BTC WEKKLY OUTLOOK
Good day folks, had a long break from charting/trading and it was healthy:D
Coming back to BTC, the weekly looks good, a solid candle close above the 0.382 Fib level from the previous retracement and as confluence also from the last retracement. Adding to that the RSI bounced back and stayed in the Bull zone. ADX cross between Di+ and Di - didn't happen.
With this expecting a healthy ull back for a more uptrend, keep open eyes guys! 4h outlook coming up later on the day.
Coming back to BTC, the weekly looks good, a solid candle close above the 0.382 Fib level from the previous retracement and as confluence also from the last retracement. Adding to that the RSI bounced back and stayed in the Bull zone. ADX cross between Di+ and Di - didn't happen.
With this expecting a healthy ull back for a more uptrend, keep open eyes guys! 4h outlook coming up later on the day.
Trading and analysis are two different skill sets. A tiny percentage of traders possess both capabilities. TA, investor and Developer. Space engineer - CFA
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