BTC - H1/M15 - 50% FIBONACCI RETRACEMENT @ 53783 FILLED !
H1 : Currently trying to upside breakout of the uptrend channel.
50 % Fib ret @ 53783 filled, facing now resistance clouds area.
Technical indicators looks a little bit tired and it is likely to see
a short term trend reversal calling for a return in the former uptrend
channel and towards the 52000 area, (Mid Bollinger Band support being
@ 52222)
M15 : Ongoing uptrend channel with a potential double top in progress !
As mentioned above in H1 comment,
it is likely to see a short term reversal calling for a downside move towards
the 52000 area which coincides with the bottom of the uptrend channel and
also with the clouds support zone in this time frame
Should this expected view be wrong, then watch the 54600-55000 area as the first
significant resistance zone to break (61.8 % Fib ret and downtrend line resistance.
50 % Fib ret @ 53783 filled, facing now resistance clouds area.
Technical indicators looks a little bit tired and it is likely to see
a short term trend reversal calling for a return in the former uptrend
channel and towards the 52000 area, (Mid Bollinger Band support being
@ 52222)
M15 : Ongoing uptrend channel with a potential double top in progress !
As mentioned above in H1 comment,
it is likely to see a short term reversal calling for a downside move towards
the 52000 area which coincides with the bottom of the uptrend channel and
also with the clouds support zone in this time frame
Should this expected view be wrong, then watch the 54600-55000 area as the first
significant resistance zone to break (61.8 % Fib ret and downtrend line resistance.
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