BitcoinShort
BTC 1D - NEGATIVE SENTIMENT REVERSAL
Updated
BEARISH TREND REVERSAL IN PROGRESS
- Dark cloud cover
- Dojis
More downside to come
Focus on 38.2% Fibonacci retracement @ 15798
Sell on rally
- Dark cloud cover
- Dojis
More downside to come
Focus on 38.2% Fibonacci retracement @ 15798
Sell on rally
Note
Long black candle in progressIn route for 15798 ahead of lower levels !!!
Note
Currently at critical level !RSI @ 54.76
Long black candle triggered yesterday a test of both support trend line and Kijun line @ 16355
Closing recovery above Mid Bollinger band currently @ 17034
Watch today's price action carefully and wait for confirmation of a potential trend reversal on the upside.
Indeed, today's closing on a weekly basis above 17205 could neutralise the downside risk in avoiding a dark cloud cover pattern in progress !!
Nevertheless, for the time being, global picture is still pointing to the downside !
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