BTC Weekly uptrend
Weekly close confirming the uptrend
- Above W50/100/200 SMA
- Three White Soldiers candlestick formation
- Broke downtrend resistance and horizontal S/R
- Back above the parabola trendline
- Increasing volume
There is one counter argument - The weekly Stoch RSI has crossed down in overbought territory. Backtested this has a very high strikerate for BTC but it doesn't live up against all the data above.
The current BTC weekly close confirms a full uptrend.
Don't be surprised if it accelerates upwards and continues bull trending.
Corrections are opportunities.
Weekly Bias : LONG
- Above W50/100/200 SMA
- Three White Soldiers candlestick formation
- Broke downtrend resistance and horizontal S/R
- Back above the parabola trendline
- Increasing volume
There is one counter argument - The weekly Stoch RSI has crossed down in overbought territory. Backtested this has a very high strikerate for BTC but it doesn't live up against all the data above.
The current BTC weekly close confirms a full uptrend.
Don't be surprised if it accelerates upwards and continues bull trending.
Corrections are opportunities.
Weekly Bias : LONG
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