Bitcoin is dropping rather sharply after the 1D Golden Cross formation on Monday turning the 1D RSI neutral for the first time in more than 1 month (RSI = 45.936, MACD = 661.500, ADX = 29.791). In the process, it reached S1, which is a wide Support Zone. In our view, it has greater probabilities of making contact with the 1D MA50 before rebounding, so until this reaches the S1, Bitcoin may take some time sideways inside the Zone.
A crossing under the 1D MA50 (candle closing) targets S2, most likely the final Support of this correction as we have to also consider the HL trendline of the November 21st bottom as a buy level. In terms of RSI, the most efficient level to buy would be the Oversold Zone, below the 30.000 level.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
A crossing under the 1D MA50 (candle closing) targets S2, most likely the final Support of this correction as we have to also consider the HL trendline of the November 21st bottom as a buy level. In terms of RSI, the most efficient level to buy would be the Oversold Zone, below the 30.000 level.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
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
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
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
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
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
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。