Copyright 2021 John R. Taylor, Altcoingazette©

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The
 Altcoingazette.com (ACG) maintains a (Newsworthy), AI (Artificial Intelligence), Upside Breakout Alert System (UBAS) for it's respective readership. When a cryptocurrency (that is Newsworthy), achieves a significant Upside Breakout (Larger capitalization and on heavy volume.), the ACG covers and publishes such news data. (We also news cover Downside Breakouts). 

The Breakout Trade and the 50% Price Pullback Trade is a great way to showcase cryptocurrency respective Technical Analysis (TA) price action. Some would describe the Upside Breakout Trade as the Classic "Ye Old Pump and Dump"? If you miss the original pump...just wait for the 50% pull back dump, after the original pump and then give it another pump!

P.S.
All tradable and non-tradable asset classes pull the classic pump and dump, remember internet stocks in the mid to late 1990's? Forex, bonds, precious metals, real estate and fine art all have the tulip mania pump and dump crowd psychology group think behavioral finance price-action. Because Cryptos are "behaving" just like "every other asset class", validates that cryptos are "Just another asset class". Trade and speculate at will, just don't be "That Guy" (Non Gender Specific) that purchases the highest priced tulip bulb\s? 

The classic Upside Breakout Trade is inspired by the famous and most successful market speculator\investor : Jessie Lauriston Livermore, Have quoted: "A Market is Never High to Buy and Never to Low to Sell".

The 50% Price Pullback trade is inspired by W.D. Gann, also known as one of history's most successful market speculators. The 50% Price Pullback trade was W.D. Gann's favorite trade "Entry" point. After the "Livermore" Breakout Trade, watch for the 50% W.D. Gann Retracement Trade for reentry? Some, over the years, have criticized both Livermore and Gann as being capital market charlatans.

Another way to think about #Upside #Breakouts, is in terms of computer language. Remember the Basic Language code "If Then"? "If" a mentioned Cryptocurrency trades "Greater Than" Resistance, "Then" = #Breakout, and "if" #Breakout > Greater Than +10% Up and on Large Volume increase, then to De Moon! 

P.S. Same formula \ Algo works the Downside #Breakout.  

This webpage works to showcase both Livermore and Gann's market theories and to see if they have any investing, speculation and or trading merit.  Jesse Livermore's favorite trade was to go Long or Short a market at the "Pivot Point". Livermore didn't look at charts...he looked at the "Price". We will focus on the 50% Price retracement and "Price" and "Pivot Points" on this webpage.

Question: "What happens after these speculation "Time Cycles" complete. Answer: "They reset and the speculation cycle starts all over again".

The #Altcoingazette publishes long term Support and Resistance levels for many of the larger "newsworthy" Capitalization and more active Cryptocurrencies. If and when a #Crypto has a retest of Long term support levels, breakout below Long term support or a Breakout above long term resistance the #Altcoingazette's #UBAS system gives an alert to it's readership! We will work to make updates to this webpage every Friday evening, right after the world's stock markets close. The weekends tend to be rather price action sensitive for crypto during the weekends. In the future our readers will receive #UBAS alerts via email or text etc.

The writer of this blog, has a trading, investing and speculating history that goes back to 1987, when he started his career as an intern at Paine Webber, while at University, right after the 1987 stock market crash. Speculated through the .com age using Support, Resistance, Pivot Points and Breakouts. Lots of Old School ex·pe·ri·ence is now being applied to the Crypto space. Nice to meet you readers! Enjoy! Heck, you may be able to do some Whale watching if you follow this webpage!



Larger Capitalization Cryptocurrency Breakouts!:
 



#LINK Long term support levels: $9.79, $10.14, $11.77,$35.00.
Long term resistance levels: $19.36 , $44.00, $50.00.

BREAKOUT ALERT:
on #Chainlink #Link #LINKUSD on
8/12/2020 at 
$14.50, Link wants $30.00 LINKUSD? Best
case senario is that LINKUSD trades to $30.00ish on the Breakout trade,
then has a 50% price pullback to $14.75ish, then trades
back to $30.00ish and then another Breakout trade above
$30.00ish to $60.00ish, the 10X to $300-$600ish? Anything 
is possible on a Breakout trade? 

8/26/2020 BREAKOUT ALERT update:  #Chainlink #LINK keeps
pulling back to support and then wants to go higher? #LINK
appears to be a crypto to watch on the short term and 
long term upside breakouts? Lots of upside breakout
liquidity \ volume. Lets see if #LINK retests $20.00 #LINKUSD?

8/29/2020 BREAKOUT ALERT UPDATE: #Chainlink #LINK
pulls another upside 
breakout after $15.00 "Higher" support level!
= Positive Divergence. Watch #LINK for additional "UBAS" alerts folks!
Heavy Volume on new breakout!

BREAKOUT ALERT UPDATE: 9/3/2020 #Chainlink #LINK in a fast market...
#LINK big price retrace...#LINK has support @ $9 - $10 #LINKUSD...
Watch #LINKUSD for power pivot back up from long term support...#LINK =
catch the falling knife trade in progress!

BREAKOUT ALERT UPDATE: 9/5/2020 #Chainlink #LINK has many support levels going back to $1.50, $1.75 and $10. Lets see if #LINK pulls back
to long term support $10.00ish and then power pivot back up above resistance
above $20.00? #FAANG stock bubble bursts? Time will tell.

BREAKOUT ALERT UPDATE: 9/6/2020 #Stinkylink: #LINK very nice power pivot on #LINK up from $9.00ish to $12.40!, as suggested above! The W.D. Gann power pivot, with the 50% - 60% price pullback from $20.00 to $9.20 = Nice. I know that my math and spelling isn't perfect, however you got to love the W.D. Gann  50% - 60% price pullback trade!

BREAKOUT ALERT UPDATE: 9/9/2020 #Stinkylink: #LINK very nice power pivot on #LINK up from $9.20 to $12 - $13ish... #LINK wants to be
bought after the price pull back. 

BREAKOUT ALERT UPDATE: 9/15/2020 #Stinkylink: #LINK nice price pullback
to support, down from $13.25 to 10.92389 USD...time to buy the #LINK dip?

BREAKOUT ALERT UPDATE: 9/18/2020 #Stinkylink: #LINK tanking back to long term support...probing support? #StinkyLink does have long term support 
going back to $5.00...whew! #LINK pulls the 50% price retracement down 
from the $20.00 pump price achieved on 8/15/2020. I guess first the Pump
up to $20.00, now the dump. Lets see if the W.D. Gann 50% trade theory 
holds true with #Stinkylink at $10.00. Time will tell. Looks like a classic 
pump and dump?

BREAKOUT ALERT UPDATE: 9/24/2020 #Stinkylink: #LINK pulls back and 
finds long term support at $7.50ish...#LINK to rally back 50% to $13.75ish? Eventually the "Catch the Falling Knife trade" works...lets see if this #LINK power pivot has good to great follow through...time will tell. 

BREAKOUT ALERT UPDATE: 9/27/2020 #Stinkylink: #LINK #Chainlink nice upside power pivot up from last post from new support of $7.50ish, to just over $11.00ish, best guess is that #LINK to back up to $13.75ish...that is a nice rally up from the big pullback from $20.00ish to $7.50ish. "Not Investment Advise". #LINK great trading range. 

BREAKOUT ALERT UPDATE: 10/8/2020 #Stinkylink: #LINK #Chainlink pulls back to $7.50ish support and then to $8.50ish support. Higher support price equals positive divergence? I bet #stinkylink has a nice power pivot back up to $10.00ish?  

BREAKOUT ALERT UPDATE: 10/18/2020 #Stinkylink: #LINK #Chainlink nice bid up from $7.60...looks like it has further to go! Stay tuned for #LINK news updates!

BREAKOUT ALERT UPDATE: 10/22/2020 #Stinkylink: #LINK #Chainlink Nice trade >greater than $12.00ish #LINK very nice bullish price action up from $7.60ish...#LINK higher and higher support levels combined with positive divergence! $12.91 =next resistance for #Stinkylink!

BREAKOUT ALERT UPDATE: 10/24/2020 #Stinkylink: #LINK #Chainlink looking very strong these days! #LINK up from $7.50ish to $13.00ish #LINKUSD. The ACG UBAS system has worked well with #LINK...congrats' to the readers that got some #LINK up from support!

BREAKOUT ALERT UPDATE: 11/6/2020 #Stinkylink: #LINK #Chainlink, nice rally up from $9.86, #LINK pulls back to support, then the power pivot, very good price action with #LINK! 

BREAKOUT ALERT UPDATE: 11/8/2020 #Stinkylink: #LINK #Chainlink, $11.77 pull back to support, then rally up nice to $13.00ish.

BREAKOUT ALERT UPDATE: 11/17/2020 #Stinkylink: #LINK #Chainlink nice pump up from $11.77 to $14.00ish...Nice one!

BREAKOUT ALERT UPDATE: 11/28/2020 #Stinkylink: #LINK #Chainlink Nice power pivot up from $12.00ish! 

BREAKOUT ALERT UPDATE: 11/28/2020 #Stinkylink: #LINK #Chainlink Nice go to $14.00..congrats to the readers in #LINK! 

BREAKOUT ALERT UPDATE: 12/2/2020 #Stinkylink: #LINK #Chainlink price pullback to $13.00ish then the power pivot back up to $14.00ish. #LINK likes to be purchased on the pullbacks.

BREAKOUT ALERT UPDATE: 12/11/2020 #Stinkylink: #LINK #Chainlink wants to retest and then pivot of of $10.00ish, nice price retracement...wants to probe support @10.00? 

BREAKOUT ALERT UPDATE: 12/15/2020 #Stinkylink: #LINK #Chainlink Higher High support level of $12.50ish...wants higher, Resistance of $19.40ish. 

BREAKOUT ALERT UPDATE: 12/18/2020 #Stinkylink: #LINK #Chainlink new Higher High support at $13.35...new resistance at $14.33 = Tighter and Higher trading range.  

BREAKOUT ALERT UPDATE: 12/24/2020 #Stinkylink: #LINK #Chainlink finds supports at $9.94, resistance at $11.47ish.

BREAKOUT ALERT UPDATE: 1/1/2021 #Stinkylink: #LINK #Chainlink Nice Pivot Point up from $9.94, Higher High Support levels at $11.00ish and $11.30ish. looks good!

BREAKOUT ALERT UPDATE: 1/4/2021 #Stinkylink: #LINK #Chainlink Nice Pivot point rally up from $9.94 to $15.50ish! $12.60 = Higher High support level pivot point, with $15.50ish = New Resistance.

BREAKOUT ALERT UPDATE: 1/8/2021 #Stinkylink: #LINK #Chainlink Higher High Support level of $14.64 and Higher Resistance of $17.34! Nice upside breakout from $9.94!

BREAKOUT ALERT UPDATE: 1/15/2021 #Stinkylink: #LINK #Chainlink Higher High Support level $18.00ish and Resistance at $20.50ish. Nice uptrend from $15.50 pivot point!

BREAKOUT ALERT UPDATE: 1/22/2021 #Stinkylink: #LINK #Chainlink Nice Pivot Point off of $17.88, Nice pullback from new all time high (Resistance) of $23.80, looks good with nice trading range.

BREAKOUT ALERT UPDATE: 1/29/2021 #Stinkylink: #LINK #Chainlink Down nice from $25.42 (Resistance, Finds support at $20.57ish. $22.51 Higher Support and $24.38 near term Resistance, certainly wants to be purchased >Greater than $24.38 and $25.43ish. 

BREAKOUT ALERT UPDATE: 2/5/2021 #Stinkylink: #LINK #Chainlink Nice rally up from $24.38 and $25.43ish to $26.87ish (Resistance) Pulls back to $23.50ish (Pivot Point). Higher High of everything, thus Trend is up and wants to be purchased, certainly > Greater than $26.87ish (Resistance) for the continuation of Up Trend #Breakout!

BREAKOUT ALERT UPDATE: 2/12/2021 #Stinkylink: #LINK #Chainlink Higher High of everything, thus Trend is up and wants to be purchased on the pullback. $27.00ish Higher Support and Resistance at $?...Never to High to Buy on the #Breakout folks...pulling the energizer bunny Up Trend!. Certainly wants to be purchased as #Link is currently in #Breakout mode!

BREAKOUT ALERT UPDATE: 2/19/2021 #Stinkylink: #LINK #Chainlink Nice price retracement to $27.50 (Support) and then the rally #Breakout >Greater than $35.00ish. Higher High of everything, thus Trend is up and wants to be purchased on dips! $31.73ish = Pivot Point. Nice one readers!

BREAKOUT ALERT UPDATE: 2/26/2021 #Stinkylink: #LINK #Chainlink Nice price retracement to $22.31 (Support) with Resistance at $29.30. Great trader during Altseason, many of the #Cryptos have pulled back to Support levels.

BREAKOUT ALERT UPDATE: 3/5/2021 #Stinkylink: #LINK #Chainlink Nice price retracement to $25.93ish (Support) with Resistance at $31.25. Nice trading range, with Higher High Support levels, up from $23.12ish (Old Pivot Point).

BREAKOUT ALERT UPDATE: 3/12/2021 #Stinkylink: #LINK #Chainlink Nice rally up from $25.93 mentioned above, to $31.80 (Resistance). Lets see if it wants to retest Long term support level of $25.93 mentioned above, Certainly wants to be purchased >Greater than $31.81ish!

BREAKOUT ALERT UPDATE: 
3/19/2021 #Stinkylink: #LINK #LINKUSD #Chainlink Higher High (Support) level of $26.78, thus Higher of everything, Support held. Nice rally up off of Support level $26.78 to Resistance of $31.00ish, thus Higher Resistance level = Good price action, Certainly wants to be purchased >Greater than 31.01ish for the continuation of Uptrend and further #Breakout Readers!

BREAKOUT ALERT UPDATE: 
3/26/2021 #Stinkylink: #LINK #LINKUSD #Chainlink Lower Support <$26.78, Nice price retracement to $24.70ish. $26.51ish = Resistance. Certainly wants to be purchased >Greater than $27.90ish for the #Breakout.

BREAKOUT ALERT UPDATE: 
4/2/2021 #Stinkylink: #Chainlink #LINK #LINKUSD Showed us a Nice pivot off of $27.70 (Support) mentioned in previous post Readers!. $27.90 #Breakout worked great and is still playing out! Higher High Support level of $29.60ish. $Certainly wants purchased >Greater than $31.92 for the continuation of #UpTrend! >$35.00ish = Super #Breakout?

BREAKOUT ALERT UPDATE: 4/9/2021 #Stinkylink: #Chainlink #LINK #LINKUSD $31.92 #Breakout worked well to $35.00ish (Resistance). $30.63 = Higher High Support level up from $29.60 Support level. Certainly wants purchased <$32.63 and $33.08ish for the #Breakout!

BREAKOUT ALERT UPDATE: 4/16/2021 #Stinkylink: #Chainlink #LINK #LINKUSD $33.08ish for the #Breakout mentioned in previous = Great, Up to $44.00ish (Resistance). Now the price retracement to $40.00ish. Great MoMo trader Readers, Certainly wants purchased >$44.00ish for continuation of #Uptrend!

BREAKOUT ALERT UPDATE: 4/23/2021 #Stinkylink: #Chainlink #LINK #LINKUSD Big and Nice #Priceretracement back to $31ish (Support), Nice Momo on the pullback Readers! Certainly wants purchased >Greater than $36.33 and $40.42 (Resistance). for the #Breakout!

BREAKOUT ALERT UPDATE: 4/30/2021 #Stinkylink: #Chainlink #LINK #LINKUSD >Greater than $36.33 mentioned in previous post worked good. Certainly wants purchased >Greater than $38.67 (Resistance) for the continuation of Uptrend! Higher High Support level of $35.00ish up from $31.00ish (Support) = Trend  = UP and wants to be purchased!

BREAKOUT ALERT UPDATE:  5/7/2021 #Stinkylink: #Chainlink #LINK #LINKUSD >Greater than $38.67 (Resistance) for the continuation of Uptrend mentioned in previous post worked Strong for the #Breakout, up to $50.00ish (Resistance). Higher High of Everything, thus Trend is Up...(Support) at $44.00ish, Certainly wants purchased >Greater than $50.00ish and $51.20ish for continuation of UpTrend! 

BREAKOUT ALERT UPDATE:  5/14/2021 #Stinkylink: #Chainlink #LINK #LINKUSD Nice #Priceretracement down from $52.28ish (Resistance) to $40.11ish (Support), Now what? Certainly wants to be purchased >Greater than $46.00ish and $46.55ish for the #Breakout! $40.00 Support held!

BREAKOUT ALERT UPDATE:  5/21/2021 #Stinkylink: #Chainlink #LINK #LINKUSD Wonderful #Priceretracement down from $52.29ish (Resistance) to $25.70ish (Support)! 50% of $52.29ish (Resistance) = $26.145ish, thus #Stinkylink: #Chainlink #LINK #LINKUSD Certainly wants purchased anything less than< $26.145ish for the WD Gann 50% "Buy the Dip" trade! The 50% WD Gann 50% "Buy the Dip" trade almost always works out Great over time in trading assets! Link wants $38.77ish in the Trading Time future? Time will tell.   


BREAKOUT ALERT UPDATE:  
5/28/2021 #Stinkylink: #Chainlink #LINK #LINKUSD The $25.70 (Support) mentioned in the previous post failed, with lower low (Support) set at $16.55ish, then the Pivot Point trade up to $34.80ish...not bad! So now what? We sing the post Altcoin season blues, as the  altcoins retest lower low support levels. It would be reasonable to expect #Stinkylink: #Chainlink #LINK #LINKUSD to retest the $16.55ish (Support) level again. Remember that the "Trend" is always your friend! Certainly wants purchased >Greater than $30.57ish, $32.23ish and $34.80ish for the #Breakout! 

#BearMarkets are just "Inverted" #BullMarkets! 

BREAKOUT ALERT UPDATE:  6/4/2021 #Stinkylink: #Chainlink #LINK #LINKUSD Nice #priceretracement down to $24.21ish (Support), then the Pivot Point trade up to $32.55ish (Resistance)! Higher High Support level of $28.06ish! Wants purchased >Greater than $30.17ish and $32.56ish (Resistance) for the #Breakout trade!

BREAKOUT ALERT UPDATE:  6/112021 #Stinkylink: #Chainlink #LINK #LINKUSD Lower Low (Support) level of $22.31...could be probing Support and coiled for the Upside #Breakout? Currently consolidation in process, Wants purchased >Greater than $25.62ish for the #Breakout! Altcoin season was Great while it lasted...we just sit tight and wait for the high volume #Breakout.

                 
                   
                 
                   



Long term resistance levels: $The Moon $1,148ish, $2,000ish and now $3,000, $4,000?
Long term support levels: $320, $421, $578, $677 and $961, $1,800, $1,950, $3,398 #ETHUSD  

BREAKOUT ALERT:
 on #Ethereum #ETH on 8/13/2020 at
$403 ETHUSD, #ETH wants $699 #ETHUSD, thus representing
a 50% rally back? $85 crash price down from $1,432.88. 
#ETH wants $758ish? Breakouts tend to double in price?
$403 X 2 = $806 #ETHUSD? Time will tell. #ETH is
never to high to buy. What happens if #ETH trades above
$1,432.88, the #ETH wants $2,976?

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 8/30/2020
shows additional upside breakout above $403. ACG's AI with 
W.D. Gann's square of nine projection suggests #ETH to
$806 #ETHUSD on future price action. #ETH shows nice 
power pivot up from $376 #ETHUSD!  

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 9/5/2020.
#ETH trades below long term support of $376. New #ETH support
at $250? #ETH has much longer support going back to $100. What 
happens if #ETH pulls back 50% to $244, down from $488 after 
recent pump. Big trading ranges on the larger cap cryptos folks...
developing story...

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 9/9/2020
#ETH pulls back to $310 then rally to $360...#ETH wants to be
purchased on pull backs, nice $50.00 trading range.

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 9/19/2020
#ETH nice power pivot up from $355 #ETHUSD, nice cross pair
trading battle going on between #ETH vs. #BTC...DeFi Apps on #ETH
look great...#ETH has resistance @ $378ish and long term 
support @ $250ish = Nice trading range and great speculation.

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 10/8/2020
#ETH nice price retracement to $335 on DeFi fallout. Best guess is that 
#ETH should have a nice run up with the upward move in #BTC to $25,000.

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 10/18/2020
#ETH up nice from $335 from last post on 10/8/2020, #ETH still wants $699ish?

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 10/21/2020: #ETH upside Breakout to $400ish, clears $390 old resistance...higher support highs! #ETH playing catch up with #BTC = Great cross pair with #BTC vs. #ETH!...still wants $699ish! 

