$BTC.X $BTC Yearly Pivot looming ahead - beware

BTC put this on your radar...the Yearly Pivot is ahead at 11,469. Not only was there prior heavy consolidation at that level, It also intersects with the down trendline. It might be wise to reduce risk, take profits or wait to see what happens before taking a new position at that level. I always look for 2 confirmations so 2 daily closes above 11,469 would probably be a good entry point...as long as other technical indicators agree and are pointing in a positive direction...