BTCUSD Mega Pivot line coming to the rescue??
Bitcoin / BTCUSD pulled back inside its Channel Up.
Even though the 1day MA50 is drawing the attention of most as got hit and is holding, it may be another trend line that will save the day for BTC.
The Former Falling Resistance since July 13th is right underneath and the markets oftern test previous Resistance levels when broken.
In that process, they become pivots. This may be such but we can't overlook the formation of a 1day MACD Bearish Cross yesterday either. That's why sound risk management is required.
Do you think the Pivot will hold?
Follow us, like the idea and leave a comment below!!
Even though the 1day MA50 is drawing the attention of most as got hit and is holding, it may be another trend line that will save the day for BTC.
The Former Falling Resistance since July 13th is right underneath and the markets oftern test previous Resistance levels when broken.
In that process, they become pivots. This may be such but we can't overlook the formation of a 1day MACD Bearish Cross yesterday either. That's why sound risk management is required.
Do you think the Pivot will hold?
Follow us, like the idea and leave a comment below!!
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