Weekly Range Update

 

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Daily Chart @bitstamp

XBT/USD weekly range $ 550-$ 615 | ALMA daily moving average is still slightly bearish and the main resistance is unchanged at VWAP around $ 615.

I think the cross XBTUSD will remain below $ 615 this week with a second resistance at about $ 680. The weekly forecast is slighlt bearish but i don’t expect a break below $550 because of low volatility.

In case of a volatility spike due to another price crash the deal is to buy slightly above $420.

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One thought on “Weekly Range Update

  1. Christian A also know as testianer

    I think it’s likely we’ll see some sort of breakout this week. Daily Böllinger Bands are pretty tight.

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