D1 : Technical targets mentioned in my yesterday's comments have easily been filled with an intraday of 30261. Nice recovery on a daily closing basis above the Tenkan-Sen, currently @ 34867 Nevertheless, IN ORDER TO NEUTRALISE DOWNSIDE RISK, BTC needs to close today at least above the middle of the long black candle, which would trigger a "Piercing line" or even better, above the opening of this same black candle which in this case would confirm a "bullish engulfing pattern", calling for higher levels. Therefore, on a daily basis we have to wait until this evening in order to see how the price action will have performed over the day.
H4 : 50 % Fib ret & Kijun-Sen has been filled (@ 36130), currently trying to recover above the clouds support zone.
H1 : Watch closely at the price action around the clouds which would give more clues about short term price action. Bullish above the clouds and bearish below