Sentences with phrase «dynamic inflection points»
However, bitcoin price has also broken past the moving averages» dynamic inflection points to reflect a pickup in bullish momentum.
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Technical indicators for today were pointing to the resume of the selloff if the price failed to break the 200 SMA (4 - hour) dynamic inflection point.
However, price is trading below the 100 SMA dynamic inflection point so this might still hold as near - term resistance.
The line in the sand for the uptrend is the 200 SMA dynamic inflection point around $ 3800 for now.
A larger pullback could last until the broken resistance around $ 5800 - 6000, which is closer to the 200 SMA dynamic inflection point.
A larger pullback could last until the 61.8 % retracement level at $ 3766.53 or the 100 SMA dynamic inflection point.