Bitcoin Weekly Analysis
- Sell Signal Below Resistance Trend Line
- Squeeze between EMA 144 and 233
- RSI Picking Up
- MACD Neutral/Descending
Looking back to 2020 we can see a similar pattern.
What this mean?!?....
Well, it can repeat the same pattern that seems more sensible to me or in case of breaking the EMA 233 we will see a continuation of the downtrend towards the $10,000 region.
It was like this throughout September, squeeze between the two EMAs.
We will definitely have a lot of volatility this month and perhaps until the end of the year.
- Squeeze between EMA 144 and 233
- RSI Picking Up
- MACD Neutral/Descending
Looking back to 2020 we can see a similar pattern.
What this mean?!?....
Well, it can repeat the same pattern that seems more sensible to me or in case of breaking the EMA 233 we will see a continuation of the downtrend towards the $10,000 region.
It was like this throughout September, squeeze between the two EMAs.
We will definitely have a lot of volatility this month and perhaps until the end of the year.
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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.
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.