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Pivot Points

BTCUSD Bears Target Monthly PivotHello, BITSTAMP:BTCUSD recently tested its previous high but has turned bearish, now testing the monthly pivot point (1M PP). If it breaks and holds below this level, we may see further downside as the entire monthly support structure could be tested. Many traders are entering buy positions at this point; however, confirmation that the 1M PP will hold as support is needed first. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
BITSTAMP:BTCUSD
by TradeWithTheTrend3344
2
ONE ONE ONE I'm oneching you!Just like AXS, An accumulation schematic is present in this asset! And the idea is technically the same as AXS where we take advantage of the accumulation schematic. This asset is stronger as as I am writing this idea, we are approaching a level of interest on ONEBTC. What's the idea? We have made a suspected spring and we have went back into the range, locally we also are inside value range so why am I targetting an entry of 0.0105? This setup aims to snipe the snipest of the low. On my last RUNE setup which catched the low before pumping 28% right up, it was just a weekly open/close along with a local VAL The same idea is to be applied here. WE have a retest of acceptance into the the whole accumulation range's value and LOCALLY, we are in the midst of the value range but momentum is to the downside. Logically, the highest probability of the pivot is the price of 0.01191. It is a monthly open/close. local POC. But hey, if a wick goes to the downside 4% is an easy feat on the crypto (0.01191 to 0.0105 is about 4%) This idea aims to catch that falling knife. so if I go quiet for a few months, know that my hands are still recovering from the wound.
Long
by christoferjuliussayco
2
USD/CHF Eyes Further Decline if Key Support BreaksHello, FX:USDCHF pair is likely to see further downside, with strong weekly support initially presenting a barrier around 0.865397. If this level holds as resistance, it could pave the way for further movement downwards. The next key point would be the 1-month pivot point (1M PP); a sustained move and close below this level could open up additional downside potential. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
by TradeWithTheTrend3344