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Pivot

BTC prediction As you can see, BTC has just finished a classic ABC correction move following a much larger 12345 Elliot impulse down in a bear trend. I expect some sideways consolidation and a nice battle between bulls and bears. It's hard to make a solid prediction up versus down at this time, but what is likely is whichever bias is chosen it's really going to take off quickly. If BTC moves up, it will reach another critical decision around the 9.5-9.6 k range. Bulish movement up beyond here would tend to confirm an official reversal. It could also be rejected from this level back to its dynamic sloping support. If BTC moves down, it could restart a new bearish impulse supercycle downward, testing the bottom to form U-shaped double-bottom or perhaps a more violent lower-low with a V-shape. Time will tell! Either way, should be fun to watch the King as usual :) This is for education and speculative purposes only and is not meant to serve in any way as investment or trading advice for any financial means.
BITMEX:BTCUSD.P
by WarDaddy
Bitcoin BTC Fibronacci Technical AnalysisThis analysis is a "Fib.-trifecta" combining a retracement, fan and spirals. I actually had to calculate the next Fib. level by hand. I don't think trading is usually this extreme, but hey, this is crypto! If we break current support, the next support level should be aound 7,200 with a likely range of 6850 - 7,540 per the Bitfinex pricing. If this happens, I think this will be the end of this very strong correction and we should get a major bounce up and out of this falling wedge. Let's see what the King has in store for us this weekend.
BITFINEX:BTCUSDLong
by WarDaddy
2
BTC Correction Reversal Point at $8,500You can see the convergence of horizontal support, dynamic sloping support, downtrend channel support and Fibonacci support. All converge at a time of a grossly oversold market with relative strength index bullish momentum divergence which is future confirmed with market structure. Regardless of whether this is the "final bottom", this is a strong buy opportunity and we will start an uptrend as "bottom shorters" find themselves underwater in their positions. This is fun!
BITMEX:BTCUSD.P
by WarDaddy
A deeper look at the EURUSD. Even though the us dollar is experiencing weakness, There is resistance to be found and pivot points still to be driven to the ground. The horizontal lines display continuation and reversal points pertaining to Fibonacci re-trace-mint on prior overall greater trends. There are 3 scenarios. -Consolidation around these pivot points, Breaking and returning until a direction is decided. -A bounce off then and continuation into down trend.At which point we could reapply the Fibonacci for the according downward trend, To identify continuation extents. -The final scenario, is the pivot points are broken at which point we would apply the correct Fibonacci re-trace-mint, to see possible location of it reversal extent.
by ryanfarva
Please help!-If this is in the wrong section I apologize! I am a new trader and I am trying to buy and sell small amounts in short amounts of time..I am trying to configure my chart with the pivot reversal strategy and the SMI oscillator. It seems like the default values (especially for the PRS) do not give good indication of when to buy and when to sell. The red indicating to sell are usually lower than the blue arrows indicating when to buy. Also the little ticker at the top always shows the sell price being lower than the buy price...so I am trying to figure out what input values I can put in so that I can sell high and buy low...thank you all so much!
BITSTAMP:BTCUSD
by cryptobing01
8
Supports for SiaEven though riding the BTC waves, SIA respecting lines nicely like the top reversal perfect with resistance trend formed by previous two tops, making the supports formed more reliable, even in the face of BTC movements. Expect support at first purple and first red horizontal, next tried and tested supports would be the lower purple. Even if BTC drops to its 9-10k supports I doubt that SIA will test lower red. Green is a prediction - If SIA breaks purple, then visually, at this rate, green would form nice support to bounce from, from by the two previous intermediate lows. MA's and other indicators removed for clarity of LINES ONLY. Please leave a like, thought's and comments on how to improve analysis appreciated.
BITTREX:SCUSDShort
by FOREVERTRIP
Top Events & Setups To Trade Today - EUR/USD & GBP/USD in Focus!Good Morning, traders. It's such a phenomenal beginning of the week. Our forex trading signals closed more than 100 pips. The long-term position in Gold is doing great, and the short-term position helped to pocket nearly 55 pips. Likewise, another signal shared in A Quick Trade Setup on EURJPY closed 60 pips. Now I'm serving up EUR/USD and GBP/USD to secure high probability trades. Read More for Trade Ideas: www.fxleaders.com
Long
by Arslan_AliButt