In my previous weekly timeframe analysis, I expected the price action to create a wick around $54,000-$56,000 before closing around $58,000 to end the week. And that is exactly what happened.
Now that we have a new weekly candle, what should we expect for this week? I’m expecting the price action to at least touch the 40-EMA on the weekly timeframe (currently sitting at $56,264) before creating a rejection and pushing the price to possibly break $60,000-$62,000, which is currently acting as crucial resistance. Hopefully, we’ll see BTC retesting the high of the downward channel this week (around $67,000).
I’m looking for opportunities to enter the market this week. Stay tuned.
PREVIOUS ANALYSIS :
https://www.tradingview.com/chart/BTCUSDT/wr9aHxWc-BTC-USDT-Updated-Market-Outlook-for-This-Week-What-to-Expect/
Now that we have a new weekly candle, what should we expect for this week? I’m expecting the price action to at least touch the 40-EMA on the weekly timeframe (currently sitting at $56,264) before creating a rejection and pushing the price to possibly break $60,000-$62,000, which is currently acting as crucial resistance. Hopefully, we’ll see BTC retesting the high of the downward channel this week (around $67,000).
I’m looking for opportunities to enter the market this week. Stay tuned.
PREVIOUS ANALYSIS :
https://www.tradingview.com/chart/BTCUSDT/wr9aHxWc-BTC-USDT-Updated-Market-Outlook-for-This-Week-What-to-Expect/
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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.
Join my VIP group: t.me/CryptoOverseerX Special price for the first 10 members. Money-back guarantee if no profit in 3 months! For more, visit overseer-x.com/. Free group: t.me/CryptoOverseerXFree
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.