InvestingScope
Short

BTCUSD: Short term trading plan.

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin had a positive session yesterday, during which it made a new Lower High within the 1D Channel Down ( RSI = 34.634, MACD = -439.400, Highs/Lows = 0.0000). It appears to be reversing now, keeping the Channel Down intact with a potential downside target (and Lower Low) at 7,500.

However based on the RSI sequence, a new inner pattern may be emerging and that is a Triangle that can limit the current reversal to only a Higher Low. As a result shorter term traders may only settle for a 7,840 downside target.





** If you like our free content follow our profile (https://www.tradingview.com/u/InvestingS...) to get more daily ideas. **

Comments and likes are greatly appreciated.
High quality portfolio management, asset allocation with excellent risk management. Grow your account, achieve steady profit levels and increase your trading edge with InvestingScope (http://www.investingscope.com).
Ouch, go short and get ruined, lost count of people calling it wrong
Reply
Nice work looks like we're moving towards the bullish zone most likely prices will retrace from 200 daily ma and could retest 7950 zone which could give us a perfect opportunity to execute our long positions however bottom upto 7500 looks unlikely for now coz bulls have beautifully protect the 7800 zone so most likely a new rally could take in action from here to keep moving prices upto 9070, 9250 or even 9750 zone
Reply
Great news about bitcoin today.
Reply
Hmmmmm
Reply
Sadly this one took a turn

Reply
Interesting analysis. this is my take on the actual situation
Reply
Good work!
This is my recent idea about Bitcoin
Please share your thoughts on this
Reply
our idea which is working just like we predicted, any thoughts?
Reply
NICE
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out