4H is on a standard bearish reversal pattern (red curve on RSI = 51.851, ADX = 34.025, Highs/Lows =0, B/BP = -73.7542) loosely supported on the SMA50 = 6,337.10. We had another Lower High rejection, this time on the Hard Resistance of the 1D Channel Down (MACD = -140.100), which generally is a very bearish signal for Bitcoin. The 1W candle is practically flat for BTC standards (+2.00%) indicating the bias towards a slow paced, low gradient decline over the summer period (monthly chart neutral on RSI, CCI, Highs/Lows) as mentioned over 1 month ago. 1H is practically ranging (STOCH = 53.385, ADX= 17.309, CCI = -45.4568, Highs/Lows = 0) with 6,415 as the support level. TP = 5,617.40 on now two short positions.
Telegram: t.me/investingscope
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
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Telegram: t.me/investingscope
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
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
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.