Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

IF BTC holds this week



next week could be really awesome 👍

especially if US govt shutdown ends and Trump fulfills his promises of $2000 cheque to US households

in that case BTC will boom 💥 boom 🤯 bastic
BTC-2.89%
post-image
CryptoLoverArtistvip
Critical Week Incoming

#Bitcoin and indeed the broader crypto market is set for possibly it's most critical trading week ahead of this year, as the price sits at a rebound or collapse zone.

Before I get to a breakdown of indicators, I will simply, say that when things appear to be at their very worst in crypto is usually exactly the time you should consider getting exposure.

Starting with the good news first, and Top Traders with the highest margin balances on (The Yellow Exchange) are still very bullish. Top Traders have been positioned all week for gains, and they are not being deterred by the big drop in price this week.

Now to the less positive part. Vanguard indicator is still very bearish on the all important higher time frames. A front-running Vanguard 2.0 model on Tradingview is also showing we are set for another Red weekly candle. Atlas indicator moving higher again this week is probably the most worrying indicator we have right now. The constant move higher in Atlas has coincided with the price dump in Bitcoin. In short, Atlas is still going the wrong way. What is happening with Atlas is a double-edged sword. Atlas is showing that Bitcoin is deeply oversold right now.
However, despite Atlas being very oversold, we still don't know if we are going to see another leg lower in Bitcoin as it continues to run higher.

$BTC

#WeekendMarketAnalysis
repost-content-media
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
Discoveryvip
· 11-11 10:42
Watching Closely 🔍
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)