Bitcoin Weekly Close Approaching. (BTC)
מעודכן
We notice from a weekly outlook on the Crossover strategy and the ema dots that we are still green.
We noticed on the 3 day that we still have a triple top in play as we have not been able to stay above 10k.
We did have a fakeout but it did not sustain bull pressure.
This weekly close should show signs of compression and could start to shift our indicators.
By trading the larger timeframes and being patient watching the price action from a week to week aspect can tell you a lot to help you make your next decision.
With this sideways range of price action I think this weekly close will tell us a lot for our next entry on bitcoin.
Notice that 10k is Resistance from the all time highs downward pressure, but also that the upward support from the most recent structural bottoms is acting as Resistance as well.
If we spot a trend reversal here I do believe that bitcoin will get ugly.
I kind of hope that we do reject and selloff as I would like to re accumulate one more time and test the lows.
As of now we still have no position and are waiting to see what the weekly wants to do.
Best of luck.
🥇MLT | MAJOR LEAGUE TRADER | FULLTIME TRADERS
We noticed on the 3 day that we still have a triple top in play as we have not been able to stay above 10k.
We did have a fakeout but it did not sustain bull pressure.
This weekly close should show signs of compression and could start to shift our indicators.
By trading the larger timeframes and being patient watching the price action from a week to week aspect can tell you a lot to help you make your next decision.
With this sideways range of price action I think this weekly close will tell us a lot for our next entry on bitcoin.
Notice that 10k is Resistance from the all time highs downward pressure, but also that the upward support from the most recent structural bottoms is acting as Resistance as well.
If we spot a trend reversal here I do believe that bitcoin will get ugly.
I kind of hope that we do reject and selloff as I would like to re accumulate one more time and test the lows.
As of now we still have no position and are waiting to see what the weekly wants to do.
Best of luck.
🥇MLT | MAJOR LEAGUE TRADER | FULLTIME TRADERS
הערה
Uhhhhhhhh Ohhhhhhhh! 💲💲💲💲💲💲💲💲הערה
Anybody else tired of this range yet? 🤣
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