Pre-market NATGAS up by 8%

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BTCUSD is turning bearish on weekly, the Moving Average Convergence Divergence (MACD) indicator has not been showing any sign that selling pressure is weakening and price is losing support at the moment. The RSI is also still below the SMA14 and was unable to break up reclaiming strength and bullishness.

I have used white solid lines for the closing prices and thinner white lines for the highs and lows. Looks like 51,000 is going to be reached rather quick (if not today). However, since the trend will really hit the market it would not be unlikely to see it push the recent lows line near 45-46K.

If you are clueless, I suggest to wait for a weekly MACD cross to re-enter, price can range and expand for some time until the long-term trend settles down and volatility ceases.

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https://forum.autonomi.community/t/update-05-september-2024/40307?u=dimitar

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stoneandboys

August 16, 2024, 18:31

Into the Light, Once Again
[Chapter 96] Updated - Read Here

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stoneandboys

August 16, 2024, 18:24

𝗪𝗘𝗔𝗣𝗢𝗡 𝗠𝗔𝗞𝗘𝗥
𝗠𝗔𝗡𝗛𝗪𝗔 𝗜𝗦 𝗙𝗜𝗡𝗔𝗟𝗟𝗬 𝗕𝗔𝗖𝗞 𝗔𝗙𝗧𝗘𝗥 𝗜𝗧'𝗦 𝗟𝗢𝗡𝗚 𝗛𝗜𝗔𝗧𝗨𝗦
𝗖𝗛𝗔𝗣𝗧𝗘𝗥 𝟯𝟬 𝘁𝗼 𝟯𝟱 𝘄𝗶𝗹𝗹 𝗯𝗲 𝗮𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲 𝗼𝗻 𝘁𝗵𝗲 𝗰𝗵𝗮𝗻𝗻𝗲𝗹.

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