sailortrades

Bitcoin moment of Truth (Weekly Analysis)

BITSTAMP:BTCUSD   Bitcoin
And the big question atm is...

Who will win this Resistance level zone?!?!?🤔🤔🤔
Bulls?!? Bears?!?!

- RSI overbought and crossing downwards
- Momentum crossing downwards as well

Breaking upwards of this Resistance box my target is between $85K & $95K
Breaking downwards there are 2 support zones to consider for a bounce
1- $51.6K & 48K
2- $42.8K & $38.7K

With all said we all know BTC is different beast.

Always wait for breakouts or scalp LTF.

Smooth seas do not make skillful sailors.
Smooth markets do not make skillful traders.
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.