- Bitcoin is trading at 20405 at the time of writing this post.
- A weekly look (w) of the BTC indicates a possible fall and change in trend soon.
- The blue lines of the RSI and SMII indicators in a weekly framework are close to indicating a break with a bearish trend, the CCI, which always anticipates the movement, is already indicating a sale.
- Currently I am not operating, since the volatility of the next 15 days is going to be very high (many reports from the FED and the US market are expected) I simply await confirmation of the other two indicators (RSI and SMII), in the case For the drop to materialize, I hope it reaches 18,000 - 18,230 and rebounds upwards so that the upward trend of 2023 continues.
- Although the weekly RSI has been oversold for several weeks, the graph seems to indicate a very close drop. For this reason I do not think the drop will exceed 18,000.
Success and good trading to all