Short

New Lower High. Still short.

BTC made a 6,080.80 Low On Thursday, which has so far provided a 3 day bullish streak that peaked on Sunday at 6,388.90. This succession is on a ~10K volume average as opposed to the ~22K of the downfall since 6,826.10. This could be an indication of an unsustainable bullish run, also technically interpreted as a Lower High on 1D (RSI = 45.780, Highs/Lows = -2.9356, B/BP = -23.7781, MACD = 122.00). Sellers need to break 6,285.8 today (1D SMA5) as it is the last current level of support on 1D, while buyers the 6,820 - 6,897 Resistance zone. Due to these restrictions, 4H is on a neutral state (RSI = 53.294). The approach remains modeled after the 1W bearish channel (Highs/Lows = -750.0756), therefore keeping a Bitcoin short average on two positions aiming at 5,617.40 (1W EMA100).

InvestingScope

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

Also on:

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.