Possible long on Bitcoin. Retracing to .618 line after forming a head and shoulders. MACD is looking to turn bullish within the next day. RSI is under the 50 line and is approaching oversold territory. Buy at .618 and manage position thereafter. Possible resistance from cyan channel.
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.