Critical Point on the Daily for BTCUSD
Today we touched the central pivot point (green P) on the daily chart. This is now a critical point for BTCUSD. As you can see in the past (two red arrows from July) we touched this green P once and got rejected and on the next try, we broke it and made a huge move up.
We are still above the 200 EMA so we are bullish but right now under the green P which acts now as resistance. We still have some hours left in the daily but as soon as we close multiple daily candles above the green P I'm turning bullish and ride it up to R1 (12000) / R2 (13200).
We have to wait some days to see if we get rejected or if we are able to break it. Also a fakeout can happen here. So be careful.
We are still above the 200 EMA so we are bullish but right now under the green P which acts now as resistance. We still have some hours left in the daily but as soon as we close multiple daily candles above the green P I'm turning bullish and ride it up to R1 (12000) / R2 (13200).
We have to wait some days to see if we get rejected or if we are able to break it. Also a fakeout can happen here. So be careful.
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🌐 Website | onwardbtc.com
💎 Twitter | twitter.com/onwardbtc
⭐️ Bybit & BitMEX Signals | t.me/OnwardBTCBot
✅ Best Community in Crypto
✅ Education 👨🎓
✅ Signals 📈📉
✅ Bots
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