In my previous weekly timeframe analysis, I expected the price action to create a wick around $54,000-$56,000 before closing around $58,000 to end the week. And that is exactly what happened.
Now that we have a new weekly candle, what should we expect for this week? I’m expecting the price action to at least touch the 40-EMA on the weekly timeframe (currently sitting at $56,264) before creating a rejection and pushing the price to possibly break $60,000-$62,000, which is currently acting as crucial resistance. Hopefully, we’ll see BTC retesting the high of the downward channel this week (around $67,000).
I’m looking for opportunities to enter the market this week. Stay tuned.
PREVIOUS ANALYSIS :
https://www.tradingview.com/chart/BTCUSDT/wr9aHxWc-BTC-USDT-Updated-Market-Outlook-for-This-Week-What-to-Expect/
Now that we have a new weekly candle, what should we expect for this week? I’m expecting the price action to at least touch the 40-EMA on the weekly timeframe (currently sitting at $56,264) before creating a rejection and pushing the price to possibly break $60,000-$62,000, which is currently acting as crucial resistance. Hopefully, we’ll see BTC retesting the high of the downward channel this week (around $67,000).
I’m looking for opportunities to enter the market this week. Stay tuned.
PREVIOUS ANALYSIS :
https://www.tradingview.com/chart/BTCUSDT/wr9aHxWc-BTC-USDT-Updated-Market-Outlook-for-This-Week-What-to-Expect/
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.
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.