BTC - MULTI TIME FRAMES - AT A GLANCE - WATCH 46'747 / 43'353 !

M1 : 50 % Fibonacci retracement (64'895-28'600) @ 46'747 filled intra month high of 46787
W1 : Kijun Sen @ 46'747 should be seen as THE KEY PIVOT LEVEL on this time frame !!!
Indeed a weekly closing above this point would be the first significant signal calling for further upside
towards the psychological 50'000 level ahead of 51'030 (61.8% Fib ret).
On the downside watch at 43'353 (Mid Bollinger Band) as the first important support level.
D1: As long as the 42'614 level hold, picture remains positive; it is likely, after the recent ra
lly from
37'300, to assist to a consolidation phase with first support @ 42'614 and more important, the MBB currently
@ 41'130 which should be seen in this time frame as the KEY PIVOT LEVEL as well.
Interesting to not how well the Mid Bollinger Band worked well in the past.
H4: As you can see on this chart, both the clouds and MBB worked perfectly well as a very important support zone;
H1 : A new short term downtrend is taking place with, an it is not a secret, the clouds as the first support zone, currently
between 45'500 and 44'800. The lagging line is still above the clouds too.
M30 : Bottom of the clouds currently under attack, supported with a lagging line, still above the clouds too
M15 : Currently in a downtrend mode, pullback attempt has been stopped by the clouds resistance zone in this time frame and the
lagging line is below the clouds !!!
M5 : The intraday low @ 45'425 triggered a RSI bullish divergence which pushed BTC to the upside towards a high of 46'236, 2 hours ago and it has
been short lived as the BTC is again below the clouds and the lagging line is flirting also with the bottom of the clouds.
CONCLUSION :
2 very important levels to watch at very carefully :
46'747 and 43'353 on a weekly closing

Have a nice trading day
All the best and take care
Ironman8848
Bitcoin (Cryptocurrency)Fibonacciironman8848midbollingerbandPivot Points

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