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 10/26/2020: #ETH has resistance at $421 #ETHUSD, we believe that #ETH is going to $1,800 to $1,900ish, we want to wait to purchase #ETH when #ETH trades > Greater than $421ish on the Breakout...#ETH additional resistance at $478ish...for the next Breakout resistance level.

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 11/5/2020: #ETH has a nice break out trade > Greater than $421 as predicted...next level of resistance in #ETH is $478...So $421 to $478 = nice trading range!

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 11/19/2020: #ETH, nice rally up from $315 support level up to resistance of $494...= Nice up trend!

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 11/28/2020: #ETH Nice pullback to $493 and now the Pivot back up...Resistance at $622ish!

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 11/30/2020: #ETH Nice rally vs. #BTC, with higher support levels up from $573ish!

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 12/2/2020: #ETH Nice pullback from $635ish selloff to new support level of $563, now the power pivot back up > greater than $600.

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 12/9/2020: #ETH price retrace to new support level $539, now the pump to $575+!

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 12/11/2020: #ETH rolling over with #BTC rollover...wants to retest $495ish, then power pivot back up with #BTC resumption of upward trend?

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 12/15/2020: #ETH Higher High support level of $543ish, wants Higher, nice upward trend, resistance at $620ish for the big #Breakout upward?

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 12/18/2020: #ETH Big pump to $677 = new resistance, with Higher High support at $636...aint no #BTC, but has done well up from $80.00 to $636.   

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 12/24/2020: #ETH finds supports at $568, resistance at $612ish.

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 12/27/2020: #ETH $662 #Breakout...trying to compete with #Bitcoin, nice volume on the #Breakout!

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 1/1/2021: #ETH Higher High Support levels, trying to keep up with #Bitcoin, Support at $712ish, sideways consolidation. Resistance at $754ish. #ETH is a nothing burger as compared to #BTC.

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 1/4/2021: #ETH Blows past $754 resistance and goes parabolic to $1,167ish. New Higher High support = $910ish, new resistance = $1,145ish. Nothing burger has some nice momo!

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 1/8/2021: #ETH Support Level: $1,177 and Resistance = $1,309ish. Trying to catch up to #BTC. Big uptrend!

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 1/14/2021: #ETH Support $1,093 support and Resistance at $1,279. Nice Pivot Point up from $961. 

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 1/15/2021: #ETH Support $1,100 support and Resistance at $1,279. Nice Pivot Point up from $961. Chasing #BTC up, waiting for all time high #breakout for reentry, if ever?

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 1/22/2021: #ETH Support $1,107 support and Resistance at $1,432. Higher High of everything! Would certainly buy > Greater than $1,433 at All time new High Price...Never to High to Buy!

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 1/22/2021: #ETH Down nice from $1,459 (Resistance) Find Support at $1,223ish. Higher High Support level at $1,302ish. Certainly wants to be purchased >Greater than $1,460ish. Nice #ETHBTC ratio. Never to High to Buy!

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 2/5/2021: #ETH Nice #Breakout > Greater than $1,460ish mentioned in previous post on 1/22/2021. Higher High of everything, thus trend is up for #ETH, wants to be purchased...Never to High to Buy #ETH, certainly at all time high price for the #Breakout. $1,598 (Support) and $1,697 = Resistance. Certainly wants to be purchased > Greater than $1,697 for the continuation of Up Trend Trade #ETHBTC ratio suggests that #ETH is Never to High to Buy!

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 2/12/2021: #ETH Pulls the continuation of Up Trend >Greater than $1,697 for the upside trend. Higher High of everything, wants to be purchased. $1,606 Higher Support level. Pivot Point is $1,800ish. Strong Uptrend continues. Resistance is difficult to determine. The #ETHBTC ratio suggest #ETH at resistance, not out performing #BTC.

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 2/19/2021: #ETH Pulls the continuation of Up Trend >Greater than $1,900 for the upside trend. Higher High of everything, wants to be purchased. $1,724 Higher Support level. Pivot Point is $1,875ish. Strong Uptrend continues. Resistance is difficult to determine. Moon folks. Trying to chase #BTCETH ratio.

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 2/26/2021: #ETH Looks like a possible double price Support test at $1,444ish, lets see if we have follow through. Resistance at $1,650ish. Had mania pump along with #BTC mania...price retracements to Support is healthy price action in crypto markets.

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 3/5/2021: #ETH Pulls back to retest $1,444ish again. Higher High Support levels, up from $1,318ish. Certainly wants to be purchased >Greater than $1,651ish for continuation of #Uptrend! $1,540 Resistance.

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 3/12/2021: #ETH Nice trade up from $1,473ish (Support), then the rally to $1,872ish (Resistance). Did very well >Greater than $1,651ish (Resistance) mentioned in previous post Readers! Certainly wants to be purchased >Greater than $1,873ish (Resistance). Lighter volume though. Should we expect a retest of $1,318ish in near future becacuse #ETH didn't achieve alltime High >Greater than $2,014?, As #BTC achieved New Alltime High?   

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 3/19/2021: #ETH Nice price retracement down from $1,933 (Resistance) to $1,729ish (Support). $1,821 and $1,841 = Pivot Points? Certainly wants purchased >Greater Than $1,842ish for the #Breakout! 

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 3/26/2021: #ETH Breaks down to $1,552 (Support) Nice price retracement to key Support level. Certainly wants to be purchased >Greater than $1,733 for the #Breakout. Great trading price action in #ETH!   

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 4/2/2021: $1,733 #Breakout mentioned in previous post worked Great Readers!, #ETH All Time High Trade...Jessie would say that #ETH is "Never to High to Buy"! No upside price discovery possible with #ETH with the new All Time High Trade playing out! $1,570 = Higher High Support level!

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 4/9/2021: All Time High price achieved in #ETHUSD, good rally up from $1,733 (Support) to $2,135ish (Resistance). #ETH is "Never to High to Buy"! Certainly wants purchased >$2,136ish for the continuation of #Uptrend!

BREAKOUT ALERT UPDATE: on #Ethereum #ETH on 4/16/2021: New All Time High price achieved in #ETHUSD, good rally up from $2,,136 (Support) to $2,533ish (Resistance). #ETH is "Never to High to Buy"! Certainly wants purchased >$2,534ish for the continuation of #Uptrend!

BREAKOUT ALERT UPDATE: on #Ethereum #ETH #ETHUSD on 4/23/2021: Very Nice price pullback to (Support) $2,134ish in #ETH from New All Time High...wants Higher? Certainly wants purchased >Greater than $2,414ish and $2,619ish (Resistance). Nice Macro MoMo!

BREAKOUT ALERT UPDATE: on #Ethereum #ETH #ETHUSD on 4/30/2021: >Greater than $2,414ish #Breakout mentioned in previous post worked Great for #ETH! Certainly wants purchased >Greater than $2,789ish (Resistance). Higher High Support level of $2,180ish, thus Trend = UP!, and to be purchased on the pullbacks...Jessie would say that "ETH is Never to High to Buy"!

BREAKOUT ALERT UPDATE: on #Ethereum #ETH #ETHUSD on 5/7/2021: >Greater than $2,789ish, mentioned in previous post for the (Resistance) #Breakout worked Strong up to $3,557ish (Resistance)! Higher High of everything, thus Trend is Up and wants to be purchased, Certainly >Greater than $3,558ish for the #Breakout and the continuation of #Uptrend...Never to High to Buy!

BREAKOUT ALERT UPDATE: on 5/14/2021 #Ethereum #ETH #ETHUSD Very nice #Priceretracement down from $4,339ish (Resistance) to $3,581ish (Support), Now what? Wants to rally back 50% of the trading range of the difference between $4,339ish (Resistance) to $3,581ish (Support) = $758 trading points, thus add $758 to $3,581ish (Support) = $3,960, so this has already transpired, so now what? The #Priceretracement back down to $3,581ish (Support)? Or the continuation of #Uptrend? Could go either way? Not much Resistance to $4,238ish?

BREAKOUT ALERT UPDATE: on 5/21/2021 #Ethereum #ETH #ETHUSD Very Large Point #Priceretracement down from $4,362ish (Resistance) to $2,434ish (Support)! Almost a 50% #priceretracement! $2,181ish would be the WD Gann 50% #priceretracement Support level. $1,849ish was the wick trading low on the #Selloff, thus representing >Greater than a 50% #Priceretracement = Very Nice! Certainly wants purchased anything <Less than $2,181ish! The trading zone between $1,849ish and $2,434ish is  the "Buy the Dip" Trade zone for #ETHUSD!   

BREAKOUT ALERT UPDATE: on 5/28/2021 #Ethereum #ETH #ETHUSD $2,434 (Support) level mentioned in previous post failed, with lower low (Support) level of $1,461ish, the Pivot Point #BearMarket rally up to $2,895ish (Resistance), Now what? The #BearMarket rally always look the strongest...only to fade to lower lows and then to retest lower low (Support) levels. #Ethereum #ETH #ETHUSD could retest $1,461 (Support) level? Certainly wants purchased >Greater than $2,621ish and $2,896ish for the #Breakout!, as long as Lower Low Support level holds. Remember that the "Trend" is always your friend! 

#BearMarkets are just "Inverted" #BullMarkets!  

BREAKOUT ALERT UPDATE: on 6/4/2021 #Ethereum #ETH #ETHUSD Very nice #Priceretracement down to $2,224ish (Support), then the Pivot Point trade up to $2,875ish (Resistance). Higher High Support of $2,619ish, Wants purchased >Greater than $2,757ish and $2,876ish for the #Breakout >Greater than (Resistance)! Nice MoMo and Great volume!

BREAKOUT ALERT UPDATE: on 6/11/2021 #Ethereum #ETH #ETHUSD $2,375ish = Higher High Support level...ETH looks coiled? Certainly wants purchased >Greater than $2,612ish for the #Breakout! Sideways consolidation in process. If $2,375ish Support holds, then #ETHUSD could Upside #Breakout really good...we just sit tight and sing the Summer Time Blues..."Sell it in May...and go away"! 


Make sure to read this Great new eBook: 

#ALTCOINGAZETTE.COM’s: THE #BITCOIN #ETHEREUM #CONTINUUM: Dollar Cost Average #BITCOIN Vs. #ETHEREUM Cross Currency Pair Kindle Edition https://www.amazon.com/dp/B093TWYQMQ

                 
                   
                 
                   


BREAKOUT ALERT:
 #Bitcoin #BTC on 8/17/2020 at $12,400ish, 
heavy volume on #Breakout. Breakouts tend to double in price? 
#Bitcoin #BTCUSD next upside price target $16,000ish? Big Boy
Breakout folks. Old resistance is now support, watch for some great
#BTC Breakout price action. 

BREAKOUT ALERT UPDATE: 
#Bitcoin #BTC on 9/6/2020 pulls back
below $10,000 #BTCUSD...the all time high price for #BTCUSD is aprox.
$20,000 back in late 2017 , thus "Buy the Dip" on #BTCUSD anything < $10,000
for a Great Speculation into the future for upside power pivot! 

BREAKOUT ALERT UPDATE: #Bitcoin #BTC on 9/19/2020 #BTC nice good 
volume Breakout above $11,000ish...$11,200 = nice 50% price retracement 
for #BTC, down from $12,355ish. $9,800ish pullback from $12,355ish
then the rally back to $11,200ish = Nice...lets see if #BTC has momo follow through and trades above $12,355ish for a nice momo breakout to the 
upside!

BREAKOUT ALERT UPDATE: #Bitcoin #BTC on 9/24/2020 #BTC, nice power pivot back up to $11,200, up from $9,800 price pullback, then the next price retrace back down to $10,200ish and now the Bear Market rally in #BTC. Nice price action in #BTC!

BREAKOUT ALERT UPDATE: #Bitcoin #BTC on 10/9/2020 #BTC, #BTC finds "Higher Higher" support up from $10,557 on 10/8/2020. The daily chart signal went "Bullish" on 10/8/2020, so where does #BTC go from here? #BTC wants $25,000ish? Readers, don't tell anyone...#BTC could be fixen' to Bust-a-Move!

BREAKOUT ALERT UPDATE: #Bitcoin #BTC on 10/21/2020 #BTC Loooken' GoooD' on D Breakout! #Bitcoin wants $20,000 #BTCUSD folks! #BTC never to High to Buy!

BREAKOUT ALERT UPDATE: #Bitcoin #BTC on 10/22/2020 #BTC shows it's strong nature and pulled the upside breakout >greater than $12,100 #BTCUSD, so where does #BTC go from here? If and or when #BTC has an upside breakout
one tick above it's all time high of $20,000, then #BTC could very easy achieve $40,000 #BTCUSD...Big boy breakout happening folks!

BREAKOUT ALERT UPDATE: #Bitcoin #BTC on 10/26/2020 #BTC >Greater than $13,000 #BTCUSD = :) 

BREAKOUT ALERT UPDATE: #Bitcoin #BTC on 11/5/2020 #BTC...Clears $14,000, mooning wants new all time high > greater than $21,000...then on to $40,000! 

BREAKOUT ALERT UPDATE: #Bitcoin #BTC on 11/11/2020 #BTC looks like it is waking up, up nice since $9,500 to Resistance of $15,874ish...looks like #BTC wants $17,000+.

BREAKOUT ALERT UPDATE: #Bitcoin #BTC on 11/19/2020 #BTC Super rally up from Covid low of $3,800ish back in mid March 2020 to $18,500 = Wow! If we have a high volume upside #BTC breakout above recent $18,500 and an all time new high price in #BTC...could easily double to $40,000+!

BREAKOUT ALERT UPDATE: #Bitcoin #BTC on 11/28/2020 #BTC Big Old Power pivot up from $3,900ish to retest so close to all time high price resistance, sure wants to rally back to > Greater than $11,442+! 

BREAKOUT ALERT UPDATE: #Bitcoin #BTC on 11/30/2020 #BTC Big Old ALL TIME HIGH BREAKOUT TO THE UPSIDE! Don't underestimate the price action in #BTC now that it has the #Breakout > Greater than $19,783 from December 2017. Congrats readers on #BTC! #BTC = "Never to High to Buy"!

BREAKOUT ALERT UPDATE: #Bitcoin #BTC on 12/2/2020 #BTC Nice retrace to $18,203ish, now the consolidation with higher highs...the leader of the pack!

BREAKOUT ALERT UPDATE: #Bitcoin #BTC on 12/9/2020 #BTC price pullback to support of $17,900ish...finding support...real long term support at $16,500, doubt it gets that low.

BREAKOUT ALERT UPDATE: #Bitcoin #BTC on 12/11/2020 #BTC Nice price retracement down from new all time high, upward trend still working, $16,733ish 
is retracement support level for continued uptrend.

BREAKOUT ALERT UPDATE: #Bitcoin #BTC on 12/12/2020 #BTC #BTC trading near all time high price, Higher High support at $18,000ish, with resistance at All time high price, could #breakout at any moment...Long term upward trend still in process.

BREAKOUT ALERT UPDATE: #Bitcoin #BTC on 12/16/2020 #BTC New All Time High Upside #Breakout...$25,000 #BTCUSD next or higher?

BREAKOUT ALERT UPDATE: #Bitcoin #BTC on 12/18/2020 #BTC = Big Boy #Breakout for #Bitcoin #BTC...next trade purchase @ all time high price of >$23,800ish...cant wait!

BREAKOUT ALERT UPDATE: #Bitcoin #BTC on 12/24/2020 #BTC $22,785 = Support and $23,470 resistance = tight trading range.

BREAKOUT ALERT UPDATE: #Bitcoin #BTCUSD on 12/26/2020 #BTCUSD All Time New High #Breakout price discovery now > Greater than $25,000 wow! $50,000 #BTCUSD next?

BREAKOUT ALERT UPDATE: #Bitcoin #BTCUSD on 1/1/2021 #BTCUSD Support at $28,391 with no resistance...100% strong Buy signal on #BTCUSD...wants to be purchased up Trend!

BREAKOUT ALERT UPDATE: #Bitcoin #BTCUSD on 1/6/2021 #BTCUSD Big Boy #Breakout! New Higher High Support levels. $31,136.75 Support with $36,839.68 = Resistance.  

BREAKOUT ALERT UPDATE: #Bitcoin #BTCUSD on 1/8/2021 #BTCUSD New High. Never to High to Buy! Support Level = $36,899, Resistance Point = $41,389. 
100% Buy and ranks in the Top 1% of all short term signal directions. Long term indicators fully support a continuation of the trend. The market is in highly overbought territory. Beware of a trend reversal.

BREAKOUT ALERT UPDATE: #Bitcoin #BTCUSD on 1/9/2021 #BTCUSD parses > Greater Than $41,389 in strong continuation of uptrend! $42,333.51 = New Higher High Resistance level! New Support level = $37,237.53 = Higher High of everything!

BREAKOUT ALERT UPDATE: #Bitcoin #BTCUSD on 1/11/2021 #BTCUSD On 1/8/2021, posted above, #Altcoingazette #AI #Quant posted "Beware of a trend reversal".  #BTCUSD has long term upward support at $30,374. This price action in #BTC confirms that #BTC is a valid asset class.  

BREAKOUT ALERT UPDATE: #Bitcoin #BTCUSD on 1/15/2021 #BTCUSD
Technical Opinion rating is a 100% Buy with a Strengthening short term outlook on maintaining the current direction. Long term indicators fully support a continuation of the Up trend.

BREAKOUT ALERT UPDATE: #Bitcoin #BTCUSD on 1/22/2021 #BTCUSD #Bitcoin 10X up from $4,000ish (Support) to $42,000ish (Resistance), trend reversals happen folks. #BTC #Breakout from $20,000ish to $42,000ish = $12,000 #BTC points. 50% of $12,000 #BTC points = $6,000 #BTC trading points, thus $42,000 - $6,000 = $36,000ish, right? WD GANN theory suggests that #BTC wants to be purchased anything <Less Than $36,000ish. 

Technical Opinion rating is a 80% Buy with a Strengthening short term outlook on maintaining the current direction. Long term indicators fully support a continuation of the trend.

BREAKOUT ALERT UPDATE: #Bitcoin #BTCUSD on 1/29/2021 #BTCUSD #Bitcoin Looking Good with the MoMo #Breakout. Nice pull back from $34,640ish, then finds Support at $29,483ish. $32,798 = Pivot Point. Nice recent #Breakout >Greater than $34,64ish. Resistance at $39,455ish for the #Breakout! Big Trading range with Great MoMo up from $32,798 Pivot!

BREAKOUT ALERT UPDATE: #Bitcoin #BTCUSD on 2/5/2021 #BTCUSD #Bitcoin Looking Great! #BTC Nice rally up from $32,798 = Pivot Point from previous post (Support) and Higher High of everything. $38,254 = Resistance. Higher High Support at $36,655. Certainly wants to be purchased >Greater than $38,254 for the #Breakout and continuation of Up Trend.

Technical Opinion rating is a 100% Buy with a Strengthening short term outlook on maintaining the current direction. Long term indicators fully support a continuation of the Up trend. Up from 80% Buy to 100% Buy since 1/29/2021, thus Uptrend is gaining 20% strength...Trend is our Friend!

BREAKOUT ALERT UPDATE: #Bitcoin #BTCUSD on 2/12/2021 #BTCUSD #Bitcoin Looking Great! All time High #Breakout, thus no possible upside price discovery. The $38,254 (Support) #Breakout has rally to $48,900ish (Resistance) #Bitcoin rules the crypto space. Higher High of everything! Certainly wants to be purchased Greater than >$48,900ish for continuation of #Uptrend!

BREAKOUT ALERT UPDATE: #Bitcoin #BTCUSD on 2/19/2021 #BTCUSD #Bitcoin Looking Very Great! All time High #Breakout, thus no possible upside price discovery. The $51,100 (Support) #Breakout has rally to new Highs , with no resistance (Resistance) #Bitcoin rules the crypto space. Higher High of everything! Certainly wants to be purchased Greater than >$52,769ishsh for continuation of #Uptrend! See readers how #BTC runs the show! Never to High to Buy #BTC...Trend is Friend!

BREAKOUT ALERT UPDATE: #Bitcoin #BTCUSD on 2/26/2021 #BTCUSD #Bitcoin still Looking Very Good. Nice #BTC price retracement after mania. Huge rally up from $4,000ish to >Greater than $57,000. #BTC price action is healthy. Possible double bottom retest of Support at $44,891ish. Possible Pivot Point for #Upside #Breakout forthcoming. Certainly wants to be purchased >Greater than $52,000ish. The new narrative is that #BTC was in a speculative bubble and to repete 2017 Boom and Bust cycle...time will tell. Big Boys trying to drive #BTC price down, so they can purchase #BTC at better prices? 

