BitcoinLong
Btcusd case study 2 weekly time frame
Looking at the double top on the weekly time frame seems like a strong possibity that a drop could happen
With I this year still
We seeing a slight up movement followed a range indicating that we are looking at a possible bearish flag 8n the making.
These kind of patterns on btc has worked and also proven useless.
As with previous pattern at support we could see a failure to break below 30k and keep this Level a weekly close below 28k would make this more bearish
The weekly ichimoku shows a bearish turn on the kujin and teksan
We still inside the cloud a break below might confirm a turn for the bears
Rsi is below 50
ADX shows neutral
D+&D- almost equal
The signal line 8s below 20 good sign for a fur. Bullish
Signals are mixed but at this point we. Could see a little bull push up to 45k I guess
But we are currently still in a box range right now so let's see where we break out between 65k and 30k.
Good luck
With I this year still
We seeing a slight up movement followed a range indicating that we are looking at a possible bearish flag 8n the making.
These kind of patterns on btc has worked and also proven useless.
As with previous pattern at support we could see a failure to break below 30k and keep this Level a weekly close below 28k would make this more bearish
The weekly ichimoku shows a bearish turn on the kujin and teksan
We still inside the cloud a break below might confirm a turn for the bears
Rsi is below 50
ADX shows neutral
D+&D- almost equal
The signal line 8s below 20 good sign for a fur. Bullish
Signals are mixed but at this point we. Could see a little bull push up to 45k I guess
But we are currently still in a box range right now so let's see where we break out between 65k and 30k.
Good luck
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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.
Related publications
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.