The under laying Strength Bitcoin is showing while Gold Ranges sideways and the $ Ihdex Rises is amazing. Even more so given the MACRO environment.
We are also seeing BTC rising while the S&P500 turning.
On the chart, we can see the beginnings of a possible stronger move, that does have to be confirmed. But, we see how PA has risen over the Top line of the 2024 range.( Arrow)
This line is likely to be tested as support at some point and THAT is what we need to keep as support before we move on. The Danger is that PA may just shoot higher and then roll over.
A Bull Trap.
The Low of the recent range was the centre line of that 2024 Range.
On the chart. we also have the VWAP. A Widely used and superb thing.
VWAP (Volume Weighted Average Price) is a technical indicator that calculates the average price of a security traded over a specific time period, weighted by the volume of trades.
It is considered BULLISH while PA remains Above the VWAP.
On this chart, the VWAP line is BLUE at around 58K, a much talked about figure.
Above, we have Multiples of that VWAP line and these act as support / Resistance
See how the one just above PA currently was used as support at the end of 2025 and into 2026.
These Multiples in Red, are at around 90K, 120K & 150K
It is worth remembering that the Monthly MACD does not reach Neutral Til June, Earliest
This push higher may not be sustained. Infact, if the line mentioned earlier does not hold, Rejection to range low is very possible.
Then we have the first VWAP Multiple that could be strong Rejection,
Just remember this.
BUT for now.....
The Weekly MACD
The yellow MACD line is bounced and is turning up. The intersection of that and the Signal line, MA of itself, ( Red) is the first thing we need to watch. If they Cross and the MACD line remains above the Signal, that is Bullish
See how the Recent Histogram Low is not as low as the previous one. Good
The Weekly RSI
The RSI reacts a bit quicker than MACD and we see how the RSI ( Blue ) has crossed its MA and that is Bullish. And it did this from the Oversold area and so has the strength to continue if the Bulls make the moves
SO, all in All, we have a lot of Bullish potential but this is early days and we should wait for a little more confirmation before we can lean back and relax a little with feet up on the table., beer in hand.
Iti s going to be a very interesting Week, even more so when we remeber the FED meeting on the 18th with Rate decisions
Be Good
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Nothing to be taken as Financial advice.
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
I will always say
"Only invest what you can afford to loose. When you are ready, take out your original investment. This way, it is only your profit that is at risk"
THAT is Financial advice
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.