Hi Traders, Investors and Speculators of Charts📈📉
Although BTC is heavily overbought in the weekly timeframe, Bitcoin has previously proven it can trade overbought for many weeks before a large pullback. Often, this is when the biggest increase happen percentage wise (after the first Overbought signal).
Decembers are usually green months for BTC, this is another confirmation that we may see more increase. The technical indicators in all timeframes are also flashing bullish, meaning another push upwards is likely for this week.
The Bollinger Bands can be a great strategy for identifying potential bounce- and rejection zones.
Incase you missed it! The latest ETH updates are here👇:
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BTCUSD BTCUSD BTCUSD BTCUSD 
BTCUSDT
Although BTC is heavily overbought in the weekly timeframe, Bitcoin has previously proven it can trade overbought for many weeks before a large pullback. Often, this is when the biggest increase happen percentage wise (after the first Overbought signal).
Decembers are usually green months for BTC, this is another confirmation that we may see more increase. The technical indicators in all timeframes are also flashing bullish, meaning another push upwards is likely for this week.
The Bollinger Bands can be a great strategy for identifying potential bounce- and rejection zones.
Incase you missed it! The latest ETH updates are here👇:
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
BTCUSD BTCUSD BTCUSD BTCUSD BTCUSDT Trade closed: target reached
BTC: After another push upwards, I'm expecting sideways trading at this zone :Could see altcoins catch-up to BTC here.
Note
Blue/red candle in the 3D is overdue so take note.Note
Thinking we go sideways here for a while:Note
Friendly reminder that this is possible, it will still be bullish, it will still be higher lows:Note
Key bounce zones to watch:Using Bollinger Bands on smaller timeframes will be very helpful for short term swings.
Note
Seems like we may be repeating this sideways trading for a few days:Note
Watching the weekly close on BTC, above or below the support zone:Note
Expecting continued range trading from BTC for the next few days:Note
Looking for promising altcoins to invest in 2024? Find our TOP 20 here:
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discord.gg/xHJRka3
Cryptocheck Website
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SoftQuant Website
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Related publications
Disclaimer
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Discord Server
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
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.