Weekly Range Update

XBTUSD daily chart

XBT / USD weekly price range 1200$-1425$ | Also this weekly range has been calculated using twice the volatility level commonly used until the situation will stabilize after the great volatility seen during the Sec decision about the etf.

The average ALMA is about to turn upward and the RSI oscillator backed off from overbought territory but not yet gone into oversold.

I think we need a move to new highs around 1400$, it would be a good signal to confirm the uptrend. About the daily bar of 10-11 March i think that this market cleared weak hands, I am tempted to interpret this as a bullish signal.

In cases of extreme fall the support area is updated to 650-790 US dollars.

ITA version here.