Weekly Analysis - Sailing the Trend!
If there's one thing you need to catch this week, it's our Weekly Analysis.
Sailing the trend without a care.
As always, facts first, conclusions later.
Facts:
Conclusion:
One signal at a time.
Have a great week.
TR
If there's one thing you need to catch this week, it's our Weekly Analysis.
Sailing the trend without a care.
As always, facts first, conclusions later.
Facts:
- Bitcoin remains overbought (above RSI red line).
- A clear bullish wave is evident.
- Strong bullish signal on our Trend Strength Indicator.
- No bearish signals on our oscillator.
- No significant resistance ahead.
Conclusion:
- A. In a nutshell, Bitcoin continues its bullish trend without correction signs. Let's not overcomplicate it. Holding firm, even increased my stake in mining stocks like
RIOT
that are lagging behind Bitcoin.
- B. Regarding altcoins, I took some profits last week while continuing to hold Bitcoin. This stance remains unchanged. Notably, Bitcoin is in the green while several altcoins are in the red, underscoring why a significant portion of my portfolio is in Bitcoin.
One signal at a time.
Have a great week.
TR
Regards,
Trend Rider
Trend Rider