BTCUSDT - BIG MOVE Incoming ๐
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Hi Traders, Investors and Speculators
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. ๐ฉ๐ซ
We're about to witness the final call for Bitcoin - bullish or bearish in the next few weeks? Watch the WEEKLY Candlestick close to see which is more likely! If the price CLOSES underneath the support zone , bearish price action is the most likely. Judging by a few technical indicators such as RSI and LSMA , this seems like the more likely scenario. Unless something changes within the next 1D before the candle closes (this does sometimes happen). So the most reliable thing to watch at this point is the weekly candle close which closes tomorrow.
From a technical indicator perspective, we also see high volume at this range. This means the price could be gearing up for a BIG Move in either direction and the weekly close will give a hint towards which direction this may be.
Have a great weekend ๐ฅ
_______________________
๐ขFollow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities ๐Hit like & Follow ๐
We thank you for your support !
CryptoCheck
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. ๐ฉ๐ซ
We're about to witness the final call for Bitcoin - bullish or bearish in the next few weeks? Watch the WEEKLY Candlestick close to see which is more likely! If the price CLOSES underneath the support zone , bearish price action is the most likely. Judging by a few technical indicators such as RSI and LSMA , this seems like the more likely scenario. Unless something changes within the next 1D before the candle closes (this does sometimes happen). So the most reliable thing to watch at this point is the weekly candle close which closes tomorrow.
From a technical indicator perspective, we also see high volume at this range. This means the price could be gearing up for a BIG Move in either direction and the weekly close will give a hint towards which direction this may be.
Have a great weekend ๐ฅ
_______________________
๐ขFollow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities ๐Hit like & Follow ๐
We thank you for your support !
CryptoCheck
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In case you're into Cardano , this one is for you :
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An update on Bitcoin considering the recent price action on SPY and the SuperTrend Indicator :
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discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
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