Good morning guys, the two recent setups with NeruSuite have been playing out nicely on the matching Pivots, both being cut off at the SMA100. Since then we could not validate the inverted Head and Shoulders and got now stuck in between Weekly and Monthly Pivot. I am going to remind you, that it happened also when we were experiencing the sideways between $7.6k...
Going from the H4 to the Daily, where we can see much better, where we are standing. It should be clear, that our Hotspot is slipping more and more out of reach and targets will faint and crawl lower the longer this is going to take. Our Leadline is in place, and as long as it doesn´t get broken I am not overly concerned, but also not denying a potential further...
After last night´s baby dump below Monthly Pivot level, it is now in question if this is the proper Retest I was mentioning before, OR if this is the weak spot where we will break down. Big question mark. This did not yet change my mind, but I am going to re-adjust my plans if today´s outcome is as uncertain as this iHS was since 19/7 (Weak right shoulder, a...
We have passend and will hopefully confirm this breakout above the Monthly Pivot level, by retesting it properly to gain momentum and volume for the Weekly Pivot breakup. Target Zone is marked, this looks more bullish now than it did earlier. We need a higher high now. _____________________________________________________________________________ No financial...
I am aware people see this jump up as a very good sign of life for altcoins in general and there is a big difference between LTC and f.e. ETH, Litecoin´s progress is approaching some key levels earlier than Ethereum does and also the volume keeps going up quite steadily. The Leadline approach for Litecoin looks like a morning star. For those who are interested in...
Ethereum looks more or less still quite steady, and as long as the Leadline doesn´t get broken, I am not concerned. The way to Ethereum´s Yearly Pivot ($543) is still very long, but it´s not out of reach once ETH starts to pick up volume and breaks the local high´s level around $340, at the moment there are still good ways to set proper stops for long-term...
This inverted Head and Shoulder looks weak, even though we got a right shoulder, the volume doesn't look perfect. I am keeping my hands still right now, the Monthly Pivot needs to be broken first until this pattern can play out nicely. I am not sure this will happen. With this probably being declined, the 8k Yearly Pivot comes back into my game. Above Monthly...
I am going to watch this until the price tells me something different. Totally undecided right now. Keep focus guys and don´t force yourself into trades based on assumptions and gut-feelings. H4 did a very good job recently, also H1, so I prefer staying here right now. Keep an eye on the monthly Pivot. This pattern is still in the make and the volume profile is...
Let´s see if we get a right shoulder. _______________________________________________________________ No financial advice. NeruSuite v5 - advanced technical analytics tool. #dyor
We are certainly in a critical area, where we could see another turn down and then hoping for an inverted H&S building out as reversal pattern. We are just approaching the potential neckline(s), starting from different previous prices. So far Bitcoin does not look as if it wants to build out an iHS. Let´s see what the next hours bring and then make a couple of...
Educational Tipp: If you are in an area like we are currently, around the Monthly Pivot, within or near a bigger accumulation zone, near a neckline of a w-top, in a short-term downtrend (for H1), where some reversal potential could turn up out of nowhere, DO NOT FORCE TRADE-SETUPS. A day without trading and no setups to find can be a good day too! Go out and have...
We are with rather bigfoot steps approaching our leadline of bearish broadening wedge. Last nights close below monthly pivot, below the current daily trendline AND below the neckline of the w-top pattern is shipping us into deep waters. If this diagonal leadline get´s broken with volume we will go into further correcture. Overall first target 8,9k and 8k...
I am not sure this will hold, let´s watch out for good reversal signs.
Good morning, after a very clear short opportunity (extremely overbought, stochastic broke down & evening star) just below the Yearly R1 Pivot the short is either been closed at this SMA100, also called SMA-Stop and got 10% (without leverage) profit, or for those who are still in and played this game against the trend, they should already have their stop about...
Last time we approached a Pivot, we did have a stage when we simply jumped between that Yearly Pivot just around $8k and the Monthly Pivot around $7.6k. This time, we did not really try to overcome the R1, well not seriously. There is a good chance we will stay in this moody price action for a while longer and I even am not 100% convinced we will break this...
Good morning everyone, I have been asked to label the important upcoming resistances and supports with a price tag. As you know me I am working with breakout-levels, PivotPoints and 3 SMAs. Here we go, please still keep an eye on the hidden bullish divergence on 3D that will be hopefully close bullish today to produce further upwards potential, as it did in the...
I will leave this chart fairly uncommented, it should be very clear what happens, if we start a move up, or will close below the monthly Pivot Level on 3D. Everyone should know how to figure out targets and what happens if they are either met or failed. Pivot´s and Divergences (also Volume) are three of my seven favourite indicators that I have melted into a tool,...