Inverted head and shoulders pattern showing bullish bias and potential retest of 0.618 in next week
Triple waves pattern also confirms a potential retest of 0.618 level in next week according to the angles and lengths of previous waves
RSI levels are showing signs of overselling -> might indicate a reversal in short term as both 4h and weekly charts show this
MACD levels are confirming the bearish trend with likely zero crossover to come
Conclusion:
we might see BTC 3.01% range 7500 - 9500 again in the next 1-2 weeks depending on which pattern dominates
Triple waves pattern also confirms a potential retest of 0.618 level in next week according to the angles and lengths of previous waves
RSI levels are showing signs of overselling -> might indicate a reversal in short term as both 4h and weekly charts show this
MACD levels are confirming the bearish trend with likely zero crossover to come
Conclusion:
we might see BTC 3.01% range 7500 - 9500 again in the next 1-2 weeks depending on which pattern dominates
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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.
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.