NasirCrypto

BTC /USD (Interval 1W)

Short
BITSTAMP:BTCUSD   Bitcoin
From 8th November till now on a weekly chart we see every week candle closed with a low price, This week another low printed which is not good. Price action is within ascending channel and below mid-range so we have $42k on cards. BTC has to close above mid-range in coming week otherwise we may see more retracement. For now bears are in full control although we do have strong buy walls around 44k-45k range but lets see if this holds but things are looking a bit shaky.

if you want to get daily future/spot calls, Join our Premium discord by clicking on the following link

discord.gg/v7xWC7XDpN
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.