Ironman8848

BTC - H4 - LAST CANDLE TRIGGERED A DOJI !

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
H4 : Recent price action triggered a doji pattern (indecision and uncertainty), with its intra H4 low testing Tenkan-Sen.
It is currently traded below the middle of the short term uptrend channel .
Continue to watch Tenkan-Sen as a first support and then bottom of the channel; lower focus
will be on former low @ 44151 ahead of 43577 (50% Fib ret).
On the upside Kijun-Sen (48115) as the first significant resistance ahead of MBB (48319).
An upside breakout of the D1/H4 downtrend channel , would neutralise the ongoing bearish
price action.
Monitor closely price action on H1, M15 and M5
Technical analyst Expert since 1991. Member of the Swiss Association of Market Technicians (SAMT).
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