D1 : As mentioned yesterday, failure to recover at least above former mid black candle (@ 36810) triggered renewed selling pressure, in putting, overnight the focus on MBB, currently @ 32455
MACD cross UNDER !!!
H4 : Failure to recover and hold above the clouds, in conjonction with a rejection at the 50 % Fibonacci retracement (@ 36130) triggered selling pressure
H1 : Picture is pretty clear, pullback failure from the Jan 11th low @ 30237, rejecting by both 50% Fibonnacci retracement, previously mentioned on H4 and
by the top of the clouds resistance area around the 36'000 level
CONCLUSION :
A failure to hold above the MId Bollinger Band (MBB) would trigger a downside move acceleration in opening the door for 29'000, which is the 50 % Fibonacci retracement of the 16218-42000 recent rally,
ahead of 26'066 (61.8% Fibonacci retracement)
On the upside, no change in my view and only a clear upside breakout of 36810 would force to a view reassessment of the expected bearish scenario, calling for lower levels.
For the time being, BTC remains a SELL on rally on a broad bear trend
MACD cross UNDER !!!
H4 : Failure to recover and hold above the clouds, in conjonction with a rejection at the 50 % Fibonacci retracement (@ 36130) triggered selling pressure
H1 : Picture is pretty clear, pullback failure from the Jan 11th low @ 30237, rejecting by both 50% Fibonnacci retracement, previously mentioned on H4 and
by the top of the clouds resistance area around the 36'000 level
CONCLUSION :
A failure to hold above the MId Bollinger Band (MBB) would trigger a downside move acceleration in opening the door for 29'000, which is the 50 % Fibonacci retracement of the 16218-42000 recent rally,
ahead of 26'066 (61.8% Fibonacci retracement)
On the upside, no change in my view and only a clear upside breakout of 36810 would force to a view reassessment of the expected bearish scenario, calling for lower levels.
For the time being, BTC remains a SELL on rally on a broad bear trend
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.