BTCUSD Last pullback before 26000

23 בפבר׳ 2023

BTCUSD - BITCOIN is now under the 4hour MA50, same as it was on February 5th before the last short term sell off.

Inside this 1 month Bullish Megaphone structure, this this formation appears to be repetitive as the decline from top to the 4hour MA50 bottom is on both patterns -6.60%. A larger -11.50% correction followed after a 4hour MA50 rejection to the bottom of the Bullish Megaphone.

Buy this pullback at 22400 and target 26000. The 4hour RSI entering its Buy Zone is for us the final confirmation to buy.


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