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Ironman8848
Mar 7, 2021 6:29 AM

BTCUSD - D1 - STILL UNDER THE MID BOLLINGER BAND ! 

Bitcoin / U.S. dollarBitstamp

描述

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
评论
Morteza-Emzajerdi
Thanks for sharing following is my idea. Though I prefer to stay skeptical on both sides. ;-) Thanks for your time & effort.
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