$BTC update on weekly
Updated
So far, all my forecasts have been accurate, and on the weekly timeframe, you can see that we are heading towards a bullish MACD cross.
The RSI confirms this with a bullish divergence. It’s logical to expect another pump before the bear market, which will eventually reset the MACD into the lower red zone and the RSI into oversold territory (over the next 1-2 years according to the 1W timeframe).
In case of invalidation—if the MACD falls below my yellow line—we could enter the bear market early. While this is a possibility, it’s not the most likely scenario at this point.
The RSI confirms this with a bullish divergence. It’s logical to expect another pump before the bear market, which will eventually reset the MACD into the lower red zone and the RSI into oversold territory (over the next 1-2 years according to the 1W timeframe).
In case of invalidation—if the MACD falls below my yellow line—we could enter the bear market early. While this is a possibility, it’s not the most likely scenario at this point.
Note
Confirmation on 1D that we are heading to around68k before a local correction. I am seeing a lot of idea saying that we go to 58k, I do not see that in my charts.
You can clearly see that the MACD correction has taken place and we are going higher, that there are resistance line that are confirmed, and that the RSI is on an uptrend.
Let see if next week will confirm.
Note
Yes there is a bearish divergeance, but I do not see it in the price action.Trade closed: target reached
Another accurate forecast. Another update will be published. What will happen next?
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