BTC Weekly Quick Analysis
What Seems Legit?
A move lower. Look bruv we gotta get honest here. We want a BTC Moonsoon too, but, BTC broke it's trend line lower on a clearly defined candle. It has retested and rejected the trend line with selling pressure; the candle hasn't closed but it's not looking good bruv. The RSI has a clear divergence from the price and has also moved below the 50 level. and.. it's retesting our only hope of a support.. again.
Chart Key
Yellow Solid = Major Trend Line
Aqua Solid = Divergences
White Dotted = Support / Bounce Area
Green Boxes = Supports / Target Areas
What Seems Legit?
A move lower. Look bruv we gotta get honest here. We want a BTC Moonsoon too, but, BTC broke it's trend line lower on a clearly defined candle. It has retested and rejected the trend line with selling pressure; the candle hasn't closed but it's not looking good bruv. The RSI has a clear divergence from the price and has also moved below the 50 level. and.. it's retesting our only hope of a support.. again.
Chart Key
Yellow Solid = Major Trend Line
Aqua Solid = Divergences
White Dotted = Support / Bounce Area
Green Boxes = Supports / Target Areas