BTC D1/ H4 - AT A GLANCE
D1 : No change, strategic view still pointing to the NORTH:
ONLY A MOVE BELOW TS (currently @ 51734) would force to a view reassessment of the
strategic view
H4 : Yesterday, once again, MBB worked perfectly well in rejecting the countertrend attempt.
For the time being consider new trading range 57550-55000 (potentiallly 54000 as it coincides
currently with MBB)
On this time frame, only a move below 54000 would neutralise the ongoing bullish price action and
potentially open the door for lower levels towards the H4 support trend line (currently around the 51000 area)
Any downside move should only be seen as a corrective move in a broad bullish trend. Therefore, as already mentioned,
for those who want to "play" countertrend move, a disciplinated monitoring on shorter time frames is MANDATORY !
Have a nice Sunday.
An do not forget to like, (also in Twitter), my posts if you think it bring you added value :-)
ONLY A MOVE BELOW TS (currently @ 51734) would force to a view reassessment of the
strategic view
H4 : Yesterday, once again, MBB worked perfectly well in rejecting the countertrend attempt.
For the time being consider new trading range 57550-55000 (potentiallly 54000 as it coincides
currently with MBB)
On this time frame, only a move below 54000 would neutralise the ongoing bullish price action and
potentially open the door for lower levels towards the H4 support trend line (currently around the 51000 area)
Any downside move should only be seen as a corrective move in a broad bullish trend. Therefore, as already mentioned,
for those who want to "play" countertrend move, a disciplinated monitoring on shorter time frames is MANDATORY !
Have a nice Sunday.
An do not forget to like, (also in Twitter), my posts if you think it bring you added value :-)
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