2020-08-24 22:14:32
#Bitcoin (chart 1, chart 2)
On the weekly timeframe, there is a strong uptrend, however, there are signs of a slowdown in growth and consolidation at current levels.
The confirmation signal will be the closing of the weekly candle below the red TEMA.
During the week, Bitcoin will develop according to the consolidation scenario, within the channel.
False breakouts can be in any direction, but the overall sentiment remains bearish.
There is a high probability of a sharp downward impulse
Dotted arrows indicate nearby targets
My another weekly analysis about Tesla, EURUSD, Gold, Crude Oil, Nasdaq Composite here
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