H1 : Recent price action triggered a triple top formation coupled with bearish divergences !!!
Bearish engulfing pattern, confirmed by another long black candle pushed BTC down, breaking
on its way the former uptrend support line in moving down below Tenkan-Sen, Kijun-Sen and Mid Bollinger Band.
Next short term support is now @ 52650 former peak of March 3rd ahead of the clouds support area which iscurrently
very thin = FRAGILITY !!! Interesting to note that the 38.2 % Fib ret is @ 52200, in the middle of the clouds area !
Watch also carefully M15 to detect early signal (s)
Bearish engulfing pattern, confirmed by another long black candle pushed BTC down, breaking
on its way the former uptrend support line in moving down below Tenkan-Sen, Kijun-Sen and Mid Bollinger Band.
Next short term support is now @ 52650 former peak of March 3rd ahead of the clouds support area which iscurrently
very thin = FRAGILITY !!! Interesting to note that the 38.2 % Fib ret is @ 52200, in the middle of the clouds area !
Watch also carefully M15 to detect early signal (s)
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.