BTCUSD 1W: Unable to stay above Weekly 200MA and Possible reje | TradeLog

BTCUSD 1W: Unable to stay above Weekly 200MA and Possible rejection from the level. Possible bullish scenario is that we go below 17600 level to take out some stoplosses and bounce back and print Double bottom on chart & Weekly bullish divergence on RSI. So in case BTC is unable to do this things may go really downhill, in fhat case Price could go as low as 10k. Nothing to be scared of if that happens, It would be a extremely great opportunity to load your bags in that case. As of now keep eye on 17-18k range if we bounce from the range It would be good, otherwise prepare for the second scenario I mentioned above.