BTCUSD - it needs to retrace back to GravityTrendLine area on Week Chart
So, it's gonna be sideways for a bit to gain back volume & momentum.
Hello everyone, from the chart the volume is low, momentum is weak.
Do watch out if it moved below the GravityTrendLine for W - 101,101 (at point of writing)
If it maintain, then it could be a healthy pullback.
It has traded beyond the 10% Gravity TrendLine - as long as it out from 'outer space" eventually it will being 'suck' back to the GravityLine.
Pullback reversal if it closed abov :110750 (at point of writing, do monitor the tredline indicator)
To continue bullish it has to cross-above 116542
Another support level to look at : 90795.
For accumulation : it depends on how you wanna layer it.
Keep an eye till month end - to see for D chart the MACD and Signal reversed and go back to bullish zone i.e above zero level.
Remember to zen while trading 🧘♂️🧘♀️📕🍵 - no action also essential as part of trading.
Happy trading!
So, it's gonna be sideways for a bit to gain back volume & momentum.
Hello everyone, from the chart the volume is low, momentum is weak.
Do watch out if it moved below the GravityTrendLine for W - 101,101 (at point of writing)
If it maintain, then it could be a healthy pullback.
It has traded beyond the 10% Gravity TrendLine - as long as it out from 'outer space" eventually it will being 'suck' back to the GravityLine.
Pullback reversal if it closed abov :110750 (at point of writing, do monitor the tredline indicator)
To continue bullish it has to cross-above 116542
Another support level to look at : 90795.
For accumulation : it depends on how you wanna layer it.
Keep an eye till month end - to see for D chart the MACD and Signal reversed and go back to bullish zone i.e above zero level.
Remember to zen while trading 🧘♂️🧘♀️📕🍵 - no action also essential as part of trading.
Happy trading!
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منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.