Complete Technical Analysis on BTCUSD (IV) [H4]

H4: Some corrections have already taken place. We had a Kumo Cloud Breakout and the current candlestick touches the Senkou Span A of the Leading Kumo Cloud. Middle Bollinger Band indicates lower Future Prices and the other two have slope to the downside two/ The dominant Cycle is the Bearish one. Leading Kumo is bullish but flat and puts a stop at the Price. Price has crossed Tenkan Sen from above to below. So far, the Price respected the 61.8% line of Fibonacci Fan (And violated only to form a Bearish Head and Shoulders Pattern) If Price corrects at the Kijun Sen or at the Senkou Span B Plateu of the Bearish Cloud and continue upwards breaking the 61.8% line of Fibo FAN, it can go up to ($11,448.14) but that does not seem to be the case anymore. Differently if a Kumo Breakout to the downside occurs, the Price can go to the Target Zone between ($7,855.40) and ($7,526.37) for which there are multiple Indications since we also had Fibonacci Confluence, on the Daily Timeframe, at that level. But before that the Price will face the Support At ($9,370.38).

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