BREAKOUT ALERT UPDATE: #Bitcoin #BTCUSD on 3/5/2021 #BTCUSD Very Nice relief Rally up from $43,000ish (Support) to $52,600ish. Thus $9,600 point trading range on #BTC! Then retest Support at $46,600ish. 

The Technical Opinion rating for #BTCUSD is a 88% Buy with a Strengthening short term outlook on maintaining the current direction. Long term indicators fully support a continuation of the Uptrend for #BTCUSD.

Support at $46,370ish and Resistance at $50,590ish. Certainly wants to be purchased >$50,590ish, with Higher High Support levels!


BREAKOUT ALERT UPDATE:
 
#Bitcoin #BTCUSD on 3/12/2021 #BTCUSD Very Nice #Breakout >Greater than $50,590ish (Old Resistance) mentioned in previous post, to new All Time High. 

The Technical Opinion rating for #BTCUSD is a 100% Buy with a Strengthening short term outlook on maintaining the current direction. Technical Opinion increased from 88% to 100% this last week, thus Trend is Up and wants to be purchased...#BTCUSD Never to High to Buy! 

BREAKOUT ALERT UPDATE: #Bitcoin #BTCUSD on 3/19/2021 #BTCUSD Very Nice #Breakout >Greater than $50,590 (Old Resistance) mentioned above, to $61,788ish (Resistance) (All Time New High) = Very Bullish for #BTCUSD. Certainly wants purchased >Greater than $59,216ish and $62,789ish for #Upside #Breakout.

#Bitcoin #BTCUSD Nice price retracement down from $61,870ish (All Time High), to $53,136ish and now the rally back up to $60K+ = Nice price action readers! 

The Technical Opinion rating for #BTCUSD is a 100% Buy with a Strengthening short term outlook on maintaining the current direction. Technical Opinion is to 100%! #BTCUSD Never to High to Buy!

BREAKOUT ALERT UPDATE:
 
#Bitcoin #BTCUSD on 3/26/2021 #BTCUSD Nice price retracement down from $61,200 (Resistance) to $51,200ish, thus $10,000 retracement trading range. Wants $56k in future? 88% Buy with average trends. Certainly wants to be purchased >Greater than $56,600ish for the #Breakout.

BREAKOUT ALERT UPDATE: #Bitcoin #BTCUSD on 4/2/2021 #BTCUSD Nice #Breakout for #BTCUSD >Greater than $56,600ish mentioned in prev. post readers! So are we looking @ a new All Time New High for #BTCUSD in the near future, looks so? #BTCUSD is a 100% Buy with a Strengthening short term outlook. Only The strong survive, the #BTC trend has increased this from 88% to 100%, thus Trend is increasing and the strongest Uptrend! Jessie would say "BTCUSD is Never to High to Buy"! 

BREAKOUT ALERT UPDATE: #Bitcoin #BTCUSD on 4/9/2021 #BTCUSD Lower Low Support Level of $56,000ish. Certainly wants purchased >Greater than $59,200ish, $59,600ish and >$62Kish! for the #Breakout! Currently consolidating in price trading range. Still #BTCUSD is a 100% Buy with a Strengthening short term outlook. Jessie would say "BTCUSD is Never to High to Buy"!
 
BREAKOUT ALERT UPDATE: 
#Bitcoin #BTCUSD on 4/16/2021 #BTCUSD Support Level of $62,411ish. Certainly wants purchased >Greater than $64,028ish,$64,648 and $65,646 for the #Breakout! Still #BTCUSD is a 100% Buy with a Average short term direction. Jessie would say "BTCUSD is Never to High to Buy"! 

BREAKOUT ALERT UPDATE: #Bitcoin #BTCUSD on 4/23/2021 #BTCUSD Nice Macro #BTCUSD #Priceretracement down from All Time New High of $64,804.72 achieved on 4/14/2021, with a #Bearmarket priceaction -23% pricepullback. Readers lets compare #BTCUSD to the #Dowjonesindustrialaverage in it's past, shall we? The #DowJones has had many Macro 50% pricepullbacks in it's past...only to achieve new All Time High price...So why cant #BTCUSD do the same same thing, Right? In the pricepullback in #BTCUSD, it did not go to $0...so this confirms that #BTCUSD "Behaves" just like all other trading assets...thus priceretracement is a natural crowd behavior for #BTCUSD.

#BTCUSD is still a BUY with a Technical Opinion rating that is a 56% Buy with a Weakest short term outlook.  

Support =$49,773.98 and $54,034.15 = Resistance...Certainly wants purchased >Greater than $56,861.59 and $58,294.32 for the #Breakout. Time will tell?

BREAKOUT ALERT UPDATE: #Bitcoin #BTCUSD on 4/30/2021 #BTCUSD Nice Pivot off of $49,100ish (Support) Great #Breakout >Greater than $54,034.15 = (Resistance) mentioned in previous post! Now the #Breakout Greater than>$56,861.59 mentioned in previous post in play! 

#BTCUSD is still a BUY with a Technical Opinion rating that is a 72% Buy, up from a 56% Buy from previous post with an Average short term outlook.  

Support =$51,872.04 and $54,652.30 = Resistance...Certainly wants purchased >Greater than $54,652.30, $56,315.59 and $57,432.56 for the #Breakout. Trend = UP! Checkout this hot new eBook on #Amazon Kindle #BTCETH: 

BREAKOUT ALERT UPDATE: #Bitcoin #BTCUSD on 5/7/2021 #BTCUSD Nice #Priceretracement down to $53,256ish (Support), from $58,827ish, then the #PivotPoint Trade up to $58,066ish (Resistance), wants purchased >Greater than $57,541ish and $57,749ish (Resistance) and >Greater than $58,066ish (Resistance) for the #Breakout! 

#BTCUSD is a BUY with a Technical Opinion rating that is a 88% Buy, up from a 72% Buy from previous post with an Average short term outlook on maintaining Uptrend.

Technical Opinion on #BTCUSD is gaining strength, thus Trend is Up and wants to be purchased! (Support) $54,760ish and (Resistance) at $57,748.01! 

BREAKOUT ALERT UPDATE: #Bitcoin #BTCUSD on 5/14/2021 #BTCUSD Nice #Priceretracement down from $64,519ish (Resistance), to $48,363ish (Support), Now what? Support Level $45,754.46 and (Resistance) at $53,783.60, $58,280.08 and $61,812.74. Certainly wants purchased >Greater than $53,783.60, $58,280.08 for the #Breakout!

#BTCUSD is a BUY with a Technical Opinion rating that is a 40% Buy, down from a 88% Buy from previous post Weakest short term outlook on maintaining the current direction.

Lets see if Support holds or the #Breakout?

BREAKOUT ALERT UPDATE: #Bitcoin #BTCUSD on 5/21/2021 #BTCUSD Jumbo #Priceretracement down from $64,519ish (Resistance), to wick low of $30,000ish (Support). We love the WD Gann 50% #Priceretracement #priceaction in process! $64,519ish (Resistance) divided by 50% = $32,259ish. The retracement price between $30,000ish and $32,259ish is the "Buy the Dip" purchase zone for #BTCUSD. If $30,000ish (Support) holds, then #BTCUSD could "Double Bottom" price test such...then the Power Pivot" back up?

#BTCUSD is a BUY with a Technical Opinion rating that is a 4% Buy, down from a 40% Buy from previous post Weakest short term outlook on maintaining the current direction.   

BREAKOUT ALERT UPDATE: #Bitcoin #BTCUSD on 5/28/2021 #BTCUSD Very Nice WD Gann #priceretracement trade between $30,000ish and $32,259ish (mentioned in previous post), played out very well, with the price pullback to $31,160ish (Support), then the strong  #BearMarket rally back up to $40,573ish (Resistance)! Now what? Because #Bitcoin #BTCUSD is behaving very well with respect to crowd psychology and be·hav·ior·al /bəˈhāvyərəl/ finance during a #BearMarket, confirms #Bitcoin #BTCUSD's status as a valid trading \ speculation asset!

#BTCUSD: The Technical Opinion rating is a 8% Sell with a Average short term outlook on maintaining the current direction.  

#BearMarkets are just "Inverted" #BullMarkets!
 

BREAKOUT ALERT UPDATE: #Bitcoin #BTCUSD on 6/4/2021 #BTCUSD Very Nice #Priceretracement to $33,871ish (Support), down from $40,000ish (Resistance) BTC tried to #Breakout >Greater than $40,000ish but failed. Higher High Support level of $36,578, Certainly wants purchased >Greater than $37,982ish and $39,269ish for the continuation of Uptrend and #Breakout!

#BTCUSD is still in a #BearMarket for now: #BTCUSD: The Technical Opinion rating is a 8% Sell with a Average short term outlook on maintaining the current direction.
 

BREAKOUT ALERT UPDATE: #Bitcoin #BTCUSD on 6/11/2021 #BTCUSD Very Nice #Priceretracement to $31,650ish (Support). The #BTCUSD All Time high was set on April 14, 2021 at $64,804.72. Here is our #BTCUSD theory: We follow the teaching of WD Gann. Gann's favorite trade entry is at the 50% #priceretracement level, thus $64,804.72 divided by 50% = $32,404.36ish...thus #BTCUSD wants purchased anything >Less than $32,404.36ish, for the WD Gann 50% #priceretracement long trade entry! 

This week, #BTCUSD pulls the very nice #priceretracement to $31,677ish! $31,677ish is >Less than $32,404.36ish...thus #BTCUSD wants purchased...#BTCUSD then pulls very nice #PivotPoint trade up to $38,877ish (Resistance) from $31,650 (Support) Certainly wants purchased >Greater than $38,426ish for the #Breakout! WD Gann  50% trades almost always workout Great into the future "Time Cycle"! Big Old "Cup and Handle" forming?

#ALTCOINGAZETTE.COM’s: THE #BITCOIN #ETHEREUM #CONTINUUM: Dollar Cost Average #BITCOIN Vs. #ETHEREUM Cross Currency Pair Kindle Edition https://www.amazon.com/dp/B093TWYQMQ 

                 
                   
                 
                   


BREAKOUT ALERT:
 
 #Litecoin #LTC on 8/15/202 at $61ish, nice 
breakout volume, #LTC to double to $120ish? Or the $50.00
Breakout on 7/26/18? #LTCUSD #Litecoin wants $100ish?
$LTCUSD Never to high to buy. $50 #LTCUSD looks like
power pivot price for #LTC.  

BREAKOUT ALERT UPDATE: 9/6/2020 #LTCUSD Nice trading range Breakout...$45.00 to $65.00...now the 50% pullback to $55.00ish and then back to original $45.00 breakout level. #LTCUSD has gone full circle, is it time to nibble on #LTCUSD at $45.00ish for the next upside breakout?

BREAKOUT ALERT UPDATE: 9/10/2020 #LTCUSD nice pivot up
from support of $45 to $49!

BREAKOUT ALERT UPDATE: 10/10/2020 #LTCUSD great price pullback to $44ish support. #LTCUSD secret is that #LTCUSD could be a 10X play to $450ish, just don't tell anyone.

BREAKOUT ALERT UPDATE: 10/26/2020 #LTCUSD up nice from $44+...wants $450isn in the next five years?

BREAKOUT ALERT UPDATE: 11/10/2020 #LTCUSD nice trading range...wants higher.

BREAKOUT ALERT UPDATE: 11/10/2020 #Litecoin #LTCUSD up very nice since its listing here on the #UBAS...Found support @ $57ish...still wants $100ish! 

BREAKOUT ALERT UPDATE: 11/10/2020 #Litecoin #LTCUSD Higher Highs on support levels...$66 support set and higher breakout support level set at $70ish...still wants higher readers!

BREAKOUT ALERT UPDATE: 11/19/2020 #Litecoin #LTCUSD Higher Highs again! $44 up to $80...rather bullish on #LTC on the pull backs...still wants $450ish in the next 36 months, just don't tell anyone. 

BREAKOUT ALERT UPDATE: 11/28/2020 #Litecoin #LTCUSD Nice price retracement down from $93 to $65...wants $80ish + easy...nice one!

BREAKOUT ALERT UPDATE: 11/30/2020 #Litecoin #LTCUSD Clears $80.00ish and wants $100.00ish.

BREAKOUT ALERT UPDATE: 12/2/2020 #Litecoin #LTCUSD showing some nice momo price action, with higher higher support levels.

BREAKOUT ALERT UPDATE: 12/11/2020 #Litecoin #LTCUSD wants to retest $67ish for the next power pivot back up? 

BREAKOUT ALERT UPDATE: 12/15/2020 #Litecoin #LTCUSD Higher High support level at $72.00ish, with resistance at $90.00, still bullish trend and wants $100.00. 

BREAKOUT ALERT UPDATE: 12/17/2020 #Litecoin #LTCUSD Done good! Mooning and wants higher still! $101 new Higher High support level!

BREAKOUT ALERT UPDATE: 12/24/2020 #Litecoin #LTCUSD $100.00 = Support and $109ish = resistance.

BREAKOUT ALERT UPDATE: 1/1/2021 #Litecoin #LTCUSD Higher support level of $123, up from $100 support level. Resistance at $133 and then $135ish.

BREAKOUT ALERT UPDATE: 1/6/2021 #Litecoin #LTCUSD Blows past $135 Resistance on the #Breakout. Support: $149.9146 and Resistance: $167.9869. 

BREAKOUT ALERT UPDATE: 1/8/2021 #Litecoin #LTCUSD $153 Support = Higher High support level. $180 = Resistance. Nice Uptrend. Wants Higher!

BREAKOUT ALERT UPDATE: 1/8/2021 #Litecoin #LTCUSD $125 Support = Higher High support level. $151 = Resistance. Sideways consolidation. Follows #BTC. 

BREAKOUT ALERT UPDATE: 1/22/2021 #Litecoin #LTCUSD Higher High Support Level at $130ish with Resistance at $150ish and $163ish. Wants to follow #BTC.

BREAKOUT ALERT UPDATE: 1/29/2021 #Litecoin #LTCUSD Nice price retracement down from $147ish (Resistance) finds Support at $120ish. $131ish and $133ish = Pivot Points. Certainly wants to be purchased >Greater than $147ish for the #Breakout! 

BREAKOUT ALERT UPDATE:  2/5/2021 #Litecoin #LTCUSD Nice has a decent #Breakout >Greater than $147ish to $157 (Resistance) Higher High Support level at $145ish up from $131ish and $133ish = Pivot Points, thus Trend is Up. Certainly wants to be purchased >Greater that $159ish for the continuation of Up Trend and additional Upside #Breakout. Likes to follow #BTC.

BREAKOUT ALERT UPDATE:  2/12/2021 #Litecoin #LTCUSD The $159ish #Breakout did Great. $159 = Support and $? = Resistance...#Litecoin currently in #Breakout mode. $178 = Pivot Point...Never to High to Buy!..(As long as #BTC rally continues).

BREAKOUT ALERT UPDATE:  2/19/2021 #Litecoin #LTCUSD Nice price retracement to $196ish (Support) and now the rally back up to $238ish (Resistance). Higher Highs of everything, thus Trend is Up. Pivot point is $220ish. Certainly wants to be purchased >Greater than $239ish for additional #Breakout. Been a good one readers! 

BREAKOUT ALERT UPDATE:  2/26/2021 #Litecoin #LTCUSD Nice price retracement to $162ish (Support), down from $247 (Resistance). Certainly wants to be purchased >Greater than $195ish (Resistance). Pivot point >$196ish? 

BREAKOUT ALERT UPDATE:  3/5/2021 #Litecoin #LTCUSD Nice price retracement to $170ish (Support), down from $196ish (Resistance). Certainly wants to be purchased >Greater than $181ish (Resistance). Pivot point >$171ish? Good trading range $196 to $171!

BREAKOUT ALERT UPDATE:  3/12/2021 #Litecoin #LTCUSD Big nearly 50% WD Gann price retracement down from $243ish (Resistance) to $156ish (Support). Now the trade back up, with Higher High Support levels. $197ish (Support). Clear to $229ish (Resistance) Certainly wants to be purchased >Greater than $230ish (Resistance) to trade Higher than $243ish. $193ish = Pivot Point! Nice Gann trade.

BREAKOUT ALERT UPDATE:  3/19/2021 #Litecoin #LTCUSD Nice WD Gann theory rally back trade up from $193ish Pivot Point, to $229.00ish (Resistance). $199.29 = (Support) and $208ish = (Resistance), Certainly wants purchased >Greater Than $209ish and $230.00ish for #Breakout, Nice Trade.
 
BREAKOUT ALERT UPDATE:  3/26/2021 #Litecoin #LTCUSD Nice #Breakout >Greater than $209ish mentioned in previous post. The previous 50% WD Gann Price retracement is playing out well vs the rest of the #Crypto market readers. Nice price retracement to $155ish (Support) with Higher High Support levels of $155ish to $170ish. This is a good one on the #Breakouts, certainly wants to be purchased >Greater than $195ish for the #Breakout!

BREAKOUT ALERT UPDATE:  4/2/2021 #Litecoin #LTCUSD Nice Pivot Point up from $171ish (Old Support). $190ish = Higher High Support level. No Resistance to $229ish (Resistance). Certainly wants purchased >$230ish for the continuation of Uptrend and further #Breakout to the Upside!

BREAKOUT ALERT UPDATE:  4/9/2021 #Litecoin #LTCUSD Nice Pivot Point up from $213ish (Support) to $241ish (Resistance). Higher High of everything Readers!, thus Trend is Up and wants purchased. Certainly wants purchased >Greater than $245ish for continuation of Uptrend! Been a Great trader! 

BREAKOUT ALERT UPDATE:  4/16/2021 #Litecoin #LTCUSD Nice Pivot Point up from $245ish (Support) to $296ish (Resistance). Higher High of everything Readers!, thus Trend is Up and wants purchased. Certainly wants purchased >Greater than $297ish for continuation of Uptrend! Been a Great trader!

BREAKOUT ALERT UPDATE:  4/23/2021 #Litecoin #LTCUSD Nice MoMo #priceretracement down from $334ish to $223ish (Support). Certainly wants purchased $>Greater than $238ish for the #Breakout. Wants $293ish in the future?

BREAKOUT ALERT UPDATE:  4/30/2021 #Litecoin #LTCUSD Nice MoMo purchased $>Greater than $238ish Pivot Point mentioned in previous post worked Great up to $270ish (Resistance) Certainly wants purchased >Greater than $271ish for the continuation of #Uptrend and additional #Breakout! Lower Support level of $215ish...then then Power Pivot! Trend = UP! Buy the Dip worked off of Support!   

BREAKOUT ALERT UPDATE: 5/7/2021 #Litecoin #LTCUSD The $271ish #Breakout mentioned in previous post worked for the #BigBreakout up to $368.75ish (Resistance)! $349ish = Higher High (Support) Level! Certainly wants purchased >Greater than $373ish for the continuation of #Uptrend and additional #Breakout...Never to High to Buy!

BREAKOUT ALERT UPDATE: 5/14/2021 #Litecoin #LTC #LTCUSD Nice #Breakout >Greater than $373ish mentioned in previous post!, up to $411.00ish (Resistance), then the #Priceretracement to $295.00ish (Support), Now what? Certainly wants purchased >Greater than $359ish and $392ish (Resistance), as long as the Higher High Support level of $295ish holds. Trend = up, thus wants purchased on price pullbacks! 

BREAKOUT ALERT UPDATE: 5/21/2021 #Litecoin #LTC #LTCUSD Jumbo #Priceretracement down from $400ish (Resistance) to wick low of $147ish (Support), thus representing a >Greater than 50% WD Gann #Priceretracement! If $147ish (Support) holds then a "Double Bottom" price restest of  $147ish holds...then the Power Pivot back up? Certainly wants purchased >Greater than $213ish (Resistance) for the #Breakout! Looks like it wants to retest $147ish (Support) level. Time will tell if $147ish (Support) level holds.

BREAKOUT ALERT UPDATE: 5/28/2021 #Litecoin #LTC #LTCUSD The $147ish (Support) mentioned in the previous post failed, then the lower low #priceretracement to $128ish (Support), then the Pivot Point trade up from $128ish to $206.50ish (Resistance). The #BearMarket rally always looks very strong. Could retest $128ish (Support) level again? Wants purchased >Greater than $206.52ish for the #Breakout! Lets see if $128ish Support holds?

