mvhguy

Bitstamp Weekly

Short
BITSTAMP:BTCUSD   Bitcoin
1
This very simplistic weekly chart of BTC leaves me wondering where the energy to drive a new ATH is going to come from without a deeper correction. There is a major divergence in the RSI as well as a wide open Bollinger Band. The channel may hold us but it may not. Time will tell.
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.