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Pivot

$J200 JSE TOP40 observationThe Top40's Price action has been anchored between the main Pivot Point (48 400) and Resistance line 1 (53 000) since early February. (200 week ma = 48193). Besides for the month of January the rest of the year's price action has taken place inside this range. Watch for a second consecutive weekly close below the pivot point level @ 48400. A close below last weeks candle low @ 48000 is even more important. Should we see either/both of these levels breached on an end of week closing basis, it will signal a shift in market direction firmly into the hands of the bears moving into year end. If you then project the range of the pivot action (53 000 - 48400), a break below 48000 can see us move to a projected target of 43800. Still early days but important to keep a close eye as the market is at a critical juncture here...
JSE:J200Short
by MarcoOlevano
Ethereum relief rally - 214$ soon?Hey everybody. Looked at impulse waves and what I see that we are in wave 4 right now looking at weekly. Although it's a tricky one! Irregular ABC correction coming to play! As you can see we had same situation almost touching 1.236 and then changed direction rapidly. Usually 1.236 & 1 is profit taking zone. My personal TP zone is 214 because of a weekly pivot. It aligns almost perfectly with inverted fib - 1. It can land anywhere between 214-228$, don't forget to take profits! My monthly bias on 130$ Etherium doesn't change! This is for medium term only! *** Keep in mind that only breaching 1.618 @252$ would invalidate this correction and price could take of Trade safe and I hope you have great week ahead. This is not a financial advise! xena.exchange
KRAKEN:ETHUSDLong
by Patrikas10
6
Apple finally breaking this years resistance level?This year Apple tried 3 times to break 212 level, no luck for now. It seems like it's quite strong resistance, it's R1 in both Fibonacci and Traditional Pivot Points. Will it break it this time? Just watched Apple's Keynote, they presented the new iPhone, iPad, iWatch, TV+, Apple Arcade. Maybe that will help the price this time? if you want to hear more from me you can join my Telegram channel: t.me If you want to learn how to code in pine script join my Youtube channel: www.youtube.com And remember: Past performance does not guarantee future results.
NASDAQ:AAPLLong
by QuantNomad
1
BTCUSD H1 chart (8/23/2019)Good morning, traders. Price hit our target from yesterday. The H1 chart is what I posted to our premium Discord community prior to price popping up this morning. At this time, the H1 RSI and Stoch RSI still have room to continue higher. If price closes above the ascending channel resistance in the next two hours, then we should be looking for it to target the ~$10800 level which is at the EQ of the H4 supply. That will then take price above the descending channel/broadening wedge resistance which should indicate a target of the R2 pivot at $12500. Obviously price won't spike up to that point, so traders should expect pullbacks along the way. Zooming out to the D1 chart, traders will notice the large ascending channel whose EQ price just popped through. Price is now on the topside of that channel once again, which is bullish. Today's large green candle, if it closes as such, should confirm yesterday's possible reversal doji. The H4 is starting to look more bullish with this recent move up. We can see expanding volume and candle spread from the August 21st swing low. A close above the pivot would be considered bullish. H4 RSI is nearing its descending resistance with a close above it likely signalling the larger move up. Stoch RSI is overbought but has room to continue moving up for now. _____________________________________________________________ Be sure to hit the "thumbs up!" Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. You can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own. When you do, be sure to explore the other TFs to see what I'm watching on those TFs.
COINBASE:BTCUSDLong
by Chris_Inks
5
Bitcoin pivot patternThe pivot lows (blue bulls-eyes) seem to be following a curve that is now trending upward. The pivot highs (green and orange bulls-eyes) on the other hand are oscillating in a zig zag pattern. The lower band of the pivot highs (orange) is starting to follow a curve similar to the pivot lows (blue), while the upper band (green) has been linear in its downtrend so far. I believe the pivot lows (blue) began a trend upwards, then the lower band of pivot highs (orange) followed, and the higher band of pivot highs (green) will start once a new higher band pivot (green) is formed.
