An introduction to Rick Ackerman's Hidden Pivot Method, a form of technical analysis for predicting price movements of stocks, indexes and commodities.
Author
Rick Ackerman
Rick’s Picks
Barron’s once labeled Rick Ackerman an “intrepid trader” in a headline that alluded to his key role in solving a notorious pill-tampering case.
XRP remains below the critical $1.00 handle, trading at levels last seen in 2024. The XRP technical structure deteriorates further, with major moving averages declining and limiting recovery potential.
Cryptocurrency prices are broadly correcting on Tuesday, with Bitcoin edging lower toward $64,000. Ethereum shows weakness amid ongoing narrow-range consolidation, while Ripple trades below $1.00, weighed down by falling technical indicators.
Bitcoin finds support around the 50-day EMA at around $64,300 on Tuesday after gaining 2.5% the previous day. Middle East tensions continue to weigh on risk sentiment and could limit BTC’s upside.
Pi Network extends a consolidation range capped below $0.0900 on Tuesday, holding above the $0.0839 support level. PI token remains under pressure as the Core Team pushes for real user adoption by raising costs for AI-powered app creation, effective from August 24.
![A Hidden Pivot Method Introduction [Video]](https://editorial.fxstreet.com/images/TechnicalAnalysis/SupportResistance/gesturing-gm505891923-44693370.jpg)
