BTC Weekly Long prediction
I'm noticing a very bullish upcoming month on the weekly chart, the MACD just turned positive and the Stoch just touched the bottom 20 mark.
The daily chart however seems bearish with the stoch going over 80 and the MACD is about to turn negative.
I can see it retesting 39k based on a lower low trendline and bouncing from there.
It also is fairly undervalued in the stock to flow chart and waiting to spike, relative to the upcoming halving that is, which you can see on the hash ribbon indicator.
The daily chart however seems bearish with the stoch going over 80 and the MACD is about to turn negative.
I can see it retesting 39k based on a lower low trendline and bouncing from there.
It also is fairly undervalued in the stock to flow chart and waiting to spike, relative to the upcoming halving that is, which you can see on the hash ribbon indicator.
Note
It's scary how close it's following my arrows. I've changed some indicators but still seeing the same results, my weekly 2sma (6 and 20 pulling from the close as my input) just crossed into a bullish direction and the monthly MACD looks like its going to break by the beginning of May. I'm only hoping that it can successfully break through that 40-42k barrier and we can hit a higher high.
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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.