BTC - GLOBAL STRATEGIC PICTURE
D1 : New downtrend is taking place
Watch today's closing for confirmation
A closing level below 38320 would trigger a bearish engulfing pattern
Only a move back and hold above yesterday's high slightly above 41'000
and above the new daily downtrend resistance would force to a view
reassessment of the expected bearish scenario
W1 : This week price action is showing a long white candle which is loosing some
momentum from yesterday's peak.
Indeed, as per D1 today's weekly closing will also be very important as a failure
to close above 38175 would also be negative for the BULLS
M1 : You can see the new downtrend in progress
M3 : irrelevant
Have a great Sunday
All the best
Watch today's closing for confirmation
A closing level below 38320 would trigger a bearish engulfing pattern
Only a move back and hold above yesterday's high slightly above 41'000
and above the new daily downtrend resistance would force to a view
reassessment of the expected bearish scenario
W1 : This week price action is showing a long white candle which is loosing some
momentum from yesterday's peak.
Indeed, as per D1 today's weekly closing will also be very important as a failure
to close above 38175 would also be negative for the BULLS
M1 : You can see the new downtrend in progress
M3 : irrelevant
Have a great Sunday
All the best
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