H4 : Last candle is showing a bearish engulfing pattern
Today's recovery has been... for the time being short lived.
Indeed, failure to crossover Kijun-Sen and this 2 consecutive times triggered selling pressure
which push down again the BTC inside the falling wedge and below the downtrend line resistance
H1 : Watch this time frame,for clues and intermediate signals; clouds are working, so far, very well as resistance area
intraday's high being roughly at the middle of the clouds which is by the way also Kijun-Sen level...
Today's recovery has been... for the time being short lived.
Indeed, failure to crossover Kijun-Sen and this 2 consecutive times triggered selling pressure
which push down again the BTC inside the falling wedge and below the downtrend line resistance
H1 : Watch this time frame,for clues and intermediate signals; clouds are working, so far, very well as resistance area
intraday's high being roughly at the middle of the clouds which is by the way also Kijun-Sen level...
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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.