Bulls_action_trading

Bitcoin on weekly

COINBASE:BTCUSD   Bitcoin
Hello to everybody,

let's have a look to bitcoin chart on weekly timeframe.

Today is 14/02/2022 and price is around 42k. Weekly candle close extremly bearish but price goes still sideways.

In case of drop down could bitcoin go to 26-19k, there is a gap which could be filled in the future.

If bitcoin is bullish, then will go to next fibolevel around 51-58k.

Market is tricky, many fundament news are coming. It's better to stay out and only monitoring the situation.
Comment:
For next move up to 47-51k is imsportant to close daily candle above 44,500USD
Comment:
I am not fractal trader, but check bitcoin in the past.

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.