Near End of Week for Bitcoin
BTC is about to come into an area of Strong resistance and also bumping into the crossing 50 & 200 SMA, creating a Death cross, that PA is trying VERY hard to stop.
The Coloured horizontal Bars are areas of Volume as displayed by VRVP on the right. Not how these Ranges also match up to previous PA from 2017
As I mentioned last week, it is ighly likely that PA will get rejected soon, MACD's are oversold BUT Sentiment is driving PA now and possibly FOMO
Rejextion on a Weekly chart can take time to pay out, Lower Timeframe charts happen quicker, so keep your eyes on 4 hour also....
I would almost put money on Next weeks Weekly candle close being RED, this Weeks will be green ;-)
The Coloured horizontal Bars are areas of Volume as displayed by VRVP on the right. Not how these Ranges also match up to previous PA from 2017
As I mentioned last week, it is ighly likely that PA will get rejected soon, MACD's are oversold BUT Sentiment is driving PA now and possibly FOMO
Rejextion on a Weekly chart can take time to pay out, Lower Timeframe charts happen quicker, so keep your eyes on 4 hour also....
I would almost put money on Next weeks Weekly candle close being RED, this Weeks will be green ;-)
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