BTCUSD - W1 - SHOOTING STAR + DOJI !
WEEKLY (W1)
Prior week a "SHOOTING STAR" had been triggered which has been followed, last week by a "DOJI" which is adding further pressure to the downside
as an uncertainty and indecision is growing...
So what next ?
Well, in looking in this weekly picture, the first significant support level @ 58'100 has been tested with an intraweek low seen last week @ 57'500.
As long as the BTCUSD stays on a weekly closing above 58'100, it is OK for a the time being.
A CLEAR BREAKOUT OF 58'100 WOULD PUT THE FOCUS ON THE 53'200-52'300 TRADING RANGE !!!
Interesting to note that the top of weekly clouds support area is around 43'300 which is also the 61.8 % Fibonacci retracement of the 28'600-66'994,
June-October rally.
DAILY (D1)
Looking briefly at the daily picture, the ongoing downtrend channel is intact, and levels to watch in this time frame are the following :
UPSIDE : 63'000
DOWNSIDE : 60'000
A daily closing level, either above 63'000 or below 60'000 would open potentially the door for a 4'000 points move, targeting respectively a retest of former
high around 67'000 and a move towards 56500/56'000 on the downside.
4 HOURS (H4)
Watch the clouds !
Have a great week.
Take care and all the best.
Ironman8848
Prior week a "SHOOTING STAR" had been triggered which has been followed, last week by a "DOJI" which is adding further pressure to the downside
as an uncertainty and indecision is growing...
So what next ?
Well, in looking in this weekly picture, the first significant support level @ 58'100 has been tested with an intraweek low seen last week @ 57'500.
As long as the BTCUSD stays on a weekly closing above 58'100, it is OK for a the time being.
A CLEAR BREAKOUT OF 58'100 WOULD PUT THE FOCUS ON THE 53'200-52'300 TRADING RANGE !!!
Interesting to note that the top of weekly clouds support area is around 43'300 which is also the 61.8 % Fibonacci retracement of the 28'600-66'994,
June-October rally.
DAILY (D1)
Looking briefly at the daily picture, the ongoing downtrend channel is intact, and levels to watch in this time frame are the following :
UPSIDE : 63'000
DOWNSIDE : 60'000
A daily closing level, either above 63'000 or below 60'000 would open potentially the door for a 4'000 points move, targeting respectively a retest of former
high around 67'000 and a move towards 56500/56'000 on the downside.
4 HOURS (H4)
Watch the clouds !
Have a great week.
Take care and all the best.
Ironman8848
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.