Guys pay attention to the pivot points on the above chart.
Take note of the following:
1. Red line - Weekly Pivot Point ( WPP ) @8638.4
2. Purple line - Weekly Pivot Resistance 1 (WPR1) @9707.9
3. Black line - Weekly Pivot Support 1 (WPS1) @7846.5
Please, start to put these levels into use from Monday 4 May, 2020.
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%.
So, if the price of BTC stands below its Weekly Pivot Point by the time market opens on Monday do not rush to open position.
Allow the price to tend toward the Pivot Point , you will probably get a much better entry point, around this price level.
Recall that, in my idea of Monthly Pivotal levels I did mentioned that BTC price has been overshot as indicated by the two oscillators on my chart. Thus, BTC selloff is inevitable this month.
I recommend short entry to be opened at WPP , or when there's a push towards the 9000 - 9200 price range.
Whichever level you enter, our weekly target is at WPS1.
Don't forget to leave a comment and give a like.
Thanks for reading, and my the pips be with you all.
Take note of the following:
1. Red line - Weekly Pivot Point ( WPP ) @8638.4
2. Purple line - Weekly Pivot Resistance 1 (WPR1) @9707.9
3. Black line - Weekly Pivot Support 1 (WPS1) @7846.5
Please, start to put these levels into use from Monday 4 May, 2020.
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%.
So, if the price of BTC stands below its Weekly Pivot Point by the time market opens on Monday do not rush to open position.
Allow the price to tend toward the Pivot Point , you will probably get a much better entry point, around this price level.
Recall that, in my idea of Monthly Pivotal levels I did mentioned that BTC price has been overshot as indicated by the two oscillators on my chart. Thus, BTC selloff is inevitable this month.
I recommend short entry to be opened at WPP , or when there's a push towards the 9000 - 9200 price range.
Whichever level you enter, our weekly target is at WPS1.
Don't forget to leave a comment and give a like.
Thanks for reading, and my the pips be with you all.
交易進行
Bitcoin is being dumped already, as projected. Currently, the Weekly Pivot Point is being tested.
I don't expect this level to hold, as buyers are massively taking profit.
Every pullback from this price level, is an opportunity to sell BTC.
交易進行
Hope you guys were able to sell BTC at 9k - 9.1k price range this morning? I did sell at those range! Cheers!!
交易進行
I keep selling BTC at every push up! May is sell BTC and go, then buy back in July!註釋
Bitcion has actually closed above its WPR1, and went further to testing its MPR1! There's the probability of price continuation or failure at this juncture.
I still maintain my view on Bitcoin heading downward in May!
註釋
And Bitcoin eventually broke down!交易進行
Target remains, Weekly Pivot Support 1 (WPS1). Cheers!
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。