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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."
COINBASE:BTCUSDLong
by Trader_Johnni
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.
BITSTAMP:ETHUSD
by Christola-BANKOLE
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
BITFINEX:BTCUSD
by CryptoWithCrash
2
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?
KRAKEN:BTCUSDLong
by TJ3x3x3
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.
COINBASE:BTCUSDLong
by TJ3x3x3
1
EURAUD 10M/15M PIVOT STRATEGY LONG TRADEBest Pivot Point Strategy PDF Pivot Points are one of our favorite trade setups. We’re going to show you what the best method is to trade pivot points through our best pivot point strategy PDF. The pivot point strategy doesn’t require significant trading capital. It can yield positive results right away. More often than not retail traders use pivot points the wrong way. They usually sell to quickly when the first pivot point resistance level is reached and buy too soon when the first pivot point support level is reached. This is the wrong way to trade because you’re trading against the prevailing momentum which is one of the reasons why retail traders lose money. Now, before we go any further, we always recommend taking a piece of paper and a pen and note down the rules of the trading strategy. For this article, we’re going to look at the BUY side. Step #1: Trade only at the London open or the 8:00 AM GMT The best time to trade the pivot points strategy is around the London session open. However, it can be used for the New York session open with the same rate of success. We trade the London open because that’s the time big banks are opening for business, and the smart money operates in the market. Note* We’re going to use the 15-minutes time frame and trade based off of the daily pivot points. Step #2: Buy at the market if after the first 15-Minutes (10M) we’re trading above the Central Pivot Point If after the first 15-minutes (10M) into the London trading session we’re trading above the central pivot point. Then we buy at the market. The trade logic behind this rule is simple. Once the market is displaying a disposition to trade above the central pivot point, we assume that the bullish momentum will continue to persist. If the price of any currency pair is trading above the central pivot point, then the bias for the day is bullish and we’re only looking for buying opportunities. (Opposite if below and bearish bias) Important Note * If after the first 15-minutes into the London session we’re too close to the first resistence level we better skip this trade opportunity because the profit margin has tightened. The next important thing we need to establish for our day trading strategy is where to place our protective stop loss. Step #3: Hide your Protective Stop Loss 5-10 pips below the Central Pivot It’s essential to have a good strategy for your stop loss as much as to have an entry strategy. If the price breaks below the central pivot point then the sentiment has shifted on the bearish side and it’s wise to get out of any long trades. However, in order to accommodate any false breakouts, we also use a buffer of about 5-10 pips below the central pivot point for our SL. Step #4: Take Partial Profit #1 at Resistance 1; Take Partial Profit #2 at Resistance 2. We employ a multiple take profit strategy because we want to make sure we give the market the chance to reach for deeper support levels. The first pivot point Resistance level is the first trouble area and we want to bank some of the profits here. We also advice moving your protective stop loss to break even after you took profits. At the second pivot point, the Resistance level is where we want to liquidate our entire position and be square for the day. Note** the above was an example of a BUY trade using the best pivot point strategy PDF. Use the same rules for a SELL trade – but in reverse. You absolutely need to start using a pivot point strategy as a complementary tool to your support and resistance strategy if you’re not doing it already. These pivot point trading secrets are very powerful price-based support and resistance levels. The best pivot point strategy PDF signals a good entry point near the central pivot point and also provides you with a positive risk to reward ratio which means that your winners will be higher than your losing trades.
by Tradingstrategyguides