#bitcoin - S1 Weekly #Pivot Support + Keylevel
Good morning everyone.
Allright, so after this last nights wick we are seeing pretty much the same situation as the last days:
- Below the Daily Pivot
- Downtrend is intact
- SMA´s are spread in bear-order and pointing down
We won´t look for longs, shorts only unless P-D get´s broken.
What has to be mentioned is that SMA50 and 100 are getting closer and the wick violated all of them.
We need to set targets likely a little more aggressive, especially cause of the Pullback attempt just before and sitting on Weekly Pivot S1. (E/R, blue triangle)
As usual marked significant prices and waiting for signals to kick in. This is indeed not a no brainer short-setup anymore.
Have a lovely day!
Neru
Allright, so after this last nights wick we are seeing pretty much the same situation as the last days:
- Below the Daily Pivot
- Downtrend is intact
- SMA´s are spread in bear-order and pointing down
We won´t look for longs, shorts only unless P-D get´s broken.
What has to be mentioned is that SMA50 and 100 are getting closer and the wick violated all of them.
We need to set targets likely a little more aggressive, especially cause of the Pullback attempt just before and sitting on Weekly Pivot S1. (E/R, blue triangle)
As usual marked significant prices and waiting for signals to kick in. This is indeed not a no brainer short-setup anymore.
Have a lovely day!
Neru
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