BTCUSD: Is the new rally to +30k about to start?
Bitcoin is on the second green 1D candle in a row trading on neutral 1D technicals (RSI = 46.543, MACD = -510.500, ADX = 23.740) despite being at the bottom of the 2 month downtrend, almost on S1 (24,800), which was the June 15th low.
There is a significant bullish divergence on the 1D RSI being on HL as opposed to the candles being on an LL trendline. This is an early buy opportunity that will be confirmed when the price closes the first 1D candle over the 1D MA50 (hasn't done so since August 1st). As you can see, this structure is very symmetrical to May-June.
We will buy the breakout and target the HH trendline (TP = 32,500).
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There is a significant bullish divergence on the 1D RSI being on HL as opposed to the candles being on an LL trendline. This is an early buy opportunity that will be confirmed when the price closes the first 1D candle over the 1D MA50 (hasn't done so since August 1st). As you can see, this structure is very symmetrical to May-June.
We will buy the breakout and target the HH trendline (TP = 32,500).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
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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
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