BTCUSD: Testing the 1D MA50. Buy the candle close.

BTCUSD is on neutral technicals on the 1D timeframe (RSI = 52.076, MACD = -177.600, ADX = 37.429) as it remaing inside the two month Channel Down but hit its top today, as well as the 1D MA50 for the first time since May 29th. If it closes the 1D candle over it (hasn't done so since May 6th), we will buy the breakout and target R1 (TP = 32,400), which is a 12 month top (since May 31st 2022). If it gets rejected though, we will wait until contact is made with the 1D MA200 before buying, with the same target.

The 1D RSI trend is fairly similar with December 2023. It has also a LH trendline, which if broken, gives its own buy signal.


## If you like our free content follow our profile to get more daily ideas. ##

## Comments and likes are greatly appreciated. ##