BTCUSD - Will the trend finally fail?
Price would need to close above $5500 during today's weekly close to maintain, what some may call bitcoin's last moving support. This is non-other than the big 200 weekly MA! This support has been maintained from the genesis of bitcoin.
If price closes above it, there will be a renewed hope for some bulls that in the long run, price will respect stock to flow.
If price closes below it, that would not be good for the bulls and more uncertainty and fear will continue.
However, if the price closes between $5000 and $5500, we would give it a couple of weekly closes to confirm the next trend.
limit greed,limit fear, maximize profit in the long run!
Stay safe and have a happy weekend traders :)
If price closes above it, there will be a renewed hope for some bulls that in the long run, price will respect stock to flow.
If price closes below it, that would not be good for the bulls and more uncertainty and fear will continue.
However, if the price closes between $5000 and $5500, we would give it a couple of weekly closes to confirm the next trend.
limit greed,limit fear, maximize profit in the long run!
Stay safe and have a happy weekend traders :)
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Smart Crypto Association [ SCA ]
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。