Bitcion Pivotal Levels: August 24 - August 30 , 2020
Guys pay attention to the pivot points on the above chart.
Take note of the following:
1. Red line - Weekly Pivot Point ( WPP ) @11828.
2. Purple line - Weekly Pivot Resistance 1 (WPR1) @12290.
3. Black line - Weekly Pivot Support 1 (WPS1) @11184.
It should be noted that the market usually trades pivot points during the period with a probability of around 70-80%. It means that the probability of touching the weekly pivot point by the market during the week is 70-80%.
As at the time of writing, BTC was trading below its Weekly Pivot Point ( WPP ).
If BTC maintained its bullish bias and trade above its WPP, its WPR1 would be the level to get tested next. On the other hand, if price got rejected at the WPP, it would trade downwardly to the WPS1 .
I will love to read your comments on what your thoughts are regarding my idea on BTC , and do show your love by hitting the like button.
Thanks for reading, and may the pips be with you all.
Take note of the following:
1. Red line - Weekly Pivot Point ( WPP ) @11828.
2. Purple line - Weekly Pivot Resistance 1 (WPR1) @12290.
3. Black line - Weekly Pivot Support 1 (WPS1) @11184.
It should be noted that the market usually trades pivot points during the period with a probability of around 70-80%. It means that the probability of touching the weekly pivot point by the market during the week is 70-80%.
As at the time of writing, BTC was trading below its Weekly Pivot Point ( WPP ).
If BTC maintained its bullish bias and trade above its WPP, its WPR1 would be the level to get tested next. On the other hand, if price got rejected at the WPP, it would trade downwardly to the WPS1 .
I will love to read your comments on what your thoughts are regarding my idea on BTC , and do show your love by hitting the like button.
Thanks for reading, and may the pips be with you all.
Trade active:
BTC got rejected at the WPP and traded downward to WPS1, as expected.
