BTC is going to have a very low volume weekend

in cryptocurrency •  2 months ago

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Bitcoin analysis

We have crossed the MA's and a nice pullback is due.However rising wedge formed on RSI So time to waiting for the price what it will do.Bitcoin clearly likes this range, and has been effectively sideways for months. We may need to get comfortable here for a while.
BTC is going to have a very low volume weekend, going to use this time to take some time off.Looks like 6.4k is holding, I don't like the 4h volume but the Stochastic RSI on the daily chart is completely bottomed and RSI ticking up.

One more week and then we should start following the uptrend green line just as we did the down trend red line

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Nothing to say...just wait. It is time to buy.