Today we are going to see the extended triangle model that is forming the price of the BTC /USD pair in weekly candlesticks, below of the pattern we have left the acclaimed 200-period moving average (200MA), one of the most important resistence on the bitcoin cycles, we are below that resistence but only temporary. RSI in addition touches on the relative outside lows (oversold). Last cycle ATH is making furthermore a Buying level.
A possible trend change is coming around that leves in the next weeks/months.
Remember that it's very important to have liquidity for these macro-scale price action zones.
I hope that this analysis will be of great help to those who doubt about entries in these areas
;D
A possible trend change is coming around that leves in the next weeks/months.
Remember that it's very important to have liquidity for these macro-scale price action zones.
I hope that this analysis will be of great help to those who doubt about entries in these areas
;D
