BTC Inv.H&S back in play after bullish RSI divergence;what next?

BTC/USD COINBASE:BTCUSD

xtremerider8

BTC recovered the Head to RS line with a bullish RSI divergence. Now the inverse H&S pattern is back in play after that Beartrap. Various indices also recovered with bullish divergence .
Immediate target will be the FIBO 0.50 at 44300. Ultimately BTC will again try to target the projected red dma200 line which falls somewhere near FIBO 0.618 area at around 49100.
Not trading advice

You might be interested in …

Trading View May 18, 2022

BITCOIN Comparing 2 year corrections. Conditions for a bottom.

Bitcoin Comparing 2 year corrections. Conditions for a bottom. Bitcoin all time history index INDEX:BTCUSD TradingShot Bitcoin ( BTCUSD ) has seemingly recovered from the correction of the first 2 weeks of May and is […]

Trading View June 4, 2022

REAL ALT SEASON Around the Corner, but first BTC

REAL ALT SEASON Around the Corner, but first BTC BTCUSD Longs BITFINEX:BTCUSDLONGS cryptovatsik This is the BTC USD LONGS Open Interest Chart, you cannot trade it but it can act as an indicator to your […]

Trading View April 25, 2022

BTCUSDT : SHOULD YOU BE WORRIED ??

BTCUSDT : SHOULD YOU BE WORRIED ?? Bitcoin / TetherUS PERPETUAL FUTURES BINANCE:BTCUSDTPERP scramblerG Hello !! Welcome to the quick update of BTCUSDT . As posted in my last chart, BTC was taking major support […]