BREAKOUT ALERT UPDATE:  6/4/2021 #Litecoin #LTC #LTCUSD Very nice #Priceretracement down from $206ish (Resistance) to $158.44ish (Support), the the Pivot Point trade up to $196ish (Resistance) Certainly wants purchased >Greater than $183.29ish and $196.01ish (Resistance). Very nice MoMo up from $158.44ish! $174ish = Higher High Support level!  

BREAKOUT ALERT UPDATE:  6/11/2021 #Litecoin #LTC #LTCUSD Lower Low Support level of $150ish, then the #PivotPoint trade up to $173ish (Resistance). Now what? Certainly wants purchased >Greater than $174ish for the #Breakout to the Upside...as long as the Lower Low Support level holds!

#BearMarkets are just "Inverted" #BullMarkets!  
                 
                   
                 
                   



BREAKOUT ALERT UPDATE:
 
on #Bitcoin Cash #BCH 11/10/2020 up nice from support of $206, more to go!

BREAKOUT ALERT UPDATE: on #Bitcoin Cash #BCH 11/19/2020 Consolidating was greater than $325 Resistance in August 2020, nice to see #BCH > $325 on heavy volume breakout...time will tell on #BCH

BREAKOUT ALERT UPDATE: on #Bitcoin Cash #BCH 11/21/2020: Nice breakout > Greater than $273, up nice since being listed here on #UBAS!

BREAKOUT ALERT UPDATE: on #Bitcoin Cash #BCH 11/23/2020 Right at #resistance at $320ish...standby...#BCH could pull z jumbo #Breakout >322ish #BCHUSD! Not investment advise...news story...!

BREAKOUT ALERT UPDATE: on #Bitcoin Cash #BCH 11/28/2020 Finds support at $255...wants $325ish?

BREAKOUT ALERT UPDATE: on #Bitcoin Cash #BCH 11/30/2020 Building Higher High support levels...showing some nice momo soon to > $325ish?

BREAKOUT ALERT UPDATE: on #Bitcoin Cash #BCH 12/2/2020 $280ish new support level.

BREAKOUT ALERT UPDATE: on #Bitcoin Cash #BCH 12/11/2020 Trades below $280ish support level and is probing support levels $244, for the power pivot back up?

BREAKOUT ALERT UPDATE: on #Bitcoin Cash #BCH 12/15/2020 Higher High support levels, new Higher support at $288ish up from $244...wants to be purchased.

BREAKOUT ALERT UPDATE: on #Bitcoin Cash #BCH 12/18/2020 Higher High support level new support @ $305...new resistance @ $325ish.

BREAKOUT ALERT UPDATE: on #Bitcoin Cash #BCH 12/24/2020 Support $272ish after price retracement, Resistance at $393ish.

BREAKOUT ALERT UPDATE: on #Bitcoin Cash #BCH 1/1/2021 Higher High support levels, $334, resistance = $393.

BREAKOUT ALERT UPDATE: on #Bitcoin Cash #BCH 1/6/2021 Nice #Breakout > Greater than $393 mentioned above. Resistance at $444ish and support at $395ish. #BCH aint "Forking Around" > Greater than $444!

BREAKOUT ALERT UPDATE: on #Bitcoin Cash #BCH 1/8/2021 $432 support and Resistance at $481, up nice, with Higher High suppt. Nice Pivot up from $272!

BREAKOUT ALERT UPDATE: on #Bitcoin Cash #BCH 1/15/2021 $433 support and Resistance at $510. $511 Pivot point? Been good upside MoMo.

BREAKOUT ALERT UPDATE: on #Bitcoin Cash #BCH 1/22/2021 $416 support and Resistance at $498. $511 Pivot point? Higher High Support Level, wants to be purchased >Greater than $498ish.

BREAKOUT ALERT UPDATE: on #Bitcoin Cash #BCH 1/29/2021 Nice price retracement down from $460ish (Resistance) finds Support at $371ish. Pivot Point at $398ish. $434 near term Resistance. Certainly wants to be purchased >Greater than $434ish for the #Breakout!

BREAKOUT ALERT UPDATE: on #Bitcoin Cash #BCH 2/5/2021 $454 (Resistance), Nice rally off of $398ish to $454ish, then the price pullback to $418 (Support) Higher High of everything. $441 and $454 = (Resistance), Certainly wants to be purchased >Greater than $441 and $454 for the #Breakout!

BREAKOUT ALERT UPDATE: on #Bitcoin Cash #BCH 2/12/2021 $454 #Breakout worked Great mentioned in previous post! Clears $537 Resistance. No Resistance till $610ish. certainly wants to be purchased >Greater than $614 and then $654ish for continuation of #Uptrend. Higher High of everything. Been a nice one Readers! 

BREAKOUT ALERT UPDATE: on #Bitcoin Cash #BCH 2/19/2021 $654 #Breakout worked Great mentioned in previous post! Rally to $758ish (Resistance), $653ish (Support) with no Resistance till $759ishish. certainly wants to be purchased >Greater than $780ish for continuation of #Uptrend. Higher High of everything. Been a nice one Readers!

BREAKOUT ALERT UPDATE:
 
on #BitcoinCash #BCH 2/26/2021 Nice price retracement to $455ish (Support) down from $759 (Resistance). Certainly wants to be purchased >Greater than $545ish for continuations of Uptrend. Higher High of everything, thus trend is up and wants to be purchased on price retracements. 

BREAKOUT ALERT UPDATE: on #BitcoinCash #BCH 3/5/2021 Nice price retracement to $475ish (Support) down from $555ish (Resistance). Certainly wants to be purchased >Greater than $497ish for continuation of Uptrend. Higher High of everything. Pivot Point = $498ish?

BREAKOUT ALERT UPDATE: on #BitcoinCash #BCH 3/12/2021 #BCHUSD done good >Greater than $497ish mentioned in previous post, to $564ish. Sideways consolidation, Certainly wants to be purchased >Greater than $565ish for the #Breakout to $630ish? Time will tell?

BREAKOUT ALERT UPDATE:
 
on #BitcoinCash #BCH 3/19/2021 #BCHUSD done good >Greater than $565ish #Breakout mentioned in previous post, so the rally to $606ish was a Good thing. $515ish (Support) and (Resistance) at $546ish. Wants purchased >Greater than $547ish for #Breakout continuation. 

BREAKOUT ALERT UPDATE:
 
on #BitcoinCash #BCH 3/26/2021 #BCHUSD Large price retracement down from $770ish to $430ish, with Higher High Support level of $468ish. Certainly wants to be purchased >Greater than $524ish on big volume #Breakout?

BREAKOUT ALERT UPDATE: on #BitcoinCash #BCH 4/2/2021 #BCHUSD Large price action #Breakout >Greater than $524ish (Old Resistance) mentioned in previous post Readers!, to $597ish (Resistance). Wants purchased >$595ish for no Resistance trade to $721ish? $469ish = Higher High Support level! Certainly wants purchased >Greater than $722ish for continuation of Uptrend #Breakout!  

BREAKOUT ALERT UPDATE: on #BitcoinCash #BCH 4/9/2021 #BCHUSD Large price action #Breakout >Greater than $524ish mentioned in previous post up to $691ish (Resistance). Higher High Support Level of $614ish. Certainly wants purchased >$692ish for #Breakout and continuation of #Uptrend! Jessie would say "Never to High to Buy"!

BREAKOUT ALERT UPDATE: on #BitcoinCash #BCH 4/16/2021 #BCHUSD Whew!, Large price action #Breakout >Greater than $692ish mentioned in previous post up to $960ish (Resistance). Higher High Support Level of $802ish. Certainly wants purchased >$961ish for #Breakout and continuation of #Uptrend! Jessie would say "Never to High to Buy"!

BREAKOUT ALERT UPDATE: on #BitcoinCash #BCH 4/23/2021 #BCHUSD Big #Priceretracement down from $1,200ish (Resistance) to $751ish (Support), Certainly wants purchased >Greater than $856ish (Resistance) for the #Breakout! Wants $975.5ish in the future if $751ish (Support) holds...Time will tell!

BREAKOUT ALERT UPDATE: on #BitcoinCash #BCH 4/30/2021 #BCHUSD Lower Low (Support) level of $732, then Whew!, Nailed the $751ish #Breakout Pivot Point Huge! Not much resistance up to $1,140ish! Certainly wants purchased >Greater than $1,141ish for the continuation of #Uptrend and additional #Breakout...Oh my!

BREAKOUT ALERT UPDATE: on #BitcoinCash #BCH 5/7/2021 #BCHUSD $856ish and $1,141ish #Breakouts mentioned in previous posts, worked Huge...up to $1,529ish (Resistance). $1,368ish = Higher High (Support). Wants purchase >Greater than $1,530ish and $1,606ish (Resistance)...Never to High to Buy!

BREAKOUT ALERT UPDATE: on #BitcoinCash #BCH 5/14/2021 #BCHUSD >Greater than $1,530ish #Breakout mentioned in previous post worked well, until meets (Resistance) at $1,596ish, then the #Priceretracement down to $1,141ish (Support), Now what? Certainly wants purchased >Greater than $1,448 for the #Breakout, Been a good one Readers! Higher High Support levels. 

BREAKOUT ALERT UPDATE: on #BitcoinCash #BCH 5/21/2021 #BCHUSD Jumbo #Priceretracement down from $1,567ish (Resistance) to wick low of $504ish (Support). We like the 50% WD Gann #priceretracement currently in process for #BitcoinCash #BCH #BCHUSD. $783.50ish is the WD Gann 50% #Priceretracement number. Lets see if $783.50ish (Support) holds, with a double bottom "Price Retest" happens? Between $504ish and $783.50ish is the "Buy the Dip" trade zone for #BCHUSD folks!  

BREAKOUT ALERT UPDATE: on #BitcoinCash #BCH 5/28/2021 #BCHUSD wick low of $504ish (Support), mentioned in the previous post was retested and the Pivot Point trade up to $796ish (Resistance). Same thing...#BearMarket rally always looks very strong and then? $783ish mentioned in previous post, then becomes (Resistance). Could retest $504ish (Support)? 

Wants purchased >Greater than $703ish and $806ish for the #Breakout!

BREAKOUT ALERT UPDATE: on #BitcoinCash #BCH 6/4/2021 #BCHUSD Very Nice #Priceretracement down from $796ish (Resistance) to $623ish (Support)! Nice rally up to $729ish (Resistance). $567ish = Higher High Support. Certainly wants purchased >Greater than $690ish and $730ish for the continuation of Up Trend and #Breakout!

BREAKOUT ALERT UPDATE: on #BitcoinCash #BCH 6/11/2021 #BCHUSD Very Nice #Priceretracement down from $796ish (Resistance) mentioned in previous post, to $560ish (Support) = Lower Low Support. Then the rally back up #PivotPoint trade upto $635ish (Resistance). Certainly wants purchased >Greater than $636ish for the #Upside #Breakout, as long as $560ish Support holds!

#BearMarkets are just "Inverted" #BullMarkets!   

                 
                   
                   
                   


BREAKOUT ALERT UPDATE:
 
on #EtherClassic #ETC 11/12/2020 Looks like it wants to go!

BREAKOUT ALERT UPDATE: on #EtherClassic #ETC 11/21/2020 Huge pump up from $5.00ish to $8.00ish since listing on #UBAS!

BREAKOUT ALERT UPDATE: on #EtherClassic #ETC 12/11/2020 Probing long term support? Wants to retest $5.052ish? All depends what #ETH does along with #BTC, right? 

BREAKOUT ALERT UPDATE: on #EtherClassic #ETC 12/16/2020 Nice power Pivot...following #ETH and #BTC!

BREAKOUT ALERT UPDATE: on #EtherClassic #ETC 12/18/2020 $6.00 support Resistance @$6.65ish, thus consolidation + Base building.

BREAKOUT ALERT UPDATE: on #EtherClassic #ETC 12/24/2020 Nice pullback to support level $4.94 then Resistance at $6.147ish...#ETH related...what can can we say?

BREAKOUT ALERT UPDATE: on #EtherClassic #ETC 1/1/2021 Higher support level of $5.58 with resistance at $5.82 = sideways. ZZZZZZZzzzz.

BREAKOUT ALERT UPDATE: on #EtherClassic #ETC 1/6/2021 Nice #Breakout with price discovery related to #ETH. Resistance at $7.88ish.

BREAKOUT ALERT UPDATE: on #EtherClassic #ETC 1/8/2021 $6.72 = Higher Support level, with Resistance at $7.192 = Resistance, with tighter trading range. 

BREAKOUT ALERT UPDATE: on #EtherClassic #ETC 1/15/2021 Nice 50% retracement from $15.00ish pump up from $5.58 long term support level. $9.98 = Resistance and $8.28 = Resistance = Tight trading range. Wants $12.00ish?

BREAKOUT ALERT UPDATE: on #EtherClassic #ETC 1/22/2021 $7.40 New Support and $8.73 Resistance. Full circle trade, Breakout at $7.80ish, pumps to $13.22, now the price retracement to $7.710 ETCUSD. Time to nibble on 50% retracement? 

BREAKOUT ALERT UPDATE: on #EtherClassic #ETC 1/29/2021 $6.68 pullback to Support Level. $7.36 = Pivot Point, then nice pump to $8.33ish (Resistance). Nice MoMo, wants to be purchased >Greater than $8.00ish for the #Breakout!

BREAKOUT ALERT UPDATE: on #EtherClassic #ETC 2/5/2021 Sort of Sideways suckage with not much MoMo follow through. Does #Breakout >Greater than $8.00ish, however not much pumpage? Did Pivot off of $7.76 for the rally up. Wants to be purchased >Greater than $8.24ish for the #Breakout?

BREAKOUT ALERT UPDATE: on #EtherClassic #ETC 2/12/2021 Did #Breakout >Greater than $8.00ish, Did Pivot off of $8.25ish for the rally up. Wants to be purchased >Greater than $12.21ish for the #Breakout? Trend = Up. Right at Long term Resistance of 11.734 USD. Certainly wants to be purchased >Greater than $13.75 for the #Breakout and continuation of UPtrend. $14.76 super Long term Resistance.

BREAKOUT ALERT UPDATE: on #EtherClassic #ETC 2/19/2021 Did #Breakout >Greater than $13.75ish, Did Pivot off of $13.25 (Support) Wants to be purchased >Greater than $15.80ish for the #Breakout? Trend = Up. Certainly wants to be purchased >Greater than $16.49ish for the #Breakout and continuation of UPtrend. $17.54ish super Long term Resistance.

BREAKOUT ALERT UPDATE: on #EtherClassic #ETC 2/26/2021 Nice price retracement down from $19.27ish (Resistance) to $9.20ish (Support). Certainly wants to be purchased >Greater than $12.26ish (Resistance). Higher High of everything and looks coiled to Pivot Point up >12.27ish? 

BREAKOUT ALERT UPDATE: on #EtherClassic #ETC 3/5/2021 Nice price retracement down from $19.27ish (Resistance) to $9.20ish (Support) = 50%ish price retracement. Always good when 50% price retracement, thus Higher High Support level at $10.48ish vs. $9.20ish, = Gann theory trade. $Certainly wants to be purchased >$11.75ish = Pivot Point. 

BREAKOUT ALERT UPDATE: on #EtherClassic #ETC 3/12/2021 Did Breakout >Greater than $11.75ish on light volume, #Altseason over for #ETC? Sideways consolidation, lets wait until big volume Breakout? Wants to retest Support? 

BREAKOUT ALERT UPDATE: on #EtherClassic #ETC 3/19/2021 Nice #Breakout >Greater than $11.75ish mentioned in previous post, to (Resistance) of $14.23ish, Nice one! Then the Retest of (Support) of $11.81ish, thus Higher High Support level and Higher High of everything. Certainly wants to be purchased >Greater than $12.49ish for the #Breakout. Nice MoMo with tighter trading range during sideways consolidation. 

BREAKOUT ALERT UPDATE: on #EtherClassic #ETCUSD 3/26/2021 Nice price retracement down from $12.50ish (Resistance), to $10.89ish (Support). No resistance to $12.50ish for a good upside trade? Volume sucks, #Altcoin season over for now?

BREAKOUT ALERT UPDATE: on #EtherClassic #ETCUSD 4/2/2021 Nice price #Breakout >Greater than $12.50ish (Old Resistance) mentioned in previous post, guess altseason wasnt' over yet, to $15.50ish (Resistance). Good volume on the #Breakout >$12.50ish, certainly wants purchased >$15.51ish for continuation of #Uptrendbreakout! $14.14ish = Higher High Support level. 

BREAKOUT ALERT UPDATE: on #EtherClassic #ETCUSD 4/9/2021 Nice price #Breakout >Greater than $15.51 mentioned in previous post up to $19.80 (Resistance). Higher High Support level of $18.17ish. Certainly wants purchased >Greater than $19.81ish for continuation of #Uptrend and additional #Breakout + Trend is Friend + "Never to High to Buy".

BREAKOUT ALERT UPDATE: on #EtherClassic #ETCUSD 4/16/2021 Huge  price #Breakout >Greater than $19.81ish mentioned in previous post up to $42.74ish (Resistance). Higher High Support level of $33.97ishish. Certainly wants purchased >Greater than $42.75ish for continuation of #Uptrend and additional #Breakout + Trend is Friend + "Never to High to Buy". Whew!

BREAKOUT ALERT UPDATE: on #EtherClassic #ETCUSD 4/23/2021 Nice #priceretracement down from $47.33ish (Resistance) to $27.70ish (Support), already nice relief rally up from $27.70ish, with not much upside Resistance $34.00ish for the #Breakout! Bilge pumps seem operational...time will tell

BREAKOUT ALERT UPDATE: on #EtherClassic #ETCUSD 4/30/2021 Bilge Pumps worked Great up from $28.35ish (Support), thus Higher High Support level in play for ETC! Not much Resistance up to $37.65, Certainly wants purchased >Greater than $37.66ish for the continuation of #upTrend trade and additional #Breakout! 29.41ish = Higher High (Support) level, up from $27.70ish mentioned in previous post = #UpTrend! 

BREAKOUT ALERT UPDATE: on #EtherClassic #ETCUSD 5/7/2021 Oh My! Certainly wants purchased >Greater than $37.66ish, mentioned in previous post pulled Jumbo Moonshot to $156.76 (Resistance)! New Lambo for all #Altcoingazette.com Readers! Your welcome! $113.23ish = Higher High (Support) level...Wants purchased >Greater than $156.77ish and $176.00ish for the #Breakout...Never to High to Buy! 

BREAKOUT ALERT UPDATE: on #EtherClassic #ETC #ETCUSD 5/14/2021 Very Nice and much needed #Priceretracement down from $150ish (Resistance) to $82.89ish (Support). $150ish - 50% = $75ish, thus #ETC pulls the 50% WD Gann 50% #Priceretracement trade, so time to nibble on #ETC at Support level? Already rally back to $104ish after tests support at $75ish...me like the 50% priceretracements, always tends to workout well in the future...time will tell. 

BREAKOUT ALERT UPDATE: on #EtherClassic #ETC #ETCUSD 5/21/2021 Huge #Priceretracement in #ETCUSD, down from $150ish (Resistance) to wick low of $40.00ish. $75.00 represents the WD Gann 50% #Priceretracement level! Between $40.00ish and $75.00 is the #Priceretracement "Buy the Dip" trade zone for #EtherClassic #ETC #ETCUSD. Lets see if $40.00 (Support) holds and #EtherClassic #ETC #ETCUSD has a "Double Bottom" price retest and the the Power Pivot back up? Certainly wants purchased >$74.00 for  the #Breakout! Time will tell. 

BREAKOUT ALERT UPDATE: on #EtherClassic #ETC #ETCUSD 5/28/2021 The $40.00ish (Support) mentioned in previous post held, then the Pivot Point #BearMarket rally trade back up to $82.40ish (Resistance) = Very Nice #Priceaction! Could retest $40.00ish (Support) level...lets see if it holds? $150ish Resistance to $40.00ish Support = Huge trading range. 

BREAKOUT ALERT UPDATE: on #EtherClassic #ETC #ETCUSD 6/4/2021 Very Nice #Priceretracement down to $60.67ish then the Pivot Point trade up to $71.21ish (Resistance)! Certainly wants purchased >Greater than $67.12ish and $71.22ish (Resistance) for the #Breakout trade! $62.86ish = Higher High Support! 

BREAKOUT ALERT UPDATE: on #EtherClassic #ETC #ETCUSD 6/11/2021 Very Nice #Priceretracement down to $51.91ish (Support), then the #PivotPoint rally upto $62.41ish (Resistance). Certainly wants purchased >Greater than $63ish for the #Upside #Breakout...as long as the $51.91ish Support holds...

#BearMarkets are just "Inverted" #BullMarkets!  
                 
