A simple chart can tell you so much, without indicators and other tools, sometimes the view can be so clear.
Taking a look at
BTC we see the first challenge it needs to overcome is the last high at $52k which was in late august.
After we close above that price on the weekly chart we can expect to see $60k btc. Again, we will battle that area and upon close above there we will surpass the last ATH and create new highs!
However if we fail to close above $52k this week, we can expect some short term retracement.
- Line charts are crucial in determining direction of price, as they represent the closing price.
Taking a look at
BTC we see the first challenge it needs to overcome is the last high at $52k which was in late august.After we close above that price on the weekly chart we can expect to see $60k btc. Again, we will battle that area and upon close above there we will surpass the last ATH and create new highs!
However if we fail to close above $52k this week, we can expect some short term retracement.
- Line charts are crucial in determining direction of price, as they represent the closing price.
Lets talk charts
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.
Lets talk charts
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.