Looking at a 2-day chart of Bitcoin on BitMEX, XBT is sitting right on top of 8750. By drawing a simple line, we can see how big moves had come when either Bitcoin (BTC) stayed above this line or fell below it.
The arrows show market moves in May, June, September, and October. Now in November, three 2-day bars have formed right on top of 8750.
Bottom Line: Sometimes, the key to the next trade is to focus on significant pivot levels and then see what happens. 8750 is such a level.
The arrows show market moves in May, June, September, and October. Now in November, three 2-day bars have formed right on top of 8750.
Bottom Line: Sometimes, the key to the next trade is to focus on significant pivot levels and then see what happens. 8750 is such a level.
