Bitcoin Analysis till EOY
Weekly Resistance - A Resistance on Weekly Timeframe. Breaking this level means a confirmed weekly uptrend.
Daily Support - It's a support level on Daily Chart. If we break this, we are tend to go towards 200 MA.
200MA - It's a Weekly 200 Moving Average. This is the point from where BTC will revert back i.e. move Upwards.
Weekly Support - It's a support trendline on Weekly Chart since July 2017. It's a worst case scenario.
I think, BTC will break the Daily Support to reach 200MA and will move back up for a new ATH.
Let me know what do you think about it.
Weekly Resistance - A Resistance on Weekly Timeframe. Breaking this level means a confirmed weekly uptrend.
Daily Support - It's a support level on Daily Chart. If we break this, we are tend to go towards 200 MA.
200MA - It's a Weekly 200 Moving Average. This is the point from where BTC will revert back i.e. move Upwards.
Weekly Support - It's a support trendline on Weekly Chart since July 2017. It's a worst case scenario.
I think, BTC will break the Daily Support to reach 200MA and will move back up for a new ATH.
Let me know what do you think about it.
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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.