Bitcoin keeps trading within its 1D Channel Up (RSI = 55.512, MACD = 39.400, Highs/Lows = 0.000) with every pull back presenting a buy opportunity. The price rebounded yesterday after a Higher Low inside the channel and since BTC doesn't trade for long on the lower tier (below the median), we expect it to rise above 4,100 and settle to a trading action above the middle line.
In fact it may repeat a similar Inverse Head and Shoulders fractal (presented in blue). The short term Target set is 4,146.50 and 4,260 in extension.
As we pointed out on the study below, this price action on 1D is the most sustainable bullish sequence since BTC's all time highs:
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In fact it may repeat a similar Inverse Head and Shoulders fractal (presented in blue). The short term Target set is 4,146.50 and 4,260 in extension.
As we pointed out on the study below, this price action on 1D is the most sustainable bullish sequence since BTC's all time highs:
** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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www.investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
