CHECK OUT THE LATEST BITCOIN WEEKLY CANDLE
![92614955-16EB-49F2-975E-FD8AEA01D0A5.jpeg](https://steemitimages.com/DQmfE9VT3UmBsDGgKypKtEEnJo64BkA2rGjg4KGgmnnhZhj/92614955-16EB-49F2-975E-FD8AEA01D0A5.jpeg)
GOOD EVENING STEEMIT,
With market’s weekly candles closing this morning, there’s been a lot of talk on social media about what the candle looks like and whether it’s a bullish close or not.
I’m making a conscious effort to get more involved on Twitter and Instagram again. The trading community is too rich to not immerse myself in once again so if you see me around, come and say hello.
Back to the weekly close, just take a look at the Bitcoin chart below:
BTC/USD Weekly
The talk is that you can obviously see the long wick, but right on the close there was a big battle between bulls and bears. Sure, the red close shows that the bears won in the end... But does it matter?
To me, the answer to that question is no. No, it doesn’t matter. The only thing that matters here is the fact that price held the higher time frame, trend line support level.
The fact that in the end, the candle closed red, means only a few pips. Take a look at the price action within that candle on the daily:
BTC/USD Daily
Look how price retested previous short term resistance as support and held. That’s what matters and it’s bullish.
The price action and levels around that weekly close are bullish and that’s all that matters. Not whether the candle is slightly red or slightly green.
Best of probabilities to you.
Peace ✌🏻.
Instagram: @forexbrokr
Website: www.forexbrokr.com
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Loving that weekly chart reversal, that is clean example of my bullish u-turn pattern I like so much.
Referring to moves in PIPS, such a forex trader mate! :-)
😂 I didn’t even think.
thannks for your information about the bitcoin...
need more information about it
How good is the bitcoin!
Is the chart shows the influx of cryto if that show i dont realy understand it but the red line indicated the low price of cryto this month.It realy a good work .
Umm, yes.
I was waiting for a final dip to invest into a few more coins but seems like we might not see a final dip. The market seems to be doing great!
My advice would be to not try to catch the absolute bottom and tops because in reality you’re never going to get them.
With higher time frame support holding, that could well have been it!
Yeah, I'm still learning, so I do mistakes some times. But we learn best from our mistakes!
Really interesting. I'm starting to feel smarter hanging around you guys.
We all have our strengths and weaknesses. Feed off the community. 😎