24/04/23 Weekly outlook
Last weeks high: $30480.8
Last weeks low: $28770.3
Midpoint: $27059.7
Last week BTC erased the previous 2 weeks worth of progress and finished the week at just above the 27k mark, considerably under the 1H 200EMA.
The question is where does BTC find support? I've mentioned previously that the 25.2k area is an area I'm keeping my eye on, I would like to see it retested with a convincing and strong reaction off that level to really confirm that we've broken out of the previous range from thew 15k lows to 25k that we were stuck in for nearly a year. However, this would break bullish price structure and print a new lower high.
I would like to build longs around that 25.2k area if it were to get that strong reaction. until then BTC is in limbo and not really showing any obvious direction to me.
Last weeks low: $28770.3
Midpoint: $27059.7
Last week BTC erased the previous 2 weeks worth of progress and finished the week at just above the 27k mark, considerably under the 1H 200EMA.
The question is where does BTC find support? I've mentioned previously that the 25.2k area is an area I'm keeping my eye on, I would like to see it retested with a convincing and strong reaction off that level to really confirm that we've broken out of the previous range from thew 15k lows to 25k that we were stuck in for nearly a year. However, this would break bullish price structure and print a new lower high.
I would like to build longs around that 25.2k area if it were to get that strong reaction. until then BTC is in limbo and not really showing any obvious direction to me.
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.
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.