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Pivot Points

SPELL is set for a bull run aheadThe liquidity pools are located at the top of the chart. The upper pivots have been used up. This is suitable for Spot trading. After clearing 0.00014580, we can initiate a BUY when the price returns to the green zone and hold the position until it reaches the red zone. To manage risk and control traders' emotions, target levels have been provided where traders can take profits in stages and move their stop-loss higher. A candle closing below the invalidation level will invalidate this analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
GBPUSD is in the Selling Direction after breaking SupportHello Traders In This Chart GBPUSD HOURLY Forex Forecast By FOREX PLANET today GBPUSD analysis 👆 🟢This Chart includes_ (GBPUSD market update) 🟢What is The Next Opportunity on GBPUSD 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
by ForexMasters2000
1
GMT buy/long setup (2H)A strong source of movement has been tapped, and the lower liquidity pools have been swept clean. The price has encountered an important demand zone. In the upper part of the chart, there are no strong order blocks visible, and the price has already dropped significantly, giving a prolonged corrective phase. It is susceptible to a bullish move. The targets are marked on the chart. A 4-hour candle close below the invalidation level would invalidate this analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
1
BTC NEW Update (4H)Considering that Bitcoin is in a trading range, has swept the lower liquidity pools, repeatedly tested a support knot, and has a liquidity pool above the trading range, it is expected that this bullish move will either be absorbed into the higher liquidity pool on the chart or that pool will be swept. After these two scenarios, it is expected that the price will drop and then bullish again from a support knot that has not yet been tested with a bearish wave. A daily candle closing above the invalidation level would invalidate this analysis. This perspective is applied to Bitcoin. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
1
SOL on the edge ETF Decision & Strategic Reserve News to TriggerTechnical Analysis 1. Descending Channel The price has been consolidating within the descending channel since November, consistently bouncing off the upper and lower boundaries. A breakout above the channel would signify a bullish reversal and a possible surge toward higher resistance levels, such as $220 and $240. 2. Current Momentum The price is near the upper boundary of the channel at $204. A successful breakout accompanied by strong volume would confirm a bullish move. 3. Targets After Breakout Immediate target $220 (previous support turned resistance). Extended target $240-$280, depending on momentum and news impact. News/Event Driven Catalysts: 1. Solana ETF Decision The U.S. SEC decision on a Solana ETF within the next 8 days is a crucial factor. If approved, this would open the doors for institutional investment in Solana, significantly increasing demand and price. Historically, ETF approvals for assets have led to sharp price rallies, often breaking technical resistances. 2. Trump’s Strategic Reserve Plans The announcement that the U.S. President-elect is considering cryptocurrencies like Solana for a national reserve creates a bullish sentiment. If implemented, this could position Solana as a strategic asset in the crypto space, attracting major investors and long-term holders. 3. Market Sentiment: Positive news about an altcoin reserve and Solana’s inclusion could further amplify its status as a leading blockchain in the market, pushing prices higher. Potential Scenarios 1. Bullish Scenario (Breakout) If the SEC approves the Solana ETF and positive sentiment continues, the price is likely to break above the channel. Key levels to watch post-breakout: $220 (immediate resistance), $240, and $280. 2. Bearish Scenario (Rejection) If the ETF is rejected or market sentiment turns negative, the price might face rejection at the upper boundary of the channel. Downside levels to watch: $180 (support within the channel) and $165 (channel bottom). This chart and the accompanying news strongly indicate that Solana is at a pivotal moment. Traders should monitor the channel breakout closely and pay attention to ETF-related news and market reactions. With the potential approval of the ETF and increasing institutional interest, Solana could experience a significant rally, making it a key asset to watch in the short term.
