BTC - H4 - STILL BELOW BOTH KIJUN-SEN AND MID BOLLINGER BAND !
H4 : Currently in a sideways-slightly up trading channel.. but still below both KS and MBB !
As mentioned in my previous analysis (see D1), recent and current price action should
still be seen as CORRECTIVE MOVE ONLY and not as a trend reversal yet !
First significant support remains Tenkan-Sen ahead of the bottom line of the channel.
Below focus will be on yesterday's low @ 44151 and 50 % Fib ret @ 43577.
Note that the 61.8 % Fib ret is @ 40089 which should be seen a strategic technical target !
As usual watch and monitor carefully price action seen on shorter time frames (H1 to M5)
As mentioned in my previous analysis (see D1), recent and current price action should
still be seen as CORRECTIVE MOVE ONLY and not as a trend reversal yet !
First significant support remains Tenkan-Sen ahead of the bottom line of the channel.
Below focus will be on yesterday's low @ 44151 and 50 % Fib ret @ 43577.
Note that the 61.8 % Fib ret is @ 40089 which should be seen a strategic technical target !
As usual watch and monitor carefully price action seen on shorter time frames (H1 to M5)
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