H1 : Failure to recover and and hold above the ongoing downtrend line resistance and MBB triggered further selling pressure ! Last closing candle was below former low closing levels and below MBB, TS and KS ! No signs of any reversals in all indicators Watch next H1 closing for validation or invalidation of the ongoing bearish price action
M15 : Last M15 closing was below the clouds ! Ongoing rebound attempt, indicators are slightly turning up... Watch next M15 closing for validation or invalidation. In order to neutralise the downside risk, BTC should quickly recover above MBB, currently @ 53148 A failure to do it would confirm that recent pullback attempt was only a corrective move in a tactical ongoing bearish price action.
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