BitcoinLong
Current thesis BTC.
Showing slight weakness on this pump above ATH's (Bearish Div) - Weekly & Daily. (Volume falling despite price climbing) - weekly.
However BTC being parabolic i do think we can continue further after this daily retest of the previous high.
one thing i will be looking at is the candlestick closure of the WEEKLY, if this closes in a bearish formation OR under the prev high i will be looking for a pullback to 50k - 52k. ----this area is the body of the prev impulse also it lines up with the weekly trend line i have drew. as well as it being the 0.1618 retracement level.
once the pullback has occurred we will then continue higher.
However BTC being parabolic i do think we can continue further after this daily retest of the previous high.
one thing i will be looking at is the candlestick closure of the WEEKLY, if this closes in a bearish formation OR under the prev high i will be looking for a pullback to 50k - 52k. ----this area is the body of the prev impulse also it lines up with the weekly trend line i have drew. as well as it being the 0.1618 retracement level.
once the pullback has occurred we will then continue higher.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.