Looking at BTC on the weekly we can get a good idea of where the price may head to.
The RSI has been overbought which has not happened since the last bull run.
We should see strong support at 38 fibs
IMO we may head back down to the 50.0 fibs which would line up with the over trend and make for a healthy bounce form there.
ENJOY
The RSI has been overbought which has not happened since the last bull run.
We should see strong support at 38 fibs
IMO we may head back down to the 50.0 fibs which would line up with the over trend and make for a healthy bounce form there.
ENJOY
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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.