H1 : After having reached a high of 56686, BTC is trading now
in a sideways price action and currently below the Mid Bollinger Band
and also below the middle level of the ongoing uptrend channel.
Watch carefully at both side of this uptrend channel as a breakout
would show the direction.
M15: Breakout of the clouds, close to the former high of 55597.
A failure to hold above this level would put the focus on the 23.6% Fib ret
@ 55193 ahead of the uptrend support line around the 55000.
Below the 38.2 % Fib ret @ 54269 will be the next support
in a sideways price action and currently below the Mid Bollinger Band
and also below the middle level of the ongoing uptrend channel.
Watch carefully at both side of this uptrend channel as a breakout
would show the direction.
M15: Breakout of the clouds, close to the former high of 55597.
A failure to hold above this level would put the focus on the 23.6% Fib ret
@ 55193 ahead of the uptrend support line around the 55000.
Below the 38.2 % Fib ret @ 54269 will be the next support
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