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Betterforever
· 11-28 10:15
$BTC
Bitcoin may still have some pump space on the weekly chart:
- The current weekly P2 is at 09:30 AM on Thursday, which is 7.9% higher than the weekly low.
- 76.9% of the weeks invested in P2 later.
- 71.3% of bullish weeks saw more displacement.
So although the weekly Fluctuation has already occurred, shorting here does not seem to be a high probability operation.
$BTC
Probably still a bit of upside left to go on the weekly for Bitcoin:
- Current Weekly P2 at Thursday 09:30 AM, 7.9% above weekly low
- 76.9% of weeks put in a P2 later
- 71.3% of bullish weeks see more displacement
So while the meat of the weekly move already happened, shorting here already does not seem like a high probability play.