Ironman_8848

BTC - D1 - CORRECTIVE MOVE ONLY - SELL ON RALLY !

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
No change in my view which still express some tactical buying opportunity in a broad strategic bear trend !
Indeed, despite an intraday high of 35289 reached yesterday's, BTC failed to firstly close above Kijun (34970), and secondly is currently still below Mid Bollinger Band .
Recent and current price action is confirming what has been said before and any recovery or exaggeration 35'500-36'000 should be used as a good strategic selling opportunity.
Watch shorter time frames to get clues and validation or invalidation on my bearish expected scenario.
Have a nice trading day.
All the best.
Ironman8848

Comments

this is triangle (pennant) retest (from your old multi TF analysis). No more rally. Next step is dump
+1 Reply