BTC made rare 2 equal green weekly candles; next candle decides
BTC in this weekly chart still has Bollinger Band pointing downwards with middle MA20 at 46000. Top band is 60k & lower Band is 30k. This will be the impt levels if BTC continues to move sideways.
The most recent 2 equal weekly candles show BTC sideway range between 41215 & 37775. Next candle close will decide its weekly direction, whether breakout or still sideways.
However the midterm resistance is still at 46k & support at 33k. Ranging inside this range are just NOISE.
Downward trajectory improved a little from a 70 degree steep angle of the red wedge to the 45 degree blue wedge. But still on a downward direction until it breaks the blue wedge to the upside. Breaking to the downside may see 33k & 30k coming.
Not trading advice
The most recent 2 equal weekly candles show BTC sideway range between 41215 & 37775. Next candle close will decide its weekly direction, whether breakout or still sideways.
However the midterm resistance is still at 46k & support at 33k. Ranging inside this range are just NOISE.
Downward trajectory improved a little from a 70 degree steep angle of the red wedge to the 45 degree blue wedge. But still on a downward direction until it breaks the blue wedge to the upside. Breaking to the downside may see 33k & 30k coming.
Not trading advice
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