Looking at BTCUSD on the Weekly.
It has failed 5x to break what is now a Strong Weekly Resistance. With the weekly candle closing tomorrow morning I am expecting to see some fireworks if it fails again.
RSI is trending down nicely with a retest about to occur. MACD has crossed Bearish but hasn't yet widened.
For me I am paying close attention to the 20 Moving Average. If we approach this then watch carefully.
Also identified is the Weekly Support which just so happens to align closely with the Uptrend Trendline.
What way do you have this going???
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
It has failed 5x to break what is now a Strong Weekly Resistance. With the weekly candle closing tomorrow morning I am expecting to see some fireworks if it fails again.
RSI is trending down nicely with a retest about to occur. MACD has crossed Bearish but hasn't yet widened.
For me I am paying close attention to the 20 Moving Average. If we approach this then watch carefully.
Also identified is the Weekly Support which just so happens to align closely with the Uptrend Trendline.
What way do you have this going???
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."