BTC - H1 - M15 - TRADING IN THE ZONE - AT THE GLANCE
H1 : IN A BROAD RISING WEDGE FORMATION IN PROGRESS !
For the time being, MBB and KS rejected downside pressure attempts.
Watch 48767 ahead of 48487 as key pivot area on this time frame.
Indeed, a failure to hold above the latter level, would put the focus
on the H1 uptrend line support (in blue) which is also currently the clouds
support zone !
On the upside, watch former highs 49715 and 49938 as resistances levels
to breakout on H1 closing level !
M15 : Symmetical triangle pattern in progress !
Watch upcoming M15 closing to get confirmation.
Usually breakout is followed by a pullback which will give a second confirmation
If the pullback hold and rebound on the former resistance level, that add further
support of the view calling for further upside
For the time being, MBB and KS rejected downside pressure attempts.
Watch 48767 ahead of 48487 as key pivot area on this time frame.
Indeed, a failure to hold above the latter level, would put the focus
on the H1 uptrend line support (in blue) which is also currently the clouds
support zone !
On the upside, watch former highs 49715 and 49938 as resistances levels
to breakout on H1 closing level !
M15 : Symmetical triangle pattern in progress !
Watch upcoming M15 closing to get confirmation.
Usually breakout is followed by a pullback which will give a second confirmation
If the pullback hold and rebound on the former resistance level, that add further
support of the view calling for further upside
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