At the start of the new session we have a convincing setup. You can see the Daily Pivot Moving Averages turning upward.
The Pivot Stack of the Daily Pivot Range and the Weekly Pivot Range are key support. This is a potential launching pad forBitcoin 0.31% .
However, the 6 Day Rolling Pivot Range is smack in the middle of the current candlestick body indicating a possible failure of the the price movement higher.
Hence, only enter the market on a breakout above the nearby resistance of the last hourly candlestick .
*See the Legend below for the Indicator Guide*
IF YOU THINK THIS STUDY HAS VALUE, PLEASE FOLLOW ME AND LIKE THE CHART.
Thank you for your support – I look forward showing you many more studies like this that can help you with your trading.
I will follow up with more information as the trade progresses.
Indicator Legend:
Daily Pivot Range-DPR (blue/magenta dots) | Weekly Pivot Range-WPR (orange/red dots) | Monthly Pivot Range-MPR (green/black dots)
6 Day Rolling Pivot Range-RPR (lime/yellow dots)
Daily Pivot Moving Averages-DPMA: red=14 day, yellow=30 day, white=50 day
The Pivot Stack of the Daily Pivot Range and the Weekly Pivot Range are key support. This is a potential launching pad forBitcoin 0.31% .
However, the 6 Day Rolling Pivot Range is smack in the middle of the current candlestick body indicating a possible failure of the the price movement higher.
Hence, only enter the market on a breakout above the nearby resistance of the last hourly candlestick .
*See the Legend below for the Indicator Guide*
IF YOU THINK THIS STUDY HAS VALUE, PLEASE FOLLOW ME AND LIKE THE CHART.
Thank you for your support – I look forward showing you many more studies like this that can help you with your trading.
I will follow up with more information as the trade progresses.
Indicator Legend:
Daily Pivot Range-DPR (blue/magenta dots) | Weekly Pivot Range-WPR (orange/red dots) | Monthly Pivot Range-MPR (green/black dots)
6 Day Rolling Pivot Range-RPR (lime/yellow dots)
Daily Pivot Moving Averages-DPMA: red=14 day, yellow=30 day, white=50 day