Long
by wolfchemist
CAD/JPY Rising Channel Breakdown Looms Bears in Play !Rising Channel Formation The price is trading within a rising channel, indicating a potential bullish continuation or a reversal depending on how the price reacts near the channel's boundaries. The upper boundary of the channel acted as resistance, where a rejection occurred, leading to a short setup. Golden Pocket Zone Around the 108.660–108.491 level, a "Golden Pocket Zone" is marked, indicating an area of potential caution due to increased market indecision. This zone aligns with Fibonacci retracement levels or historical pivot points. Support Levels A Good Trading Zone is identified between 107.248–106.780, which represents a potential support area for price reversal or consolidation. Wicks Pivotal Point near 105.851–105.817 serves as a critical demand zone where significant buying interest might reemerge. Short Position Setup Entry Signal: A Sell signal was triggered near the channel's resistance line, supported by a failure to break higher. The price also exhibited a rejection at a critical resistance level within the Golden Pocket Zone. Profit Levels The Peak Profit 0.22% label indicates a modest gain so far, suggesting a potential continuation if the price breaks below the channel support. A prior Peak Profit 2.96% was achieved on a similar short setup from a lower level, confirming the bearish potential within the structure. Target Levels First target: 107.248, aligning with the Good Trading Zone. Second target: 106.780, which is the bottom of the Trading Zone. Extended target: 105.851, Wicks Pivotal Point, for a more aggressive short. Stop-Loss Placement A stop-loss should be positioned above the Golden Pocket Zone (around 109.000) to protect against false breakouts or unexpected bullish momentum. Technical Patterns and Indicators Rejection Candlesticks The price formed bearish rejection candles near the channel's upper boundary and the Golden Pocket Zone, indicating strong selling pressure. Trendline Confluence The lower boundary of the channel intersects with the 107.248 level, adding confluence for a possible bounce or further breakdown. Momentum Analysis The price appears to lose upward momentum after several failed attempts to make a higher high, suggesting sellers are gaining control. This short position aligns with the current market structure, leveraging resistance levels, a rejection from the upper trendline, and bearish momentum. However, traders should exercise caution near the identified support zones and adjust stop-loss levels based on intraday volatility. A clear break below the Good Trading Zone could open the door to extended downside potential toward the Wicks Pivotal Point.
Short
by wolfchemist
BTC1! short idea with open gap fill and catching a quick longAs you might know, open gaps have a fill-rate of 90-95%. Additionally the open CME-gap (1W-basis) has much confluence with important technical levels for support and it lies in the middle of two zones where enormous amounts of USDT-inflows came into the market. 1. the 2024-range (Q1 - Q3) 2. the 2025-range (Q1 at least) Where the new neckline also is, the new support that became resistance appeared. It might also be a good strike for smart money to know that above the biggest orderblock of 2024 support has developed more strength and consequence. So why you don't give it a try to retest it? Here a maximum of buying pressure should lead to a strong bounce of BTCUSD towards a new alltime-high, if and as long as global liquidity rises again. But if not, at least inflation should do half of the bullish job for BTCUSD and a "sideways up" would be my - historically BIASed - expectation. It begins with a shorter short. In the end it might be a very, very quick longer long because of my expectation of rising buying pressure with huge volume delta for the bulls below 78k.
CME:BTC1!
by BossmodeInvestments
2
USD/JPY begins to unravelUSD/JPY has fallen nearly -2% in two days, and the required central bank divergence between the Fed and BOJ appears to be returning, which could see prices much lower from here. Prices are close to reaching my bearish target at the monthly pivot point (154.60) outlined in yesterday's video, and prices are less than a day's trading-range away from it. Perhaps it can tag that key level today. However, with a bullish RSI (2) divergence on the daily chart, and the 50-day SMA nearby, bears may want to remain nimble. Still, if we see a bounce from the monthly pivot, bears could seek to fade into minor rallies within Thursday's range in anticipation of a move down towards the 1534 handle. Matt Simpson, Market Analyst at City Index and Forex.com
Short
by CityIndex
$ONDOUSDT Poised for a $HBAR-Style Surge! 5x Incoming!Time to get back into $ONDOUSDT. Simple reaction at mid-level. It needs to reclaim the yearly open to set up a safer trade by the end of the month. In case things decide to flush a little (but not looking that way for now), I’ve placed a bid below $1. I expect this to stay above the dollar zone, aiming for $2.6 and $10 by May. So, who's with me on this one? Are we not excited to see a CRYPTOCAP:HBAR -type move? Hopefully! 😊
CRYPTO:ONDOUSDLong
by ZelfTrade
2
A Trader’s Guide to Pivot Points What Are Pivot Points? Pivot points are a popular technical indicator used by traders to help them predict significant areas in the market, such as potential support and resistance levels. These points are calculated by averaging the high, low, and closing prices of a previous period (which could be a day, a week, or a month) to establish possible trading zones for short-term traders. It’s important to remember that traders calculate pivot points in different ways depending on their strategic goals, but in this report, we will focus on a default calculation. Understanding Pivot Points When a market trades above its previous pivot point (P), it is considered a bullish signal. Conversely, trading below P is seen as bearish. Day traders often use pivot points to help them spot short-term trends. For example, if EUR/USD is trading above the previous day's P, traders might anticipate a continued climb and look to buy the pair before it reaches the next pivot point. This same style of trading can be applied on the bearish side as well, just in reverse. Finding Support and Resistance with Pivot Points Pivot points are not only used to gauge current price action, but also to identify potential upcoming support and resistance levels in a specific trading session. These levels are