SALT Long-term Prediction and Potential Profit TargetsYou can see SALT starting to breakout its downtrend falling wedge with good volume.
Labeled are some tiered entry and exit points using Fib retracement/extensions.
SALT is a real project with a solid team and an A+ track record. Huge plans this coming month and Q2. The future is looking bright for SALT. This news could skyrocket SALT which appears poised for a big swing up.
This is for educational purposes only and is in no way investment advice of any kind.
Pivot
Swing & Pivot Rules - Extreme ExampleMy rules for Pivot & Swing Highs/Low says:
If a H. is broken, the L. is confirmed.
If a L. is broken, the H. is confirmed.
Just with these simple rules one is able to enhance his ability to analyze markets dramatically.
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P!
BTC prediction As you can see, BTC has just finished a classic ABC correction move following a much larger 12345 Elliot impulse down in a bear trend.
I expect some sideways consolidation and a nice battle between bulls and bears.
It's hard to make a solid prediction up versus down at this time, but what is likely is whichever bias is chosen it's really going to take off quickly.
If BTC moves up, it will reach another critical decision around the 9.5-9.6 k range. Bulish movement up beyond here would tend to confirm an official reversal. It could also be rejected from this level back to its dynamic sloping support.
If BTC moves down, it could restart a new bearish impulse supercycle downward, testing the bottom to form U-shaped double-bottom or perhaps a more violent lower-low with a V-shape.
Time will tell! Either way, should be fun to watch the King as usual :)
This is for education and speculative purposes only and is not meant to serve in any way as investment or trading advice for any financial means.
S&P 500 index bullish?Yesterday the stock market touched SMA 200 as well as the yearly pivot. Also the last candlestick is a bit doji-like. It may be an indication that we can start buying the stock market.
BTC dragonfly 1 D - short term reversal likelyHere you can see a Long legged / dragonfly doji forming.
This indecision signal could be the first sign of a potential short or long term bullish reversal. Keep an eye on this.
Bitcoin BTC Fibronacci Technical AnalysisThis analysis is a "Fib.-trifecta" combining a retracement, fan and spirals.
I actually had to calculate the next Fib. level by hand. I don't think trading is usually this extreme, but hey, this is crypto!
If we break current support, the next support level should be aound 7,200 with a likely range of 6850 - 7,540 per the Bitfinex pricing.
If this happens, I think this will be the end of this very strong correction and we should get a major bounce up and out of this falling wedge.
Let's see what the King has in store for us this weekend.
BTC Correction Reversal Point at $8,500You can see the convergence of horizontal support, dynamic sloping support, downtrend channel support and Fibonacci support.
All converge at a time of a grossly oversold market with relative strength index bullish momentum divergence which is future confirmed with market structure.
Regardless of whether this is the "final bottom", this is a strong buy opportunity and we will start an uptrend as "bottom shorters" find themselves underwater in their positions.
This is fun!
$sc breakdown
orange boxes are possible reversal zones
I think we breakdown at the end of the pattern to the horizontal support or fakeout upwards to the reversal zone and break downards
Daily Log RSI and Wavetrend don't indicate oversold yet. More accumulation to come inside this order block
Looking for volume and/or deviation from pitchfork as trend confirmation
A deeper look at the EURUSD.
Even though the us dollar is experiencing weakness, There is resistance to be found and pivot points still to be driven to the ground.
The horizontal lines display continuation and reversal points pertaining to Fibonacci re-trace-mint on prior overall greater trends.
There are 3 scenarios.
-Consolidation around these pivot points, Breaking and returning until a direction is decided.
-A bounce off then and continuation into down trend.At which point we could reapply the Fibonacci for the according downward trend, To identify continuation extents.
-The final scenario, is the pivot points are broken at which point we would apply the correct Fibonacci re-trace-mint, to see possible location of it reversal extent.
$eth faces previous resistance
Current Level has served as resistance in the past.
I expect to pump pass it. But wouldn't be surprised if pull back and/or accumulation occurred first.
Twitter: @AzorAhai06
LTCUSD Forecast Currently in a consolidating channel. The yellow lines display points of breakout from the consolidation pattern. The lines are just one of many other signals that go into entering the trader.
The breakout trend lines can also act as a pivot point for trend reversal. Be aware of support and resistance in those areas.
breakoui trend lines = yellow lines, also know as channel lines.
Stochastic are showing convergence
Weekend updateRound numbers look like some support: $11,000 and then $9,000.
Also a monthly pivot going to be offering support at the $9,000 mark.
Please help!-If this is in the wrong section I apologize!
I am a new trader and I am trying to buy and sell small amounts in short amounts of time..I am trying to configure my chart with the pivot reversal strategy and the SMI oscillator. It seems like the default values (especially for the PRS) do not give good indication of when to buy and when to sell. The red indicating to sell are usually lower than the blue arrows indicating when to buy. Also the little ticker at the top always shows the sell price being lower than the buy price...so I am trying to figure out what input values I can put in so that I can sell high and buy low...thank you all so much!
Supports for SiaEven though riding the BTC waves, SIA respecting lines nicely like the top reversal perfect with resistance trend formed by previous two tops, making the supports formed more reliable, even in the face of BTC movements.
