BTC oversold in weekly timeframe time to go long
Updated
we see BTC on weekly here. 8 Weeks of going down is not normal (although the macro economic are not good in the world). I expect a bounce from here (see the down channel) and we might very well visit 35k+ again in the coming weeks.
At this point is a gamble... but I see the chance of going higher more than 50% ...so I go with it :)
At this point is a gamble... but I see the chance of going higher more than 50% ...so I go with it :)
Note
going as expected.... hopefully holds the momentum :)Note
I am still in the camp that we see couple of weekly highs at the very least.... if we today close above 29100 we will have the first of those green weeks :)Note
First green week confirmed :)
I am the defender of the retail against the wolves of the wall street
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.