Ironman8848

BTC - D1 - IN THE CLOUDS IN A DOWNTREND CHANNEL

BITSTAMP:BTCUSD   Bitcoin
D1 : In a downtrend channel, in the clouds and still above Mid Bollinger Band.
Currently caught between Tenkan-Sen (55690) and Kijun-Sen (55950)which should be seen as the cluster
area in this time frame.
2 IMPORTANT LEVELS TO WATCH AT, WHICH ARE :
On the upside : 57'070
On the downside : 54'725

A breakout of one of those levels would indicate a new trading range in D1, calling respectively for :
UP : 57'070-59'000
DOWN : 54'725-52400
Watch H4 for clues in order to get intermediate signal (s)

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