                   
                   
                   



BREAKOUT ALERT UPDATE:
 
on #Uniswap #UNI Nice power pivot up from $1.80ish #UNIUSD

BREAKOUT ALERT UPDATE: on #Uniswap #UNI 11/28/2020 finds new support level at $3.25 Looks good in the #DeFi space.

BREAKOUT ALERT UPDATE: on #Uniswap #UNI 12/2/2020 finds Higher and Higher support $3.50 up from $3.25ish = Nice!

BREAKOUT ALERT UPDATE: on #Uniswap #UNI 12/11/2020 pulls back to support of $2.83ish, wants power pivot off of $2.83ish?

BREAKOUT ALERT UPDATE: on #Uniswap #UNI 12/16/2020 Higher High support levels now at $2.91 up from $2.83 = sideways consolidation. Resistance at $3.86 and then $4.20ish. 

BREAKOUT ALERT UPDATE: on #Uniswap #UNI 12/18/2020 Slow trend upward...Resistance @$3.96ish.

BREAKOUT ALERT UPDATE: on #Uniswap #UNI 12/24/2020 new support at $3.15ish, nice momo on pivot point.

BREAKOUT ALERT UPDATE: on #Uniswap #UNI 12/30/2020 Blows past resistance of $3.96 on Great MoMo!

BREAKOUT ALERT UPDATE: on #Uniswap #UNI 1/1/2021 Nice MoMo up to $5.22 resistance, $3.91 support + nice trade!

BREAKOUT ALERT UPDATE: on #Uniswap #UNI 1/6/2021 Nice #Breakout > 5.22 up to $6.60ish. Looks good with great MoMo!

BREAKOUT ALERT UPDATE: on #Uniswap #UNI 1/8/2021 $6.34 Resistance and $5.61 Support. Nice pivot off of $3.15.

BREAKOUT ALERT UPDATE: on #Uniswap #UNI 1/15/2021 Big winner in this space, Huge pivot off of $3.15, Up everything! $6.64 = Resistance and Higher High Resistance at $7.33ish, wants to be purchased = Trend = Up!

BREAKOUT ALERT UPDATE: on #Uniswap #UNI 1/22/2021 Nice price retracement to $7.10ish (Support) and $8.99 Resistance, wants to be purchased >Greater than $9.00ish for #Breakout.

BREAKOUT ALERT UPDATE: on #Uniswap #UNI 1/29/2021 Nice Higher High of everything, pulled a Great #Breakout >Greater than $9.00 posted above on 1/22/21. Never to High to Buy. $15.52 = Resistance for the continue of #upside #Breakout #Trend. 

BREAKOUT ALERT UPDATE: on #Uniswap #UNI 2/5/2021 Nice Higher High of everything + The Nice #Breakout >Greater than $15.52 = Resistance mentioned above ($15.52 = New Higher High Support. $21.60 = new Resistance level. Trend = UP...what else can we say, whew on #UNI up from $1.80ish, nice one.

BREAKOUT ALERT UPDATE: on #Uniswap #UNI 2/12/2021 Nice Higher High of everything + The Nice #Breakout >Greater than $21.60 = Resistance ($24.00 = New Higher High Support. $21.60 = Pivot Point  Trend = UP...what else can we say, whew on #UNI up from $1.80ish, nice one.

BREAKOUT ALERT UPDATE: on #Uniswap #UNIUSD 2/19/2021 Nice #Breakout rally to $23.39 (Resistance). Been a big winner up from $1.80ish mentioned above. Nothing wrong with a price retracement in #UNI. $17.92 = Higher High Support level. Certainly wants to be purchased >Greater than $21.90ish and $23.40ish for continued Upside #Breakout. 

BREAKOUT ALERT UPDATE: on #Uniswap #UNIUSD 2/26/2021 Nice Breakout up to $33.00ish (Resistance), now the price retracement to $18.20ish (Support), with Higher High Support level of $21.73ish. Trend is down from Resistance of $33.00ish, Certainly wants to be purchased >Greater than $25.00ish and $26.63ish for continuation of Uptrend, nice Pivot Point off of $21.00ish.  

BREAKOUT ALERT UPDATE: on #Uniswap #UNIUSD 3/5/2021 Nice Breakout up to $29.53ish (Resistance), from $18.20ish (Support), with Higher High Support level of $26.38ish. Did very well off of Pivot Points of $25.00ish and $26.63 mentioned in previous post. $28.40ish = Resistance, certainly wants to be purchased >29.00ish for continuation of #Breakout Trend.

BREAKOUT ALERT UPDATE: on #Uniswap #UNIUSD 3/12/2021 Nice Breakout up to $34.78ish (New Resistance), up from $29.00ish (Old Resistance) mentioned in previous post. Probing Support at $30.00, if it doesn't hold, next level of Support is $27.94ish. Certainly wants to be purchased >Greater than $34.79ish for the #Breakout? 

BREAKOUT ALERT UPDATE: on #Uniswap #UNIUSD 3/19/2021 Nice Pivot Point trade off of $30.00ish mentioned in previous post. #Breakout failed Greater than $34.79ish. Retests Support at $28.65ish, up nice certainly wants to be purchased >Greater than 33.91ish and $35.00ish on nice volume, buyers coming in >31.67ish! Nice one. 

BREAKOUT ALERT UPDATE: on #Uniswap #UNIUSD 3/26/2021 Nice trade >31.67ish to $37.00ish (Resistance). Then the price retracement to $26.50 (Support). Light volume. 

BREAKOUT ALERT UPDATE: on #Uniswap #UNIUSD 4/2/2021 Nice trade entry up from $26.50ish mentioned in previous post, Up to $29.40ish (Resistance). Certainly wants purchased >Greater than $29.41ish for the #Breakout, with no Resistance to $31.20ish, light volume + sideways consolidation in play, sit tight and wait for the High volume upside #Breakout >$29.42ish and $31.21ish? 

BREAKOUT ALERT UPDATE: on #Uniswap #UNIUSD 4/9/2021 Nice #Breakout >Greater than $29.41ish mentioned in previous post Readers, up to $32.40ish (Resistance), then the nice MoMo price retracement to $27.92 (Support). Certainly wants purchased >Greater than $30.04ish and $30.36ish for the #Breakout! I like the MoMo action on #UNI. 

BREAKOUT ALERT UPDATE: on #Uniswap #UNIUSD 4/16/2021 Nice #Breakout >Greater than $30.36ish mentioned in previous post Readers, up to $39.00ish (Resistance). Certainly wants purchased >Greater than $37.00ish and $39.01ish for the #Breakout! I like the MoMo action on #UNI.

BREAKOUT ALERT UPDATE: on #Uniswap #UNIUSD 4/23/2021 Big #Priceretracement to $38,20ish (Resistance) to $28.85ish (Support), then rally to $37.85ish (Resistance), then #priceretracement to $31.95 (Support), if Higher High Support level of $31.95ish holds, then Certainly wants purchased >Greater than $37.86ish for the #Breakout! Time will tell.

BREAKOUT ALERT UPDATE: on #Uniswap #UNIUSD 4/30/2021 $31.95 (Support) failed, then the #priceretracement to $30.10ish (Support), then the Power #PivotPoint trade up to $43.34ish (Resistance), now what? $39.68 = Higher High (Support) level, Certainly wants purchased >Greater than $40.72ish and $41.34ish (Resistance) for the #Breakout and continuation of #Uptrend and #Breakout! 

BREAKOUT ALERT UPDATE: on #Uniswap #UNIUSD 5/14/2021 Very Nice MoMo #Priceretracement down from $43.40ish (Resistance) to $35.56ish (Support), Now what? Certainly wants purchased >Greater than $40.63ish and $41.00ish for the #Breakout! Double bottom price retest at $35.56ish = very good + Large Cap = really good!

BREAKOUT ALERT UPDATE: on #Uniswap #UNIUSD 5/21/2021 Huge Jumbo  #Priceretracement down from $45.40ish (Resistance), to wick low of $16.50ish (Support). Anything between $22.70ish and $16.50ish is the "Buy the Dip" trade zone for #Uniswap #UNIUSD. Lets see if $16.50ish Support holds, then the "Double Bottom" price retest of such and then the Power pivot up from $16.50ish? Time will tell!

BREAKOUT ALERT UPDATE: on #Uniswap #UNIUSD 5/28/2021 The $16.50ish (Support) mentioned in previous post failed and then a lower low price retest of Support at $14.33. Ok here is the real story with #Uniswap #UNIUSD...the Pivot Point trade off of $16.50ish #BearMarket rally up to $29.77ish = Very Nice! $45.40ish (Resistance) to $14.33ish (Support) = Huge trading range! 

Could retest $14.33 (Support) and then go again? Time will tell Readers! 

Wants purchased >Greater than $29.78ish for the #Breakout! Lets see if Support holds?  

BREAKOUT ALERT UPDATE: on #Uniswap #UNIUSD 6/4/2021 Nice #Priceretracement to $22.18ish (Support), the the relief rally up to $29.21ish (Resistance)! $25.88ish = Higher High Support level, Wants purchased >Greater than $25.89 (Resistance) #Breakout trade!

BREAKOUT ALERT UPDATE: on #Uniswap #UNIUSD 6/11/2021 Nice #Priceretracement to $21.58ish = Lower Low Support level, then the #PivotPoint rally upto $25.11ish (Resistance). Certainly wants purchased >Greater than $25.12ish for the Upside #Breakout, as long as the Lower Low Support of $21.58ish holds = consolidation between $21.58ish and $25.11ish = Range bound between Support and Resistance. 

#BearMarkets are just "Inverted" #BullMarkets!

                 
                   
                 
                   
 
BREAKOUT ALERT UPDATE: 3/16/2021 #Cardano #ADA #ADAUSD Listed on UBAS at $1.17. Breakout Mode! 

BREAKOUT ALERT UPDATE: 3/19/2021 #Cardano #ADA #ADAUSD Readers watch #Cardano, lots of excitement recent listing on Coinbas!, so the the selloff from $1.87ish to $1.21ish (Support) Just give #ADA some...some very nice volume, certainly wants purchased>$1 .36ish for the #Breakout...easy now #ADA....

BREAKOUT ALERT UPDATE: 3/26/2021 #Cardano #ADA #ADAUSD Resets Lower Low Support level at $1.05ish, with decent pump to $1.26ish (Resistance). Trend is lower...lets wait until the High Volume #Breakout...and Resistance is at?

BREAKOUT ALERT UPDATE: 4/2/2021 #Cardano #ADA #ADAUSD = Sideways consolidation with light volume. $1.18 Higher High (Support) level, certainly wants purchased >Greater than $1.21ish and $1.22ish and $1.28 for the #Breakout? 

BREAKOUT ALERT UPDATE: 4/9/2021 #Cardano #ADA #ADAUSD = Fizzle for now...=ZZZZZZZZZZZZZZZZZZzzzzzzzzzzz?

BREAKOUT ALERT UPDATE: 4/16/2021 #Cardano #ADA #ADAUSD = Nice #Breakout >Greater than $1.28ish mentioned in previous, up to $1.5089ish (Resistance). Certainly wants purchased >Greater than $1.5090ish and $1.56ish for the #Breakout? Large cap + Higher High Support = Good! 

BREAKOUT ALERT UPDATE: 4/23/2021 #Cardano #ADA #ADAUSD Probes Support with downtrend and want to retest Support at $1.06 and then down bottom price retest and then pivot back up? Time will tell.

BREAKOUT ALERT UPDATE: 4/30/2021 #Cardano #ADA #ADAUSD $1.06ish mentioned in previous post = Nice #PivotPoint trade up to $1.406ish (Resistance), tighter trading range in play + Large cap crypto. Wants purchased >Greater that $1.407ish, Higher High (Support) at $1.329ish = Trend = Up! 

BREAKOUT ALERT UPDATE: 5/7/2021 #Cardano #ADA #ADAUSD $1.407 #Breakout worked well up to $1.73ish (Resistance), Wants purchased >Greater than $1.74ish for the Breakout! Large Cap = Good! Support @ $1.57ish...lets see if it holds during profit taking phase. 

BREAKOUT ALERT UPDATE: 5/14/2021 #Cardano #ADA #ADAUSD The >Greater than $1.74ish for the Breakout, mentioned in previous worked very good, up to $2.02ish (Resistance). Higher High Support level in play, thus Trend = Up, thus wants purchased. Wants purchased >Greater than $2.03ish for the #Breakout Readers...watch ADA...its a Large Cap! 

BREAKOUT ALERT UPDATE: 5/21/2021 #Cardano #ADA #ADAUSD #Breakout >Greater than $2.02 worked well up to $2.48ish (Resistance), then the Hugh Jumbo #Priceretracement down to wick low of $1.05ish (Support). The pullback numbers between $1.05ish and $1.24ish is the WD Gann 50% #priceretracement purchase zone for #ADAUSD, as long as $1.05ish (Support) holds. Time will tell if we have a "Double Bottom" price retest of #ADAUSD off of $1.05ish! 

BREAKOUT ALERT UPDATE: 5/28/2021 #Cardano #ADA #ADAUSD The $1.05ish Support mentioned held, with Higher High Support of $1.11ish, the #BearMarket rally to $1.813ish (Resistance) = Very nice Pivot Point trade! 

Could retest $1.11ish Support during #BearMarket phase...time will tell. Wants purchased >Greater than $1.814ish for the #Breakout! Lets see if Support holds? 

BREAKOUT ALERT UPDATE: 6/4/2021 #Cardano #ADA #ADAUSD Very Nice #Priceretracement down to $1.36ish (Support), then Nice relief rally up to $1.86ish (Resistance). $1.65ish = Higher High Support level. Certainly wants purchased >Greater than $1.87ish (Resistance).

BREAKOUT ALERT UPDATE: 6/11/2021 #Cardano #ADA #ADAUSD Very Nice #Priceretracement down to $1.45ish (Support). Currently in consolidation mode. We sit tight a sing the summer time consolidation blues...not to worry #Altcoinseason 2022 is  right around the corner in the crypto markets. $1.85ish is the #Breakout number...until >1.85ish = snorefest! 

#BearMarkets are just "Inverted" #BullMarkets!
                 
                   
                 
                   


5/21/2021 50% PRICE RETRACEMENT ALERT #AAVE #AAVEUSD pulls 50% #price retracement down from $668ish to $334ish! The 50% #Priceretracement is WD Gann's favorite price entry for a trading asset. Is $335 (Support) for #AAVE #AAVEUST?

BREAKOUT ALERT UPDATE: 
5/28/2021 #AAVE #AAVEUSD $335ish Support mentioned in previous post failed to lower low Support level of $236ish, then the Pivot Point #BaerMarket rally to $415ish (Resistance). Could retest $236ish Support level during a #BearMarket? Wants purchased >Greater than $416ish for the #Breakout! Lets see if $236ish Support holds? 

BREAKOUT ALERT UPDATE: 6/11/2021 #AAVE #AAVEUSD Higher High (Support) level is at $241ish. $415ish is the #Breakout number...as long as $241ish Support holds.  

 

#BearMarkets are just "Inverted" #BullMarkets! 

                 
                   

Binance Coin (BNB)

                 
                   

Dogecoin (DOGE) Listed on Coinbase.com = Excitement! 

                 
                   

XRP (XRP) Will it ever be relisted on Coinbase.com?

                 
                   

Polkadot (DOT)

                 
                   
                   
                   


Some would argue that all of this effort in finding the Support, Resistance and Pivot Points in the Crypto markets is really not necessary.

One could just Dollar Cost Average (DCA) the top 10 Market capitalization Cryptos, with a concentration in #Bitcoin #BTCUSD, say 70% Bitcoin and 30% the remaining nine 
Market capitalization Cryptos = Simple and a lot less emotions of fear vs greed, they may be correct? 

However it is exciting and "news worthy" to expirence the #Breakouts and Pivot Points in the crypto markets, to this end, the #Altcoingazette will still cover the news stories of the #Breakouts!

   

The Pivotal Point

Jesse Livermore wrote:

Whenever I have had the patience to wait for the market to arrive at what I call a Pivotal Point before I started to trade; I have always made money in my operations.

Livermore said:

“I never benefited much from a move if I did not get in at somewhere near the beginning of the move. And the reason is that I missed the backlog of profit which is very necessary to provide the courage and patience to sit through a move until the end comes – and to stay through any minor reactions or rallies which were bound to occur from time to time before the movement had completed its course.”

Jesse Livermore’s Trading Methods

At the heart of Jesse Livermore’s spectacular trading success was the skill he acquired as an eager 14 year-old, transferring stock prices from ticker tape to quote board – the skill of deducing the likely future movements of stock prices.

Livermore said:

“To invest or speculate successfully, one must form an opinion as to what the next move of importance will be in a given stock.

“Speculation is nothing more than anticipating coming movements.

“In order to anticipate correctly, one must have a definite basis for that anticipation.”

Livermore believed that if you thought a stock would move in a certain way, you should enter a trade as early as possible after the market had confirmed your judgement.


What Patterns Did Livermore Look For?

Jesse Livermore liked to trade stocks whose price was moving in an "obvious trend". He was not interested in stocks whose price showed small price changes with no strong trend.

The patterns he sought to identify were patterns in the prices. Modern traders – and indeed many traders in Livermore’s time too – plotted the prices and volumes against time on a chart. Jesse Livermore, however, did not use charts. He preferred to look at the numbers themselves. Livermore was a "Ticker Tape" reader.

He would look for signs that the new trend was behaving normally and that it would be safe to stick with the trade.

Jesse Livermore would look for the following signs:

• At the beginning of the move there should be an unusually large volume of shares traded.

• Prices should move generally in one direction (upwards or downwards) for a few days.

• A normal reaction should be observed – volume will decrease compared with the volumes observed during the initial trend, and the price may move against the trend somewhat.

• Within a day or two of the normal reaction, volume should increase again and the price trend should be resumed.

Provided this pattern is repeated, it is safe to stick with a trade. If there should be a deviation from the pattern, it is a warning sign. If the pattern fails and the price moves against the trend by more than a little, it is a sign to exit your trade and preserve your profit.



Jesse Livermore’s Trading Rules Adapted for Cryptocurrency 

Buy Rising Cryptocurrency and sell Falling Cryptocurrency.

Don’t try to trade every day of the year.

Trade only when the market is clearly Bullish or Bearish.

Trade only in the direction of the general market. TREND!

Co-ordinate your trading activity with pivot points.

Enter a trade immediately after the market confirms your opinion.

Continue with trades that show a profit, end trades that show a loss.

Sell when it’s clear that the trend is over.

In any sector, trade the leading Crypto showing the Strongest Trend.

Never average losses.

Never meet a margin call.

Go long when a Cryptocurrency reaches a new high.

Sell short at a new low.

Don't become an investor by holding Cryptocurrency whose price has fallen.

A Cryptocurrency is never too high to buy and never too low to short.

Markets are never wrong - opinions often are.

The most profitable trades are those that "show a profit immediately".

 

25 Jesse Livermore Trading Rules : Ultimate Guide To The Boy Plunger

In this post I take a look at one of the greatest traders of all time, Jesse Livermore. Jesse was famously profiled in the classic investing tome Reminiscences of a Stock Operator, a book that has been called the best trading book every written.

This is a long piece, clocking in at around 9,000 words and it covers all of Jesse’s most important trading lessons. The quotes are taken directly from the original book by Edwin Lefèvre.

Introduction to Jesse Livermore

Jesse Livermore was born in Massachusetts, in 1877. By the age of fifteen he went to work in Paine Webber’s Boston brokerage office where his job was to post the stock and commodities prices on the chalk board.

He studied the price movements of the stocks on the ticker boards and before long began to trade on their fluctuations.

When Jesse Livermore was in his twenties he moved to New York City to speculate in the stock and commodities market full time.

Over a time period of forty years of trading, Jesse developed an incredible skill for speculation and is said to have accumulated and lost millions of dollars several times over.

At the peak of his fortune, in 1929, Jesse was said to be worth around $100 million. It’s not easy to estimate but in today’s money, that would be worth somewhere between $1-14 billion.

But Jesse didn’t earn that money trading other people’s funds. He was a completely "self-made" man, trading with his own money and the type of returns he managed to make are unthinkable in today’s markets.

Jesse earned the nicknames of Boy Wonder, Boy plunger, and the Great Bear of Wall Street, and his story is one of the most fascinating ever told on Wall Street.

In 1923, a financial journalist named Edwin Lefevre interviewed Jesse and published a book on the trader’s life called Reminiscences of a Stock Operator.

To this day, the book remains a Wall Street classic and sits on the desk of many of the best traders in the world. The book is regarded as an essential read by such well known financiers as Ed Seykota, Paul Tudor Jones, and even former Fed Chairman Alan Greenspan.

