ElementalB

NOT TRADING ADVICE- BTC -WEEKLY

Long
ElementalB Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS
Been an unusual FUD 1st week of the month for BTC, but looks like a good pull through. With the help of the 3 and 5 day candle pushes.
Unexpected ninja needle low could be 41/42k, keeping an eye on the rsi as the blue needs to keep pushing to 40 and above (highlighted in red), but if BTC carries on moving up around the Ichi cloud then all could be real positive for the month.

Blue lines = support/resistance
Yellow lines = where the action play is
Purple lines = support.

TRADE SAFE!
Comment:
Playing the weekly. Needs to break 46600. This weeks' nasty ninja needle to 42940 did not help. Most likely if cannot break, it may go back to 45k to collect the deficit.
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.