XBTUSD has not had a weekly close above $11950, not a single time since the legendary 2017/18 bullrun. BTC has had many attempts since to close above but every single one of them has failed. At the beginning of August, Bitcoin tried to close 2 more times above 11950 both unsuccessful but right now Bitcoin is pushing the level once again.
IF we can see weekly close in 5 days above 11950 I believe is the best time long it and long it hard.
Before confirmation be aware of the possibility of a small correction and consolidation towards 9.7k-10.5k levels.
Good luck trading frens!
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.
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.