BitcoinLong
BTC / USD - H4 - Towards the price target of 7800
BTC / USD - H4 - Towards the price target of 7800
Hello
In our view, the BTC is still in a rising trend and is preparing to hit a peak of $ 7028.3 on Bitfinex.
In this area, BTC will turn around for a correction of 3 days to $ 6558.5 per Ichimoku Kumo. We note that on July 11th, we see a possible reversal of the upside potential from $ 6558.5. FR 50% of the previous wave, or US $ 7850.4.
This possibility is generated by the bottom convergence of the RSI and MACD indicators at the discounted price of Bitcoin over the past few months, forming the accumulation area for the medium wave correction increase to prepare for too Long-term reduction of BTC.
Observed in 1D frame we are calculating the bottom of this wave estimated at 4728.1 USD
We are waiting for the upcoming events of BTC, we will update continuously on the group's daily, weekly news. Like and share if you like us. Please self-regulate your account, all information is for reference only.
Sincerely, thank you!
Tradecoinplus
Hello
In our view, the BTC is still in a rising trend and is preparing to hit a peak of $ 7028.3 on Bitfinex.
In this area, BTC will turn around for a correction of 3 days to $ 6558.5 per Ichimoku Kumo. We note that on July 11th, we see a possible reversal of the upside potential from $ 6558.5. FR 50% of the previous wave, or US $ 7850.4.
This possibility is generated by the bottom convergence of the RSI and MACD indicators at the discounted price of Bitcoin over the past few months, forming the accumulation area for the medium wave correction increase to prepare for too Long-term reduction of BTC.
Observed in 1D frame we are calculating the bottom of this wave estimated at 4728.1 USD
We are waiting for the upcoming events of BTC, we will update continuously on the group's daily, weekly news. Like and share if you like us. Please self-regulate your account, all information is for reference only.
Sincerely, thank you!
Tradecoinplus
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Related publications
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.