BTC Pivot Points for Next Week

2020年4月11日

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)

If price continued its slide downward, WPS1 would provide a strong support and should stop price from falling further. On the other hand, should this support line is broken; which is very unlikely, then we can say that trend bias has changed in the $BTC.

Long entries can be opened at WSP1 and target WPP first, and then WPR1 as the final target.

Another angle to opening buy order(s) is to look for an exhaustive candle, since stochastic is already in the oversold area just in case price fails to reach WPS1.

Thanks for reading, and my the pips be with you all.

2020年4月12日

交易進行

Buy limit can be placed at the WPP, it's mostly that price will test this level before heading to WPR1.

2020年4月13日

註釋

BTC broke its WPP and headed downward to test its WPS1. This is an opportunity to long BTC, from here.

2020年4月14日

交易進行

I don't know how many people that followed this trade idea, but notice how WPS1 has held price from falling further.

First target remains at the WPP and the second target at the WPR1.

2020年4月15日

交易進行

This trade idea is still very much relevant and First target remains at the WPP and the second target at the WPR1.

It's most likely that price will not test the WPS1 again this week.

2020年4月15日

註釋

You will notice that I have not posted any idea on Daily Pivot Points, since on Tuesday. This is because, the Weekly Pivot Points analysis is still playing out.

BTC will test its WPP before the week runs out.

2020年4月16日

交易進行

Can you see how fast BTC price is moving upward? BTC approaching its WPP now. Let's go guys.

2020年4月16日

交易進行

First target reach (WPP) at 7023.8, next target is WPR1 at 7327.4. A close above WPR1 will take us to MPR1 at 9075.5.

2020年4月16日

交易進行

Quick Update: Daily Pivots for Friday.

DPP - 6901.4
DPR1 - 7311.4
DPS1 - 6645.8

If you're thinking of re-entering long trade or joining the current up trend, you can set a buy limit at or below the DPP. On the other hand, you should watch out for an exhausted candle like doji to place a buy order; just in case price decides to continue its upward movement without testing the DPP price level.

In conclusion, you can target DPR1 or WPR1 since both of them fall into same price area.

2020年4月17日

交易進行

The above pivot point levels for this week are no more relevant, check my profile for the updated data for next week.