The Weekly Central Pivot Range indicator is a leading indicator that can help us predict where the price will change direction. Here are some notes in regards to when Bitcoin changed direction when it hit resistance and support.

The CME Gap is a leading indicator that can also help us predict future prices. Basically the CME gap is created where the Price closes on Friday and when it reopens on Sunday. So on Friday the CME Gap was created around $38.6k but on Saturday the price dropped. Since the CME gap was higher than the current price, the price wanted to get gravitated towards the CME gap, which is one reason why we saw a pump yesterday.

One mistake I made over the last few days was mainly only covering the bearish scenarios while ignoring the bullish ones. I was so focused on Bitcoin reaching the price target of the Diamond Consolidation pattern that I ignored the signs of a pump. Like everything else in life, the more practice you get, the better you become. I’ll try to do a better job at covering both scenarios, the bullish one and the bearish one.