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YPP does not work, does MPP work?eurgbp has been keeping a narrow range since May. As you can see, YPP (P) does not work and MPP (P) is functioning. As you can see from Weekly , it is a range quote in the long run. It seems that you can aim for long after confirming support of MPP (P). << tactics >> 1) MPP (P) 0.88187 is functioned as a support line. Long entry. The first limit is under WePP (R1) 0.88841. The second limit is under MPP (R1) 0.89194. 2) It is doubtful whether MPP (P) 0.88187 functioned as a support line. After penetrating downward, check if it functions as a resistance line and consider a short entry. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thick line: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding round number. Red thick line: Untrustworthy line for me Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Long
by fondiea
Nothing is trending o.0 Dead week ahead?Hey, like all my chart styles? They're pretttyyy :) Perfect dead week ahead, good timing as I did ZERO of the research I wanted to do this week end, I want to peace out for a while. I just set my 25-30 alerts which takes me 1h-1h30 every week (last week i only set less than 10 only wanted to trade clear trends). I watch a little over 20 FX pairs, 4 metals, half a dozen commodities, and if I remember correctly the only one I saw clearly trending was soybeans: And still not sure. Oh well maybe there was 1-2 others. What's going on lol. I am just going to trade big supports with rsi divergence then? I am asking myself if I did not get too demanding and too picky. But probably not, I did not become much more strict, there is really not much action only uncertainty going on. Wasn't in a hurry to get rich anyway. This is perfect for anyone making the jump from crypto, we can take it slowly, take our time to do research etc. While every one is lazing around, going on holidays, we will wait in the shadows and prepare, analyse everything, chart the past, backtest strategies, and egt ready, for when the cattle is back, we will strike swiftly, and without mercy, and strike again, and again, until they are all defeated and our belly is full. TO VICTORY!
by MrRenev
ETH/USD - Market RundownCryptocurrency continues to fall in the majority as most of the leading markets are under the mercy of a technical downtrend which is dragging price down despite numerous attempts to support and break out. Since 11th July price in Ethereum has been attempting to find support at 430 levels, and this has been holding for the past few days but has looked increasingly weak at the support as time has gone on. Price looks especially weak now, with weak candlesticks as the 20 moving average was retested as resistance was hit, and price is now rolling over since. If price breaks the consolidation support then price is going o make a solid down move to the downside in the form of a 3 wave down move. The downside target coincides with a horizontal support zone between 369 and 343, and also a long term side-wards support line at 362. Due to there being more supports at this target, logic dictates that there will likely be quite a lot of buy orders at or just under the level I have mentioned, and this is simply because from a technical analysis perspective, price has a high probability of bouncing! More supports and "circumstances" that line up in a trade, the better. In this case, especially. The support could have held with a 50/50 odds in my opinion, until price did a clear retest of the 20 moving average and failed, showing even in the short term, Ethereum lacks enthusiasm from bulls. Why would bulls rush? They can wait for a safer level lower and just buy there! Only people in a rush will get burned trading Cryptocurrency, and experienced people will let the opportunity come to them (Basically cashing in on less patient peoples capital) and ultimately winning. My point being, let's be patient, wait for the opportunity to come to us and until then, just watch calmly, and trade the circumstances. When price has a candlestick close below 417, this will be definite confirmation price is moving to the horizontal support zone between 369 and 343. the only way that my downside idea will be negated is if price has a firm candlestick close above 450, but as it stands, the probabilities are that we're going down. Where do you think price is heading now? Leave a comment below this analysis with a chart so we can all share! Please leave a LIKE and FOLLOW. I'd really appreciate it. :-) Thank you for your support.
