M1 : Ongoing bearish price action
W1 : Last week closing level above MBB triggered a corrective move recovery
towards a high so far of 2750. Still below the weekly pivot level @ 2950
and Tenkan Sen @ 3025
D1 : Yesterday's price action triggered a bullish engulfing pattern which breakout
the clouds on the upside...BUT IT DID NOT BREAKOUT THE TENKAN-SEN YET !!
Watch...
H1 : Against my expectation, sorry guys,,, the BTC clearly broke the top of the H1 clouds
@ 55'000 an went up in one way towards a high so far of 57'443.
Nevertheless, I told you that a sustainable move above 55'000 would force a view reassessment !!!
So what next ?
D1 : Clouds top breakout in progress and Mid Bollinger Band too. (should be confirmed on a D1...
H1 : Caught in a sideways range (52630 – 54400) and still above MBB (53673).
A failure to stay and hold above MBB
would open the door for the 23.6 % fib ret @ 52658 ahead of 51’577.
On the upside, a breakout of the former high @ 54’405 would be the first signal of a switch
from a short term sideways (neutral) price action to a bullish one !
M15 : An Head and...
