W1 : Kijun Sen @ 46'747 should be seen as THE KEY LEVEL on this time frame !!!
Indeed a weekly closing above this point would be the first significant signal calling for further upside
towards the psychological 50'000 level ahead of 51'030 (61.8% Fib ret).
On the downside watch at 43'353 (Mid ) as the first important .
D1: As long as the 42'614 level hold, picture remains positive; it is likely, after the recent rally from
37'300, to assist to a consolidation phase with first support @ 42'614 and more important, the MBB currently
@ 41'130 which should be seen in this time frame as the KEY LEVEL as well.
Interesting to not how well the Mid worked well in the past.
H4: As you can see on this chart, both the clouds and MBB worked perfectly well as a very important ;
H1 : A new short term downtrend is taking place with, an it is not a secret, the clouds as the first , currently
between 45'500 and 44'800. The lagging line is still above the clouds too.
M30 : Bottom of the clouds currently under attack, supported with a lagging line, still above the clouds too
M15 : Currently in a downtrend mode, pullback attempt has been stopped by the clouds in this time frame and the
lagging line is below the clouds !!!
M5 : The intraday low @ 45'425 triggered a which pushed BTC to the upside towards a high of 46'236, 2 hours ago and it has
been short lived as the BTC is again below the clouds and the lagging line is flirting also with the bottom of the clouds.
2 very important levels to watch at very carefully :
46'747 and 43'353 on a weekly closing
Have a nice trading day
All the best and take care