Bitcoin has been on an almost 20 day consolidation (excluding the Greyscale bounce) with the 1H technicals neutral (RSI = 50.047, MACD = -22.300, ADX = 23.021) during most of this time. This is an excellent framework for short term scalping while on the long term potentially hints to a bottom formation on the HL trendline of the long term Channel Up pattern.
Additionally, the 1D MA50/100 Cross that was formed four days ago, was a bottom signal last time it was formed (June 15th). Keep a tight SL below the Channel Up and target near the top of the pattern (TP = 32,000).
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Additionally, the 1D MA50/100 Cross that was formed four days ago, was a bottom signal last time it was formed (June 15th). Keep a tight SL below the Channel Up and target near the top of the pattern (TP = 32,000).
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## Comments and likes are greatly appreciated. ##
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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
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.