BTC - H4 - LEVELS TO WATCH : 38'000 AND 39640 !
M1 : Recovery attempt in progress, confirmation will be given on M1 closing at the end of June.
W1 : KEY PIVOT LEVEL @ 43'380 (Kijun) as long as BTC is not able to sustainably hold above that
important level, the expected bearish scenario remains alive !
D1 : Currenty attempting to recover above the former uptrend line support which became now the
new resistance area to break. Wait closing for a breakout validation or invalidation
H4 : Kijun (38'062) worked perfectly well as support level, in rejecting the downside breakout attempt
which reached a low of 38'095 ! Currently trying to recover above Tenkan-Sen and MBB and a sustainable
move above 39'640 would, for the time being, neutralized the ongoing downside risk
H1 : Below the clouds and, currently between MBB (support) and KS (resistance)
M30 . Bullish divergence triggered the recovery.Facing the bottom of the clouds resistance zone
M15 : Above the clouds
M5 : Recent price action is showing a pullback towards the clouds which hold in rejecting the dowside breakout
CONCLUSION :
In H4, 2 levels to watch for further development :
On the upside : 39'640
On the downside : 38'000
IMPLICATIONS :
A clear breakout of one of those levels would imply a move towards, respectively :
Former high around 41'341, being also D+ bottom clouds resistance area
37'400 ahead of 36'183 and 34'965 being respectively 38.2%, 50% and 61.8% Fib ret and also broadly the clouds support zone in this H4 time frame.
Have a nice trading day and have fun.
All the best, take care
Ironman8848
W1 : KEY PIVOT LEVEL @ 43'380 (Kijun) as long as BTC is not able to sustainably hold above that
important level, the expected bearish scenario remains alive !
D1 : Currenty attempting to recover above the former uptrend line support which became now the
new resistance area to break. Wait closing for a breakout validation or invalidation
H4 : Kijun (38'062) worked perfectly well as support level, in rejecting the downside breakout attempt
which reached a low of 38'095 ! Currently trying to recover above Tenkan-Sen and MBB and a sustainable
move above 39'640 would, for the time being, neutralized the ongoing downside risk
H1 : Below the clouds and, currently between MBB (support) and KS (resistance)
M30 . Bullish divergence triggered the recovery.Facing the bottom of the clouds resistance zone
M15 : Above the clouds
M5 : Recent price action is showing a pullback towards the clouds which hold in rejecting the dowside breakout
CONCLUSION :
In H4, 2 levels to watch for further development :
On the upside : 39'640
On the downside : 38'000
IMPLICATIONS :
A clear breakout of one of those levels would imply a move towards, respectively :
Former high around 41'341, being also D+ bottom clouds resistance area
37'400 ahead of 36'183 and 34'965 being respectively 38.2%, 50% and 61.8% Fib ret and also broadly the clouds support zone in this H4 time frame.
Have a nice trading day and have fun.
All the best, take care
Ironman8848
Похожие публикации
Отказ от ответственности
Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.