calculated as follows: Support Levels: S1, S2, S3 Resistance Levels: R1, R2, R3 These levels appear on a chart as parallel lines to P with the corresponding number next to them, such as S1 or S2, and can serve as possible profit targets or areas to open new positions. Calculating Pivot Points While you don’t need to manually calculate pivot points, especially if you’re on TradingView and utilizing our data feeds (i.e. FOREXCOM: GBPUSD ), understanding the calculations can be beneficial to employing these core concepts as you get started. To calculate P: Find the high, low, and closing prices for the previous period. Add these prices together and divide them by three. Then, mark this level on your chart as P. The calculations for S are more complex, but once again follow specific formulas that can be beneficial to understand: S1 = (P x 2) - Previous High S2 = P - (R1 - S1) S3 = P - (R2 - S2) Pivot Points Factsheet Pivot points are a versatile tool that can help traders make informed decisions by identifying key levels in the market. Whether you're a day trader or a swing trader, incorporating pivot points into your strategy can help you prepare and visualize upcoming zones on an intraday chart. Did you learn something new? Our team of researchers and market specialists will be sharing more educational content, so be sure to follow our TradingView account for instant updates. Also, be sure to check out our latest ideas here . Thanks for reading! The FOREX.com team
Education
by FOREXcom
ETH ANALYSIS (4H)ETH is currently in a pullback within its internal structure and remains bearish in its substructure. The liquidity above the chart has been swept, and a significant order block has been cleared. After this cleanup, the price is now attempting to move toward lower zones, feeding on strong order blocks. If the liquidity pool aligns in the opposite direction, it may sweep that as well. It is expected that Ethereum might bounce back upwards from the Support 1 level or after a liquidity hunt around that area. Targets are marked on the chart. If it consolidates above the red zone, Ethereum could turn bullish. Let's analyze it step by step. Closing a daily candle below the invalidation level will invalidate this analysis. invalidation level:2978 For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
4
EUR/CAD - Long Trade Idea.High Probability Setup for a Long Position (In my opinion) Currently we have been in a solid Bearish Trend since Christmas, price has been forming Lower Lows suggesting Sell positions have been preferred. On the HTF we see we are currently Bullish and that price is actually currently in a Long Term Pullback stage. To back this statement up at the end of November price had a very large movement to the downside creating a Strong Low. Price begegging of December then pushed back up filling the Imbalances and taking out Liquidity but we did NOT break the previous high. Although price is below current EMA lines on the Daily Time frame I do believe we will see a large push to the Upside taking out previous Liquidity on this current Bearish Trend. To confirm I would like to see this as a Breakout trade. We have a Trend line on this chart to help us identify a breakout and we can look for Long positions once price actions takes out the most recent 4HR Strong High. Pink POI level that is on this chart is suggesting an area I have marked to suggest where price likes to respect. This will be the level I look for my long positions after price breaks out of this Bearish Trend. Bullish Pressure will be starting to show over the course of the next few days suggested by a Large Engulfing Candle Stick and MacD showing us a Bullish Histogram.
Long
by jamesibartram
Bitcoin's Midweek Liquidity Play Detailed Analysis Bitcoin's Price Analysis Based on Current Market Conditions 1. Bullish Price Action from CPI Triggers Recent Consumer Price Index (CPI) data has provided a significant bullish trigger, aligning with the market's expectation of reduced inflationary pressures. This macroeconomic indicator is a key driver, as it reassures investors about the Federal Reserve's potential to maintain or reduce interest rate hikes. Bitcoin's price has reacted positively, with a clear bullish breakout, showing strength in its upward trajectory. The CPI induced move is critical as it reflects institutional confidence and a shift in liquidity toward risk-on assets like Bitcoin. 2. Midweek Reversal Dynamics Retailer FOMO at Play Historically, Wednesday and Thursday are pivotal days for Bitcoin's price action, often characterized by reversals. This behavior is driven by a mix of institutional repositioning and retail traders' emotional responses. Currently, retail traders appear to be in a state of FOMO (Fear of Missing Out), entering positions aggressively as Bitcoin pumps. This scenario creates a ripe environment for market makers to exploit, as over leveraged long positions begin to dominate. A liquidity sweep targeting stop loss clusters below current support levels is highly probable. 3. Stop-Loss Sweep and Liquidity Dynamics The chart indicates that a significant number of stop-loss orders are concentrated around the $98,600 level, just below recent support. This aligns with a 4-hour imbalance zone, which remains untested. Market makers are likely to drive the price down to this level to fill pending orders and collect liquidity. Such a move would shake out weak hands before the price regains upward momentum. Following the liquidity sweep, a strong pump is expected toward the $102,400 zone, a key area of interest where previous imbalances and institutional orders are likely stacked. This zone serves as a springboard for the next leg of the rally. 4. Projection to Key Levels: $108,362 and Beyond Once liquidity at $98,600 is absorbed and the $102,400 zone is reclaimed, Bitcoin is poised to target the next major resistance at $108,362. This level aligns with a confluence of technical factors, including previous highs and Fibonacci extensions. Breaking this resistance would open the path to the $110,000 psychological level, further validating the bullish macro trend. Bitcoin's price action is entering a critical phase influenced by macroeconomic triggers, market structure, and liquidity dynamics. Traders should remain cautious of midweek reversals and liquidity sweeps, while positioning for potential upside targeting $108,362 and beyond. Proper risk management is essential, given the market's high volatility and the potential for unexpected deviations.
