What is a Pivot?
Pivot is a significant price level established when a stock fails to penetrate it to the up or downside or the price has a breakout past the pivot level. Often, a sudden increase in volume accompanies a move through the pivot price level.
I hear Ponzi this Ponzi that, 6.5K entry, 4.5K entry, dump this ponzi which in consequence leads a bunch of sheep to believe it is going to dump.
Go against the crowd, educate yourself & DYOR <----- Financial Advice.
LONG FTW!
Pivot is a significant price level established when a stock fails to penetrate it to the up or downside or the price has a breakout past the pivot level. Often, a sudden increase in volume accompanies a move through the pivot price level.
I hear Ponzi this Ponzi that, 6.5K entry, 4.5K entry, dump this ponzi which in consequence leads a bunch of sheep to believe it is going to dump.
Go against the crowd, educate yourself & DYOR <----- Financial Advice.
LONG FTW!
IMO I don't think the hype of China played much of a part in the increase of BTC. The median income from someone in China is 18,000 yuan which equates to $2,551 USD. Take it from me, I'm half Chinese and if an Asian wanted something they would want the whole thing not a fraction of BTC.
I think Chinese people would have invested into the smaller crypto's and if its any they would have invested into it would have been such as NEO or TRON.
But if we are going to trade fundamentally then .... How about Bitcoins 10 Year birthday on October 31st? I don't think Bitcoin would be that mean to dump on us for it's birthday.
I trade technically and in my opinion we are only re-accumulating. Be one with Wyckoff.
Happy trading my friends!
See here: www.tradingview.com/u/CryptoMobster/