Over the course of this guide we will look at Jesse’s best trading rules (as detailed in the famous book) and we will get right to the heart and strategy of the master trader.

1. Nothing new ever occurs in the business of speculating or investing in securities and commodities.

small picture of jesse livermore“Another lesson I learned early is that there is nothing new in Wall Street. There can’t be because speculation is as old as the hills. Whatever happens in the stock market today has happened before and will happen again. I’ve never forgotten that.”

What Jesse means is that the same market moves and patterns occur over and over again. Markets are run by people, which means the same patterns will always occur. Throughout history we have seen the same speculative bubbles and market crashes time and time again. From the South Sea Bubble, to Tulip Mania, to the depression, to the 2008 credit crisis.

These crashes and bubbles are just an inevitable feature of the markets.

Sure, computers and algorithms play a much bigger part now but always remember that computer algorithms are built by humans in the first place. And often, when a major market event takes place, the computer programs are programmed to turn themselves off.

Jesse Livermore lived through the Great Depression and saw some of the most difficult trading conditions ever seen. Still, he was able to create massive fortunes trading volatility and trends.

Even if no day is ever the same, Jesse Livermore knew that markets and market patterns repeat themselves and investors act out the same behaviors year in year out. By recognising this, you can be start to believe in your ability to learn and adapt to the swings of the market.

2. Price moves along the line of least resistance.

small picture of jesse livermore“You watch the market — that is, the course of prices as recorded by the tape with one object: to determine the direction. Prices, we know, will move either up or down according to the resistance they encounter. For purposes of easy explanation we will say that prices, like everything else, move along the line of least resistance. They will do whatever comes easiest, therefore they will go up if there is less resistance to an advance than to a decline; and vice versa.”

This is probably the most important rule for any trader to learn. Because it really simplifies the entire trading process. It says, don’t think about the market too deeply, don’t over think things. The market will go where it wants to go and your best bet is to try and go with it.

Trading a security is always a battle between the bulls and the bears, so it doesn’t matter what you think about the market, if there aren’t enough buyers the market will go down and if there aren’t enough sellers the market is going to go up.

That’s how simple it really is.

Livermore’s talent was to watch the market for long enough until he had a feel for where the market would go next. He tried to get a feel for where the support was and where the resistance was. Or in other words where most of the buyers were and where the sellers were. If there were fewer buyers than sellers he’d look to go short, and if he thought there were more buyers he’d look to buy.

A good way to visualize this concept is to take a look at a short-term chart, like a 10, 30, or 60 minute. So take this chart of the euro dollar currency pair for example which is a 60 minute chart:

eurusd currency chart

You can see how the price is constantly moving around. Buyers and sellers continuously fighting over control. Then at some point, one side will take over, and you’ll see the price shoot in one direction. In this case down, as euro sellers overpower the euro buyers.

In stocks, you can see the volume bar too, so when the buyers overpower the sellers the market shoots up and the volume bar is colored green.

Stops get hit, traders revers positions and all of a sudden you see huge momentum. Traders will then latch on to this momentum and the trend will continue even further, meanwhile traders on the wrong side of the best will cut their losses, again exaggerating the trend further.

The market finds support and it goes up, it finds resistance and it goes down. It’s this constant meandering that takes place all the time in the markets.

The price takes the path of least resistance always.

3. Don’t try to catch all the fluctuations: This is a bull market

small picture of jesse livermore“I think it was a long step forward in my trading education when I realized at last that when old Mr. Partridge kept on telling other customers, “Well, you know this is a bull market!” he really meant to tell them that the big money was not in the individual fluctuations but in the main movements that is, not in reading the tape but in sizing up the entire market  and its trend.”

In reminiscences of a stock operator Jesse Livermore spoke of an old and wise trader in the office called Mr. Partridge, who they also called Old Turkey.

Old Turkey never traded off tips and he never handed out tips, but the other traders would often go to him to ask him on advice of what to do. But his reply would always be the same : This is a bull market, or, this is a bear market.

In other words, you have to always trade with the prevailing trend. You can’t try and catch all the fluctuations. If you do, you’ll go broke.

Here’s a monthly chart of the S&P 500:

S&P500 monthly chart

You can see that the clear trend is up. This is still a bull market.

But you get so many traders trying to pick all the tops and bottoms. They want to sell here, buy here, sell here, buy here. Trying to buy into all of the dips and sell the tops.

But no-one alive can time the market like that, and if you try you just end up spending more and more on commissions and trading costs.

The solution is simple. If this is a bull market you should be long, if this is a bear market you should be short.

And as Mr. Partridge used to say, once you sell your trade you lose your position. If you want to be long and you are long, never sell your position in order to buy it back on a reaction.

4. You don’t have to trade

small picture of jesse livermore“After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this:  It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!”

“Men who can both be right and sit tight are uncommon. I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money.”

Money cannot consistently be made trading every day or every week during the year. So if you have losing periods, never feel too bad, because they will always come.

If you’ve got a winning trade, the best decision is often to do absolutely nothing and just sit tight.

As long as the stock is acting right, and the market is right, do not be in a hurry to take profits. That’s another direct quote by the way. Most of the time, you’ll make way more money just sitting tight and waiting for the trade to develop.

So never feel like you have to make a trade and never search for action in the market. Rather, let the opportunities come to you, so that when they are presented, the opportunity is so good you simply have to make the trade.

You can see this clearly in the chart. This one is for gold. There are plenty of days when an opportunity just doesn’t present itself.

Maybe it’s a public holiday or maybe there just isn’t any news on the calendar. You’ve got these tiny trading ranges, these small bars where there just isn’t enough price movement to make a profit.

When you trade these quiet days, it can be really frustrating because you’ll end up buying a breakout, selling a breakout but just getting chopped up.

So on days like these, when you think it’s going to be a quiet day in terms of trading, maybe there isn’t anything on the calendar, or maybe Europe is on holiday, then you want to really scale back your profit targets. Or even take the day off completely. Again, you’re going to save yourself money in the long run if you just wait for the opportunities to present themselves to you not the other way around.

5. Good trades move into profit quickly

small picture of jesse livermore“Experience has proved to me that real money made in speculating has been in commitments in a stock or commodity showing a profit right from the start.”

For trend traders, unlike contrarian investors or mean reversion traders, the best trades often move very swiftly into profit. There’s a good reason for that, because you’re often buying into strength or selling into weakness. You’re often trading right after the point of least resistance so you’ll likely going to see that momentum continue for a period.

And you can see this, too, in countless charts, like this one for WTI crude oil.  This is a weekly chart:

oil weekly chart

And you can see that once price breaks through an important level it will just go and go and go. If you were short when the key $90 level broke your position would have moved more or less straight into profit and it would have just kept moving down and down.

The best trades will often move straight into profit. So if you do trade a breakout and it pulls back, and you find that you’re waiting around, then that’s probably the first sign that you might have to cut your losses.

6: Practice makes perfect

small picture of jesse livermore“It is literally true that millions come easier to a trader after he knows how to trade, than hundreds did in the days of his ignorance.”

The curious thing about trading is the old statistic that is always being mentioned about 95% of all traders losing money. And while there is truth to this statement it does not fully reflect the situation. Because, most of those 95% are not trading they are gambling. And if you set aside the minority of informed traders who are adequately capitalized and have learnt the discipline and skills needed to trade, then this statistic starts to change.

For these people (the informed traders) trading has become a craft and a way of life. When you reach this very high level, trading becomes not as difficult as people make out.

7. There is only one side to the stock market: the right side.

small picture of jesse livermore“It takes a man a long time to learn all the lessons of his mistakes. There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”

Jesse Livermore knew a lot about mistakes because he made several. He was a self-made man trading his own money and building a fortune but he lost a lot of money too. So every lesson he learnt he learnt the hard way.

Which is why, all this talk of whether you are bullish or bearish, it doesn’t matter all that much. You have to listen to what the market is telling you. And the right side is the side that the market is moving in.

Many commentators will say we’re about to move into a bear market or we’re about to see a bull market, but those predictions are useless until we are actually in it.

Take an example. In 2011, the stock market had risen nearly 100% from it’s 2009 low. Yet you still had some commentators saying that we were still in a secular bear market, and that the rally was a pullback from the long-term downward trend. Even today, there are some investors who claim we are still in a secular bear market.

These guys have been saying for years that we are still in a bear market. They’ve probably been trading the wrong side all this time and they continue to trade on the wrong side even though the market keeps rallying.

It’s a simple rule to master, which is to follow the market, don’t try to predict it. Be on the right side of every trade you place, long or short.

8. Don’t trade too large or risk too much

small picture of jesse livermore“If you can’t sleep at night because of your stock market position, then you have gone too far. If this is the case, then sell your position down to the sleeping level.”

In reminiscences of a stock operator Jesse Livermore recalls a conversation between two friends where one of them can’t sleep at night because he was carrying so much cotton.

He had a huge position in cotton futures, too big than he could handle and this was causing him undue stress and panic, so much so that he had trouble sleeping at night.

You see, the problem is, if you trade too heavily every little movement in the security gives you undue stress. Which it wouldn’t normally.

And of course this will also depend on how much capital you have and how much you’re willing to lose.

When you trade too heavily, you risk blowing up your account and losing all of your trading capital. And if you trade on margin, and without stop losses, you can end up losing even more than you have in your account.

So one key sign that you’re trading too heavy is that you have difficulty sleeping and you feel jittery when you have a trade on. Every movement is amplified and it becomes difficult to make the right decision.

That’s why it’s better to keep risk small so you can sleep easily at night. Ed Seykota likes to say that you should trade small enough that you won’t go broke but large enough to make it worthwhile.

Most traders recommend using just 1% or 2% of your trading capital when you place a trade. But it will depend on the type of strategy you trade. So spend some time with your strategy and work out the risk level that works for you.

9. Other investors may be irrational

small picture of jesse livermore“He will risk half his fortune in the stock market with less reflection than he devotes to the selection of a medium-priced automobile.”

We have seen time and time again how investors have behaved in irrational ways and you only need to look at the various booms and busts to realize that the market is not efficient all of the time. You may even have observed this in your own trading. Maybe you sold a trade at precisely the wrong time, even though you knew it was the wrong thing to do. Or maybe you took your profits too early, even though your plan was to hold on for much more.

When investors are this irrational it is for the informed trader to take advantage. And one way to do that would be study the effects of behavioral finance, amongst other things.

10: You can’t tell till you bet

small picture of jesse livermore“Pat Hearne made money in stocks, and that made people ask him for advice. He would never give any. If they asked him point-blank for his opinion about the wisdom of their commitments he used a favorite race-track maxim of his: “You can’t tell till you bet.”

In the book, Jesse Livermore spoke a bit about a professional gambler called Pat Hearne.

Pat would treat the markets like a roulette or blackjack game and make a series of calculated bets looking for small, sure wins. He would sell whenever the stock dropped back by just 1 cent.

This was a sensible approach to trading that also had a big influence on Jesse Livermore and his trading rules.

In essence, Jessie realized that you can’t judge a market until you are in it. This is why Jesse would buy a little bit of the market first of all to test the water. If the trade felt good, and the stock moved as he liked, he’d add a little bit more, gradually building up a bigger and bigger line.

This is how you make the most amount of money from the big trends. If price follows the line of least resistance you go with it and keep building.

Of course, this is the opposite to what most traders do. Most traders accumulate shares on the way down. They see that their trade is losing money, but they still believe that they’re right, so they buy more and try and reduce their cost base. This causes them to average in to losses and they end up building a huge losing position that causes considerable pain.

The market is saying that it’s not ready to go in that direction and you can’t force it.

It’s much better therefore, to wait for the market to tell you where it wants to go. Jesse would always accumulate his position on the way up, often trading at brand new highs.

He’d start by buying one-fifth of his full line. If the market did nothing, then he’d wait. If it showed him a loss he’d get out and if it started to go up, he’d assume that he was trading in the right direction and he’d add another contract. If it went up again, he’d add a bit more and a bit more again and so on, slowly building up his full position.

small picture of jesse livermore“What I have told you gives you the essence of my trading system as based on studying the tape. I merely learn the way prices are most probably going to move. I check up my own trading by additional tests, to determine the psychological moment. I do that by watching the way the price acts after I begin”

This way you bet big only when you win, and when you lose, you only lose a small exploratory bet. Once the real move starts, and the big trend kicks in you can make the large profits extremely quickly and easily.

11. In a bear market all stocks go down and in a bull market they go up.

small picture of jesse livermore“I never hesitate to tell a man that I am bullish or bearish. But I do not tell people to buy or sell any particular stock. In a bear market all stocks go down and in a bull market they go up.”

This is another problem that many traders have. Namely, they try and short stocks in a bull market or buy stocks in a bear market. And they forget that the most important thing is the overall trend in the market.

This is clearly visible in any chart that you can compare with the broader stock index. Try finding a stock that went up in 2008, for example and you will have a very difficult job. Likewise, try and find a stock that went down in the fierce bull market of 2009 and you will have a lot of trouble.

There is incredibly high correlation between all stocks. And that correlation gets even stronger during a significant market event like a crash.

In fact, during extreme market events, it’s not just stocks that all go down, nearly all markets can go down together.

In the 2008 crash, we saw stocks, commodities, real estate, gold all go down together. The only markets left standing were safe havens like US treasuries and the US dollar. But it won’t always be like that, because every situation is different. Next time we might well see a situation where the US dollar goes down as well.

But the key point is to know the type of market you’re in. Is this an early stage bull market, or a maturing bull market. Or are we in a bear market or ranging market?

There’s little point attempting to short stocks in a bull market and there’s little point buying stocks in a bear market. It doesn’t matter which individual stocks you’re talking about, it’s just a bad strategy.

And on a similar note, Jesse would say that you should look for the main stocks that are leading the market. And if you can’t make money out of the leading active issues, you are not going to make money out of the stock market as a whole.

So think about which stocks are being heavily traded, which are moving the most and making all the headlines. These are often the best stocks to focus on for trend traders, as they show the best movement. And if you can’t make money on these leading stocks, then chances are the overall market might be deteriorating, and if that’s the case you should probably reduce your exposure and size.

Having said that though, Jesse would say that you should never become completely bearish or bullish on the whole market just because one stock – in some particular – has plainly reversed. Even if it is one of the leading issues.

It just isn’t enough to suggest any omen for the future. There are any number of reasons why the stock may have moved and you can’t make a judgement on the whole market by the actions of one individual stock.

12. In a narrow market wait for a break-out

small picture of jesse livermore“In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be. The thing to do is to watch the market, read the tape to determine the limits of the get nowhere prices, and make up your mind that you will not take an interest until the prices breaks through the limit in either direction.”

Jesse Livermore was an expert at reading the tape. Gauging market sentiment and predicting where the market might head next.

In a bull market, the best place to be is already long and in a bear market the best place to be is already short.

But, of course, markets sometimes consolidate and they go sideways for periods. During these times, the market range can narrow, price action can get choppy. And when that happens, the best plan of action is to just sit back and watch.

These are not good periods for trend traders so it’s useful to look around for different markets to trade. Trends do not always occur, and perhaps they only occur 30-40% of the time. However, you can always find a market somewhere that is trending.

Again, we can see this clearly on the charts.

The S&P 500 has been in a trading range for most of 2015, so has the Dow, so has the Nasdaq and so have most of the European stock markets.

GBP/USD has been in a range, silver has been choppy and so has the euro.

But there are plenty of markets that have been trending. Coppers has been trending down steadily, platinum has been trending down, and the US dollar has been trending up. Amazon has been going higher and higher.

One of the tricks is to find the best trending markets and join them on their journey.

range of futures markets

So if you have a range trading market, it’s actually a good opportunity, because you know where the breakout can happen.

So the range trading markets are good to keep an eye on. You can watch them, plan your trade and wait for an explosive breakout.

13. Never argue with the tape

small picture of jesse livermore“I don’t know whether I make myself plain, but I never lose my temper over the stock market.  I never argue with the tape.  Getting sore at the market doesn’t get you anywhere. Markets are never wrong, opinions often are.”

There are many traders who take out their losses and negative emotions on the market itself, which, when looked at objectively, is ridiculous.

Traders treat the market as if it is human, as if it has a personality. But of course it has neither.

If you get stopped out of a trade and you show a loss, or if the market doesn’t act how you expected it to, it is not the market’s fault. The market isn’t wrong. The market is never wrong, only opinions can be wrong.

Some traders might think that we have hit a short-term top in the stock market, some might think that oil is far too low at this price. Some might say that gold is forming a bottom and will soon rally to new highs.

But the truth is that the market will go where it has to go. Only the market can prove who is right and who is wrong.

If you follow the trend and forget about making predictions, just follow prices, you can stop blaming the market and just go with the flow. You’ll stop being angry at missed trades and you’ll trade in a much more relaxed and effective way.

You just need to watch the tape and act accordingly. Never fight the tape.

14. Hope for profits and fear losses

small picture of jesse livermore“Instead of hoping he must fear and instead of fearing he must hope. He must fear that his loss may develop into a much bigger loss, and hope that his profit may become a big profit.”

If there is one rule that is key for following trends in the market it’s this. It’s the equivalent to cutting losses short and letting winning trades run. That’s how you let trends develop and how you build the big profitable positions.

So when you place a trade, and maybe you start off with just a small position, you want to fear that that trade will turn into a small loss. You fear losses and if they occur you cut your position and you wait for another opportunity.

On the other side, you place a trade and you hope for the market to go your way. And you want to hope that it keeps going and going in your direction, allowing you to build your position and keep making money.

The profits available from long term trends are frequent enough to provide plenty. You can see it on almost any chart. Look at the huge bull markets in stocks, between 2009 and 2015 and in the 1990s and 1980s. Look at the huge 30-year bull market in bonds. The long trends in currencies and commodities.

If you fear losses and hope for more profits, you’ll be acting in the right way.

15. Don’t trade for the thrill

small picture of jesse livermore“The desire for constant action irrespective of underlying conditions is responsible for many losses on Wall Street even among the professionals, who feel that they must take home some money every day, as though they were working for regular wages. Remember this: When you are doing nothing, those speculators who feel they must trade day in and day out, are laying the foundation for your next venture. You will reap benefits from their mistakes.”

Once you realize the cost of trading and the benefits of being able to sit tight in a market you learn a valuable lesson.

Once you’ve learnt this lesson, you can look at all the other investors on Wall Street and realize how they are actually helping you in your quest.

They’re all trading in and out of the market, every day racking up huge commission fees and losing money. This reveals the opportunity for you to take advantage of. By sitting on your hands and waiting for the profits to roll in, by only making calculated bets.

Always trade according to the trend and according to your plan.

The desire for action will be strong but you need to resist. Because that is the gambling mindset. The professional trader mindset simply sits tight and waits for the opportunities to come to him.

Remember that when you trade, you don’t only pay a fee to your broker and a commission but you pay the spread too.

small picture of jesse livermore“There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. No man can always have adequate reasons for buying or selling stocks daily–or sufficient knowledge to make his play an intelligent play.”

The Bid: Ask spread, means that you can only buy at the best ask price (slightly above the market) and only sell at the best bid price (slightly below the market).

It is this spread that makes money for the market maker but it works against you every time you trade, so that every time you trade you start out with an inevitable small loss.

This is the cost to trade and to overcome it you first need to stop trading for action alone. Trade the trends and wait for the opportunities. There is always an opportunity around the corner.

16. Don’t listen to tips

small picture of jesse livermore“If I buy stocks on Smith’s tip I must sell those same stocks on Smith’s tip.  I am depending on him.  Suppose Smith is away on a holiday when the selling time comes around? A man must believe in himself and his judgement if he expects to make a living at this game.  That is why I don’t believe in tips.”

Jesse Livermore didn’t believe in tips and neither should you. For a number of reasons. You should do your own research, do your own analysis and only take trades according to your own plan.

First of all, you don’t want to take a tip from a broker, because a broker might have a conflict of interest. A broker, for example, wants you to trade as often as possible. She wants you to keep trading in and out because that’s how she earns her commission.

So, the ideal customer for a broker is someone who trades all the time but doesn’t go broke. Plus, if your broker was that good at trading, she would be a professional trader instead of being a middle-man/woman.

Second of all, if you get a tip from someone, you have no idea what their intentions are. That person may have bought the stock at a much lower level, or they may have already hedged it with another trade. They probably haven’t told you about their exit strategy either and if they go awol you’ll be stuck with a position you don’t know what to do with.

So this is another timeless piece of advice. Never follow tips or rely on anyone else to do your trading for you.

17. Never be afraid to take a loss

small picture of jesse livermore“Losing money is the least of my troubles. A loss never troubles me after I take it. I forget it overnight. But being wrong – not taking the loss – that is what does the damage to the pocket book and to the soul.”

