BitcoinShort
BTC - H1 - WARNING ! RISING WEDGE..BREAKOUT IN PROGRESS
Updated
H1 : Intraday’s price action is showing the following :
1) 61.8% Fibonacci retracement @ 37922 filled
2) Failure to upside breakout the clouds resistance area
3) Rising wedge formation with potential downside breakout in progress
4) MBB , currently @ 36940 under attack
A confirmation of a downside breakout would open the door for a sharp downside move targeting 33’845 with intermediate support @ 36162 (Kijun-Sen)
Fasten your seat belt !
1) 61.8% Fibonacci retracement @ 37922 filled
2) Failure to upside breakout the clouds resistance area
3) Rising wedge formation with potential downside breakout in progress
4) MBB , currently @ 36940 under attack
A confirmation of a downside breakout would open the door for a sharp downside move targeting 33’845 with intermediate support @ 36162 (Kijun-Sen)
Fasten your seat belt !
Note
technical target @ 33845 reached (low @ 33833)update follow, waiting at least another 1 hour to check price action.
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