BTC - D1 - ON GOING PRICE RECOVERY PRICE ACTION...
D1 : Saturday's price action triggered a Doji pattern.
Yesterday's price action triggered a long black bearish candle with an intraday low, holding above the former
uptrend (green arrow).
Today's ongoing price action is showing a recovery in progress facing right now the first resistance level
to break and it is, once again TS !
Second obstacle will be MBB (currently @ 34281) and then the D1 downtrend line resistance, currently @ 34600.
Interesting to note that the yesterday'opening coincides with MBB and a daily closing today above that level
would trigger a bullish engulfing pattern... with a closing level, ABOVE MBB and even better if it is above the
downtrend line resistance !!!
H4/H1 : Watch carrefuly in screening, shorter time frames H4 and H1, to monitor closely intraday price action in order to be able
to react accordingly.
Yesterday's price action triggered a long black bearish candle with an intraday low, holding above the former
uptrend (green arrow).
Today's ongoing price action is showing a recovery in progress facing right now the first resistance level
to break and it is, once again TS !
Second obstacle will be MBB (currently @ 34281) and then the D1 downtrend line resistance, currently @ 34600.
Interesting to note that the yesterday'opening coincides with MBB and a daily closing today above that level
would trigger a bullish engulfing pattern... with a closing level, ABOVE MBB and even better if it is above the
downtrend line resistance !!!
H4/H1 : Watch carrefuly in screening, shorter time frames H4 and H1, to monitor closely intraday price action in order to be able
to react accordingly.
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