ProfitHarvest

[BTC] Weekly Treasure Hunt: Price Has Some BIG Decisions to Make

BITSTAMP:BTCUSD   Bitcoin
If Price manages to hold in the purple zone through the down resistance, we'll probably see a bullish continuation next.

However, I think the DTs will win out here taking Price down to 18.5 at least, maybe 17k.

RSI getting wedged hard between the uptrend (white) and downtrends (purple and yellow), expecting this to break down for a little bit here before reclaiming the uptrend.

Comment:
Wow, look at that guys, at the divergence it's makin one last shot to hold the upchannel, lets see if it can pull it off!
Comment:
EHHHH... Rejected!

Looks like sideways is path of least resistance here...

Data analyst with a passion for best fit lines B)
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.