BTC and its uncertainty
The week closed at 46.407
The formed "doji" speaks of uncertainty in the market.
+The price is above MA50 (history shows that each exit above MA50 was accompanied by a further upward movement)
+The ROS is in the support zone of 38.000-40.000
+The RSI is fixed above the level of 50
- Delta is negative (-239M)
- The price is in the resistance zone of 45.000-47.000 (They could not secure the exit at the beginning of the week)
- MA200 (1D TF) acts as resistance
- We are approaching the down trend on the RSI.
The formed "doji" speaks of uncertainty in the market.
+The price is above MA50 (history shows that each exit above MA50 was accompanied by a further upward movement)
+The ROS is in the support zone of 38.000-40.000
+The RSI is fixed above the level of 50
- Delta is negative (-239M)
- The price is in the resistance zone of 45.000-47.000 (They could not secure the exit at the beginning of the week)
- MA200 (1D TF) acts as resistance
- We are approaching the down trend on the RSI.
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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.