Looking for that Pivot Breakout.
Hello guys.
Well we are in the middle of a possible comeback. BTC has started trending bullish and this provides a chance to see if it will sustain itself or simply collapse and range back down. the main PIVOT line at $8.400 Seems to be a good indication where we are heading.
If you are in a clean breakout with a support test is your confirmation that we are moving north. If you are out (like me) trying to get back in, wait for the breakout and retest of the pivot. If it holds it is great place for an entry with a counter trendline break.
This shouldn't take long. so keep an eye out for price action.
Cheers.
CS
Well we are in the middle of a possible comeback. BTC has started trending bullish and this provides a chance to see if it will sustain itself or simply collapse and range back down. the main PIVOT line at $8.400 Seems to be a good indication where we are heading.
If you are in a clean breakout with a support test is your confirmation that we are moving north. If you are out (like me) trying to get back in, wait for the breakout and retest of the pivot. If it holds it is great place for an entry with a counter trendline break.
This shouldn't take long. so keep an eye out for price action.
Cheers.
CS
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