BITCOIN TECHNICAL ANALYSIS

in #bitcoin6 years ago (edited)

BTC-Weekly-.PNG

My weekly chart technical analysis of Bitcoin/USD.

Time analysis indicator shows start of possible 1-9 green candle cycle, this week being week 1 of 9. Perfect buy signal indicator also confirms this green 1 candle is a good entry.

We can also see a possible resistance at the $18,000 range, but in my honest opinion I expect the bitcoin price to remain bullish for at least 9 weeks taking us to new all time highs.

What do you guys think? Leave a comment below, I'd love to hear what you guys think about the future of the bitcoin/usd price!

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