BTCUSD This Resistance is the pivot point. Trade accordingly.

٢ أكتوبر ٢٠٢٣

Bitcoin is trading inside a Channel Up that led it straight to the Falling Resistance of July.
Even though it crossed over the MA200 (1d) and Resistance 1 (28175), it is currently struggling to close the candle over them.
Along with the MA100 (1w), which is a Resistance since May 7th 2022, those are your pivot points.

Trading Plan:
1. Sell as long as the (1d) candles close under the Falling Resistance.
2. Buy if it closes over the MA100 (1w).

Targets:
1. 27200 (Channel Up bottom).
2. 30800 (Resistance 2).

Tips:
1. The RSI (1d) is almost overbought near 70.00. This justifies a short term pull back before the break out.

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Notes:
Past trading plan: