Ironman8848

BTC - H1/M15 - TRADING IN THE ZONE - AT A GLANCE

BITSTAMP:BTCUSD   Bitcoin
H1 : Last H1 candle triggered a doji pattern on a closing basis.
Recent price action failed to breakout the ongoing downtrend channel
which is still valid.
Watch former high @ 52750 as resistance level to break

M15 : As mentioned earlier in my previous M5/M15 analysis, a potential
double top formation is in progress (not confirmed yet, trigger level
being @ 51715
SCENARIOS :
BULLISH
Breakout confirmed by at least 2 closing above 52750 would open the door
for a new trading range from 52750 to 55000
NEUTRAL
Continuation of the recent sideways price action (51715-52785)
BEARISH
Double top trigger level activated opening the door for a target @ 50680
Such kind of price action would trigger a test of the former resistance (purple line)
and also the M15 clouds support zone
Pernyataan Penyangkalan

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