Houston on Nostr: $BTC positive weekly seasonality kicks in this week. Interestingly a pullback here is ...
$BTC positive weekly seasonality kicks in this week.
Interestingly a pullback here is actually necessary here for #Bitcoin to put in a base for any kind of sustainable rally.
Price action-wise, $BTC is currently momo-up on the weekly, so we need to see a re-test of the 27176 pivot to extinguish the weekly momo-up condition and remove this weak market structure.
So watch for a break and flush through 27176 and then see if buyers step in.
#Bitcoin #trading
Published at
2023-10-09 17:23:44Event JSON
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"content": "$BTC positive weekly seasonality kicks in this week. \n\nInterestingly a pullback here is actually necessary here for #Bitcoin to put in a base for any kind of sustainable rally.\n\nhttps://m.primal.net/HNDu.png\n\nPrice action-wise, $BTC is currently momo-up on the weekly, so we need to see a re-test of the 27176 pivot to extinguish the weekly momo-up condition and remove this weak market structure.\n\nSo watch for a break and flush through 27176 and then see if buyers step in.\n\nhttps://s3.tradingview.com/snapshots/4/4jYboSCM.png\n\n#Bitcoin #trading",
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