Bitcoin Weekly Trend Analysis from All Things TA

Our friends from All Things TA share the weekly outlook on Bitcoin.

https://t.me/AllthingsTA/185

THE WEEK HAS CLOSED NEGATIVE WITH A RED CANDLE

WE ARE STUCK IN A TIGHT RANGE FOR MULTIPLE WEEKS
AND LITTLE TO SHOW FOR IT.

THE IDEA OF 5200 IS BECOMING LESS LIKELY AS WE ARE
STILL MAKING LOWER LOWS AND LOWER HIGHS.

WE ARE STILL IN A DESCENDING TRIANGLE AND A BREAK
IN EITHER DIRECTION CAN CREATE STRONG MOMENTUM
TOWARDS THE DIRECTION IT BREAKS.

WE ARE LOOKING FOR BUYING PRESSURE TOWARDS THE
WEEKLY 200MA AND THE 3100 SUPPORT. IF WE BREAK
BELOW THESE LEVELS, WE CAN EXPECT FURTHER DOWNSIDE

“STAY SAFE, TRADE SAFE” – ALL THINGS TA

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