyzed BTCUSD four-hour timeframe. To compare it with Renko and other charts, I use the same unit size for each chart, 125 USD. I left the default reversal parameter of 3 units. I’d like to note some special features of the Tic-Tac-Toe construction on tradingview. Irrespective of the instrument you choose, the starting point for the units’ construction is zero. • The units are counted, starting from zero (0). • The units are drawn, according to the closing prices, without considering the extremes. • The unit borders (Xs and Os) do not depend on the prices and are used only for display, the column length is calculated, starting from the centre of a X or an O, rather than from its borders. Well, let’s analyze the chart above. In the right part of the chart above, there is a rising column of Xs under the green arrow. It is marked with the green circle in the candlestick chart. It is clear that the reversal started on August 25. As the Reversal value is three units, and the unit size is 125 USD, the column of red Os is painted when the Bitcoin price is down by 375 USD. The last whole unit of the green column closed at 9625 USD (marked with the gray arrow). The first three Os appear in the chart after the price went down and broke through level 9250 USD (9625 – 375). Besides, the first O is always 1 unit lower than the last X of the previous column. In addition, the length is counted starting from not the visual borders of O, but from its centre; in the chart, you see all six Os, where the column length is calculated, starting from the beginning of the second unit. The last whole unit of the first column closed at 8875 USD. Besides, the remainders of a few bars that hadn’t fitted in the last unit or formed the new one weren’t included in the Tic-Tac-Toe chart (I marked the section with the blue circle). It is clear from the chart above that wave 2 started developing. It is marked with the blue arrow 2. Because of one long candlestick, covering 375 USD, the condition of three blocks was met and a new column of three Xs appeared; the count starts again from the second (green) unit at level 9000 USD. Right after the sharp surge, the BTCUSD ticker was corrected down, but the limit of 375 USD wasn’t reached. The Tic-Tac-Toe chart didn’t display the drawdown, that is, it took it as a random move. Next, the Bitcoin price started rising again, being 125 USD up, breaking through level 9250; therefore, another X appeared in the column. Next, the situation repeats in the opposite direction. The last whole unit was painted at 9375 USD. The price didn’t move up by 125 USD, according to the closing level. Next, the price correction started. You see, the condition of three units was met only on May 1, and so, that is when the Tic-Tac-Toe chart painted a new column of three red Os. I think, the main advantage of the Tic-Tac-Toe chart is that you can apply graphic analysis to this type of charts. Moreover, the common patterns of graphic analysis work according to the same rules as usual. In the chart above, there a whole set of different patterns: 1 – The uptrend is broken. 2 –The bearish flag pattern works out. 3 –The rising triangle is broken out from below. 4 – The double top pattern works out. These charts also often have head and shoulders and equilateral triangle patterns. As the rules of trading according to the patterns are same as those for Japanese candlestick charts, I won’t explain the patterns’ meaning. I’ll only note that, in your own analysis, you can find almost any pattern of graphic analysis, both bullish and bearish, even those, I haven’t enumerated. So, if you don’t feel confident in technical analysis or don’t understand what I’ve been writing about, I suggest you studied graphic analysis as your home task. So, that is all about the Tic-Tac-Toe chart for today. As a part of my experiment, I’m now going to use the Tic-Tac-Toe chart in practice. I will share my experience in the next training article. I’ll also describe how you can use the chart’s special features to identify the trend length and how to apply the common tools of technical analysis to the chart. I wish you good luck and good profits! ________________________________________ PS. If you agree with with my ideas, write “+” in the comments; if you don’t agree, put “-”. If you liked the post, just write thank you, and don’t forget to share the post. It is easy for you, and I will be very pleased :)
BITFINEX:BTCUSD
by Hypov