BTC - H1 - TRADING IN THE ZONE - AT A GLANCE
H1 : Watch the clouds as an important support zone.
2 successives dojis took place which triggered a rebound.
Technical indicators are showing some signs of a recovery.
Resistances levels are the following :
R1 : 56327
R1 : 56713 (currently the downtrend line resistance level)
R3 : 57099
IMPORTANT TO NOTE THAT 57099 IS ALSO THE LEVEL OF THE MID BOLLINGER BAND !
Therefore, in order to invalidate the ongoing tactical bearish price action, BTC need to recover and hold above
57100 and which is the case, focus will be on 78.6% Fib ret @ 57650
Watch M15 for intermediate signal (s)
2 successives dojis took place which triggered a rebound.
Technical indicators are showing some signs of a recovery.
Resistances levels are the following :
R1 : 56327
R1 : 56713 (currently the downtrend line resistance level)
R3 : 57099
IMPORTANT TO NOTE THAT 57099 IS ALSO THE LEVEL OF THE MID BOLLINGER BAND !
Therefore, in order to invalidate the ongoing tactical bearish price action, BTC need to recover and hold above
57100 and which is the case, focus will be on 78.6% Fib ret @ 57650
Watch M15 for intermediate signal (s)
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