Bitcoin (1W) Chart Signals & Analysis
- We are looking at a lower high on the weekly time frame. This weeks candle is about to close.
- Notice the last two red candles, both have a long wick pointing down and above average (high) bear .
- Bitcoin grew from $3120 to $13,800+, after such grow, a retrace is as normal as it goes.
- The hit its highest level since October 2017, it reached overbought and now is looking down and .
Yes... Bitcoin will move up... but only after moving lower... IT IS THE ALTCOINS TURN!
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Conditions for change: If BTCUSD moves and closes above the last high, the above signals are invalidated.