BitcoinLong
Current thesis BTC.
Showing slight weakness on this pump above ATH's (Bearish Div) - Weekly & Daily. (Volume falling despite price climbing) - weekly.
However BTC being parabolic i do think we can continue further after this daily retest of the previous high.
one thing i will be looking at is the candlestick closure of the WEEKLY, if this closes in a bearish formation OR under the prev high i will be looking for a pullback to 50k - 52k. ----this area is the body of the prev impulse also it lines up with the weekly trend line i have drew. as well as it being the 0.1618 retracement level.
once the pullback has occurred we will then continue higher.
However BTC being parabolic i do think we can continue further after this daily retest of the previous high.
one thing i will be looking at is the candlestick closure of the WEEKLY, if this closes in a bearish formation OR under the prev high i will be looking for a pullback to 50k - 52k. ----this area is the body of the prev impulse also it lines up with the weekly trend line i have drew. as well as it being the 0.1618 retracement level.
once the pullback has occurred we will then continue higher.
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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.