Critical Point on the Daily for BTCUSD
Today we touched the central (green P) on the . This is now a critical point for BTCUSD . As you can see in the past (two red arrows from July) we touched this green P once and got rejected and on the next try, we broke it and made a huge move up.
We are still above the 200 so we are but right now under the green P which acts now as resistance. We still have some hours left in the daily but as soon as we close multiple daily candles above the green P I’m turning and ride it up to R1 (12000) / R2 (13200).
We have to wait some days to see if we get rejected or if we are able to break it. Also a fakeout can happen here. So be careful.