Guys pay attention to the pivot points on the above chart. I have derived my calculation from another charting software, an Mt4 to be precise.
Take note of the following:
1. Red line - Weekly Pivot Point ( WPP )
2. Purple line - Weekly Pivot Resistance 1 (WPS1)
3. Black line - Weekly Pivot Support 1 (WPS1)
Please, start to put these levels into use from Monday 20, 2020.
It should be noted that the market usually trades pivot points during the period with a probability of around 70-80%. It means that the probability of touching the weekly pivot point by the market during the week is 70-80%.
So, if the price of BTC stands above its Weekly Pivot Point by the time market opens on Monday do not rush to open position. Allow the price to tend toward the Pivot Point, you will probably get a much better entry point, around this price level.
The long entry opened at WPP, will target WPR1 at 7343.6.
Thanks for reading, and my the pips be with you all.
Take note of the following:
1. Red line - Weekly Pivot Point ( WPP )
2. Purple line - Weekly Pivot Resistance 1 (WPS1)
3. Black line - Weekly Pivot Support 1 (WPS1)
Please, start to put these levels into use from Monday 20, 2020.
It should be noted that the market usually trades pivot points during the period with a probability of around 70-80%. It means that the probability of touching the weekly pivot point by the market during the week is 70-80%.
So, if the price of BTC stands above its Weekly Pivot Point by the time market opens on Monday do not rush to open position. Allow the price to tend toward the Pivot Point, you will probably get a much better entry point, around this price level.
The long entry opened at WPP, will target WPR1 at 7343.6.
Thanks for reading, and my the pips be with you all.
註釋
If you trade over the weekend, do not expect volume to increase. In fact, as at the time of this update 
BTC has already printed the high for today. BTC should slightly trade lower to its DPP into the end of the today's trading session.I don't open new during the weekend, but my long entries since on Monday are still running till the end of this bullish move.
Trade safe guys.
註釋
Buyers are able to push BTC price upward to test its daily pivot at 7173.6 on a weekend! This speaks volume about the determination of buyers to keep the price of BTC higher.交易進行
I wish to state that if you're planning to trade this idea, you can set a buy order at or below the WPP. Personally, I usually set my buy order 40 pips below the entry price level.註釋
BTC on its way to WPP, watch out guys!註釋
BTC has tested its WPP, a second test is possible. So, if your buy order has not filled don't worry, will mostly filled at second testing!交易進行
And BTC finally did that retesting! All my orders below MPP got filled. Let's see how price action react from this level, BTC should resume its uptrend from here though.交易進行
Buy Bitcoin guys, you may not get it this cheap anymore!交易進行
I'm still holding on to my buy orders. Now that BTC has tested its WPP and if price is able to stabilize above this level, the next direction is the WPR1.
Let's just see how things goes.
交易進行
It seems price has stabilized above WPP, I'm adding to my positions at a retest of this level.交易進行
BTC gradually approaching its WPR1, buckle up guys for BTC harvest!交易結束：目標達成
Amazingly, BTC eventually reach our target(WPR1). Some positions closed, while some are left running. Who knows, this bullish trend might continue. Don't forget BTC MPR1 is at 9075, let see if we can achieve that level before the end of the month.So, congratulations if you patiently followed this idea of mine.
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。