Pivot Resistance still alive: 680$ is still the level to watch!

680$ - this is still the Level to watch! Trading below that Level indicates a bearish momentum - Trading above 680 will brighten the Chart, the main uptrend can possibly be resumed

At the Moment, we have four Trends:

- Midterm downtrend: red 1-2-3 counting: As Long btcusd are trading below 680$, this trend is dominant. Further downwaves can be exspected
- Midterm uptrend: big green 1-2-3 counting - This counting is valid as Long btcusd are trading above 608$
- Shortterm downtrend: orange 1-2-3 counting - should btcusd trade below the last valid orange "2" the next shortsignal appears --> tp could be 580$
- Ultrashortterm uptrend: small green 1-2-3 counting : This counting is valid as Long btcusd are trading above 622$
. SHould btcusd trade above the last valid "2" the tp could be 680$

Here is the Explanation for this simplified style of counting

Former Analysis:
The holy Fibo 61,8%

Trying to catch the correction of the correction?

Longterm resistance turned into support?

New shortterm "3"?

A flag -is that true?

HERE IS THE EXSPECTED BREAKOUT!

Explosion ahead?

Kommentar:

The counting has to be adjusted. The Little green and the orange Counts are no longer valid

Kommentar:

Btcusd hast reached THE CENTRAL ACTION POINT at 680! Trade preparation...long above 680...short below