BitcoinShort
Repetitive patterns on 1D solidify the shorting approach.
The 4H chart has stabilized (RSI = 54.964, CCI = 35.7101, Highs/Lows = 0.00) following a price jump from 7,800 to 8,300 completing an Inverted Head and Shoulders. 1H is trading sideways (RSI = 45.804, Williams = -52.906 on High Volatility ATR = 47.0094) on its 8,065.1 - 8,301.7 neckline. As you see on the previous Fibonacci retracements that formed the Lower Highs on the 1W bearish chart, there are recurring patterns that signify when that Top is reached (indicated with the eclipse and curve shapes). With the limit of this uptrend at 8,691.40 (just above the 1D 0.618 Fibonacci retracement point (8,383.30)), a Lower Low > 7,800 is expected. The TP set remains 7,380.40, 6,855, 5,617.40.
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.