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marketmind3
May 7, 2019 2:28 PM

BTCUSD - Bitcoin Weekly Charts Still Showing No Weakness Long

Bitcoin / DollarBitfinex

Description

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.
Comments
BitcoinBearSlayer
When we get the weekly cross we should be well on our way to a new up trend.

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