Bitcoin Weekly easy chart
I like this chart. So very easy to see whats what and look where PA is currently
The coloured bands show borders of historical Support / Resistance
PA is currently up against stiff resistance and everything points towards a pull back in PA, to reset MACD etc.
A Technical Target is the 0.618 Fib line around 25200 ( though I have a buy order at 24800 )
If you look back along the line of resistance PA is currently banging up against, you can see it was STRONG support in the 2021 Bull Run and there is every reason to expect that again once PA breaks through
It is possible PA may break through before it cools off and so this ia a time to watch close. However, a number of things seem to point to a range / pull back for a bit
Over all Very Bullish currently though Fundimentals are building up ina negative way With SEC etc beginning to fight hard in the TradFi corner. The BANKING industry is not going to give up its dominance easily. So, be prepared, be safe and trade cautiously.
The coloured bands show borders of historical Support / Resistance
PA is currently up against stiff resistance and everything points towards a pull back in PA, to reset MACD etc.
A Technical Target is the 0.618 Fib line around 25200 ( though I have a buy order at 24800 )
If you look back along the line of resistance PA is currently banging up against, you can see it was STRONG support in the 2021 Bull Run and there is every reason to expect that again once PA breaks through
It is possible PA may break through before it cools off and so this ia a time to watch close. However, a number of things seem to point to a range / pull back for a bit
Over all Very Bullish currently though Fundimentals are building up ina negative way With SEC etc beginning to fight hard in the TradFi corner. The BANKING industry is not going to give up its dominance easily. So, be prepared, be safe and trade cautiously.
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