BTCUSD - Signals
I have some support levels in this chart based from past tops/bottoms.
MACD and oversold RSI show that a positive bounce is imminent. This will likely be followed by a longer term downside continuation.
I'm expecting some alts to pop significantly on this bounce.
Summary: short term bullish (1 month), medium term bearish (2-4 months), long term bullish(6 -8 months+).
Fib retracement zones show that BTC has retraced 70% since its ATH, there's still room for a deeper correction.
MACD and oversold RSI show that a positive bounce is imminent. This will likely be followed by a longer term downside continuation.
I'm expecting some alts to pop significantly on this bounce.
Summary: short term bullish (1 month), medium term bearish (2-4 months), long term bullish(6 -8 months+).
Fib retracement zones show that BTC has retraced 70% since its ATH, there's still room for a deeper correction.
Note
Saw this analysis online today, I https://agree.https://www.ccn.com/bitcoin-price-to-bottom-at-5700-in-short-term-but-recover-analyst/amp/
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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.