BTC - H4 - Below Tenkan-Sen and MBB...
H4 : Currently traded below both Tenkan-Sen and MBB. Moreover, the uptrend support line is under attack !ü
Clouds support zone looks quite fragile.
A failure to hold above the 36250-36000 area would direcly put the focus on lower levels towards, first 34'800
which is the clouds support area ahead of the congestion zone support @ 33800.
On the upside, as already mentioned previously on my D1 comment, 39150 (which coincides roughly with the
downtrend line resistance) and more important the former high @ 40112 remains the levels to break in order
to reverse the bearish price action currently in place.
Sell on rally
Clouds support zone looks quite fragile.
A failure to hold above the 36250-36000 area would direcly put the focus on lower levels towards, first 34'800
which is the clouds support area ahead of the congestion zone support @ 33800.
On the upside, as already mentioned previously on my D1 comment, 39150 (which coincides roughly with the
downtrend line resistance) and more important the former high @ 40112 remains the levels to break in order
to reverse the bearish price action currently in place.
Sell on rally
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