Bitcoin is approaching a major resistance point that it has already failed on the last two candles, forming a pivot. If this pivot begins to fail for a third time I will look for a Daily short play with a loose target around the daily pivot high and daily pivot low.
If we can S/R flip this Weekly Pivot then I will look for a Daily Long play with a loose target around 8900-9400.
If we can S/R flip this Weekly Pivot then I will look for a Daily Long play with a loose target around 8900-9400.
Trade active
8400 resistance perfect failure.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.