BTCUSD PIVOT INDICATOR** The Channel Up and Pivot trend indicators**
Bitcoin is trading inside a Channel Up on the 1D time-frame which has been lately supported by the 1D MA200 (orange trend-line). Since the uptrend started on the July 20 low, the price has filled all major Fibonacci retracement levels except for one, the 0.786 (which is roughly at 54420). That would make an ideal technical Higher High on the Channel Up if hit in the next few days.
** The RSI **
However we need to consider the Lower Highs trend-line on the 1D RSI . This is diverging from the price action as it is giving Higher Highs on the Channel Up for BTC . The longer it holds, the more likely a correction is possible. However a break above the LH trend-line may initiate a strong rally to fill the All Time High ( ATH ) Gap.
** The LMACD **
At the same time the LMACD is about to make a Bullish Cross. A complete formation would be very bullish for BTCUSD as the last one on July 22 was exactly at the start of this strong rebound.
What's your current view on this? Is this all a strong bullish combination, or the RSI divergence can spoil the party? Feel free to share your work and let me know in the comments section!
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Pivotstrategy
GBPUSD SELL NOW (short-term sell 4H)The pair reached the top of the channel and I am expecting 50% pullback before it may brake the channel above. Pair also bounces from the resistance 1,3900 and strong last week and current pivots therefore it will be difficult to brake it further. OBV is below the 200 EMA which gives negative sign here. GBP economic data was quite week this week so I see no sense to the current move upwards as well. Let's make some pips!
BTCUSD Pivot PointsBTCUSD Daily
Looking at Traditional Pivot Points and the reoccurring price action between Pivots “P” and “R1” and highlighted by a Bar Pattern.
As defined by TradingView
“Pivot Point analysis is a technique of determining key levels that price may react to. Pivot points tend to function as support or resistance and can be turning points. This technique is commonly used by day traders, though the concepts are valid on various timeframes. There are several methods of identifying the exact points. Common types of pivot points are Traditional, Fibonacci, Woodie, Classic, Camarilla and DM and each type has its own calculation method.
Most use a variation of significant prices such as established highs, lows, opening and closing prices and then apply a calculation to determine these points. They all calculate additional support and resistance levels alongside the pivot points. They can be used to determine when to enter or exit trades or to determine the range of a market. Conservative traders look for additional confirmation before entering a trade. Whether pivot points are used alone or in combination with other techniques, they are a useful tool in a technical trader's toolbox.”
The Purple Bar Pattern is a copy of the last move from “P” to “R1” and if it plays out it will identify that the Key pivot sits alongside the previous top and could be used as Daily Resistance.
Do you use “Pivots”?
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
ETHUSD M15Tel pour le BTCUSD, Les prix sont en dessous du point pivot et ont cassé le VWAP à la baisse. Nous avons donc une forte probabilité, de vente. Mais actuellement nous sommes sur un niveau de support important S1. Il va donc falloir attendre la cassure de S1. Si non, les prix pourraient repartir ) la hausse et casser le VWAP , puis le point Pivot par la suite. Ce qui pourrait engendrer un mouvement haussier. Donc nous attendons la cassure de S1. Donc, En cas de cassure de notre support S1, pourrait passer en Short et viser le niveau S2.
BTC/USD Nearly All Key Historic Support/Resistance LevelsI have made the chart available to use/edit (Link in the comments, if it gets approved)
You can use the object tree tab (bottom right) to hide or show certain resistance groups to make it less cluttered.
Don't take the prediction too seriously, was just a conservative estimate for fun.
Key:
Multicoloured horizontal - Fibonacci extention from previous bear market bottom to bull market top
Orange horizontal - Previous Highs
Red diagonals - Previous 2 bull run peaks (probably new floor, I would be bearish if broke below)
White diagonals - Pivot point (Key highs and lows charted across a key pivot point)
Purple diagonals - Uptrend bottoms (Deeper correction more likely if breaks below)
Cyan/Blue EMA - 15/55 EMAs (If the 15 falls below the 55 on D/W candles possible indication of correction and/or bearmarket)
Yellow/Orange MA - Golden Cross (50/200 MA on D/W candles, yellow falling below orange is bad news, moving above good news)
Red MA - (21 MA on W candles, historically BTC has used this as support during bullruns, ie good buy points, fall below is bad news)
BITFINEX:BTCUSD
Pivot Ranges for MarchLots of room to move in March. The convergence of this weeks weekly S2, monthly S1, and the fib 78.6% (Jan. ATH) lines at 33k is happy news for bears. Lots of resistance points on the way back up for bulls.
I will DCA this month in the daily S1-S1 zones and watching the BTC dominance to fall for chances with alts.
Happy trading!
Pivot Support ZonesThe previous idea on the daily time scale was confirmed. A daily close below 54.3k (monthly R2 pivot point) and the next support level would be at 48.8k, which is right were we are at.
Following the same idea, if we get a daily close below the 48.8k level and next strong support level is in the 41k range.
The convergence of weekly and monthly pivot points as well as the previous ATH at 41k strongly suggests we might retest this level.
#DCAthedip
End of the month close: 48k, 61k, or 68k?The key range seems to be 54.5-57.3k
A close above this range and the next resistance should be at 61k. If that is broken 68k is definitely possible by the end of the month.
A close below that range and we could easily revisit 48k before moving back up again. There should be strong support here (including mine) with everyone and their grandma buying the dips.
Or we could just consolidate in the key range for the next week before making a move. What are your thoughts?
Bearish HarmonicsThings are looking up at the moment, but the bearish harmonics at daily R1 suggesting that the resistance may still be too strong. If we cannot break this daily resistance at 32.3k we should get another opportunity to buy lower at 30.7k or 28.8k as this sideways movement continues. Waiting for the big moves down to 28-25k or up to 35-37k.
Weekly Pivot TrendFollowing this descending channel on the 4hr time frame since the ATH, we see that each week when the price has dropped through the weekly pivot point it has hit the S1 each time before recovering. This week we haven't been able to hold at the weekly pivot, so down to 28k we go...
From that point, there should be enough interest to recover and hopefully break out of this channel hitting 33k, then 37k, then new ATH. If not it looks like we finally enter into bearish territory on the longer time frames.
AVE LongBought into AVE a couple of weeks ago on 4/12/2020 at 0.014. So far I am happy with its progress.
Trialing a trailing sell technique with this one.
ENTRY: 0.014
Original STOPLOSS: 0.012
Adjusted STOP LOSS: 0.019
Resistance level expected around 0.026 - 0.033
Conservative Target = 0.026 - 0.033
Aggressive Target = 0.040 - 0.046
RMX LongAggressive entry at 0.013 on Friday 10/12/2020
Stop loss at the 0.618 fib level = 0.010
Conservative target at the next resistance level determined by pivot strategy indicators = 0.023
Aggressive target beyond the 0.618 fib extension level determined by flag pattern = 0.030
Mid range target at the 1.618 fib extension lvl = 0.027
Long Bullish on USDShort term bearish, then bullish through 2021 based on the following:
SRSI overbought but bullish
RSI overbought but bullish
BB between previous S4 and current R2
Projected movement is 94.65 to 93.65
Movement to follow S, R, and P pivots
SPY bullish by +5 or 334 based on auto fib
Range is 93 to 100 by 9/30/21