Looks like there will be an interesting week ahead
Based on the fact, that MACD and RSI broke into negative territory on the weekly chart, which it only did back in 2013/14 before the long consolidation phase, this is a very valid szenario.
Also weekly moving average was building resistance for first time in years.
(https://www.tradingview.com/chart/BTCUSD/RH4QT4TH-Weekly-moving-average-resistance-for-first-time-in-years/)
The fun fact is, that even if BTC will touch 3000, predictions for 30000 until summer 2018 are still not off the table, unless we are already in a consolidation phase compared to 2014.
Also weekly moving average was building resistance for first time in years.
(https://www.tradingview.com/chart/BTCUSD/RH4QT4TH-Weekly-moving-average-resistance-for-first-time-in-years/)
The fun fact is, that even if BTC will touch 3000, predictions for 30000 until summer 2018 are still not off the table, unless we are already in a consolidation phase compared to 2014.
Note
Somehow the precision of my prediction scares me ;)
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Publications connexes
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.