BTC is still in a favorable and bullish channel, despite the fear created in recent days.
I remain positive and if I look at the conformations and a flag that is still very stable at 60k.
Looking closely at the weekly ranking it seems a sort of replay (between January and March 2020) that can still give hope to a new ATH.
As the last valid support I will consider the 11 period MA on weekly TF as the last support, if it ever breaks we will update it !!
What I said at the end if you want you can see for yourself, BTC has a lot of respect for BBs and most of the time whenever it has been off the bands it immediately comes back to a stable price, usually not absolutely safe, but historically seems to follow BB well
What do you think?
I remain positive and if I look at the conformations and a flag that is still very stable at 60k.
Looking closely at the weekly ranking it seems a sort of replay (between January and March 2020) that can still give hope to a new ATH.
As the last valid support I will consider the 11 period MA on weekly TF as the last support, if it ever breaks we will update it !!
What I said at the end if you want you can see for yourself, BTC has a lot of respect for BBs and most of the time whenever it has been off the bands it immediately comes back to a stable price, usually not absolutely safe, but historically seems to follow BB well
What do you think?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.