TradingView
InvestmentsHub
Feb 22, 2021 7:56 PM

$BTC - Everything is mathematical  

Bitcoin / US DollarBittrex

Description

Here, I am using the logarithmic indicator which has actually provided good SR levels for price movement
We bounced from it almost to the dollar earlier today and the last bull run was capped by it perfectly
If this week closes below last weeks close of $57600 we confirm weekly bearish divergence on the RSI
I believe that could take us back to 40K to completely clear those levels - which would take us to the centre logarithmic curve with a likely wick to 0.382 fib
The EMA's are also scarily far away
Eye's closely on price action today and weekly close!



Comments
chrissluczak
Great analysis! Thank you for sharing.
InvestmentsHub
@chrissluczak, cheers mate!
More