I am staying glued to the weekly chart for BTC right now and i think you should do same for whatsoever it is you are trading on right now.
This weekly closing will determine the next pace of things. Daily Tf and all the lower tf are bearish with some screaming oversold on the RSI with an impending reversal.
I don't trust Fibs but to support my idea, a reversal around 44k/40,5k on the weekly(s) will likely happen. Yes...we are going to have a reversal and make an up move to like 47k- 48k and then head back down again for series of retest. What I don't know if it will happen all at the same time or like in stages which means i don't know for like how many weeks we are going to trade in the forties...
So we wait & Watch!
This weekly closing will determine the next pace of things. Daily Tf and all the lower tf are bearish with some screaming oversold on the RSI with an impending reversal.
I don't trust Fibs but to support my idea, a reversal around 44k/40,5k on the weekly(s) will likely happen. Yes...we are going to have a reversal and make an up move to like 47k- 48k and then head back down again for series of retest. What I don't know if it will happen all at the same time or like in stages which means i don't know for like how many weeks we are going to trade in the forties...
So we wait & Watch!
