🔥 Bitcoin Channel + RSI Reversal
Since early December, Bitcoin is trading in a bearishg channel. With a recent touch of the channel, there's a decent chance that we're going to reverse from the channel's support towards the top of the pattern.
To further strenghten the reversal, the 1H RSI has reached a severly oversold level of around 24. These two facts combined make for a good short-term bullish reversal case.
Target for the reversal would be the area around the top of the channel.
Happy trading!
To further strenghten the reversal, the 1H RSI has reached a severly oversold level of around 24. These two facts combined make for a good short-term bullish reversal case.
Target for the reversal would be the area around the top of the channel.
Happy trading!
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Related publications
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.