BTC - MULTI TIME FRAMES - AT A GLANCE
M1 : Global picture is still showing a broad trend reversal with an ongoing long black candle
in progress !
W1 : Currently below the weekly pivot level @ 40'550
D1 : Yesterday's flash crash triggered a very high volatility (43'000 to 30'066) then up above
40'000 with a closing level @ 36'780. Today's ongoing candle is showing a new recovery attempt.
A daily closing level above 40'000 today, would be seen as a first signal of a potential recovery in opening
the door for higher level, firstly towards 42'000 (MBB) ahead of the 44'000-45'000 being respectively TS and KS.
H4 : Caught in a 35'000-40'000 trading range. Watch for breakout !
H1 : Ongoing recovery in progress, above the cluster but still below the clouds !
M30 : Same than H1, but above the clouds
M15 : Same than M30, nearly reached the 40'000
M5 :Above the clouds, very short term indicators are showing some signs of loss of momentum...
CONCLUSION :
LEVELS TO WATCH ON D1 CLOSING ARE 40'000 AND 35'000
AN UPSIDE BREAKOUT OF 40'000 WOUDL PUT THE FOCUS ON 42'000 (MBB)
ON INTRADAY BASIS, SUPPORT LEVELS TO WATCH AT ARE THE FOLLOWING :
M15 : 38'500
M30 : 37'000
H1 : 35'500
H4 : 35'000
A FAILURE TO HOLD ABOVE THOSE LEVELS IN THEIR RESPECTIVE TIME FRAMES HOULD BE SEEN AS A WARNING SIGNAL !!!
in progress !
W1 : Currently below the weekly pivot level @ 40'550
D1 : Yesterday's flash crash triggered a very high volatility (43'000 to 30'066) then up above
40'000 with a closing level @ 36'780. Today's ongoing candle is showing a new recovery attempt.
A daily closing level above 40'000 today, would be seen as a first signal of a potential recovery in opening
the door for higher level, firstly towards 42'000 (MBB) ahead of the 44'000-45'000 being respectively TS and KS.
H4 : Caught in a 35'000-40'000 trading range. Watch for breakout !
H1 : Ongoing recovery in progress, above the cluster but still below the clouds !
M30 : Same than H1, but above the clouds
M15 : Same than M30, nearly reached the 40'000
M5 :Above the clouds, very short term indicators are showing some signs of loss of momentum...
CONCLUSION :
LEVELS TO WATCH ON D1 CLOSING ARE 40'000 AND 35'000
AN UPSIDE BREAKOUT OF 40'000 WOUDL PUT THE FOCUS ON 42'000 (MBB)
ON INTRADAY BASIS, SUPPORT LEVELS TO WATCH AT ARE THE FOLLOWING :
M15 : 38'500
M30 : 37'000
H1 : 35'500
H4 : 35'000
A FAILURE TO HOLD ABOVE THOSE LEVELS IN THEIR RESPECTIVE TIME FRAMES HOULD BE SEEN AS A WARNING SIGNAL !!!
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.