D1 : Still in its uptrend channel with below, strong support
represented by the clouds which until now rejected all downside
breakout attempts !
Below the Mid Bollinger Band (59258) !
Watch carefully the bottom of this ongoing uptrend channel as a failure
to stay inside would put the focus on the clouds area support zone (currently
53700-48000)
Interesting to note that the middle of this uptrend channel coincides roughly
with the former high @ 64895 seen a couple of days ago.
Therefore, in order to neutralise this ongoing downside risk, BTC should recover
first of all, above the Mid Bollinger Band (59258) which would be the first positive signal
and then, confirmed by an upside move above the middle level of the uptrend channel, having in
mind D1 closing level
represented by the clouds which until now rejected all downside
breakout attempts !
Below the Mid Bollinger Band (59258) !
Watch carefully the bottom of this ongoing uptrend channel as a failure
to stay inside would put the focus on the clouds area support zone (currently
53700-48000)
Interesting to note that the middle of this uptrend channel coincides roughly
with the former high @ 64895 seen a couple of days ago.
Therefore, in order to neutralise this ongoing downside risk, BTC should recover
first of all, above the Mid Bollinger Band (59258) which would be the first positive signal
and then, confirmed by an upside move above the middle level of the uptrend channel, having in
mind D1 closing level
