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Pointofcontrol

Bitcoin Bouncing Off Resistance, Key Short Term Levels to Watch!Good Afternoon traders! Bitcoin is at it again. At time or writing, Bitcoin is trading at $10,682 and it just bounced off of resistance towards support, here are some key levels we may want to keep an eye on. The daily chart shows Points of Control(POC's) at $10,700 and $10,598, and, the most prominent POC on the daily, $10,400. If we zoom in on the hourly, we can see that since about 8:00am(EST) this morning on 9/3/2019, BTC has been trading between $10,700 and $10,598. We just saw it test $10,700 almost exactly, but it bounced. We are still in this nice and small range, and these levels should be watched carefully if you are in BTC currently. If $10,598 does not hold, then we may see a test of our strongest POC on the daily, $10,400. If $10,400 does not hold, our next resistance POC is at $10,115, which was formerly the strongest POC on the daily until the last day or two (and is definitely the second strongest POC on this chart.) If we can surpass $10,700, however, we will face resistance POC's at $11,382, $11,715, and $11,868. Disclaimer: This is NOT trading advice! These are merely my opinions that I have posted for you to use as one of hopefully many tools for making YOUR OWN decisions. I hope you all kill it, but I am not responsible for any financial losses. Thanks for reading!
COINBASE:BTCUSD
by CryptoRichCrypto
1
USDCAD - Point of control of the Year 2018 We can see strong uptrend on USDCAD i the whole year 2018... For that reason i expect continuation this uptrend in the Year 2019. After correction to the 50 % fibonacci retracement moved up of the Year 2018, can be possible change trend up on USDCAD right now on price level 1.30262... 50 % moved up is so near to the Point of control of the year 2018.... So there is a lot of confirmation for the trend reversal... 1. ABCD GARTLEY 2. POC OF THE YEAR 2018 ( Volume cluster ) 3. STRONG UPTREND in 2018 Happy trading Dale
by Trader_Dale
5
EUR / USD - The trend is your friend?Until it ends and like anything in life, you can find yourself lost in the wrong direction. I like to keep my analysis simple as the markets are always changing their dynamics. We can see the new uptrend started from our long period of lows which could be a substantial factor to start going long in this pair. As of writing, I would be looking to buy within the value area between the monthly VWAP (yellow line) at 1.12623 and the next POC at 1.12356. The value area has been highlighted on the chart, and I would advise you add your own fundamental analysis on top of my technicals. You can now join the private IONIC Capital telegram group, where I am building an open community to talk about investing and capital preservation. IONIC Capital Telegram Plus, check out the blog, remember to like this post and follow me on Tradingview. LITTLE BIG MOVEMENT LATEST BLOG let me know your thoughts on this one "Patience is the key to any market" - Nathaniel. Thank you for your love and support. Regards Nathaniel - "The value Trader" Little Big Movement / IONIC Capital
by Little_Big_Movement
BTC/USD H4/D1 charts (1/24/2019)Good morning, traders. As you may be aware at this time, the VanEck ETF was pulled so there will be no decision in February. Normally, such news would've seen Bitcoin drop a few hundred dollars at the very least and if we listen to the most emotionally bearish among us we should've seen a drop through the 2018 lows. However, we only saw a drop of $40-$50 as price bounced off the EQ of the pink TR and, as of this morning, price has recouped that loss and moved higher. This doesn't mean it won't still dump, but it's encouraging at the moment. The smaller TFs are starting to show some signs of life, but we absolutely must see follow-through into the higher TF. As I mentioned to our Discord members and on Twitter, yesterday, the lack of a strong negative reaction to this particular news may be a sign that price is ready to mark up. Market participants should pay close attention to this pair's movement over the next few weeks. After yesterday's news, I told our Discord members that they should be watching the yellow and white resistance/support lines in RSI. A break and close above both colored resistance lines should indicate that price is healthy and strong which would suggest movement up through the overhead supply and an initial target of $3780. Price is currently attempting to move higher than the H4 McGinley Dynamic after testing the descending dashed line as support and RSI has moved above the white resistance. If price happens to fall, I will be looking for the green demand zone around $3390 to provide initial support. As I said in yesterday's update, price still needs to close above the pivot and POC on the H4 and D1 TFs. When it comes to the D1 chart, I'm still watching for price to breach the noted white dotted resistance. Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. Remember, you can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own.
BITSTAMP:BTCUSD
by Chris_Inks
2