BitcoinLong
BTC: Weekly Double Bottom?
There are some strong signals coming up on the weekly chart lately, such as the hash ribbons indicator, the bullish divergence on the RSI, and possibly a double bottom formation between 18K - 20K.
I'm thinking that BTC will retest the 200W MA sometime soon. Also, don't forget the bearish divergence on the DXY. I've been pointing it out since July.
Here is my DXY chart:
I'm thinking that BTC will retest the 200W MA sometime soon. Also, don't forget the bearish divergence on the DXY. I've been pointing it out since July.
Here is my DXY chart:
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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.