H1 : Failure to recover and and hold above the ongoing downtrend line resistance and MBB triggered further selling pressure !
Last closing candle was below former low closing levels and below
MBB, TS and KS !
No signs of any reversals in all indicators
Watch next H1 closing for validation or invalidation of the ongoing bearish price action
M15 : Last M15 closing was below the clouds !
Ongoing rebound attempt, indicators are slightly turning up...
Watch next M15 closing for validation or invalidation.
In order to neutralise the downside risk, BTC should quickly recover above MBB, currently @ 53148
A failure to do it would confirm that recent pullback attempt was only a corrective move in a tactical
ongoing bearish price action.
Last closing candle was below former low closing levels and below
MBB, TS and KS !
No signs of any reversals in all indicators
Watch next H1 closing for validation or invalidation of the ongoing bearish price action
M15 : Last M15 closing was below the clouds !
Ongoing rebound attempt, indicators are slightly turning up...
Watch next M15 closing for validation or invalidation.
In order to neutralise the downside risk, BTC should quickly recover above MBB, currently @ 53148
A failure to do it would confirm that recent pullback attempt was only a corrective move in a tactical
ongoing bearish price action.
