Hello Trader!
Bitcoin reversed from 42800 and I already gave an analysis that there was no True reversal point so the Bitcoin will touch the correct reversal point and now it's dropping to touch True Reversal point.
BTC has broken the recent TR Point and it is moving downward to hit the 39606 TR point.
Bitcoin has already tested 45808 and now it's dropping but if BTC formed a strong bullish candle then the market will hit and reverse again from 45880 Reversal Point.
There is no other reversal point between 45808-39606.
About my True reversal Point
I call these points a True Reversal point because it's not the support or resistance nor Fibonacci Zone. Support and resistance do not work Majority of times and Fibonacci levels are the bunch of levels and if you are lucky then any one of them will work. My Levels are only one figure and it's compulsory for Market to respect that level and they are unignorable. These levels are designed to push price with pinpoint accuracy. That's why I call it the TRUE reversal point. Sometimes market does not reverse with pinpoint accuracy but that's okay if the market moves a little bit up or down before reversing.
Hit the like button to support the Idea and follow to stay connected.
Bitcoin reversed from 42800 and I already gave an analysis that there was no True reversal point so the Bitcoin will touch the correct reversal point and now it's dropping to touch True Reversal point.
BTC has broken the recent TR Point and it is moving downward to hit the 39606 TR point.
Bitcoin has already tested 45808 and now it's dropping but if BTC formed a strong bullish candle then the market will hit and reverse again from 45880 Reversal Point.
There is no other reversal point between 45808-39606.
About my True reversal Point
I call these points a True Reversal point because it's not the support or resistance nor Fibonacci Zone. Support and resistance do not work Majority of times and Fibonacci levels are the bunch of levels and if you are lucky then any one of them will work. My Levels are only one figure and it's compulsory for Market to respect that level and they are unignorable. These levels are designed to push price with pinpoint accuracy. That's why I call it the TRUE reversal point. Sometimes market does not reverse with pinpoint accuracy but that's okay if the market moves a little bit up or down before reversing.
Hit the like button to support the Idea and follow to stay connected.