BTC
Comparing the two yellow boxes and considering the position of the candlesticks in relation to Kijun Line (Base Line) and EMA50 & 100 in the weekly time frame, there is a possibility that the bitcoin trend will continue to rise. But only if supported by the Midline Channel and the Keijun Sen line.
If these support areas are lost, the next support areas are shown by green lines in the chart.
If these support areas are lost, the next support areas are shown by green lines in the chart.
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.