


If you would like to support me, please ‘like’ the chart and follow me. With the market volatility settling down after this week’s route, it could be time for a retracement. We will need to see the price move above the Daily Pivot Range (blue dots), as well as the Opening Range high which marks the ‘A’ up level. With a significant double bottom formation this...
As you can see the resistance is the 3 Day Rolling Pivot Range high, that's the higher set of green dots. This is a key level that if broken through could carry us to higher levels. Already the price tested this level and failed. It wants to test it again. Take note of the stop loss at the Opening Range low and the first profit target. There is a second profit...
There is a nice uptrend line for the last 2 days that is lending to a possible market reversal. Oftentimes when the market is consolidating a level it will tighten up our indicators, which are all based on price action. So for this setup we are seeing the Daily Pivot Range indicator, the 3 Day Rolling Pivot Range indicator and the Opening Range indicator...
I published this yesterday as a private chart for other venues and decided to make it public as this is a new coin listing at Bittrex. The response was mild in the other publications where I published this chart and so wanted to reach a larger audience to notify them of this coin. Full disclosure, I do own WAX and believe in it's long term prospects. However...
As you can see on the chart the 'A' up trade signal has been given but has drifted the last few hours. The only way to prudently get long at this point would be to buy on a close above the key resistance of the 3 Day Rolling Pivot Range (RPR) as shown on the chart. Once the price pushes higher bring the stop loss up to the Daily Pivot Range low. This is a good...
The daily bias was in the neutral zone for the short term with the price trading inside the Daily Pivot Range (blue dots). Now the price has moved above the Pivot Range and has traded above the 'A' up value line for at least 15 minutes. This is our entry rule of time and therefore this is a buy. The Daily Pivot Moving Averages are turning up and the MA14 is...
The bias remains to the upside for the short term with the price trading above the Daily Pivot Range (blue dots), therefore this level is key support. With this bias to the upside our ‘A’ up value line is our first entry point for the day. The 14 Day Pivot Moving Average (red) is turning up, and crossing the 30 Day Pivot Moving Average (yellow) and this is...
The price for LTCUSD remains with a bias is to the downside with the price trading below the 3 day Rolling Pivot Range (green, yellow dots). However the Daily Pivot Range (blue dots) are neutral at the time of this writing with the price action staying inside the range for the past few hours. With today’s Opening Range (whiter background) also holding...
With the market trading in a narrow channel for days now, the time was ripe for a strong move. The key support of the Daily Pivot Range and Opening Range provides the bias to the upside with price holding above this support. What gives this trade even more catalyst is the narrowness of the Pivot and Opening ranges. With the new session opening with another set...
Take a look at the chart and see analysis. By our first rule, the entry needs to be confirmed by trading at or above the 'A' level. However this breakout is happening with new all time highs and would warrant entry at this time with the nature of cryptocurrencies, particularly the inability to short this market.
This same setup is occurring in most other cryptocurrencies, BTC', LTC' etc. This trade takes guts and why I call it the Fortitude setup. Go long a break above the high of the Hammer Candle.
Here you can see the setup occurring if the entry rule is met. The price must trade at or above the 'A' value line for a minimum 15 minutes to validate a long signal. Beware the 800 level which could be the catalyst to explosive upside or provide an 'A' up failure trade which would make a significant correction to the downside.
The price action is setting up for a renewed bullish move up. Our entry rule must be met in order to go long. The rule is: the price must trade at or above the 'A' value line of 17850 for at least half the Opening Range of 30 minutes. So, if in 15 minutes the price completes this action, we can go long. Then place stop loss at the Opening Range low of 17734. Stay...
This shows you the importance of these price action indicators. The Daily Pivot low is capping the price with resistance for the last many hours and the Opening Range high is supporting the price. Tells you something about the value of these 2 price indicators.
This chart shows the importance of the Opening Range, Daily Pivot Range and the Daily Pivot Moving Averages, particularly in unison. Setting up nicely for a good move up if the key resistance level 720 can be broken.
See the setup for a bullish scenario with pullbacks possible to cover previous gaps up, creating buying opportunities. Often times the gaps in price action will have a tendency to be covered by future price action. These areas act as support and resistance and magnets for price action to retrace and afterward continue the underlying trend.
Similar to the LTCUSD trade setup occurring here: See if you can identify the same rules in the setup we see in the LTCUSD chart on this setup with ETHUSD. This is the value of this system, very easy to identify high probability trades with excellent risk reward.
This is another classic 'A' up trade with the price action rule to trade above the 'A' value line (green line) for half the Opening Range (white dots) time to validate a long signal. Yes we are extended on the upside but the signal is setting up clearly. All other resistance is breached above the Daily Pivot range (blue dots) with the Daily Pivot Moving Averages...