BTC running out of steam on the Weekly
Updated
Weekly Timeframe:
This looks like a classic "w" formation or double bottom pattern.
For those looking for a good entry into another long set up, I would wait for a retest of the old resistance now turned support around the 30,500 level.
This area coincides with the .5 to .618 fib level.
RSI is at a key level that often signifies a reversal just above 70.
Not financial advice, do your own DD.
Good luck everyone!
This looks like a classic "w" formation or double bottom pattern.
For those looking for a good entry into another long set up, I would wait for a retest of the old resistance now turned support around the 30,500 level.
This area coincides with the .5 to .618 fib level.
RSI is at a key level that often signifies a reversal just above 70.
Not financial advice, do your own DD.
Good luck everyone!
Comment
Related publications
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.