#bitcoin - Sell-Off not successful so far.

By Gl4diator
Updated
Looking at this nights try to initiate of a breakdown the support level failed for now and has been bought back big times. This does certainly not mean we are out of the woods, but closing the week above the Quaterly Pivot was a good start, especially with a spot-landing on the potential low of the potential Adam and Eve. We do know this pattern well from our 3k-bottom, so don´t laugh at it or even ignore it. It will certainly be invalidated if we breakdown, but that´s not the case yet, it has been defended.

With the new Weekly Pivot just above the price around $9.8 (red label) and the Trendline coming down, this is the mark, that we have to overcome to make this A&E possible. Too early to trade.

____________________________________
(This is a follow-up, I missed the whole thing cause watching Fortnite WorldCup, CONGRATS to BUGHA, you a hero man!! ;-P)
Warm regards,
Neru
Comment
Correcture, we closed just below the Quarterly Pivot, which is not changing the picture for now -> No Trades right now.

Sorry for that! Eyes tired!
adamandeveBeyond Technical AnalysisBitcoin (Cryptocurrency)breakuptrendBTCUSDChart PatternsCryptocurrencyfortniteTechnical Indicatorsmultipivotlinereversalpattern
Gl4diator

Disclaimer