Expect support at first purple and first red horizontal, next tried and tested supports would be the lower purple. Even if BTC drops to its 9-10k supports I doubt that SIA will test lower red.
Green is a prediction - If SIA breaks purple, then visually, at this rate, green would form nice support to bounce from, from by the two previous intermediate lows.
MA's and other indicators removed for clarity of LINES ONLY.
Please leave a like, thought's and comments on how to improve analysis appreciated.
Top Events & Setups To Trade Today - EUR/USD & GBP/USD in Focus!Good Morning, traders. It's such a phenomenal beginning of the week. Our forex trading signals closed more than 100 pips. The long-term position in Gold is doing great, and the short-term position helped to pocket nearly 55 pips. Likewise, another signal shared in A Quick Trade Setup on EURJPY closed 60 pips. Now I'm serving up EUR/USD and GBP/USD to secure high probability trades.
Read More for Trade Ideas: www.fxleaders.com
Trend phase up of w1 as long as the pivot point is not broken1. Strategic Direction:
- Weekly is in a Trend up phase (based on FZR of w1)
- Daily is in a trend up phase (based on FZR of d1)
Bitcoin: BTCUSD Pivot point for today looks to be 6450Bitcoin: BTCUSD Update/levels for longs This trade is in balance, but OK above 6450
The trend is overall positive right now barring super near term test of lower parallel and successful, so far, retest of the key
level at 6450 - which looks to be the pivot for day on downside) So If broken at any point and our stop 50 points lower is struck we should look to reverse short
again on the next rally attempt towards 6440 once it's broken - it must then fail there to trigger the short with stop 50
points above. But until the stop is hit, the trade is good and we stay long to target at 6940 and then we look to close out
and get short again with stop 50/60 points above.
We then need price to fall below the lower parallel of this impulse wave with some red candles appearing, bigger the
better...so if don't see this, just some lazy backing and filling but held up by the lower parallel it means Bitcoin is stronger
than anticipated and needs a plan B, again...the width of the parallels is 250 points, great for day-traders and maybe even
for swing traders who are willing to sit with it for a while as one of 3 things occur, most likely:
1. It does what it's meant to, reaches target, get short again, red candles, quite big, a failed bounce and then break of the
lower parallel about 250 lower at 6700 by this point in time and all's well with the short back to 6510 target and then
reverse again, going long with stop under 6420. Sweet.
2. It falls below 6450 and then our stop below here and we're out with 50 point loss plus spreads and reversing completely.
3. It hits our desired target but It doesn't want to break the the lower parallel around 6700 when tested, it holds. In which
case close out shorts and wait to see if the bounce is strong with nice green candles again or feeble and likely to fail ...if
so short gain when failure is evident, on first retest of the failed lower parallel from underneath (with stop 50 points
above), looking for 6510 target, as above from there.
On upside, further out in time, and so we are prepared with straight-forward plans (for experienced traders, anyway) for
any eventuality: Any break above 6960 which is then sustained on the next pull back would be very surprising (so could
happen, it's BItcoin don't forget) and mean we have to long again with stops 50 points under 6940 level.
So the pivot point on upsdie is 6960 by look of thins
$BTCUSD heading into the weekend!Have a great weekend everyone! Watch for the pivot lower, if it breaks support!
THE IMPORTANCE OF VOLUME ANALYSISGood day, All!
Originally, I just wanted to publish another trading idea:
But the more I was looking at the chart, the more it looked like a good example of volume analysis technique.
Basically, the concept is pretty simple - when the price is testing strong supply/demand zones, support/resistance levels, trend lines/etc, significant volume spikes are always accompanying these attempts and further price moves.
Such an impulse is usually enough for the price to travel certain distance, but is loosing its momentum over time.
In order to keep it moving, the price should be supported by further regular medium or higher than that volume spikes.
If the momentum is lost, the market is entering the flat period.
At the same time, the stopping volume at important key points is usually quite higher than the volume which is just enough to keep the price going in already established trend. Really high volume is a great way to detect that something interesting is going on and that this MAY (but NOT necessarily!) be an indication of a turning point.
I would like to underline that sudden volume dynamics change should not be used directly to predict the future trend, but rather should be used to check if the price really keeps its previous direction or it signifies the increased probability of the reversal.
Volume changes at certain levels are initiating, supporting and stopping the waves and patterns which are creating the market as we know it and thus being definitely worth at least keeping a close eye on the sudden changes of their dynamics.
This is my very first purely educational post and I hope it was helpful :-)
If you have any questions, feel free to ask in comments or PM me.
EURJPY Short on break of supportIf the trend support and monthly support level breaks, enter this short towards pivot S3. Be aware of the monthly support levels for your TP's.
Good trading this week!
$EURUSD 4HAll I can see is that we ran into the 200 DMA and hit the monthly pivot? You see anything else?
AUD/USD SELL 09/10/2017
AUD/USD also did not show any significant reaction of the labor market data in the USA on Friday. The only thing that we should note is the new support 0.7744 which contains large volume. Nevertheless, our previous scenario of opening short positions remains actual, but now we need to wait for the sharp breakdown of the support. A move should be supported by increased/large volume. A stop loss should be placed above the breakdown volume bar. A potential of the deal is 70 points.
The bottom line: short positions after a sure breakdown of the support.