Jesse Livermore’s biggest mistakes, the ones that caused him to lose thousands and millions of dollars in profits, did not come from taking the wrong trades or from taking small losses, they came from not taking a loss when it was still small.

In other words, by leaving the loss and not cutting it short, the loss was able to grow and grow, until it was too big and too painful to let go of. Those are the decisions that cause huge losses to capital and confidence.

Jesse goes on and talks about two trades he had, one in wheat that showed a profit and one in cotton that showed a loss. Like many traders, he took the profit in wheat but held the loss in cotton hoping it would turn around. But of course, it did the opposite.

The wheat kept on going in the right direction and would have made an even bigger profit. While the cotton kept dropping and the loss just got larger and larger.

small picture of jesse livermore“I did precisely the wrong thing. The cotton showed me a loss and I kept it. The wheat showed me a profit and I sold it out. Of all the speculative blunders there are few greater than trying to average a losing game. Always sell what shows you a loss and keep what shows you a profit.”

So it’s clear. Never be afraid to take a loss, especially when the loss is small and the trade is not working out. Abide by this simple rule and hold your winning trades for longer than your losing ones.

18. Wait for price action to confirm your opinion

small picture of jesse livermore“Don’t take action with a trade until the market, itself, confirms your opinion. Being a little late in a trade is insurance that your opinion is correct. In other words, don’t be an impatient trader.”

Often, traders get cocky.

They think they have the market figured out and they know what it’s going to do next. Maybe they’ve done a few hours of research and they’re convinced the market’s about to rally. Then they go ahead and trade straight away. They’re impatient and greedy. They want the market to do as they say, and they want to squeeze out every last cent.

But the market doesn’t behave that way. It goes where it goes and when you force a trade you end up on the losing side.

It’ far better to wait for the price action of the market to confirm your prognosis.

If you think the market will rally, then wait for it to go up a little, and then you can get in. If you think the market will fall, then wait for a signal first. Being a little late will cost you a few extra points but that will be nothing if you’re able to capture the much larger trend. And it will prevent you from trading in too many choppy, whipsawing markets.

Another thing traders do is they get fearful and impatient.

They see that the market is inching up to a breakout point and they convince themselves that the market is so strong that it will break through with ease. They then think that it would be a good idea to buy just before the breakout. That way they’re going to get into the trend a couple of points early and that will save them money.

Of course, this strategy is the wrong one. Because all too often, the market will inch right up to the breakout point and then it will fall back. It’s this resistance that causes there to be a channel in the first place. It’s waiting for the price action to confirm the trade that will lead to the biggest trends and the biggest profits.

19. Never average losses

small picture of jesse livermore“It is foolhardy to make a second trade, if your first trade shows you a loss. Never average losses. Let this thought be written indelibly upon your mind.”

We have spoken already that it’s important to cut losses short and let profits run and to never be afraid to take losses.

But it’s equally important to drill home the point that you should never average losses either.

Averaging losses simply means adding to a losing trade.

So, for example, say you bought $1000 worth of stock at a price of $10 a share and that stock then falls to $8. You’re currently down 20% and showing a loss of around $200.

Well, some traders will buy again to average down their entry price. So let’s say you buy another $1000 worth at $8. So you’ve now got $2000 invested at an average price of $9. So now your break even price has changed to $9 per share.

This sounds ok in theory but this is a concept that has led to thousands of blown accounts and millions of dollars of losses.

Because once a stock falls to $8, it’s just as likely to keep falling, and if you keep averaging in, your losses will grow larger and larger.

In fact, it was this kind of approach that led to the collapse of Barings Bank caused by rogue trader Nick Leeson.

The easiest way is to trade with the trend, you add to winning positions not losing positions and this means you manage your risk along the way instead of increasing risk and going against the trend of the market.

20. Don’t try and pick the turns

small picture of jesse livermore“One of the most helpful things that anybody can learn is to give up trying to catch the last eighth – or the first. These two are the most expensive eighths in the world. They have cost stock traders, in the aggregate, enough millions of dollars to build a concrete highway across the continent.”

If you want to try and pick the turns successfully you’re going to have a lot of difficulty and you’ll experience a very low win ratio. Simply because it’s almost impossible to pick the turns precisely and come out ahead.

If you trade this way you might lose 9 times out of 10 and undergo a lot of stress and pain in the process.

The easier way is to do what Jesse Livermore did and that is to forget about picking the turns. Don’t even think about looking for the tops or the bottoms. As Jesse Livermore says, the first and the last eighth are the most expensive in the world.

It is far easier to wait for a stock to turn and then catch it as it is already going up. Likewise, once a market has peaked and has already turned down, that’s the time to short it. You wait for the trend to turn in your favour, so that you are sure that the momentum has changed and then you go with it.

In this way, you always buy into strength and you always short into weakness.

This almost goes against human nature but it’s the way trend traders make their money.

21. Prices are never too high to begin buying or too low to begin selling.

small picture of jesse livermore“Never buy a stock because it has had a big decline from its previous high and never sell a stock because it seems high-priced.”

If you take the time to look over any stock, you’ll find that prices trend, that is a fact of the markets that you can rely on. And it’s a principle that trend traders have been taking advantage of for years.

And you can just go through any number of charts to see that this is the case.

Effectively, trend traders can ignore the exact price levels. They simply must focus on the direction of the trend and the strength of the momentum. Finding a strategic way to follow these trends is perhaps the most useful path to take.

So, you should never avoid a stock because the price looks too high or too low. If you do that, you’re bound to miss out on some of the biggest multi-week trends.

Take a look at a stock like Apple. You can see on a long-term daily chart that this is a stock that has made literally thousands of new highs. Here’s the stock on a monthly chart which shows the extent of the price rise:

apple stock monthly chart

If you thought the stock was too high in 2010, you’d have been kicking yourself in 2011. And if you thought the stock was too high in 2011, you’d be cursing yourself in 2012. And so on. If you never buy a stock when it’s making new highs you’re likely going to miss out on all of these big potential gains.

Along the same lines, once you buy a stock, don’t just sell it because it looks high-priced. As we’ve seen with Apple and other examples, the stock can keep going up and up and up. Rather, it’s better to wait for the trend to change, so the correct time to sell is when the stock has turned downwards.

Likewise, you shouldn’t buy a stock after it has declined from it’s previous high. At least not without testing the strategy thoroughly first.

This is one of the biggest mistakes for beginning trend followers. Instead of buying a stock or security at a new high, they wait for the market to pull back. But this doesn’t work too well a lot of the time.

All too often, the best trades will never offer you another opportunity to get in at a lower price, so you have to take the trade when it first appears.

The trades that do pull back and give you a chance to buy in, those are often the ones that keep going south after you’ve made the buy. They’re often the bad trades. They’re among the 60% of trend trades that typically fail.

There’s usually a fundamental reason why the stock has fallen and that’s why it will probably keep going lower or trading sideways for an extended period.

22. It is not good to be too curious about all the reasons behind the price movements.

small picture of jesse livermore“you must have an open mind and flexibility. It is not wise to disregard the message of the tape, no matter what your opinion of crop conditions or of the probable demand may be. I recall how I missed a big play just by trying to anticipate the starting signal.”

In my opinion, this is another key rule and statement from the master trader, Jesse Livermore.

You shouldn’t get caught up trying to understand why a market is doing what it’s doing.

The financial news, reported on sites like Bloomberg and CNBC, will always have a reason for why the market did this and why the market did that, but 90% of the time these reasons are just made up statements, made after the fact.

Financial reporters have a job to do, which is to report on the market. Every single day.

Even when the S&P 500 has finished exactly where it started, a reporter at Bloomberg will discuss the day’s events and find some reason for why the market did what it did.

For example, the other day the S&P 500 went up by 0.56%. According to Bloomberg News, this was due to a better than expected housing number and some potential merger discussions in the technology space.

But is this the real reason why the market went up today?

Most likely, the answer is no. A more accurate answer would be that the market went up today because there were more buyers than sellers over the duration of the session. The market is essentially pretty random on any given day and it follows the path of least resistance.

But of course, you cannot repeat this kind of statement every day because no-one would read it. It’s extremely dull. So reporters must think of ways to explain the movement.

But as I said, 90% of the time, you cannot fully explain daily price movements. Therefore it pays to largely ignore the financial news. This is especially true on quiet days when there are very few important economic releases.

You should also stay flexible when you do have a trade. Because you cannot think too deeply about the underlying issues or you will likely stay with a trade too long or get out too quickly.

I’m not saying that you can never explain market moves. Some of the time, there will be a major event that you can explain. 100%.

For example, the Swiss Franc didn’t soar 30% in January for no reason. It did so because the Swiss National Bank took away the exchange rate peg to the euro.

And the stock market didn’t drop 40% in the 2008 bear market for no reason. It fell because the financial system was in danger and the global economy was moving into a deep recession.

But even though these major market events can be explained, it does not follow that you can easily predict them.

Even if you can predict them, timing them becomes the next biggest hurdle.

For instance, there were many smart people who predicted the 2008 crisis. Commentators like Jim Rogers, Nouriel Roubini, Marc Faber, John Paulson and many others all knew that the property market was forming a bubble and that the banks were over-leveraged.

But few were able to time the bear market well enough in order to take full advantage. Jim Rogers had been bearish on the market since around 2004, so it took years before the market finally proved that he was right. John Paulson made billions betting against risky mortgages, but he had to endure at least a year of lack luster returns before the majority of his winnings came to fruition.

So, in general, you may be able to explain the larger market moves but predicting them and timing them is a completely different matter.

When it comes to daily, short-term movements, there is almost no way to predict what happens. Unless you can gain access to the complete order book that shows how traders are buying and selling and even then it is not easy because of dark pools.

Just remember that the market will always take the path of least resistance, so don’t think too deeply about why it is doing what it’s doing. Just remember to go with the flow. Keep your risk managed and place your bets according to the trend and your plan.

23. Don’t be controlled by your emotions.

small picture of jesse livermore“The human side of every person is the greatest enemy of the average investor or speculator. Fear keeps you from making as much money as you ought to. Wishful thinking must be banished.”

In trading, there are possibly three things that are most important. The direction of the trend, conservative risk management, and psychology.

The direction of the trend tells you how to bet. And your money management rules should tell you how much to bet. But psychology is the final piece of the puzzle that makes everything come together.

Because if you don’t have the right mindset in the first place, you’ll find it extremely hard to follow trend trading rules.

The trend trading philosophy or concept is one that has shown to be successful over many years. But the difficulty is that it does not always sit well with the human mind.

First of all, correct trend trading tells you to go against what comes naturally.

Instead of buying a market when it has pulled back and looks cheap, you must buy when the market is strong and looks expensive. And you must short when it is weak and almost looks as though it couldn’t go any lower.

And instead of selling a stock near it’s high, when you’re making a nice profit, you must wait for it to turn around and to start going the other way. In effect, potentially giving up some of your profits.

And when you have a losing position, instead of waiting for that position to get to break-even or make a small profit, you must take the loss, cut it short and look for a new opportunity.

Of all the problems associated with trend trading, cutting losses short and letting winning trades run is perhaps the most difficult for traders to overcome.

Because there is scientific evidence into the human mind that shows how investors fear losses by a much greater margin than they enjoy winnings.

According to Daniel Kahneman, we fear loss twice as much as we relish success and this makes it hard for us to take risks.

In trading, this means that we will do anything to avoid taking a loss. But this doesn’t work for trend following, because successful trading of trends entails taking many small losses, all the time, and paying for them with a few, much bigger winning trades. If you don’t do this, your loss will turn into a bigger loss and your winning trades won’t be given the room to turn into huge profits.

This is the psychological lesson that Jesse Livermore’s trading rules teach and which all trend traders must learn.

Fear will stop you from cutting your losses early and it will make you take your profits too quick. Once you can realize this, you will be on your way to successful trend trading, and aligning yourself with the natural ebb and flow of the markets.

And, human impulses can work against you in other ways too.

For example, another way is how we handle boredom. As humans, we dislike boredom, we like to keep busy and we like to work hard for our money. But again, this can work against us in trading. Because if you’re bored, you are more likely to trade, and you’re more likely to seek out trades rather than letting them come to you.

By trading too much, you spend too much on commissions and you lose money. So again, successful traders must ignore their human impulses to trade too much or all the time.

small picture of jesse livermore“It sounds very easy to say that all you have to do is to watch the tape, establish your resistance points and be ready to trade along the line of least resistance as soon as you have determined it. But in actual practice a man has to guard against many things, and most of all against himself — that is, against human nature.”

Overall, if you have problems with this third component, psychology, you will find it hard in the markets. Jesse Livermore paved the way, winning and losing many millions and he learnt the hard way that the human mind is your greatest asset and greatest enemy.

But you can teach yourself discipline and learn to ignore your human impulses. With time, you can start to trade with a clear and logical mindset, one that follows the trend following maxim.

24. One should never permit speculative ventures to run into investments.

small picture of jesse livermore“The money lost by speculation alone is small compared with the gigantic sums lost by so-called investors who have let their investments ride.”

Once you make a trade, you should know your motives. If you’ve made a speculative play as Jesse suggests, don’t let that trade turn into a long-term investment.

If the trade is doing poorly, it’s not wise to say that this is now a long-term investment so it doesn’t matter how low it goes. There is simply no reason to keep a trade open that is not performing. This is the trend following mantra. Trades that start poorly usually keep performing badly and just lead to bigger and bigger losses.

Even if the trade is doing well and it’s making money, it will still turn around and when it does, the trend trader needs to be alert to close out the position and move on to another.

This is just another famous trend trading rule which can also be referred to as ‘never get tied to a stock’. Don’t fall in love with a stock just because it’s gone up a few percent.

Don’t become emotionally involved. As Jesse says, more money has been lost by investors letting their investments ride than anything else.

25. Avoid get-rich-quick schemes.

small picture of jesse livermore“People who look for easy money invariable pay for the privilege of proving conclusively that it cannot be found on this earth.”

“The sucker has always tried to get something for nothing, and the appeal in all booms is always frankly to the gambling instinct aroused by cupidity and spurred by a pervasive prosperity.”

Jesse Livermore realized early on that a fool and his money is easily parted and especially so during boom years and bull markets. During these periods people become curious about making money, they become greedy and complacent. They think that markets can only go up and never down and are even told this by various commentators and publications. The 2007 housing crisis, where investors believed that house prices could not fall, was a prime example of this.

Jesse Livermore Trading Rules: Conclusion

I hope you have enjoyed this look into Jesse Livermore, his trading rules and strategies. For some, the suggestions and ideas on this page may appear too simplistic.

But personally, I don’t believe this to be the case. From years of trading it’s clear to me that the best traders are those who are able to find the trends and follow them, just as Jesse Livermore used to do.

As Jesse said, nothing changes on Wall Street and I’ve found that simple techniques work just as well as they ever have.

Many of the best traders do not use complicated strategies, systems or techniques. They simply follow the trends. This sounds simplistic but it isn’t easy because good trend following entails working against your natural human instincts.

Once you know how to find trends and you know how to manage risk, it is the ability to control your psychology that will determine whether or not you can beat the market. If you can do that, you can trade like Jesse Livermore did, and you can have fun taking down the biggest trends.

Read Full Article here: https://decodingmarkets.com/jesse-livermore-trading-rules-boy-plunger/

Pivot point (Technical Analysis)

From Wikipedia, the free encyclopedia

Read Full article here: https://en.wikipedia.org/wiki/Pivot_point_(technical_analysis)

In financial markets, a pivot point is a price level that is used by traders as a possible indicator of market movement. A pivot point is calculated as an average of significant prices (high, low, close) from the performance of a market in the prior trading period. If the market in the following period trades above the pivot point it is usually evaluated as a bullish sentiment, whereas trading below the pivot point is seen as bearish.

It is customary to calculate additional levels of support and resistance, below and above the pivot point, respectively, by subtracting or adding price differentials calculated from previous trading ranges of the market.

A pivot point and the associated support and resistance levels are often turning points for the direction of price movement in a market.[1] In an up-trending market, the pivot point and the resistance levels may represent a ceiling level in price above which the uptrend is no longer sustainable and a reversal may occur. In a declining market, a pivot point and the support levels may represent a low price level of stability or a resistance to further decline.[2]

Contents

  • Calculation
  • Support and resistance levels
  • Trading tool
  • References

Calculation

Several methods exist for calculating the pivot point (P) of a market. Most commonly, it is the arithmetic average of the high (H), low (L), and closing (C) prices of the market in the prior trading period:[3]

P = (H + L + C) / 3.

Sometimes, the average also includes the previous period's or the current period's opening price (O):

P = (O + H + L + C) / 4.

In other cases, traders like to emphasize the closing price, P = (H + L + C + C) / 4, or the current periods opening price, P = (H + L + O + O) / 4.

Support and resistance levels

Price support and resistance levels are key trading tools in any market. Their roles may be interchangeable, depending on whether the price level is approached in an up-trending or a down-trending market. These price levels may be derived from many market assumptions and conventions. In pivot point analysis, several levels, usually three, are commonly recognized below and above the pivot point. These are calculated from the range of price movement in the previous trading period, added to the pivot point for resistances and subtracted from it for support levels.[4]

The first and most significant level of support (S1) and resistance (R1) is obtained by recognition of the upper and the lower halves of the prior trading range, defined by the trading above the pivot point (H − P), and below it (P − L). The first resistance on the up-side of the market is given by the lower width of prior trading added to the pivot point price and the first support on the down-side is the width of the upper part of the prior trading range below the pivot point.

  • R1 = P + (P − L) = 2×P − L
  • S1 = P − (H − P) = 2×P − H

Thus, these levels may simply be calculated by subtracting the previous low (L) and high (H) price, respectively, from twice the pivot point value:[5]

The second set of resistance (R2) and support (S2) levels are above and below, respectively, the first set. They are simply determined from the full width of the prior trading range (H − L), added to and subtracted from the pivot point, respectively:

  • R2 = P + (H − L)
  • S2 = P − (H − L)

Commonly a third set is also calculated, again representing another higher resistance level (R3) and a yet lower support level (S3). The method of the second set is continued by doubling the range added and subtracted from the pivot point:

  • R3 = H + 2×(P − L) = R1 + (H − L)
  • S3 = L − 2×(H − P) = S1 − (H − L)

This concept is sometimes, albeit rarely, extended to a fourth set in which the tripled value of the trading range is used in the calculation.

Qualitatively, the second and higher support and resistance levels are always located symmetrically around the pivot point, whereas this is not the case for the first levels, unless the pivot point happens to divide the prior trading range exactly in half.

Trading tool

The pivot point itself represents a level of highest resistance or support, depending on the overall market condition. If the market is directionless (undecided), prices may fluctuate greatly around this level until a price breakout develops. Trading above or below the pivot point indicates the overall market sentiment. It is a leading indicator providing advanced signaling of potentially new market highs or lows within a given time frame.[5]

The support and resistance levels calculated from the pivot point and the previous market width may be used as exit points of trades, but are rarely used as entry signals. For example, if the market is up-trending and breaks through the pivot point, the first resistance level is often a good target to close a position, as the probability of resistance and reversal increases greatly.

 
5-day pivot point chart of the SPDR Gold Trust (GLD) for intra-day trading in October 2009

Many traders recognize the half-way levels between any of these levels as additional, but weaker resistance or support areas.[5][6] The half-way (middle) point between the pivot point and R1 is designated M+, between R1 and R2 is M++, and below the pivot point the middle points are labeled as M− and M−−. In the 5-day intra-day chart of the SPDR Gold Trust (above) the middle points can clearly be identified as support in days 1, 3, and 4, and as resistance in days 2 and 3.

 
Monthly pivot point chart of the Dow Jones Industrial Average for the first 8 months of 2009, showing sets of first and second levels of resistance (green) and support (red). The pivot point levels are highlighted in yellow. Trading below the pivot point, particularly at the beginning of a trading period sets a bearish market sentiment and often results in further price decline, while trading above it, bullish price action may continue for some time.

References

  1. ^ Schabacker, R. (2005-01-01). Technical Analysis and Stock Market Profits. Harriman House Limited. ISBN 9781897597569.
  2. ^ Edwards, Robert D.; Magee, John; Bassetti, W. H. C. (2001-06-08). Technical Analysis of Stock Trends, Eighth Edition. CRC Press. ISBN 9781574442922.
  3. ^ Achelis (2006-12-01). Technical Analysis From A To Z. McGraw-Hill Education (India) Pvt Limited. ISBN 9780070636576.
  4. ^ Gil Morales & Chris Kacher, Trade Like an O'Neil Disciple: How We Made 18,000% in the Stock Market, John Wiley & Sons (2010), ISBN 978-0470616536
  5. Jump up to:a b c John L. Person, Candlestick and Pivot Point Trading Triggers, John Wiley & Sons (2007), ISBN 978-0-471-98022-3
  6. ^ Person, John L. (2012-11-29). Mastering the Stock Market: High Probability Market Timing and Stock Selection Tools. John Wiley & Sons. ISBN 9781118416594.

