BTC Weekly chart. When can we long?

Sep 1, 2020

XBTUSD has not had a weekly close above $11950, not a single time since the legendary 2017/18 bullrun. BTC has had many attempts since to close above but every single one of them has failed.

At the beginning of August, Bitcoin tried to close 2 more times above 11950 both unsuccessful but right now Bitcoin is pushing the level once again.

IF we can see weekly close in 5 days above 11950 I believe is the best time long it and long it hard.

Before confirmation be aware of the possibility of a small correction and consolidation towards 9.7k-10.5k levels.

Good luck trading frens!