Ironman_8848

BTC - H4 -SHOOTING STAR + DOUBLE TOP IN PROGRESS !

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
H4 : Last candle triggered as shooting star coupled with a potential double top in progress.
In addition indicators are also in divergences process
Watch : 36477 ( TS ), 35300 ( MBB ) and 35280 ( KS )
35300 should be seen as a very important support area in this time frame
Failure to hold above it would open the door for :
S1 :35002
S2 :33885
S3 :32767

H1 : Short term reversal already in progress ( doji ) followed by a black candle ( bearish engulfing ) which
has been confirmed by a second black bearish candle which hold above TS .
Watch : 37538 ( TS ), 37085 ( MBB ) and 36973 ( KS )
Below important congestion zone support between 36045 and 34594 (clouds area and Fib ret

Watch very short term time frame M15 and M15 to check price action and detect early invalidated signal (s)
of the expected intraday short term potential reversal.
Comment: Watch next hourly closing for clues (potential breakout confirmation of former high !
Comment: upside breakout not confirmed follow price action in screening M15 and M5 and wait next hourly closing for clues