BTC pivotal point
Updated
The squeeze is in, we have 3 levels which might save us from going down to the Pit of Doom :
1. There's a 3D level at ~10000$ , which might get pierced through quicker than imagined, since it already got smashed several times
2. There's a 1D level at ~9400, which aligns with lower BB, therefore it should be stronger than average 1d line
3. The third and the most powerful level is ~9000$, which aligns with MA150. If this one doesn't hold, we're most likely going down to ~7500$ area again.
1. There's a 3D level at ~10000$ , which might get pierced through quicker than imagined, since it already got smashed several times
2. There's a 1D level at ~9400, which aligns with lower BB, therefore it should be stronger than average 1d line
3. The third and the most powerful level is ~9000$, which aligns with MA150. If this one doesn't hold, we're most likely going down to ~7500$ area again.
Note
BTC did smear around the 10000$ for a long time, and the indecisiveness resulted in a huge red candle, absolutely smashing through the 1D, 3D and 1W supports. Now it's temporarily holding at the 3D support at ~8500$.
A) if it sharply bounces up through the 9000$,
BTC is back in the upward move, and we might expect rush towards 13000$ once againB) if it slowly goes back up towards the 9000$, it will play out a school example of support turned resistance, with a high chance of bouncing DOWN again, to the ~7500$ area
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