BitcoinUpdated Bitcoin - how to trade & weekly forecast
-MACD baselines near bearish crossing which brings sellers into the market
-RSI near channel resistance, market need more volume to break above
-market price retraced from 0,5 fibonacci line (golden ratio) which implements further correction down movement and a usual strong trend
-market volume getting lower and lower which implements big incoming price movement
-the Bollinger Bands have tightened strongly which also indicates a strong price movement in the near future
good luck and a good start into the new week to all :)
-RSI near channel resistance, market need more volume to break above
-market price retraced from 0,5 fibonacci line (golden ratio) which implements further correction down movement and a usual strong trend
-market volume getting lower and lower which implements big incoming price movement
-the Bollinger Bands have tightened strongly which also indicates a strong price movement in the near future
good luck and a good start into the new week to all :)
Trade closed: target reached
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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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.
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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.