Bitcoin has made contact with the 1D MA200 (orange line) for the first time since November 8th, 2019 and naturally since the non-stop Channel Up rise from the January 3rd, 2020 low that broke the multi month Channel Down (since the June 2019 peak).
The MA200 touch has so far delivered a rejection and the selling may escalate as the Channel Up broke. We regard this as a short term sell opportunity towards the 1D MA50 (blue line), which can provide the (first) level of Support. Our Target Zone is 7,950 - 7,700.
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The MA200 touch has so far delivered a rejection and the selling may escalate as the Channel Up broke. We regard this as a short term sell opportunity towards the 1D MA50 (blue line), which can provide the (first) level of Support. Our Target Zone is 7,950 - 7,700.
** 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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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