Bounced off weekly upper Bollinger Band
Medium-term neutral. BTCUSD is no longer pushing the weekly upper Bollinger Band, as it missed the BB two weeks ago, and last week bounced off it (though it did pierce through, which is positive).
Still, now there is an increased chance that the 21-week EMA will catch up to price. In bull runs, the 21-week EMA has been an excellent accumulation area. See my previous posts for more information.
Still, now there is an increased chance that the 21-week EMA will catch up to price. In bull runs, the 21-week EMA has been an excellent accumulation area. See my previous posts for more information.
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.