BTCUSD is on neutral 1D technicals (RSI = 48.291, MACD = 346.700, ADX = 26.388) which indicates its still consolidating despite today's sharp drop that turned the 4H time-frame red. We are expecting a 4H Death Cross to be formed today or tomorrow, which even though bearish in technical nature, it has been this year, in peculiar fashion, a bullish signal.
This chart shows that the April 24th and February 14th Death Cross patterns delivered a strong rebound of +11.30% and +18.00% respectively. On all fractals, the 4H MACD formed a Bullish Cross from the oversold region.
Consequently, we are expecting another (at least) +11.30% rebound (TP = 32,800).
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This chart shows that the April 24th and February 14th Death Cross patterns delivered a strong rebound of +11.30% and +18.00% respectively. On all fractals, the 4H MACD formed a Bullish Cross from the oversold region.
Consequently, we are expecting another (at least) +11.30% rebound (TP = 32,800).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
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Over 65% accuracy on Private Signals Channel.
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Free Channel: t.me/investingscopeofficial
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Telegram: t.me/investingscope
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
investingscope.com
Over 65% accuracy on Private Signals Channel.
Over 15% return monthly on our Account Management Plan.
Account RECOVERY services.
Free Channel: t.me/investingscopeofficial
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.