BITCOIN IS GOING TO 14k with yearly close.I did the calculations. The developing yearly Pivot for bitcoin is now 14.4k. even if we closed year at 22k. the pivot would still be down at 15k. Now I have circled the last 5 out of 6 years where bitcoin open away from its new yearly pivot. It can be seen that price was magnet pulled to the pivot. and usually early on as well. This is something that happens with every monthly weekly and daily close on most assets across all markets with closures ad untested pivots and it is baked into the very algos of the markets. I think It will be inevitable unless we pump up 10k high by yearly close. then maybe we could retrace to where we are now
Yearly
How to use yearly pivotsYearly pivots are among my top favourite tools.
Nearly all the major reversals or rallies stop or turn at yearly pivots.
You can also use them as targets when you see price is heading or is close to yearly pivot. It will surely hit it.
You can observe it for yourself on this EURUSD chart.
When price is above yearly pivot target R1 if below target S1. Watch also Yearly Midpivots (they are also very important).
It is good to use long term moving averages along with yearly pivots to detect the long term trends.
To apply yearly pivots use - choose "pivot points standard" then choose yearly classic, set period to 2 last years, unclick R3 S3 as price rarely makes it those (unless it is a super volatile pair).
For mt4 you can download free indicator "yearly pivots".
Good Luck!
Bitcoin YOY Returns at 200%Bitcoin's year-over-year return averaged for the past three years (green line) is still 200% per year (3X your initial investment) meaning it is still one of the best long term investment vehicles, even outside of trading. I highly suggest a time-based investment strategy where you buy some amount of Bitcoin every month.
AUDUSD Approaching the 2019 High: Will It Find Resistance?The AUDUSD is quickly approaching the 2019 High: Will It Find Resistance?
We have seen a strong bull market in recent months for the AUD, spurred by foreign investment in Australian bonds. As the Aussie reaches towards the 2019 high it raises the question: will the Aussie finally find resistance?
USDZAR OLHC STRUCTURE JULY & POSSIBLE OHLC CONTINUATION YEARLY Please support this idea with LIKE if you find it useful..
OLHC STRUCTURE FOR MONTH OF JULY & POSSIBLE OHLC CONTINUATION YEARLY SELL SIGNAL 2020
JULY MONTHLY STRUCTURE
Kindly wait for price to find a strong SUPPORT Possibly around 16.33390. We will find confluence with other technical indicators for a VALID BUY ENTRY.
HOUR 4
POSSIBLE OLHC STRUCTURE.
WAIT ON TDI CROSS FOR VALID BUY ENTRY.
Remember we still in the first week of the month which means beginning of session traps. Trade with Caution. Wait for valid entries.
P A T I E N C E + D I S C I P L I N E
#BTC swing - Update on H&SOriginal Idea -
i never say to go all in, I am happy that I was able to accumulate 6k-4k levels, I still had bids pending at 2k & 1k but IMHO if we hold 6.6k then people calling for BULL RUN won't be that far!!!
Trade safe boys & girls make sure to checkout telegram channel for scalping & leverage trading
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Most important levels for BTC and how you can mark them yourselfCurrent Year view BITMEX:XBTUSD
Marked more important levels.
Yearly open YO
Yearly low YL
Monthly open MO
Monthly high MH
Monthly low ML
Weekly open WO
Weekly low WL
weekly high WH
Green if above YO MO WO
Red if below opens.
I'll update this post all months!
You can see these levels in you chart with this script:
Bitcoin year-end + first month projections. Weekly time chart- I've been eyeballing this trend-line from the peak and appears there's plenty of contact points to confirm it's existence. Year-end typically has been down for BTC in most years with a recovery the first week or two of January, which i expect since there's a 200MA hard resistance confluencing with the end of that downward trend. Capitulation can be expected to be at around 40% of the time it took to spike and recover if BTC repeats or rhymes with history, like it usually does.
#btcusd #bitstamp - Bitcoin hitting yearly R1 #PivotBitcoin hitting yearly R1 Pivot today, when Bitfinex will have a prolonged downtime. Stay safe.
twitter.com
*Always set stops. Dyor. No financial advice.
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BitMEX Ref-Link for 10% Fee Discount the first 6 months: www.bitmex.com
intraday setup: AUD/USD analysisprice is retracing into the key 61.8% retracement zone, forming its right shoulder as a head and shoulder reversal pattern, the previous day we created pin bar as the price is currently trading at yearly lows, we could expect some of form of momentum picked up towards the highs.. attention will be towards FED announcement, a dovish sentiment could boost momentum for AUD
risk-reward is great as usual 1:2 ratio
Litecoin - LTCBTC - Yearly OverviewHey guys,
Here's my take on LTCBTC right now.
The RSI is quite oversold right now, so it should go up and recover any time soon within this week or next week.
Once it reaches it's critical point, late 2018, it should, hopefully, touch down on the trend line, and spring upwards.
Remember folks,
Patience is paramount!
Good luck!