BITFINEX:ETHUSDShort
by TomProTrader
37
Euro Getting Ready for Another 300 Pip Drop. {Chart} #Euro #fx #forex @cfromhertz @Simple_Trends @traderstewie @the_chart_life @mark_hruska @HiddenPivots @mjekm5 @livetradepro @Master_Charts @TMLTrader @PatternProfits @EDWARDTRILEY These custom support resistance indicator lines show decent places to enter or exit. The Blue indicator line serves as a Bullish Trend setter. If your instrument closes above the Blue line, we think about going Long. If your instrument closes below the Red line, we think about Shorting. For Stocks, I prefer to use the Yellow line as my Bearish Trend setter (on Daily charts). Find out more. Send Private Mail (PM) to @MasterCharts
Short
by mastercharts
MPP, almost did not move.MPP was updated in July. Unfortunately, however, it did not almost move about this symbol. As the weekly chart, it is a range market so it will be both short and long compactly for a while. Weekly chart << tactics >> 1) MPP (P) 0.98956 is function as a support line long. The first limit is under WePP (R1) 0.99799. The second limit is under 1.0000 but it seems to be dangerous. 2) It is doubtful whether MPP (P) 0.98956 functioned as a support line After going through MPP (P) 0.98956 and acting as a resistance line, consider a short entry. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Long
by fondiea
MPP, almost did not move.MPP was updated in July. Unfortunately, however, it did not almost move about this symbol. As the weekly chart, it is a range market so it will be both short and long compactly for a while. Weekly chart << tactics >> 1) MPP (P) 0.98956 is function as a support line long. The first limit is under WePP (R1) 0.99799. The second limit is under 1.0000 but it seems to be dangerous. 2) It is doubtful whether MPP (P) 0.98956 functioned as a support line After going through MPP (P) 0.98956 and acting as a resistance line, consider a short entry. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Long
by fondiea
Whether uptrend is supported by the new MPP (P)?In July a new MPP was drawn. Currently it is the situation that it will rise again with the support of new MPP (P) 1.31266 neatly. Even if looking at the weekly chart, It have been slowly raising it for nearly 10 months. Weekly chart As a provisional up trend, I'd like to simply place a long. << tactics >> 1) MPP (P) 1.31266 functioned as a support line long. The first limit is under the horizontal line 1.32600 (neckline of the latest double top). The second limit is under WePP (R1) 1.33035. The third limit is under MPP (R1) 1.33941 2) It is doubtful whether MPP (P) 1.31266 functioned as a support line I am watching it as an uptrend, so I will not think about short once. I will observe. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Long
by fondiea
Whether uptrend is supported by the new MPP (P)?In July a new MPP was drawn. Currently it is the situation that it will rise again with the support of new MPP (P) 1.31266 neatly. Even if looking at the weekly chart, It have been slowly raising it for nearly 10 months. Weekly chart As a provisional up trend, I'd like to simply place a long. << tactics >> 1) MPP (P) 1.31266 functioned as a support line long. The first limit is under the horizontal line 1.32600 (neckline of the latest double top). The second limit is under WePP (R1) 1.33035. The third limit is under MPP (R1) 1.33941 2) It is doubtful whether MPP (P) 1.31266 functioned as a support line I am watching it as an uptrend, so I will not think about short once. I will observe. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
Long
by fondiea
BTC/USD - Levels To BuySo it's been a while since I have been excited about Bitcoins price action. We had a breakout on Monday which negated a bearish flag that was in play (See related ideas for more information on our previous analysis) and price still appears to be rallying! Price not surprisingly moved sideways after the big up move which was likely due to hesitation. Price is rallying and approaching the long term side-wards resistance at 6380, which converges with where the 50 moving average will act as a resistance. If price breaks above the side-wards structure and the 50 moving average, price could always use the 50 moving average as a support. With price being down for so long, even seeing a compelling update such as this is exciting, especially in a space where moves generally happen with high amounts of volume and spontaneity. There is 2 ways price will behave over the next few days: - Price breaks side-wards resistance at 6380, breaking the 50 moving average. If this occurs, we will want to see a retest on the side-wards resistance as a new support level. Once there is a confirmation the line is being used as support, I can consider a buy opportunity up to the resistance zone target at 7190. - Price hits side-wards resistance at 6380, also finding resistance on the 50 moving average. If price stalls here, it is likely price will fall back into structure and retest within structure, likely not getting any lower than 5710 before going back to the upside again Bear in mind that if price breaks structure, it is very important to wait for a retest. With Bitcoin's late volatility and unpredictability (In high volumes), you need to be nimble making trades and follow strict trading order of operation and engagement rules to keep your capital safe. Also bear in mind that the breakout of structure will likely hit a resistance which geometrically lines up with where the bearish flag support line turned resistance meets! This means if it breaks down and retests the long term side-wards support on my chart, it could have a lot of difficulty breaking the flag resistance retest level at around 6880! This is extremely important to note, and for this reason I only recommend highly experienced traders take that retest trade for the long run. Novices are likely to get burned. Please leave a LIKE and follow. This will motivate me to post more analysis. Thank you for your support.
by TomProTrader
22