BTC - AT A GLANCE - WATCH THE CLOUDS !
D1 : Failure to stay and hold above the clouds = First warning !
H4 : Rising wedge formation in progress, ongoing perfect school case
Breakout followed by a nice decline towards a low of 56256, then pullback
towards 59603 and failure to get inside the rising wedge, then a first long black
candle which is currently followed by a second one (in progress, wait H4 closing for confirmation !)
Rising wedge target @ 53'880
Mid Bollinger Band under attack, watch Kijun-Sen as the last support b4 the former low of 56'256
which is also the trigger of a double top formation in progress (see H1 comment)
H1 : Double top formation in progress, clouds support are under attack, double top trigger level
@ 56256. A breakout confirmed of this level would give a target of 52'909
M30: Downside breakout of a former downtrend channel with clouds support under attack too
M15 : Under the former downtrend channel and already below the clouds !!!
M5 : Below the clouds and below the former downtrend channel too.
CONCLUSION :
Watch carefully any recovery signal (s) which will be given to you, in starting your screening from
M5, then confirm by M15, M30, H1 and H4
And last but not least : WATCH THE CLOUDS AND MID BOLLINGER BAND IN EACH TIME FRAME !!!
Good luck
all the best
Ironman8848
H4 : Rising wedge formation in progress, ongoing perfect school case
Breakout followed by a nice decline towards a low of 56256, then pullback
towards 59603 and failure to get inside the rising wedge, then a first long black
candle which is currently followed by a second one (in progress, wait H4 closing for confirmation !)
Rising wedge target @ 53'880
Mid Bollinger Band under attack, watch Kijun-Sen as the last support b4 the former low of 56'256
which is also the trigger of a double top formation in progress (see H1 comment)
H1 : Double top formation in progress, clouds support are under attack, double top trigger level
@ 56256. A breakout confirmed of this level would give a target of 52'909
M30: Downside breakout of a former downtrend channel with clouds support under attack too
M15 : Under the former downtrend channel and already below the clouds !!!
M5 : Below the clouds and below the former downtrend channel too.
CONCLUSION :
Watch carefully any recovery signal (s) which will be given to you, in starting your screening from
M5, then confirm by M15, M30, H1 and H4
And last but not least : WATCH THE CLOUDS AND MID BOLLINGER BAND IN EACH TIME FRAME !!!
Good luck
all the best
Ironman8848
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