The Pivot Point System in this idea is from yesterday.
Inside the blue area: On Wednesday, the red dashed down-trend-line, the blue dotted uptrend-line and the Pivot Point at 11366 crossed in one point. Today, the red dashed down-trend-line and the green dashed uptrend-line will cross. It is very unlikely that BTCUSD can break these triple and double resistances right now. The opposite is the case. The price of Bitcoin was sent down towards the 10128 support. Today, BTCUSD will remain fluctuating between support 10128 and the red dashed down-trend-line.
An outbreak on the lower side would establish a target at 5511.
Inside the blue area: On Wednesday, the red dashed down-trend-line, the blue dotted uptrend-line and the Pivot Point at 11366 crossed in one point. Today, the red dashed down-trend-line and the green dashed uptrend-line will cross. It is very unlikely that BTCUSD can break these triple and double resistances right now. The opposite is the case. The price of Bitcoin was sent down towards the 10128 support. Today, BTCUSD will remain fluctuating between support 10128 and the red dashed down-trend-line.
An outbreak on the lower side would establish a target at 5511.
Kommentar:
This chart shows the new Pivot Point System from Thursday, February 22, 2018. Pivot Point is at 10630.
The upside is still blocked by the red and green dashed trend-lines as well as resistance R1 level at 11059.
The upside is still blocked by the red and green dashed trend-lines as well as resistance R1 level at 11059.
In this chart, we can see the red dashed down-trend-line and the green dashed uptrend-line. The green dashed line was a support until yesterday when it was crossed and turned into a resistance line.