barenakedcrypto

[1 week] BTC needs to make a move. Either 12k or 4/5/6k incoming

COINBASE:BTCUSD   Bitcoin
We are just a smidge under the 50MA on the 1Week. In the history of 50MA on 1 week we seem to have always not dropped below it, so I would assume this could be a major sell indicator for whales if we stay below it for too long.

My RSI indicator of 46 we seems to be holding the line(when we see 45 below it might be time to sell)

StochRSI is looking to swing up, but we still have alot of room to move down(4/5/6k area) (most likely 6k)

Good luck

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.