Weekly moving average resistance for first time in years
Hi Tradingview,
As you can see the moving average has been support since 2015.. But this week it seems to be resistance. Obviously dont mean anything but its interesting to note. Better safe than sorry, dont hold your longs for long.
As you can see the moving average has been support since 2015.. But this week it seems to be resistance. Obviously dont mean anything but its interesting to note. Better safe than sorry, dont hold your longs for long.
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So heres what i think will happen: Next week a boost to $11k but the weekly will close underneath the moving average and a bear trend of sorts continue.
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Bitcoin clawing its w ay through that moving average. Slightly pointing up now. Pretty bullish.