BTC weekly chart not screaming buy

٢٧ مايو ٢٠٢١

Its easy to get distracted checking the 30min chart every few minutes to check in on the most recent volatility but on the longer term chart some warning signs are still flashing:

• MACD crossover / turning down
  
• RSI below 50
  
• Possible formation of long term head and shoulders set up
  
• Significant volume support on the current uptrend much lower, not a ton of volume directly below
  

Some support below : 50% retracement line and the 10 week MA.

More volatility expected but neutral rating from me