btc bitcoin. slight warning
Reguardless if you are bullish or bearish. Are next central monthly pivot point is coming in around 45k area. Less known fact. New central pivot points on daily weekly and monthlys recieve price reversion like magnet almost all the time. In fact the onl time the monthly central pivot point did not get tested was jan this year and dec 2017... of the last 50 months. (I only counted 50. probably more)
This does not mean it will go directly there. The monthly level is not set in stone and this calculation for is developing level can be altered with both bullish and bearish price action. If it starts going down prior to monthly close it might have a healthy bounce from that area. If it just bolts upward and the monthly closes high you will very likely see at least a 5,000 dollar price reversion at the very least. Keep an eye on it and stay safe in these areas.
This does not mean it will go directly there. The monthly level is not set in stone and this calculation for is developing level can be altered with both bullish and bearish price action. If it starts going down prior to monthly close it might have a healthy bounce from that area. If it just bolts upward and the monthly closes high you will very likely see at least a 5,000 dollar price reversion at the very least. Keep an eye on it and stay safe in these areas.