InvestingScope
Lång

BTCUSD: Triple Top rejection. Expect 6,800 - 6,400.

BITFINEX:BTCUSD   Bitcoin / Dollar
Bitcoin was rejected for the 3rd time on the 8,200 - 8,360 zone, making a Triple Top rejection formation on 4H (turned neutral with RSI = 51.868, ADX = 28.597 as it is trading close to the 0.500 Fibonacci level). We are expecting the rebound zone within 6,400 - 6,800 assuming that the decline rate on every rejection increases by 0.40. There is also an obvious long term Support, which if respected will accumulate buyers for the next leg up towards 10,000.










** If you like our free content follow our profile (https://www.tradingview.com/u/InvestingS...) to get more daily ideas. **

Comments and likes are greatly appreciated.
High quality signals (http://www.investingscope.com) for live buy/sell opportunities on a variety of financial assets.
Good job investing scope .! you have been right most of the 2016-17 bull market , you have called the bottom of the bear market to the tea ,and now this....we are aproaching 10k ....
Svara
what do you think about this idea? invalid? thanks
Svara
Here Are The EVIDENCE: BITCOIN Will GO into PARABOLIC BULL RUN! MUST SEE...

+1 Svara
what do u think about this analyze

Svara
Tracking a similar correction here ... scope to retrace as far as 5300 ..
+1 Svara
@ridethepig, Very well presented.
Svara
Hello, another video TA on bitcoin, i talk about few scenarios and thing you should look at, Enjoy !
+1 Svara
"Expect 6,800 - 6,400"? Not necessarily.
+2 Svara
Nice analysis. This is what im seeing

+1 Svara
Inverse Head and Shoulders Patterns maybe will plot

+2 Svara
Hem Aktie-screener Forex-screener Krypto-screener Ekonomisk kalender Hur det fungerar Diagramfunktioner Priser Ordningsregler Moderatorer Webbsidor och mäklarlösningar Widgets Charting Solutions Få hjälp Funktionsförfrågan Blogg & nyheter Frågor och svar Wiki Twitter
Profil Profilinställningar Konto och fakturering Få hjälp Publicerade idéer Följare Följer Privata meddelanden Chatt Logga ut