As I mentioned in the previous Weekly Review post, Bitcoin set a low at above 37.3k$ and then closed an hourly candle at 40.7k$ this Monday, that got sold out immediately. After that we started rallying and consolidating the level that we rejected not much before. Then we started an uptrend that brought BTC to 42.4k$.
What I think for the upcoming week is that it should continue this trend towards the 45k$ high, which has to be broken for a further continuation. I really like the trend that we're seeing because, unlike last few times, we are really seeing those impulses and retraces. It makes me feel that we could see price hovering above 40k$ for a good time.
Lastly, if even this time the history repeats and Bitcoin is unable to keep setting higher highs, I'd expect a smoother downtrend as well, with a target above 39k$. It's always good to have another opportunity to accumulate. I hope once again you like my content!
What I think for the upcoming week is that it should continue this trend towards the 45k$ high, which has to be broken for a further continuation. I really like the trend that we're seeing because, unlike last few times, we are really seeing those impulses and retraces. It makes me feel that we could see price hovering above 40k$ for a good time.
Lastly, if even this time the history repeats and Bitcoin is unable to keep setting higher highs, I'd expect a smoother downtrend as well, with a target above 39k$. It's always good to have another opportunity to accumulate. I hope once again you like my content!
Nota
Again, nailed it
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.