New Year Rally
Updated
Bitcoin moving in downtrend black channel. We touched support line of this channel and now forming right shoulder in reversal pattern - Inverse Head and Shoulders . 4450-4550 area resistance zone .
If we break our this level we can go to the resistance line of the black channel 4850 (50% level fibonacci) - 5250$ area (61.8% fibonacci level).
12H RSI - Oversold
If we break our this level we can go to the resistance line of the black channel 4850 (50% level fibonacci) - 5250$ area (61.8% fibonacci level).
12H RSI - Oversold
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