BTC weekly chart not screaming buy
Its easy to get distracted checking the 30min chart every few minutes to check in on the most recent volatility but on the longer term chart some warning signs are still flashing:
Some support below : 50% retracement line and the 10 week MA.
More volatility expected but neutral rating from me
- MACD crossover / turning down
- RSI below 50
- Possible formation of long term head and shoulders set up
- Significant volume support on the current uptrend much lower, not a ton of volume directly below
Some support below : 50% retracement line and the 10 week MA.
More volatility expected but neutral rating from me
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.