BTC - D1 - SWITCH MODE FROM NEUTRAL TO BULLISH ?

D1 : Yesterday's candle (long white candle, BULLISH ENGULFING) triggered two
important breakout being respectively :
1) The MID BOLLINGER BAND
2) The TOP OF THE D1 CLOUDS
This D1 closing, above this cluster (56'500-56700) should be seen as the first signals
of a switch NEUTRAL to BULLISH.
In addition, the expected target of 58'060 (61.8 % Fibonacci retracement) has been filled too.
Nevertheless, in looking to the GLOBAL PICTURE, we as still in a recovery mode towards the former
uptrend line support which had been broken on April 18th @ 57'000 and which triggered the downside
move towards an intraday low of 47'004 !
Note that the 78.6% Fib ret @ 61'066 coincides also currently with this former uptrend support line.
CONCLUSION :
+
1) Above Tenkan-Sen (Conversion line)
2) Above Mid Bollinger Band
3) Above the clouds
4) Above Kijun-Sen
5) Momentum is for the time being OK
6)Indicators are converging to the NORTH
-
1) Below the former uptrend support line
2) Still in a recovery mode (Global picture)
3) 61.8% Fibonacci retracement @ 58'060 filled
4) + 24,5 % in a couple of days !
5) Correction could be seen at any time !!!

Watch shorter time frames for clues