BTC - D1 - Kijun-Sen worked so far pertectly well
D1 : As expected and mentioned in my yesterday's post, a recovery took place, triggering an upside move towards an intraday high of 33'869
which roughly filled my first target of 33'915 (Kijun-Sen).
No change in my view, BEARISH STRATEGIC VIEW, and only a move above :
1) Kijun-Sen (KS) @ 33915
2) Tenkan-Sen (TS) @ 34247 (34407 being the 38.2 % Fib ret on H4 - 37874-28800)
3) Mid Bollinger Band (MBB) @ 36060
would neutralise the current downside risk and force to a view reassessment of my bearish expected scenario.
Watch development on H4, still on a corrective move, downtrend and below the clouds !
Watch H1 for entering in a tactical position countertrend in a very, very short term time horizon
Weekly closing tomorrow will give additional clue for next week.
which roughly filled my first target of 33'915 (Kijun-Sen).
No change in my view, BEARISH STRATEGIC VIEW, and only a move above :
1) Kijun-Sen (KS) @ 33915
2) Tenkan-Sen (TS) @ 34247 (34407 being the 38.2 % Fib ret on H4 - 37874-28800)
3) Mid Bollinger Band (MBB) @ 36060
would neutralise the current downside risk and force to a view reassessment of my bearish expected scenario.
Watch development on H4, still on a corrective move, downtrend and below the clouds !
Watch H1 for entering in a tactical position countertrend in a very, very short term time horizon
Weekly closing tomorrow will give additional clue for next week.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.