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LA_Designer
Oct 31, 2022 1:40 PM

BTC: Bitcoin vs the 20W MA + Weekly RSI Breakout Long

Bitcoin / United States DollarCoinbase

Description

BTC is currently contesting the 20-week MA (white) as resistance. A weekly close above it would then contest the 200-week MA (red) at around 24K.

The weekly RSI has also broken both downtrend lines of resistance, depending on how you draw it.

Bearish only if BTC gets a weekly close below 17.6K
Comments
SwallowPremium
This scenario is definitely possible, amazing job!
LA_Designer
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