Bitcoin
Long
Updated

New Year Rally

35638
Bitcoin moving in downtrend black channel. We touched support line of this channel and now forming right shoulder in reversal pattern - Inverse Head and Shoulders . 4450-4550 area resistance zone .
If we break our this level we can go to the resistance line of the black channel 4850 (50% level fibonacci) - 5250$ area (61.8% fibonacci level).
12H RSI - Oversold
Note
snapshot
Note
snapshot
Note
snapshot
Note
snapshot
Note
snapshot
Note
snapshot
Note
snapshot

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.