BitcoinShort
BTC - H1 - NO BULLISH DIVERGENCE YET !
H1 : After having reached my technical target of 33845 (low of 33833), the BTC recovered slightly.
Nevertheless, keep in mind, that for the time being, recent small recovery should be seen as a corrective move only in a bear trend.
Indeed, the intraday low of 33833, did not trigger a bullish divergence yet and as a result the recovery has been stopped by the 38.2 % Fib ret @ 35403
No change in my strategic view, downtrend still intact on H1, H4 and D1 and therefore it is still a SELL on rally and not yet a BUY on dips
Watch carefully, the H1 downtrend line and clouds.
Nevertheless, keep in mind, that for the time being, recent small recovery should be seen as a corrective move only in a bear trend.
Indeed, the intraday low of 33833, did not trigger a bullish divergence yet and as a result the recovery has been stopped by the 38.2 % Fib ret @ 35403
No change in my strategic view, downtrend still intact on H1, H4 and D1 and therefore it is still a SELL on rally and not yet a BUY on dips
Watch carefully, the H1 downtrend line and clouds.
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