BitcoinShort
Bitcoin BTC Weekly Candlestick Analysis
Hi Traders, Investors and Speculators 📉📈
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
Let's take a quick look at Bitcoin - from a chart analysis , we see multiple confirmations of price weakness. This basically implies : There is not enough buying pressure / demand within the current zones that we are trading OR there is too much selling pressure / supply in the current zones . This furthermore would imply that either demand needs to pick up or the price will fall lower to find sufficient demand.
In other cryptocurrency markets :
⁕ Ethereum ETH loses $1150 as it follows BTC down
⁕ ADAUSDT loses gains
⁕ DOGEUSDT looks bearish
⁕ SHIBUSDT loses 5% over the weekend
I expect this week to be a red week across the markets. Short term corrective buying pressure has mostly run out (dead cat bounces).
_________________
👀 Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎
👍Hit like & Follow 🔔
We thank you for your support !
CryptoCheck
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year.
Let's take a quick look at Bitcoin - from a chart analysis , we see multiple confirmations of price weakness. This basically implies : There is not enough buying pressure / demand within the current zones that we are trading OR there is too much selling pressure / supply in the current zones . This furthermore would imply that either demand needs to pick up or the price will fall lower to find sufficient demand.
In other cryptocurrency markets :
⁕ Ethereum ETH loses $1150 as it follows BTC down
⁕ ADAUSDT loses gains
⁕ DOGEUSDT looks bearish
⁕ SHIBUSDT loses 5% over the weekend
I expect this week to be a red week across the markets. Short term corrective buying pressure has mostly run out (dead cat bounces).
_________________
👀 Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎
👍Hit like & Follow 🔔
We thank you for your support !
CryptoCheck
Discord Server
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
discord.gg/xHJRka3
Cryptocheck Website
thecryptocheck.com
SoftQuant Website
softquant.io
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.