H1 : As expected the breakout of the psychological resistance level of 60'000 triggered
an upside acceleration which pushed the BTC towards nearly 65'000 (W1 projection)
Once again, clouds worked perfectly well as shown on this H1 time frame, in rejecting
successive downtrend breakout attempts.
Therefore, I would strongly suggest to watch carefully at the clouds support zone as one
of the first trend indicators and this on all time frames which would help you to elaborate
your trading plan depending on YOUR INVESTMENT TIME HORIZON !
As long as BTC stays above 62000/61500 it is OK !
A failure to do it would trigger selling pressure putting in focus the 60'000 area former resistance
level which should now be seen as the new pivot support zone.
Indeed, a breakout of the 60'000 would be very negative in reopening the door for lower levels
M15 : Watch the Mid Bollinger Band and the clouds as the relevant indicators.
an upside acceleration which pushed the BTC towards nearly 65'000 (W1 projection)
Once again, clouds worked perfectly well as shown on this H1 time frame, in rejecting
successive downtrend breakout attempts.
Therefore, I would strongly suggest to watch carefully at the clouds support zone as one
of the first trend indicators and this on all time frames which would help you to elaborate
your trading plan depending on YOUR INVESTMENT TIME HORIZON !
As long as BTC stays above 62000/61500 it is OK !
A failure to do it would trigger selling pressure putting in focus the 60'000 area former resistance
level which should now be seen as the new pivot support zone.
Indeed, a breakout of the 60'000 would be very negative in reopening the door for lower levels
M15 : Watch the Mid Bollinger Band and the clouds as the relevant indicators.
