InvestingScope

BTCUSD: Is entering another short term consolidation.

INDEX:BTCUSD   Bitcoin
The 4H time frame technically remains green for Bitcoin (RSI = 65.151, MACD = 993.700, ADX = 40.425) but the 4H RSI is under a LH trend line since January 14th. With the pattern printing an identical construct, it is possible to see a new consolidation on the current heights. The best buy entry should again be upon contact with the 4H MA200.

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