marketmind3

BTCUSD - Bitcoin Weekly Charts Still Showing No Weakness

Long
BITFINEX:BTCUSD   Bitcoin
Simple charts work best usually and the most basic technicals show nothing to be worried about with Bitcoin BTCUSD. Holding right at the resistance level, with no clear rejection and no signs of any divergence on MACD or DMI. In fact, weekly technicals are as smooth as you could ask for. With the momentum BTC trades with, usually better to err on the side of being Long as long as even a few signals are bullish.

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.