    Pivot Point

     

    A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. The pivot point itself is simply the average of the intraday high and low, and the closing price from the previous trading day. On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. 

    The pivot point is the basis for the indicator, but it also includes other support and resistance levels that are projected based on the pivot point calculation. All these levels help traders see where the price could experience support or resistance. Similarly, if the price moves through these levels it lets the trader know the price is trending in that direction. 

    • A pivot point is an intraday technical indicator used to identify trends and reversals mainly in equities, commodities, and forex markets.
    • Pivot points are calculated to determine levels in which the sentiment of the market could change from bullish to bearish, and vice-versa.
    • Day traders calculate pivot points to determine levels of entry, stops, and profit-taking.
     
     
     
     
     
     
     
     
     
     

    Pivot Points

     

    The Formulas for Pivot Points:

    \begin{aligned} &P = \frac{\text{High} + \text{Low} + \text{Close}}{3}\\ &R1 = (P \times 2) - \text{Low}\\ &R2 = P + (\text{High} - \text{Low})\\ &S1 = (P \times 2) - \text{High}\\ &S2 = P - (\text{High} - \text{Low})\\ &\textbf{where:}\\ &P=\text{Pivot point}\\ &R1=\text{Resistance 1}\\ &R2=\text{Resistance 2}\\ &S1=\text{Support 1}\\ &S2=\text{Support 2}\\ \end{aligned}P=3High+Low+CloseR1=(P×2)LowR2=P+(HighLow)S1=(P×2)HighS2=P(HighLow)where:P=Pivot pointR1=Resistance 1R2=Resistance 2S1=Support 1S2=Support 2

     

    Note that:

     
    • High indicates the highest price from the prior trading day,
    • Low indicates the lowest price from the prior trading day, and
    • Close indicates the closing price from the prior trading day.
     

    How to Calculate Pivot Points

    The pivot point indicator can be added to a chart, and the levels will automatically be calculated and shown. Here's how to calculate them yourself, keeping in mind that pivot points are predominantly used by day traders and are based on the high, low, and close from the prior trading day. 

    If it is Wednesday morning, use the high, low, and close from Tuesday to create the pivot point levels for the Wednesday trading day.

     
    1. After the market closes, or before it opens the next day, find the day's high and low, as well as the close from the most recent previous trading day.
    2. Sum the high, low, and close and then divide by three.
    3. Mark this price on the chart as P.
    4. Once P is known, calculate S1, S2, R1, and R2. The high and low in these calculations are from the prior trading day.
     
    TradingView.

    What Do Pivot Points Tell You?

    Pivot points are an intraday indicator for trading futures, commodities, and stocks. Unlike moving averages or oscillators, they are static and remain at the same prices throughout the day. This means traders can use the levels to help plan out their trading in advance. 

    For example, traders know that if the price falls below the pivot point they will likely be shorting early in the session. Conversely, if the price is above the pivot point, they will be buying. S1, S2, R1, and R2 can be used as target prices for such trades, as well as stop-loss levels. 

    Combining pivot points with other trend indicators is common practice with traders. A pivot point that also overlaps or converges with a 50-period or 200-period moving average (MA), or Fibonacci extension level, becomes a stronger support/resistance level. 

    Pivot Points vs. Fibonacci Retracements

    Pivot points and Fibonacci retracements or extensions both draw horizontal lines to mark potential support and resistance areas. The Fibonacci indicator is useful because it can be drawn between any two significant price points, such as a high and a low. It will then create the levels between those two points. 

    Fibonacci retracement and extension levels can thus be created by connecting any price points on a chart. Once the levels are chosen, lines are drawn at percentages of the price range selected. 

    Pivot points, in contrast, do not use percentages and are based on set fixed numbers: the high, low, and close of the prior day.

     

    Limitations of Pivot Points

    Pivot points are based on a simple calculation, and while they work for some traders, others may not find them useful. There is no assurance the price will stop at, reverse at, or even reach the levels created on the chart. 

    Other times the price will move back and forth through a level. As with all indicators, it should only be used as part of a complete trading plan.

    Read full article here: https://www.investopedia.com/terms/p/pivotpoint.asp
     


Here, I am going to give it away for free. You can make a living by watching out for this.

This was called pivot points by Jesse. Basically it is the double bottom/top formation. The first pivot is the turning point, the second is the confirmation. It played out very nicely on Friday...

If you use it with RSI divergence, it works like a charm... The Buy Signal is after Both 1. and 2. Pivot points are displayed, then and only then, when the RSI is >Greater Than 50, a signal is generated. 

https://www.elitetrader.com/et/attachments/jesse-png.23847/


W.D. GANN Theory:

How To Use Gann Indicators

Read full article here: https://www.investopedia.com/articles/trading/08/gann-indicator.asp
By 

Gann studies have been used by active traders for decades and, even though the futures and stock markets have changed considerably, they remain a popular method of analyzing an asset's direction.

 

Newer trading areas, such as the foreign exchange market and the invention of exchange-traded funds (ETFs), have made it necessary to revisit some of the construction rules and application concepts. Although the basic construction of Gann angles remains the same, this article will explain why the changes in price levels and volatility have made it necessary to adjust a few key components.

 

Basic Elements of Gann Theory

Gann angles are a popular analysis and trading tool that are used to measure key elements, such as pattern, price and time. The often-debated topic of discussion among technical analysts is that the past, the present and the future all exist at the same time on a Gann angle. When analyzing or trading the course of a particular market, the analyst or trader tries to get an idea of where the market has been, where it is in relation to that former bottom or top, and how to use the information to forecast future price action.

 

Gann Angles vs. Trendlines

Of all of W.D. Gann's trading techniques available, drawing angles to trade and forecast is probably the most popular analysis tool used by traders. Many traders still draw them on charts manually and even more use computerized technical analysis packages to place them on screens. Because of the relative ease traders today have at placing Gann angles on charts, many traders do not feel the need to actually explore when, how and why to use them. These angles are often compared to trendlines, but many people are unaware that they are not the same thing.

 

A Gann angle is a diagonal line that moves at a uniform rate of speed. A trendline is created by connecting bottoms to bottoms in the case of an uptrend and tops to tops in the case of a downtrend. The benefit of drawing a Gann angle compared to a trendline is that it moves at a uniform rate of speed. This allows the analyst to forecast where the price is going to be on a particular date in the future. This is not to say that a Gann angle always predicts where the market will be, but the analyst will know where the Gann angle will be, which will help gauge the strength and direction of the trend. A trendline, on the other hand, does have some predictive value, but because of the constant adjustments that usually take place, it's unreliable for making long-term forecasts.

 

Past, Present and Future

As mentioned earlier, the key concept to grasp when working with Gann angles is that the past, the present and the future all exist at the same time on the angles. This being said, the Gann angle can be used to forecast support and resistance, strength of direction and the timing of tops and bottoms.

 

Gann Angles Provide Support and Resistance

Image
Image by Sabrina Jiang © Investopedia 2020

Using a Gann angle to forecast support and resistance is probably the most popular way they are used. Once the analyst determines the time period he or she is going to trade (monthly, weekly, daily) and properly scales the chart, the trader simply draws the three main Gann angles: the 1X2, 1X1 and 2X1 from main tops and bottoms. This technique frames the market, allowing the analyst to read the movement of the market inside this framework.

 

Uptrending angles provide the support and downtrending angles provide the resistance. Because the analyst knows where the angle is on the chart, he or she is able to determine whether to buy on support or sell at the resistance.

 

Traders should also note how the market rotates from angle to angle. This is known as the "rule of all angles". This rule states that when the market breaks one angle, it will move toward the next one.

 

Another way to determine the support and resistance is to combine angles and horizontal lines. For example, often a downtrending Gann angle will cross a 50% retracement level. This combination will then set up a key resistance point. The same can be said for uptrending angles crossing a 50% level. This area becomes a key support point. If you have a long-term chart, you will sometimes see many angles clustering at or near the same price. These are called price clusters. The more angles clustering in a zone, the more important the support or resistance.

 

Gann Angles Determine Strength and Weakness

Image
Image by Sabrina Jiang © Investopedia 2020

The primary Gann angles are the 1X2, the 1X1 and the 2X1. The 1X2 means the angle is moving one unit of price for every two units of time. The 1X1 is moving one unit of price with one unit of time. Finally, the 2X1 moves two units of price with one unit of time. Using the same formula, angles can also be 1X8, 1X4, 4X1 and 8X1.

 

A proper chart scale is important to this type of analysis. Gann wanted the markets to have a square relationship so proper chart paper as well as a proper chart scale was important to his forecasting technique. Since his charts were "square", the 1X1 angle is often referred to as the 45-degree angle. But using degrees to draw the angle will only work if the chart is properly scaled.

 

Not only do the angles show support and resistance, but they also give the analyst a clue as to the strength of the market. Trading on or slightly above an uptrending 1X1 angle means that the market is balanced. When the market is trading on or slightly above an uptrending 2X1 angle, the market is in a strong uptrend. Trading at or near the 1X2 means the trend is not as strong. The strength of the market is reversed when looking at the market from the top down. Anything under the 1X1 is in a weak position.

 

Gann Angles Can be Used for Timing

Image
Image by Sabrina Jiang © Investopedia 2020

Finally, Gann angles are also used to forecast important tops, bottoms and changes in trend. This is a mathematical technique known as squaring, which is used to determine time zones and when the market is likely to change direction. The basic concept is to expect a change in direction when the market has reached an equal unit of time and price up or down. This timing indicator works better on longer term charts, such as monthly or weekly charts; this is because the daily charts often have too many tops, bottoms and ranges to analyze. Like price action, these timing tools tend to work better when "clustered" with other time indicators.

 

Conclusion

Gann angles can be a valuable tool to the analyst or trader if used properly. Having an open mind and grasping the key concept that the past, present and future all exist at the same time on a Gann angle can help you analyze and trade a market with more accuracy. Learning the characteristics of the different markets in regard to volatility, price scale and how markets move within the Gann angle framework will help improve your analytical skills.

The Mysterious Life of Trading Legend W.D. Gann

William Delbert Gann is perhaps the most mysterious of all the famous traders in history. Known for using geometry, astrology and ancient mathematics to predict events in the financial markets and historical events, Gann's trading strategies are still widely used today, long after his death in 1955. 

Gann's disciples claim he was one of the most successful stock and commodity traders who ever lived, while critics argue there's no concrete proof he ever made a great fortune from speculation. Was Gann a great trader, or was he merely a guru who profited from selling books and running seminars? 

Early Life of W.D. Gann

W.D. Gann was born in 1878 in Lufkin, Texas, the first of 11 children in an impoverished cotton-farming family. He neither graduated from grammar school nor attended high school as he was needed at home to work on the farm. His education mainly came from the Bible (he was raised a Baptist), which he used to learn to read and in the cotton warehouses, where he learned about commodities trading. Gann started his career working at a brokerage firm in Texarkana and attending business school at night. 

New York

In 1903, a year after he began trading in the stock and commodity markets, Gann moved to New York City to work at a Wall Street brokerage firm. He soon opened his own brokerage firm, W.D. Gann & Company. He further developed his investment strategy as a broker as he observed the mistakes made by his clients and learned from them. 

 

KEY TAKEAWAYS

  • William Delbert Gann created trading strategies that are still widely used today, long after he died in 1955.
  • Gann placed substantial importance on 60- and 90-year cycles.
  • There are supporters and doubters of Gann's trading theories.
  • Some of Gann's ideas on trading are used in technical analysis tools and integrated into current charting and trading software platforms.

Newsletters, Books, and Courses

In 1919, Gann began publishing a daily market letter called The Supply and Demand Newsletter, covering stocks and commodities and making yearly forecasts. In 1923, he started another publication called The Busy Man’s Service, in which he gave specific trading recommendations. He also wrote a number of books throughout his life, including The Tunnel Thru the Air (a coded science fiction novel containing some of his core ideas) and 45 Years In Wall Street. Late in his career, he sold a ‘master course’ to private students for $5,000 apiece (roughly equivalent to $50,000 today).

 

Gann Time Cycles 

Gann often quoted the Book of Ecclesiastes, chapter 1, verse 9: “That which has been is what will be, that which is done is what will be done, and there is nothing new, under the sun.” He believed everything occurring in markets has historical reference points. Essentially, everything has happened before and will eventually repeat itself. He studied ancient geometry and astrology to investigate how market events and specific numbers repeated across various time cycles.

 

On these cycles, he stated: “To make a success you must continue to study past records because the market in the future will be a repetition of the past. If I have the data, I can tell by the study of cycles when a certain event will occur in the future. The limit of future predictions based on exact mathematical law is only restricted by lack of knowledge of correct data on past history to work from.

 

60-Year Cycle

He identified a number of time cycles of importance, viewing the 60-year cycle as being of major importance. He stated: "This is the greatest and most important cycle of all, which repeats every 60 years or at the end of the third 20-Year Cycle. You will see the importance of this by referring to the war period from 1861 to 1869 and the panic following 1869: also 60 years later – 1921 to 1929 – the greatest bull market in history and the greatest panic in history followed.

 

This proves the accuracy and value of this great time period." In November 1928, Gann reportedly issued an "Annual Forecast for 1929" which predicted the end of the great bull market of the 1920s on September 3, 1929 (the crash actually occurred on October 24) and the crisis that followed.

 

90-Year Cycle

He also placed great emphasis on the 90-year cycle, which, Gann advocates say, predicts a potential financial crisis occurring in 2019. This year will be 90 years after the financial crisis of 1929, which itself occurred roughly 90 years after the Panic of 1837. And a smaller cycle of note, 144 months, also coincides with 2019: 144 months is the span between 2007 (the most recent major financial crisis) and 2019.

 

Some of Gann’s less esoteric ideas are commonly used in technical analysis tools today, often integrated into charting and trading software platforms. A common example is Gann fans, consisting of a series of diagonal lines called Gann angles. These angles are superimposed over a price chart to show potential support and resistance levels.

 

Supporters vs. Doubters of GannSupporters

One of the strongest pieces of evidence bolstering Gann’s reputation as a master trader hails from a 1909 Ticker and Investment Digest article by Richard D. Wyckoff, a well-respected figure on Wall Street at the time.

 

The article describes Gann’s performance recorded by an independent observer: During the month of October 1909, in twenty-five market days, W D Gann made, in the presence of our representative, two hundred and eighty-six transactions in various stocks, on both the long and short side of the market. Two hundred and sixty-four of these transactions resulted in profits; twenty-two in losses. The capital with which he operated was doubled ten times so that at the end of the month he had one thousand percent of his original margin.” 

 

Gann defenders counter John L. Gann's statement should be viewed with the knowledge of the bitter falling-out he had with his father, which stemmed from an ill-fated decision to join his father's business in the 1940s—the two wound up parting ways.

Doubters

At the other end of the spectrum, Alexander Elder, in his 1993 book Trading for a Living, presented a more skeptical view, later used as evidence by Gann doubters. "Various opportunists sell 'Gann courses' and 'Gann software.' They claim that Gann was one of the best traders who ever lived, that he left a $50 million estate, and so on. I interviewed W.D. Gann's son [John L. Gann], an analyst for a Boston bank.

 

"He told me that his famous father could not support his family by trading but earned his living by writing and selling instructional courses. When W.D. Gann died in the 1950s, his estate, including his house, was valued at slightly over $100,000. The legend of W.D. Gann, the giant of trading, is perpetuated by those who sell courses and other paraphernalia to gullible customers," wrote Elder.

 

The Bottom Line

While the scope of W.D. Gann’s trading achievements remains unclear, it's obvious Gann's legacy, inflated or no, continues to fascinate traders. There will always be those in the financial markets who are looking for a mechanism (or a guru) to find order in the apparent chaos of price movements.

Understanding the Gann Studies

Predicting the future is impossible, right? If he were around today, W.D. Gann would beg to differ. His first prophecy is believed to have happened during World War I, when he predicted the Nov. 9, 1918, abdication of Germany's Kaiser Wilhelm II and the end of the war. Then, in 1927, he wrote a book called "Tunnel Through The Air" that many believe predicted the Japanese attack on Pearl Harbor.

 

His financial predictions were perhaps even more profound. In early 1929, he predicted that the markets would probably continue to rally on speculation and hit new highs… until early April. In his daily financial publication, The Supply and Demand Letter, he delivered financial forecasts focusing on both the stock and commodity markets. As this publication gained notoriety, Gann published several books—most notably "Truth," which was hailed by The Wall Street Journal as his best work. Finally, he began releasing the techniques that he used to make these forecasts: the Gann studies.

 

What Are the Gann Studies?

In 1908, Gann discovered what he called the "market time factor," which made him one of the pioneers of technical analysis. To test his new strategy, he opened one account with $300 and one with $150. It turned out to be wildly successful: Gann was able to make $25,000 profit with his $300 account in only three months; meanwhile, he made $12,000 profit with his $150 account in only 30 days! After his results were verified, he became famous on Wall Street as one of the best forecasters of all time.

 

Here's how his techniques work. Gann based predictions of price movements on three premises:

 
  • Price, time and range are the only three factors to consider.
  • The markets are cyclical in nature.
  • The markets are geometric in design and in function.
 

Based on these three premises, Gann's strategies revolved around three general areas of prediction:

 
  • Price study: This uses support and resistance lines, pivot points and angles.
  • Time study: This looks at historically reoccurring dates, derived by natural and social means.
  • Pattern study: This looks at market swings using trendlines and reversal patterns.
 
Gann Studies 1
Image by Julie Bang © Investopedia 2020

Figures such as these are the building blocks of the Gann studies.

 

Constructing Gann Angles

Before we begin, it is important to realize that this form of analysis—like most forms of technical analysis—is not set in stone but constructed out of empirical methods. Without further ado, here is the process used to construct a Gann angle:

 
  1. Determine the time units: This is one of the empirical processes. One common way to determine a time unit is to study the stock's chart and take note of distances in which price movements occur. Then, simply put the angles to the test and determine their accuracy. Most people use intermediate-term (such as one- to three-month) charts for this as opposed to long-term (multi-year) or short-term (one- to seven-day) charts. This is because, in most cases, the intermediate-term charts produce the optimal amount of patterns.
  2. Determine the high or low from which to draw the Gann lines: This is the second empirical process, and the most common way to accomplish it is to use other forms of technical analysis—such as Fibonacci levels or pivot points. Gann himself, however, used what he called "vibrations" or "price swings." He determined these by analyzing charts using mathematical theories like Fibonacci.
  3. Determine which pattern to use: The two most common patterns are the 1x1 (left figure above), the 1x2 (right figure above) and the 2x1. These are simply variations in the slope of the line. For example, the 1x2 is half the slope of the 1x1. The numbers simply refer to the number of units.
  4. Draw the patterns: The direction would be either downward and to the right from a high point, or upward and to the right from a low point.
  5. Look for repeat patterns further down the chart: Remember this technique is based on the premise that markets are cyclical.
 

Again, this requires some fine-tuning with experience in order to perfect. Because of this, the results will vary from person to person. Some people, like Gann, will experience extraordinary success, while others—who don't use such refined techniques—will experience sub-par returns. However, if the system is followed and sufficient research is put into finding the optimal requirements, above-average returns should be attainable. But remember, technical analysis is a game of odds—add more technical indicators to increase your chances of a successful trade.

 

Using Gann Angles

Gann angles are most commonly used as support and resistance lines. But many studies have support and resistance lines. What makes this one so important? Well, Gann angles let you add a new dimension to these important levels—they can be diagonal.

 
Gann Studies 2
Image by Julie Bang © Investopedia 2020 

Here you can see how Gann angles can be used to form support and resistance levels. Diagonal trendlines are commonly used to determine times to add to existing long positions, to determine new lows and highs (by finding significant breaks of the trendline), and to help discern the overall trend.

 

The Bottom Line

Is it possible to predict the future? W.D. Gann probably thought so, and he seemed to have proved it with his wildly successful returns. The system is relatively simple to use but difficult to master. After all, it was Gann's uncanny ability to fine-tune his techniques that led him to enormous profits—the average investor is not likely to obtain these kinds of returns. Like many technical tools, Gann angles are best used in conjunction with other tools to predict price movements and profit.

Read full article here:https://www.investopedia.com/articles/technical/04/042804.asp



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