BTC - D1 - ONGOING BEARISH MODE...
D1 : Indeed, the failure, yesterday to recover above the former countertrend support trend line
should be seen as a negative factor for those who are still strategically bullish on BTC !
W1 picture is also on a negative ongoing process...
For short term analysis, have a look at :
H4 : 2 failures to upside breakout above the short term support trend line of recovery attempts
Currently below the clouds
H1 : Recovery failures and below the clouds too
As mentioned several times in my previous posts, only a clear move above :
1) 33337
2) 34867
3) 35260
would force to a view reassessment of my bearish expected scenario calling for 30'000 first
ahead of 27426 (which is ONLY the 38.2% Fibonacci retracement (3850-42000).
DO NOT FORGET THE TRIANGLE TECHNICAL TARGET @ 23590 WHICH IS STILL ALIVE !!!
Good luck
Have a nice end of the day
should be seen as a negative factor for those who are still strategically bullish on BTC !
W1 picture is also on a negative ongoing process...
For short term analysis, have a look at :
H4 : 2 failures to upside breakout above the short term support trend line of recovery attempts
Currently below the clouds
H1 : Recovery failures and below the clouds too
As mentioned several times in my previous posts, only a clear move above :
1) 33337
2) 34867
3) 35260
would force to a view reassessment of my bearish expected scenario calling for 30'000 first
ahead of 27426 (which is ONLY the 38.2% Fibonacci retracement (3850-42000).
DO NOT FORGET THE TRIANGLE TECHNICAL TARGET @ 23590 WHICH IS STILL ALIVE !!!
Good luck
Have a nice end of the day
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