BTCUSDT 1H RSI 85%, correction is needed to gain new momentum

BTC FINALLY BROKE THE RESISTANCE OF 65k, so now it sets its target at 69k. As always, the path is not usually direct and at this point, with the RSI showing signs of exhaustion, it is possible that BTC will look for the 64k corresponding to a 0.618% FIBO correction and which coincides with the base of the dynamic support of the current bullish channel. On the other hand, it could also be supported by the 65k which would now stop being resistance and become support.

It is a matter of establishing clear patterns to develop an appropriate strategy.

All these strategic alternatives can be configured with TradeX BoT, since it will allow positioning in both directions without having to block any amount per position. It will only be necessary for the conditions to be met, either downwards or upwards, so that the orders are executed in one direction or another, taking the necessary deposits.

TradeX BoT (in development): Tool to automate trading strategies designed in TradingView. It works with both indicators and graphic design tools: parallel channels, trend lines, supports, resistances... It allows you to easily establish SL (%), TP (%), SL Trailing... multiple strategies in different values, simultaneous BUY-SELL orders, conditional orders.

This tool is in the development process and the BETA will soon be ready for testing.

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