BTCUSD has printed identical candle sequences within the 1D Channel Down (MACD = -32.500, Highs/Lows = -68.7665, B/BP = -318.1805) and the neutral RSI = 45.404 can provide the necessary support and Lower Low momentum. This fractal provides a projection on what levels the price action may follow until it makes a Lower High. Our projection for the Lower High is close to 4,030 (assuming today's Low holds).
Keep in mind that despite the current bullish signal, this is only a short term action, as a result long term pattern shows that we will be trading sideways for the next 6 months. There will be plenty of opportunities to buy low and sell high inside this range.
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Keep in mind that despite the current bullish signal, this is only a short term action, as a result long term pattern shows that we will be trading sideways for the next 6 months. There will be plenty of opportunities to buy low and sell high inside this range.
** If you like our free content follow our profile (www.tradingview.com/u/InvestingScope) to get more daily ideas. **
Comments and likes are greatly appreciated.
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Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
