BTC - Updated Weekly Close
Here is an updated chart to our important callout on this weekly candle:
https://www.tradingview.com/chart/BTCUSDT/DPgObk69-BTC-Important-Weekly-Candle-Close/
We are starting to see BTC overcome the odds that were stacking up against it in the chart. We pointed out how price needed a successful close back above 69k. This weekly candle was successful in doing so which gives us some clues of what's next.
The chart on the left shows the weekly candles where price just recently flipped old resistance into new support. This can be view clearly on the line chart (chart on the right).
We can also see our RSI (left chart) shows we are still in our rising wedge structure (yellow wedge).
https://www.tradingview.com/chart/BTCUSDT/DPgObk69-BTC-Important-Weekly-Candle-Close/
We are starting to see BTC overcome the odds that were stacking up against it in the chart. We pointed out how price needed a successful close back above 69k. This weekly candle was successful in doing so which gives us some clues of what's next.
The chart on the left shows the weekly candles where price just recently flipped old resistance into new support. This can be view clearly on the line chart (chart on the right).
We can also see our RSI (left chart) shows we are still in our rising wedge structure (yellow wedge).
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