D1 : Still in a broad bearish channel and below the Mid Bollinger Band.
Yesterday's price action triggered a doji ("hanging man" or "dragonfly", confirmation
will be given on D1 closing) !
Globally, as long as BTC does not breakout the downdrend channel first and does
not move and hold above MBB and Kijun-Sen (Base line), price action seen over the last couple of sessions
remains a corrective move in a bear trend.
As told several times, ONLY a CLEAR breakout confirmation of the "CLUSTER" three levels above mentioned,
would force to a view reassessment of the current scenario which potentially may change from
bearish to bullish.
On the downside, watch Tenkan-Sen (Conversion line) @ 47836, as the first significant support.
In the meantime watch shorter time frames to get intermediate clues for ongoing price action
Have a nice Sunday and have fun.
All the best and take care
Yesterday's price action triggered a doji ("hanging man" or "dragonfly", confirmation
will be given on D1 closing) !
Globally, as long as BTC does not breakout the downdrend channel first and does
not move and hold above MBB and Kijun-Sen (Base line), price action seen over the last couple of sessions
remains a corrective move in a bear trend.
As told several times, ONLY a CLEAR breakout confirmation of the "CLUSTER" three levels above mentioned,
would force to a view reassessment of the current scenario which potentially may change from
bearish to bullish.
On the downside, watch Tenkan-Sen (Conversion line) @ 47836, as the first significant support.
In the meantime watch shorter time frames to get intermediate clues for ongoing price action
Have a nice Sunday and have fun.
All the best and take care
