BTCUSD Channel Down bottoming. Bullish reversal ahead.
385
Bitcoin is trading inside a Channel Down and today the price almost hit its bottom. This is a similar buy signal with February 9th and 12th, when the price reversed to hit at least the 0.618 Fib.
Trading Plan: 1. Buy on the current market price.
Targets: 1. 96700 (the 0.618 Fib).
Tips: 1. The RSI (4h) is oversold, which is always a strong technical condition for a buy.
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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.