BTC - TRADING IN THE ZONE - AT A GLANCE - D1-H4-H1
D1 : Sharp reversal in progress.
Indeed current candle is showing a potential bullish engulfing pattern.
Nevertheless, it should be confirmed on a closing basis later on today !
H4 : Potential double top formation in progress, supported by bearish divergences
on 4 technical indicators !!!
Last candle triggered a strong upside move from 46100 towards an intraday high
of 48481...
Warning, we can not ruled out a mirror effect, which if happens would target
again the critical support level of MBB currently slightly above the 46000 area
H1 : Also showing bearish divergences...
Watch carefully shorter time frames (M15 and M5) to get early confirmation signal (s)
of the ongoing bearish price action expressed above !
CONCLUSION : Today's closing on D1 will give the tone for upcoming sessions. watch
my post called Heat Map posted on last Monday morning b4 "Elon help...)
Indeed current candle is showing a potential bullish engulfing pattern.
Nevertheless, it should be confirmed on a closing basis later on today !
H4 : Potential double top formation in progress, supported by bearish divergences
on 4 technical indicators !!!
Last candle triggered a strong upside move from 46100 towards an intraday high
of 48481...
Warning, we can not ruled out a mirror effect, which if happens would target
again the critical support level of MBB currently slightly above the 46000 area
H1 : Also showing bearish divergences...
Watch carefully shorter time frames (M15 and M5) to get early confirmation signal (s)
of the ongoing bearish price action expressed above !
CONCLUSION : Today's closing on D1 will give the tone for upcoming sessions. watch
my post called Heat Map posted on last Monday morning b4 "Elon help...)
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