BTC - D1/H4 - AT A GLANCE...
D1 : Caught in a 55500-60000 trading range in the last couple of days.
Important to note the level of Mid Bollinger Band which is currently @ 55313
and which hold since the 8th March...
Price action seen over the last 4 days is showing narrow range between
opening and closing level which confirm some indecision and uncertainty
about further direction.
While, on one hand, BTC is still trading above the secondary support trend line,
on the other hand, it is currently in a new downtrend price action.
The 57500 area should be seen as a pivot level.
H4 : Below Mid Bollinger Band and roughly in the middle of the triangle pattern.
Breakout should occur soon or later and depending on the side, that will give
important information for the upcoming trading hours & sessions.
Once again the clouds support zone remains very thin, meaning, very fragile !!!
Watch carefully price action on shorter time frames H1 and M15
Have a nice week
Have fun
Happy trading
Important to note the level of Mid Bollinger Band which is currently @ 55313
and which hold since the 8th March...
Price action seen over the last 4 days is showing narrow range between
opening and closing level which confirm some indecision and uncertainty
about further direction.
While, on one hand, BTC is still trading above the secondary support trend line,
on the other hand, it is currently in a new downtrend price action.
The 57500 area should be seen as a pivot level.
H4 : Below Mid Bollinger Band and roughly in the middle of the triangle pattern.
Breakout should occur soon or later and depending on the side, that will give
important information for the upcoming trading hours & sessions.
Once again the clouds support zone remains very thin, meaning, very fragile !!!
Watch carefully price action on shorter time frames H1 and M15
Have a nice week
Have fun
Happy trading
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