BTCUSD WEEKLY: BULLS PUSHING
Hello guyzz and gerlzz!
So #BTC has proved very strong and majority of alts are trying to keep up the pace but still lagging.
In so far every next resistance has been met via consolidation rather a pullback which signals about the strength of buyers.
Weekly bar closed respectful of resistance 9559 which leaves a greater degree of uncertainty than most of crypto community would like to see.
I want to remind you all that we are still under major resistance and move down is a possibility until proven otherwise.
Closing daily bars above 9559 level will be a great sign fo bulls!
In case of a pullback I will be looking for the next levels:
9145 has proven strong, providing dynamic price reaction when touching the level
8910 remains a major naked (untouched) bullish level
8200-8060 is quite naked as well but I wouldn't like to see it any time soon for a progressive move up story
Successful breakout through 9559 would to me open up a new trading range to 11595
Good luck to you all!
Please please please!!! DO NOT forget to comment and like my analysis, agree or disagree, regard to disregard! Action is better than no action! Appreciate it!
So #BTC has proved very strong and majority of alts are trying to keep up the pace but still lagging.
In so far every next resistance has been met via consolidation rather a pullback which signals about the strength of buyers.
Weekly bar closed respectful of resistance 9559 which leaves a greater degree of uncertainty than most of crypto community would like to see.
I want to remind you all that we are still under major resistance and move down is a possibility until proven otherwise.
Closing daily bars above 9559 level will be a great sign fo bulls!
In case of a pullback I will be looking for the next levels:
9145 has proven strong, providing dynamic price reaction when touching the level
8910 remains a major naked (untouched) bullish level
8200-8060 is quite naked as well but I wouldn't like to see it any time soon for a progressive move up story
Successful breakout through 9559 would to me open up a new trading range to 11595
Good luck to you all!
Please please please!!! DO NOT forget to comment and like my analysis, agree or disagree, regard to disregard! Action is better than no action! Appreciate it!
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Related publications
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.