formed after hitting the daily R1 pivot
resistance point. I would expect a drop down to the daily S1 pivot
support point (also the new weekly pivot point
- convergence of these points offers strong support here) or even farther to the back to the new weekly S1 or monthly pivot
. Support can be found at the daily S2 and S3. Let's see how London and New York feel on this new Monday, cause Asia has already had lunch and is on coffee
Looking for a 3-4 hour close below the daily pivot point
to trigger the short.
I am always bullish
long term on BTC
, but it is nice to make some quick daily/swing profits to add to the bag.