Pivot Prophecy. S3/ 801.98 S/2 834.71 S1/ 864.55 Pivot 897.28 R/1 927.12 R/2 959.85 R/3 989.69. This post is more to evaluate how price is responding, and we are already seeing $3.00 thresholds all the way down to one cent. So, with enough markings on the chart we will come closer to a style/strategy on how to play the Pivot Prophecy in the correct way with all the crypt-currency products. Thank you, Sincerely, Beauty
Comments
BitcoinMedusa
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See circled area for a threshold for the pivot 897.28, as well as the tag of the 41EMA (an important element of Ruby). We will watch this area closely as price progresses. Thank you, Sincerely, Beauty
ChrisMoody
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BeautyBubble...I've traded using pivots for a LONG time and actually went several years just using pivot levels with one confirming indicator. Talked to Tech Support regarding their Pivots and those guys are great and they are going to making some big changes. Ability to uncheck S5-S4 etc so you can pick the pivots you want...eventually give us the ability to pick sessions they will be calculated on. And give us the ability to change the plot style and colors for the different pivots...I've found it very useful to plot monthly pivots, weekly, and daily...you'll typically get great bounce points when the pivots overlap or what I call form a Confluence area. Uptrend markets create great swing trade setups if price falls to Monthly S1 especially if that coincides with Weekly S2 and vice versa....Daily setups are powerful in direction of trend when price retraces to a daily pivot level that is near or at a Weekly level...Currencies in general trade well off the Weekly pivots....If you would....I'n not familiar with Bitcoin....will you give me 3 popular symbols so I can take a look and run a few tests?
BitcoinMedusa
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Dear Chris, What a pleasure to hear from you. I will be breaking down your comment and any time you are interested in voicing your ideas and lessons let me know. Okay, onto the three (3) popular symbols, well, well. You probably know that FB is always somehow in the flow, as for the coin, you must have BTCUSD:MTGOX, yet, we are seeing moves toward BTCUSD:BITSTAMP for various reasons, then, we have suspects in the stream XAUUSD for one, yet, my guys are focusing on some of the oil & gas exploration names. So, if I was choosing, it would be FB (for volatility), BTC (for popularity) and RDC (for sector focus). Hope you will keep me in the loop as to the progress of same. Sincerely, Beauty
BitcoinMedusa
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Dear Chris, And now in re-reading, I see that you are looking for BTCUSD:MTGOX / BTCUSD:BITSTAMP / LTCUSD:BTCE - you can see my chart adds for reference. This should be more specific to the answer you were looking for. Sincerely, Beauty
ChrisMoody
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XAUUSD
Works well with Weekly Pivots and then you’ll notice when you overlay Monthly Pivots it’s almost to the tick when it takes out a Weekly Pivot the Monthly pivots create a reversal.
I’ll see if I can program my confirmation Indicator….I prefer it be a paint bar study but until we have that capability I’ll try and make it a lower study
Monthly Pivots
ChrisMoody
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Weekly Pivots
Monthly Weekly Pivots
ChrisMoody
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Monthly Pivots
ChrisMoody
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How do you embed a chart?
BitcoinMedusa
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Dear Chris, I have played around with the embed feature a couple of ways. One is through and with the sites widget, the other is a generic chart using the URL for same. As for the "share" embed codes, I have not attempted those yet to my site, but with your proding may just do so now. Sincerely, Beauty
BitcoinMedusa
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Dear Chris, I have successfully embedded this chart, as an example, into my site with all default setting used. See this page, it is my embed TESTING page ONLY - while I am looking for live streaming capabilities, and stability. Do not take the URL's used as an endorsement of any kind (if you know what I mean). Sincerely, Beauty