This is another chart I have been keeping an eye on recently, the weekly bitcoin chart.
You can see from the indicators here that bitcoin is currently up near the daily resistance trend line as indicated by trendsurfer as a solid yellow horizontal at $24K just above current candle.
FATS is showing levels to place orders at $28K at 0.236 fib and then $35K is indicated above that at the 0.382 fib as a dashed green line indicating it might be possible too, With $16K indicated in white at the bottom of all this as the lowest level which has been acting as support.
There is also a huge double bullish divergence formed on Squeeze MOM indicator, which is visible on the Stoch RSI as well (not shown here).
We have also got our first green upward histogram showing on SQZMOM+ now for this week with two upward green arrows under and a grey regular squeeze indicator above.
All worth keeping an eye on I think!
You can see from the indicators here that bitcoin is currently up near the daily resistance trend line as indicated by trendsurfer as a solid yellow horizontal at $24K just above current candle.
FATS is showing levels to place orders at $28K at 0.236 fib and then $35K is indicated above that at the 0.382 fib as a dashed green line indicating it might be possible too, With $16K indicated in white at the bottom of all this as the lowest level which has been acting as support.
There is also a huge double bullish divergence formed on Squeeze MOM indicator, which is visible on the Stoch RSI as well (not shown here).
We have also got our first green upward histogram showing on SQZMOM+ now for this week with two upward green arrows under and a grey regular squeeze indicator above.
All worth keeping an eye on I think!
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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.