Guys pay attention to the pivot points on the above chart.
Take note of the following:
1. Red line - Weekly Pivot Point ( WPP ) @9772
2. Purple line - Weekly Pivot Resistance 1 (WPR1) @10407
3. Black line - Weekly Pivot Support 1 (WPS1) @9114
It should be noted that the market usually trades pivot points during the period with a probability of around 70-80%. It means that the probability of touching the weekly pivot point by the market during the week is 70-80%.
As at the time of writing, BTC has tested its Weekly Pivot Point ( WPP ), already.
There is a likelihood that BTC would breakout to test its Weekly Pivot Resistance 1(WPR1), and sellers could take price downward from there.
I recommend taking short entries at the WPR1 price level to target WPP and WPS1.
I will love to read your comments on what your thoughts are regarding my idea on BTC , and do show your love by hitting the like button.
Thanks for reading, and may the pips be with you all.
Take note of the following:
1. Red line - Weekly Pivot Point ( WPP ) @9772
2. Purple line - Weekly Pivot Resistance 1 (WPR1) @10407
3. Black line - Weekly Pivot Support 1 (WPS1) @9114
It should be noted that the market usually trades pivot points during the period with a probability of around 70-80%. It means that the probability of touching the weekly pivot point by the market during the week is 70-80%.
As at the time of writing, BTC has tested its Weekly Pivot Point ( WPP ), already.
There is a likelihood that BTC would breakout to test its Weekly Pivot Resistance 1(WPR1), and sellers could take price downward from there.
I recommend taking short entries at the WPR1 price level to target WPP and WPS1.
I will love to read your comments on what your thoughts are regarding my idea on BTC , and do show your love by hitting the like button.
Thanks for reading, and may the pips be with you all.
Operación activa:
Short entry activated: BTC seems to have been rejected at the WPP. Targeting WPS1
Operación activa:
Hope you guys were able to add to your short positions above the WPP? I did! Let's see if BTC is able to slide down to the WPS1.
Operación cerrada: objetivo alcanzado:
That was very quick, though!
