CryptoSlots777

BTC MF RSI trendlines and FIBS

Long
CryptoSlots777 Updated   
BINANCE:BTCUSDT   Bitcoin / TetherUS

From the 12k level we dropped to ~9.8k and bounced to 11k almost perfect touch of the 0.618 fib.
We dropped to 10.1k (higher low) to bounce again to 0.618 at ~10.7k where we stayed for a while.
Breaking this last 0.618 fibs is very bullish and we are forming a couple of channels and flags along the road.

Volume should be watched for confirmation.

Bullish scenario:
  • Target 1 ~11.3k
  • Retest could be ~10.9
  • Break Target 1 11.3k and new high around ~11.8k but this is guessing.
Bearish scenario:
  • Target 1 ~11.3k
  • Retest could be ~10.9
  • Support broken
  • Target ~10.3k

Clear uptrend so for now bullish.

Comment:
Some interesting levels

Trade closed manually
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