COINBASE:BTCUSD
by big_ligands
2
BTCUSD H4 chartGood morning, traders. Since price is not making strong moves up at the moment, I figured we would be best served by taking a simpler look at the H4. The green dashed horizontal line is the monthly open. The yellow zone just above it has been an area of support/resistance throughout this corrective sequence as shown. Price tapped just below that zone's EQ, but we need to see price closing strongly above it to encourage greater upward continuation. H4 Stoch RSI is just now peeking out of oversold and RSI is slightly bearish at 42.5 after having printed a short bullish divergence at the recent swing low. So there is a lot of room for price to continue higher. The large descending broadening wedge continues to interest me. A close above its resistance should have price targeting the R2 pivot. The blue H4 demand below price continues to provide bounce for now. Traders can zoom into the H1 and lower TFs once they make this chart their own via the instructions below. They will be able to see the pitchfork, channel, and possible wedge resistance that I am watching, as well as RSI resistance and noted bullish divergence, etc. Price is above the descending purple channel's resistance, so the target should be $10420, just below the M30 pivot. Zooming out to the D1 and D3 TFs, traders will note the pitchfans. These show the ascending support and resistance levels based on the inputs (the points that they are drawn from). They suggest that a close above the June swing high should have price targeting $30K at least. However, they also suggest that price may challenge the ~$9100 swing low again before heading higher. D3 and D1 RSI are near their descending resistance, so a sudden strong buy could provide the catalyst that sends price following through higher into the beginning of next week. Without it, though, it seems that price may need to dip lower to pick up liquidity to get it going. The weekly TF shows the recent hidden bullish divergences that we have been watching. A higher close this week should confirm the most recent one which would, then, support continued price appreciation through the end of next week. The daily candle is looking good so far and if it closes like this it suggests that price could get a bounce toward the daily pivot at the very least. _____________________________________________________________ Be sure to hit the "thumbs up!" Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. You can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own. When you do, be sure to explore the other TFs to see what I'm watching on those TFs.
COINBASE:BTCUSD
by Chris_Inks
BTCUSD H1 chart (8/16/2019)Good morning, traders. Bitcoin printed a potential reversal with yesterday's daily candle. We now need to see a green daily candle to confirm it, however. Daily Stoch RSI is in oversold but curled up looking for a bullish cross. Yesterday's volume was the strongest seen in just under a month, and it was demand-related. The weekly, as mentioned during yesterday's live stream, is printing a possible hidden bullish divergence again. But if price continues higher through the EoW, then it will likely not close as such. That wouldn't be a huge issue, though, as it just means that we are getting higher lows in price and higher lows in the oscillator so they would be in agreement that demand is in control at that time. I remain cautious at this time. Shorter TF charts are not giving strong signals in either direction. As we can see on this H1 chart, price is at the HVN. A move above suggests continuation higher to the next HVN, while a move below suggests the opposite. The orange zones are area of supply (we can see yesterday's move up was rejected in that zone) and the blue zones are areas of demand. I have also drawn two intersecting pitchforks to give traders an idea of resistance and support as price moves. I have also made the S1-S3 pivots more noticeable in red and slightly thicker. Currently, price remains below the H1 S2 pivot, ascending pitchfork median, and descending pitchfork median. With price at the top of the HVN, it seems more likely that price will head up. If it can close above those three resistances mentioned, then traders should be looking for price to target the green box, and I would be leaning to price topping out around the EQ of that orange zone at $10840. If price heads down from here, through the two blue zones, then as I have continued to mention, the odds increase for a trip toward $8200/$8400. _____________________________________________________________ Be sure to hit the "thumbs up!" Every day, we have a choice to act positively or negatively, so if you get a chance, do something decent for someone today which could be as simple as sharing a nice word with them. You just might change their day, or even their life. You can always click on the "share" button in the lower right hand of the screen, under the chart, and then click on "Make it mine" from the popup menu in order to get a live version of the chart that you can explore on your own. When you do, be sure to explore the other TFs to see what I'm watching on those TFs.
COINBASE:BTCUSD
by Chris_Inks
2
Bullish on BTC on retest of 61.8% level: LongerTermTarget@16800.Started buying in a little earlier at ca. 9888 after the breakout from the upper trend line from my previous analysis and subsequent finding support at the 50 sma. Will buy in more after successful bullish retest again at ca. 61.8% level of the specific fib. level drawn (see previous chart above for more details on this). Might start feeling more neutral again if it falls below the 50 sma, and bearish again (with ca. 8400 USD target) if it pierces back below the fluoropink trendline (with considerations to volume and RSI as well + looking at the DIFFERENTIAL-FUSIONGAPS oscillator for an update on the price-momentum development, and the DOUBLE-DIFFERENTIAL FUSIONGAPS oscillator on the price acceleration detail). My much earlier analysis seems to indicate that BTC might drop to as low as 8400USD, however, everyone is expecting that. So given that the FUSIONGAPS oscillator confirms that this is currently a bullmarket Plotted with log(y) axis. Note that for the latest updated version of my FUSIONGAPS oscillator series, the positive/negative axis have since been flipped. i.e. + the fact that everyone else seems to have derived similar price targets and is waiting for that to happen, I believe it is more likely to front run than overshoot -- to deny most people a chance to successfully buy in at the the expected retracement level before the price continues its "overall" macro upward trend. :)
BITMEX:XBTLong
by cybernetwork