BTC update
Updated
Still below 46k but I think we may see a move above, either this weekend or early next week.
My thoughts are on the chart.
Monthly chart looks bullish, a large re-accumulation range that has lasted for over a year and is currently plotting higher highs and higher lows.
Weekly chart as it stands now would be a bullish close. Above 41600 on close would be a win for the bulls.
Still work to do but I think the local bottom is in and next is mark up.
What are your thoughts?
My thoughts are on the chart.
Monthly chart looks bullish, a large re-accumulation range that has lasted for over a year and is currently plotting higher highs and higher lows.
Weekly chart as it stands now would be a bullish close. Above 41600 on close would be a win for the bulls.
Still work to do but I think the local bottom is in and next is mark up.
What are your thoughts?
Note
At the key area of resistance, would like to see BTC consolidate and cool off RSI before pushing through and beyoond 46k.
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.