On the weekly we are still in a positive channel!
Given the more than uncertain situation, we see the graph from a weekly point of view which gives more important confirmations of a higher TF.
I don't want to be BULL at all costs but looking at the weekly chart I find that the discharge that BTC is taking is still normal. All these positive results of the last few months do not allow us to be clear that BTC also needs to download and we can see that in any case, despite the 55k, it is still full in the bullish channel.
Indeed I will tell you more, as regards fibonacci BTC has not yet reached 61.8 FIB that the old high did and as you can see we are still far away, so do not worry until the 52k threshold we are still bullish on the Weekly. On the 52k in addition to the Fib retracement there is the support of the old high.
If that too breaks, the discussion changes.
What do you think?
I don't want to be BULL at all costs but looking at the weekly chart I find that the discharge that BTC is taking is still normal. All these positive results of the last few months do not allow us to be clear that BTC also needs to download and we can see that in any case, despite the 55k, it is still full in the bullish channel.
Indeed I will tell you more, as regards fibonacci BTC has not yet reached 61.8 FIB that the old high did and as you can see we are still far away, so do not worry until the 52k threshold we are still bullish on the Weekly. On the 52k in addition to the Fib retracement there is the support of the old high.
If that too breaks, the discussion changes.
What do you think?