noodleboy88

noodleboy88

Overnight a big dump to finally complete Monthly R1 to Monthly PP. Monthly PP support as evidenced by strong buyers. Look for 4849 before end of month for MPP - MR1. Price action shows us which pivots are relevant. Big moves happen on Monthly Pivots. Headed back to the time where there was no snow on the ground yet.

noodleboy88

Resistance at 3808. Back to 3230. Algos trade at pivots. Monthly pivots are well respected by ETH price. 4000 is a psychological number that a lot of people are *expecting*. What I see is rez 3808. Trade what you see not what you think. If 3808 breaks with conviction this will turn into a long. Manage risk and stop losses accordingly. Always use stop losses,...

noodleboy88

3116 Monthly PP area is breaching, look for price to move to 3370ish area, as the double top in the intraday action is being tested at 3140 and triple tops rarely hold. Shorts are likely trapped at the 3040 Weekly S1 area that served as resistance before the recent dip, and now acted as support on the day with intraday retest of that area. When Resistance breaks...

noodleboy88

That happened pretty fast. Possible move back to Monthly PP from Monthly S1. Monthly support is where to add risk.

noodleboy88

Look to 1080 on BTCDOM for Monthly PP to Monthly R1. Trade accordingly.

noodleboy88

ETH found support and some relief at Weekly S2, which has great % odds of holding. Weekly S1 has not been a great buy lately with 7 times going to S2 and 2 times going to S1 in the last 15 periods. With rez confluence of Daily PP (3077) and Weekly S1 rez, if buyers cant press price higher over the bear/bull line (daily PP) Look for ETH to travel back to the...

noodleboy88

Pivot points are what they say, a point where price turns around. Algos often trade on these lines. Weekly time frame are especially good for short term traders. Other time frames are daily, monthly, yearly. This week ETH and BTC turned around on the weekly S2 level. They are a forward indicator that provides ability to time market opportunities, and define where...

noodleboy88

Chart shows daily bars and DODO hitting Monthly Support level 2 (MS2) on May 23rd, which is pretty over sold. Pivots tend to trade at resistance to support lines, and vis versa, on their corresponding timeframes. DODO has a reason to meander to a Monthly Resistance 1 (MR1), judging by the price action since MS2.

noodleboy88

VET is headed to .078 because confluence of purple and red lines (exact values on chart). Big moves happen when R1's break on crypto. Triple tops rarely hold.

noodleboy88 Updated 

Sideways auction appears to be breaking critical support, with moving averages cross and convincing break of weekly pivot point (cyan). Weekly pivot point is the bear/bull line on the week. I can see it trading to the Weekly S1. Pivot points act as magnets, as algo's are actively trading at them.On the flip side of this, is S2 is strong support, and this can...

noodleboy88

Classic Weekly R1 break outs are some of the strongest signals I've found on alt coins. It just so happens to be a confluence with the Mid of the month. Come Monday there will be new Weekly and Monthly #'s. If we can catch a bid here, I see this coin resuming momentum to the upside. This weekend is crucial. Keep in mind Weekly Pivots are for short term trades only.