Weekly Analysis - Sailing the Trend!
If there's one thing you need to catch this week, it's our Weekly Analysis.
Sailing the trend without a care.
As always, facts first, conclusions later.
Facts:
Conclusion:
One signal at a time.
Have a great week.
TR
If there's one thing you need to catch this week, it's our Weekly Analysis.
Sailing the trend without a care.
As always, facts first, conclusions later.
Facts:
- Bitcoin remains overbought (above RSI red line).
- A clear bullish wave is evident.
- Strong bullish signal on our Trend Strength Indicator.
- No bearish signals on our oscillator.
- No significant resistance ahead.
Conclusion:
- A. In a nutshell, Bitcoin continues its bullish trend without correction signs. Let's not overcomplicate it. Holding firm, even increased my stake in mining stocks like
RIOT that are lagging behind Bitcoin.
- B. Regarding altcoins, I took some profits last week while continuing to hold Bitcoin. This stance remains unchanged. Notably, Bitcoin is in the green while several altcoins are in the red, underscoring why a significant portion of my portfolio is in Bitcoin.
One signal at a time.
Have a great week.
TR
Regards,
Trend Rider
Trend Rider
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Regards,
Trend Rider
Trend Rider
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.