BitcoinShort
BTC - CORRECTIVE MOVE IN A BEAR TREND !
D1 : Downtrend intact. Failure to breakout on the downside the Kijun-Sen triggered a recovery which should be seen as a corrective move only.
H4 : Facing Kijun-Sen resistance level and still below the clouds
H1 : Recent recovery price action filled the 38.2% Fib Ret @ 18280.64
M15 : Indicators are showing trend reversal in progress
On D1, 2 pivot levels to watch on a closing basis :
18500
18068
A failure to close tonight above 18250 should be seen as a negative signal calling for lower levels over the coming sessions.
H4 : Facing Kijun-Sen resistance level and still below the clouds
H1 : Recent recovery price action filled the 38.2% Fib Ret @ 18280.64
M15 : Indicators are showing trend reversal in progress
On D1, 2 pivot levels to watch on a closing basis :
18500
18068
A failure to close tonight above 18250 should be seen as a negative signal calling for lower levels over the coming sessions.
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