BINANCE:BTCUSD.PLong
by wolfchemist
SOL - 1H Elliott Wave AnalysisGreetings, this is our current Elliott Wave Count for Solana. Solana could have potentially bottomed on the 13th January at 168.88 USD in the blue Wave 4 or blue Wave 2. We do prefer to label it as blue Wave 2 as the retracement is deep for a Wave 4 but technically not invalidated. For the short term count that does not matter. If Solana did bottom we would want to see a rally in blue Wave 3 or blue Wave 5 to start now. The recent rally could've been the first Wave of this move to the upside. We do count that as white Wave 1 and are looking for a corrective retracement as red Wave ABC which would bring price into the white Wave 2 support area. White Wave 2 support sits between the 0.5 FIB at 185.52 USD and the 0.786 FIB at 176.00 USD. If white Wave 1 extends to the upside the white Wave 2 support will move up too. Be aware if we break this support area we assume the we are resetting blue Wave 2 just a bit lower. If you are interested in the higher timeframe support area and the bull market targets I recommend you reading the 1D Elliott Wave Analysis for Solana which will be linked below in the notes. Thanks for reading. NO FINANCIAL ADVICE.
Long
by KanashimiBro
XRP - 1H Elliott Wave AnalysisGreetings, this is an update for the Elliott Wave count of XRP. We broke out of the Elliott Wave Triangle that was communicated in the last posts. We assume that the green Wave 4 has finished with this Elliott Wave Triangle and we started the green Wave 5. We count the recent move up which was the breakout as blue Wave 1 which could be finished but there is still the potential of further extension. After blue Wave 1 finishes we want to see a corrective retracement in red Wave ABC which would finish the blue Wave 2. The support area of blue Wave 2 sits between the 0.5 FIB at 2.6144 USD and the 0.786 FIB at 2.3774 USD. We added the 0.382 FIB at 2.7121 USD to the blue Wave 2 support area as XRP tends to have aggressive breakouts which could mean we get a shallow Wave 2. The blue Wave 2 support area will move up if we get further extensions to the upside. Congratulations to everybody who entered on the blue Wave E support area! :) Thanks for reading. NO FINANCIAL ADVICE.
by KanashimiBro
BTC - 4H Elliott Wave Count (part 2 of 2)Greetings, this is my current Elliott Wave count for Bitcoin. This time it is a bit different as I will do two separate post one containing the bullish count and one containing the bearish count. I split it up into two posts to keep the chart clean so it is easier to understand and I highly recommend reading both as none of them is preferred at the moment. I do post both counts now instead of waiting for clarity so everybody has time to prepare and get ready as the price might move fast especially with more news tomorrow the 16. January and the inauguration of Trump next Monday the 20th January. The counterpart counts will respectively be posted in the notes down below. The bearish count: In this count we assume that we are still working on the red Wave C and the recent rally is just the white Wave 2 which would be followed by an impulsive Wave 3 in white. The white Wave 2 unfolded in the orange ABC as an expanding Flat with the orange Wave B hitting the 1.38 extension of orange Wave A which is a common target for an overshooting B Wave. The white Wave 2 support area is between the 0.5 FIB at 96908.9 USD and the 0.786 FIB at 100257.0 USD. We are currently trading within it. Be aware that a sustained break above the 0.786 FIB at 100257.0 USD is the first indication that the blue Wave 4 has finished at the 88909.0 USD on the 13th of January. Noteworthy is that 100k is a psychological level and we might test it, which would go beyond the 0.786 FIB at 100257.0 USD but as long as it is a wick and not a sustained break that would be acceptable. If white Wave 2 is finished potential targets for the white Wave 3 would be the 1 to 1 FIB at 88040.3 USD, the 1.236 FIB at 85277.6 USD, the 1.38 FIB at 83591.9 USD and the 1.618 FIB at 80805.8 USD. Important is that we see an impulsive five Wave move down now. Thanks for reading. NO FINANCIAL ADVICE.
Short
by KanashimiBro