BitcoinLong
Bitcoin: Weekly Chart - April 2020
What can we see from the BTCUSD weekly chart?
1. Price is below the 21 MA ( bearish )
2. The MACD is below 0 and heading south ( bearish )
3. The RSI also looks like it's going to down and go into oversold territory ( bearish )
Short-term prediction
Price will return to test $5,800 level, thus taking RSI into oversold; this will be a nice time to buy some.
What are your predictions and why?
1. Price is below the 21 MA ( bearish )
2. The MACD is below 0 and heading south ( bearish )
3. The RSI also looks like it's going to down and go into oversold territory ( bearish )
Short-term prediction
Price will return to test $5,800 level, thus taking RSI into oversold; this will be a nice time to buy some.
What are your predictions and why?
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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.