Melupira89

The weekly on btcusd.

BITFINEX:BTCUSD   Bitcoin
Weekly candle that expresses volatility and directionality, the perfect mix for a strong and constant trend. The rise is evident to everyone now, a break of the highs at 49k usd would lead to the test of the highest resistances such as 58k usd for example. This scenario would put an end to the intermediate-term correction and with a resumption of the bullish trend, we could witness a moment of fomo. The opposite scenario is very difficult to imagine now, something truly sensational would be needed to crush a bullish trend like this.
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.