phoneywc

Battle behind the scenes (1W time frame)

INDEX:BTCUSD   Bitcoin / U.S. Dollar
Last week's BTC fight has been tremendous, as it manages to *uncross* the VWMA / SMA50 with a 11.67% rally over 7 days.

As the bullish Golden Cross structure is now still back to active ( VWMA > SMA50 > SMA200). I do think this is set to continue in the current week.

Bear case:
Breakdown AND close below the trendline (42k) at the end of this Weekly candle, and have the VWMA / SMA50 crossover happen once again at the next Weekly candle.