BTC - MULTI TIME FRAMES - AT A GLANCE

M1 : Ongoing trend reversal in progress
W1 : Currently, below the Mid Bollinger Band
D1 : Below the clouds. Recovery attempt. Pivot level @ 45000 (D1 closing basis)
H4 : Potential double bottom in progress ! Trigger @ 45'850
H1 : Above cluster. Double bottom trigger level (45'850), also coincides with H1 clouds resistance area
M30 : Attempting to breakout the clouds resistance
M15 : Above the clouds. In a slightly uptrend channel and above cluster
M5 : In a sideways channel , watch the cluster ahead of clouds zone (45000-44000), as support
levels.
CONCLUSION :
ON A DAILY BASIS, A CLOSING LEVEL ABOVE 45'000 WOULD NEUTRALISE TEMPORARY THE ONGOING DOWNSIDE RISK
STILL IN PLACE,CALLING FOR LOWER LEVELS TOWARDS A RETEST OF FORMER LOW @ 42'100 AHEAD OF 34'372 AS A
FURTHER TARGET.
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Ironman8848