Here is basic way to find a pivot point in a trend.
Just been looking at cable and there is a potential for a short idea. I'm going to be waiting for more confirmation before i take this in my live account. Just thinking ahead with this one.
BTC to USD is rather simple to understand. There are simply no buyers and why would there be in this market? There is no reason to buy BTC other than to invest into other coins. But that simple isn't enough buying power to outway the sellers. For me i want to see BTC to do one of two things before i start buying back into BTC and starting to trade other coins....
We're at a key level for the DXY. If we see a break of this level on the weekly chart we could see a drop to below the 80 handle.
In the chart the middle line is the 2016 high and we are currently fighting around that area. Wait for a brake to confim a trade direction
We see a small uptrend be very carefull doing a day long on here as the climb is most likely to be taken out by a single candle drop live shows in the start of the chat.
We've seemed to of come across a zone area. I'd recommend that buying or selling in this area and waiting for it to give a good indecation of it wanting to brake either line.
As we see a clean downcline but also a shap upcline. Where the X is marks a bull start?
We see a long down fall but we also see a big spike up. Where X is via the lines it could become a bull area.