H4 : Ongoing price action in a triangle formation and currently traded roughly
in the middle of the clouds and below the Mid Bollinger Band !
Watch at carefully a triangle breakout which will trigger a move 3600 points
targeting respectively 53650 on the downside and 62850 on the upside.
Taking in account the ongoing price action the odds are more calling for a downside
breakout than for an upside one !
Watch shorter time frames H1 and M15 to get intermediate signal (s) which will validate or
invalidate the scenarios above mentioned.
In order to neutralise the ongoing downside risk, BTC needs to recover and hold above the psychological level of 60000 !
in the middle of the clouds and below the Mid Bollinger Band !
Watch at carefully a triangle breakout which will trigger a move 3600 points
targeting respectively 53650 on the downside and 62850 on the upside.
Taking in account the ongoing price action the odds are more calling for a downside
breakout than for an upside one !
Watch shorter time frames H1 and M15 to get intermediate signal (s) which will validate or
invalidate the scenarios above mentioned.
In order to neutralise the ongoing downside risk, BTC needs to recover and hold above the psychological level of 60000 !
