BTCUSD - Will the trend finally fail?
Price would need to close above $5500 during today's weekly close to maintain, what some may call bitcoin's last moving support. This is non-other than the big 200 weekly MA! This support has been maintained from the genesis of bitcoin.
If price closes above it, there will be a renewed hope for some bulls that in the long run, price will respect stock to flow.
If price closes below it, that would not be good for the bulls and more uncertainty and fear will continue.
However, if the price closes between $5000 and $5500, we would give it a couple of weekly closes to confirm the next trend.
limit greed,limit fear, maximize profit in the long run!
Stay safe and have a happy weekend traders :)
If price closes above it, there will be a renewed hope for some bulls that in the long run, price will respect stock to flow.
If price closes below it, that would not be good for the bulls and more uncertainty and fear will continue.
However, if the price closes between $5000 and $5500, we would give it a couple of weekly closes to confirm the next trend.
limit greed,limit fear, maximize profit in the long run!
Stay safe and have a happy weekend traders :)
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Smart Crypto Association [ SCA ]
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.