InvestingScope

Testing the 1W Support.

Long
BITFINEX:BTCUSD   Bitcoin
The price has just tested the upper layer of the 6,000 - 6,432.4 1W support zone for the first time since April 01, technically completing this bearish leg of the Triangle pattern (RSI = 43.291, MACD = -127.000). We are still assuming no (short) action until either 6,000 breaks or the 0.618 Fibonacci retracement levels (8,327.90 - 8,719.20) are tested. Based on that Lower High repetitive pattern on 1W, testing the 0.618 is more probable. Volumes are increasing (32.01K) and 7,286.70 - 7,417.90 (1H) should be the next target zone for bulls if the 1W support is rejected again (most probable scenario).

Telegram: t.me/investingscope
www.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
Declinazione di responsabilità

Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.