Ironman_8848

BTC - STILL BELOW KS @ 32960 !

Short
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Today we are looking at 2 time frames : D1 and H4
D1 :
BTC reached an intraday high so far @ 32'930 still below the first significant resistance level (32960 / KS ) on D1 and
also currently still below MBB @ 32724.
No change in my view , watch carefully 32'960 and 31237 on daily closing level.
As mentioned, a breakout of one of those level would open the door, respectively :
on the upside, towards the very thick clouds resistance area (33650-44000 !!!)
on the downside, focus will be towards the 30'000 level and lower.
My strategic target remains @ 27'169
H4 :
For the time being the top of the clouds rejected two breakout attempts; potential double top in progress !!!
Interesting to note that the top of the clouds coincides roughly with the level of KS on D1 and therefore, price action over the current and coming H4 period (s) should be watch at very carefully.
Have a nice trading day and all the best.

May your long goes up and your short goes down :-)
Take care
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