M1: Ongoing trend reversal which has been triggered by a doji pattern, Current candle is for the time being confirming this bearish price action (long black candle). In addition, the 38.2 % Fib ret @ 45575, has nearly been reached, low so far being 42'185. Monthly closing level at the end of May will be crucial !!! W1 : Last W1 closing @ 46'444 is below the Mid Bollinger Band which should be seen as an additional warning, confirming the ongoing trend reversal. Last support barrier is @ 40'550 and a failure to hold above this level would open the door for 37'350 ahead of 34'372 !!! D1 : Breakout confirmation of the former support trend line around 49300-49000 (yesterday's price action triggered a doji pattern !) H4 : Below the cluster and below the clouds.Only a sustainable recovery above 46'000 would neutralise "temporarily" the ongoing downside risk. H1 : MBB @ 46'000 too M30 : MBB @ 44'800 M15 : Watch cluster @ 44'350 M5 : Watch the clouds ! A successfull upisde breakout of the 44'000-44'500 would be the first signal of a very short term recovery which should be seen as A CORRECTIVE MOVE ONLY and used as TACTICAL TRADING OPPORTUNITY in a BROAD BEAR TREND !!! Have a nice week All the best Take care Ironman8848
@spartacus814, yes, lets wait for 1 egomaniac to make a move and put all our faith in that.
Ironman8848
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@spartacus814, will see, the market is always right and Elon will not change this it will allow some “nice corrective move” which should be used as a tactical trade in a “IN and OUT” strategy.
May your long goes up and your short goes down
All the best
Take care
Ironman8848
CryptoSignal2
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No more to the moon. We r landing..... expecting 39k.