Crypto_Burger

BTC - Possible scenario for this week

BITFINEX:BTCUSD   Bitcoin
If you have been following me you'd see that Pinky (140 SMA) is quite the serious moving average especially on the daily for BTCUSD .

I don't see us breaking it up anytime soon to be honest (hopefully I'll be proven wrong and we all go to the moon and beyond) but I do believe that we will test it this week.

After a rejection from it I think we will bottom around the 1000 SMA. Hopefully we don't break it.

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.