Bitcoin correction Weekly chart
https://www.tradingview.com/chart/BTCUSD/LTN9FOHM-Bitcoin-correction/
On the daily chart I show you that there are a lot of signs suggesting us a possibile correction..
If we analyse the weekly charts we can see also that the price is following the 2014 pattern..
It has broken the first trend line and the candles start to be compressed..
If we look the RSI is also very near the place of the 2014.. The same thing happens on the other indicator..
If the price continue to follow the 2014 pattern the it will fall down to 4000 zone in July- Sept near the bullish longterm trend line ..
At this price I will enter again in the market..
Luca
On the daily chart I show you that there are a lot of signs suggesting us a possibile correction..
If we analyse the weekly charts we can see also that the price is following the 2014 pattern..
It has broken the first trend line and the candles start to be compressed..
If we look the RSI is also very near the place of the 2014.. The same thing happens on the other indicator..
If the price continue to follow the 2014 pattern the it will fall down to 4000 zone in July- Sept near the bullish longterm trend line ..
At this price I will enter again in the market..
Luca
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