BTC – H1/M15 – AT A GLANCE

  • by

H1 : Failure to hold above MBB triggered a long black candle ( bearish !)
Base of the rising wedge under attack.
Watch carefully the ongoing price action for a potential breakout.
A breakout confirmation of the base of this rising wedge coupled with
the breakout of the clouds support zone , would open the door for a target @… 44100 !

M15 : Base of the widening wedge pattern also under attack,
Breakout confirmed of that pattern would be the first signal calling for
further downside targeting at least a retest of the former low @ 47036
Such kind of move would also confirm the breakout of the H1 support trend line
and more important also the clouds support zone .