Bullisher

Bitcoin on weekly chart looks interesting to long!!

Long
BINANCE:BTCUSDT   Bitcoin / TetherUS
As you can see on the weekly chart price has reached to one of the critical support area. The trend-line from down side along with touching Kijun Sen and 200 MA all at once, indicate an strong buy signal. The reason it went down all the way to this strong support zone was US government selling off 10K #Bitcoin last session yesterday which changed the normal supply and demand flow of the market. From the other side the growth in number of transactions and whole market sentiment will give another thumbs up for pushing the buy button.
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.