How to Improve Your Trading Strategy

Wouldn't it be Nice to Have a Predictive or Leading Indicator?

As We know, most indicators look back at trends. Few indicators look forward. The Ichimoku cloud is one that I've looked at but I haven't found it too useful. The other is Pivot Points. Pivot Points work on any range chart to help you identify trend changes and support/resistance levels.

Where do you find Pivots Points? Most crypto exchanges don't have it as and indicator. However if your exchange imports from Tradingview.com, then you'll be able to view your particular coin on tradingview's web-site, which has the indicator as seen below:

Chart by Tradingview

As you can see in the above chart, Bitcoin Cash is currently in a down trend staying below the Pivot Point most of the time while finding support as S1 and S2.

On Tradingview, you can change the number of Pivots shown along with the number of support and resistance levels and the color of your lines.

To learn more about Pivot Points click on the link.

Author holds BCH at time of writing.

Smiling Duck