thecharttechnician

A KEY CANDLE( Penultimate candle) to watch with BITCOIN.

BITSTAMP:BTCUSD   Bitcoin
Candle of interest (Penultimate candle) is marked on the chart. End of week close above or below this candle would suggest a re-test of two levels as shown(13800 on the upside or 3850 on the downside).
Which way ? Wait till bulls or bears make their move and show their strength as well as commitment.
This analysis is for educational purposes only.
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.