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Although BTC is heavily overbought in the weekly timeframe, Bitcoin has previously proven it can trade overbought for many weeks before a large pullback. Often, this is when the biggest increase happen percentage wise (after the first Overbought signal).
Decembers are usually green months for BTC, this is another confirmation that we may see more increase. The technical indicators in all timeframes are also flashing bullish, meaning another push upwards is likely for this week.
The Bollinger Bands can be a great strategy for identifying potential bounce- and rejection zones.
Incase you missed it! The latest ETH updates are here👇:
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CryptoCheck
BTCUSD
BTCUSD
BTCUSD
BTCUSD
BTCUSDT
Although BTC is heavily overbought in the weekly timeframe, Bitcoin has previously proven it can trade overbought for many weeks before a large pullback. Often, this is when the biggest increase happen percentage wise (after the first Overbought signal).
Decembers are usually green months for BTC, this is another confirmation that we may see more increase. The technical indicators in all timeframes are also flashing bullish, meaning another push upwards is likely for this week.
The Bollinger Bands can be a great strategy for identifying potential bounce- and rejection zones.
Incase you missed it! The latest ETH updates are here👇:
_______________________
📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍
We thank you for your support !
CryptoCheck
BTCUSD
BTCUSD
BTCUSD
BTCUSD
BTCUSDT
トレード終了: 利益確定目標に到達:
BTC: After another push upwards, I'm expecting sideways trading at this zone :
Could see altcoins catch-up to BTC here.
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Blue/red candle in the 3D is overdue so take note.
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Thinking we go sideways here for a while:
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Friendly reminder that this is possible, it will still be bullish, it will still be higher lows:
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Key bounce zones to watch:
Using Bollinger Bands on smaller timeframes will be very helpful for short term swings.
Using Bollinger Bands on smaller timeframes will be very helpful for short term swings.
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Seems like we may be repeating this sideways trading for a few days:
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Watching the weekly close on BTC, above or below the support zone:
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Expecting continued range trading from BTC for the next few days:
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