## BTC/USD Weekly Chart With yesterday's sudden drop, we closed the weekly candle right at the 50 MA and started the new one downwards. We have some 25% room left to reach the $11k levels and I think it is still doable. In [my previous post](https://steemit.com/hive-175254/@aezakmi/bitcoin-the-trend-line-battle) I mentioned that the $11500 level is an attractive target and a possible great short entry and I'm holding my opinion; I still believe that we could have a candle wick reaching that specific target. We have the RSI fighting at a descending trend line and could have it reach near the upper reference line in case of the $11500 price action. Closing the weekly (preferably monthly) candle above this level, would probably put us in a new bullish cycle.

_{[Ctrl + Click here to enlarge the image in a new tab (steemitimages)](https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmRDAo8b8usuSkmQ5k1gBkEMgKxiKkjNzPs8UUqWAzsJMB/btcweekly.png)}

![btcweekly.png](https://cdn.steemitimages.com/DQmRDAo8b8usuSkmQ5k1gBkEMgKxiKkjNzPs8UUqWAzsJMB/btcweekly.png) ## BTC/USD Daily Chart On the daily we just reached the 21 EMA (yellow), with yesterday's candle wick extending to the 200 MA. Getting a higher high on the price, with a lower low on the RSI and MACD, would be perfect.

_{[Ctrl + Click here to enlarge the image in a new tab (steemitimages)](https://steemitimages.com/0x0/https://cdn.steemitimages.com/DQmVzu2EQUEjWErwbMhkmF6tnmFc73dybWeU2GR2wnz975o/btcdaily.png)}

![btcdaily.png](https://cdn.steemitimages.com/DQmVzu2EQUEjWErwbMhkmF6tnmFc73dybWeU2GR2wnz975o/btcdaily.png) ![steem line 2.png](https://cdn.steemitimages.com/DQmYcTYvf6NrTJYQQgWebpedjuzpoRKc2WdAdHpuaY6Z1mv/steem%20line%202.png) ## Join the Crypto Den [HERE!](https://steemit.com/trending/hive-167418) ![mywolf.gif](https://cdn.steemitimages.com/DQmYdJxHtrns6waecoP7wLGCy9ToPPiygHWGq2jUmoBfnGk/mywolf.gif) --- ### **Thanks for reading and safe trading!**✌ #### **If you find this post useful, please:** ![aezakmi gif.gif](https://cdn.steemitimages.com/DQmdzruKqt4wz2eGto3kRuzxhkJAqRceor9vL9d1p9FWY5s/aezakmi%20gif.gif)