With the weekly candle closure that happened about 2 hours ago we can see indecision within the market. Which means slight consolidation this pas week. So I’d expect us to stay within this uptrend.
Bitcoin has been holding up strong and showing strength.
I’m expecting us sooner rather than later to make a move to challenge the .236 at 28k and the white trend line around 30k.
When this movement comes through we want to see daily and weekly candle closures above these levels. Which would show the .236 fib and the trend line are valid.
Remember analysis on the weekly time frame takes time. Be patient.
What’s everyone think?
Bitcoin has been holding up strong and showing strength.
I’m expecting us sooner rather than later to make a move to challenge the .236 at 28k and the white trend line around 30k.
When this movement comes through we want to see daily and weekly candle closures above these levels. Which would show the .236 fib and the trend line are valid.
Remember analysis on the weekly time frame takes time. Be patient.
What’s everyone think?
