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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Publicações relacionadas
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.