D1 : Indeed, the failure, yesterday to recover above the former countertrend support trend line should be seen as a negative factor for those who are still strategically bullish on BTC ! W1 picture is also on a negative ongoing process... For short term analysis, have a look at : H4 : 2 failures to upside breakout above the short term...
H4 : 3 failures to reverse the ongoing bearish price action Downtrend is still intact in this time frame For the time being any upside move should be seen as a corrective move only and use as a SELL on rally opportunity calling for lower levels. Watch MBB as leading indicator, bullish above and bearish below Have a nice evening...
Sell on RALLY, this pair could give us good profit and good movement drop.