InvestingScope

Moving towards the final 0.618 Fib rejection point. Still short.

Short
BITFINEX:BTCUSD   Bitcoin
BTC has resumed the uptrend following the 6,802.40 low making 4H an aggressive Channel Up (RSI = 61.244, MACD = 104.900) against our short term expectations. However we are still expecting on the medium term the 1D Channel Up (Highs/Lows = 277.2224, B/BP = 627.3060) to be limited just above the 0.618 Fibonacci retracement level (7,500 - 7,800), which on 1W has formed the previous two Lower Highs and is where we will add the last sell. The targets are intact: 6,541.80, TP2 = 6,082.70, TP3 = 5,609.10 (the latter with SL on BE).

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
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.