BTC - H1/M15 - FACING FIRST RESISTANCE (38.2% FIB RET ) @ 56097
H1 : Recent price action triggered a corrective recovery towards a high so far of 56450,
making on H1 closing a doji pattern = indecision and uncertainty
Last candle did not managed to close above the 38.2% Fib ret @ 56097.
Cluster H1 support is between 55500 (MBB) and 55250(KS); a failure to hold above this area
would again trigger another wave of selling pressure targeting a retest of former lows.
M15 : Caught in a kind of triangle pattern with 57000 on the upside and 53000 as pivot level
area for further development.
Watch clouds as a very short term support zone
All the best
making on H1 closing a doji pattern = indecision and uncertainty
Last candle did not managed to close above the 38.2% Fib ret @ 56097.
Cluster H1 support is between 55500 (MBB) and 55250(KS); a failure to hold above this area
would again trigger another wave of selling pressure targeting a retest of former lows.
M15 : Caught in a kind of triangle pattern with 57000 on the upside and 53000 as pivot level
area for further development.
Watch clouds as a very short term support zone
All the best
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