BTC - H1/M15 - FAILURE TO BREAKOUT MBB !!!
H1 : Nice recovery seen over the last couple of hours.
Facing tough resistance to break (MBB @ 47975) and clouds resistance area too !
Watch carefully the next candle (s) to check if there is enough momentum to upside breakout.
Watch indicators for signals.
M15 : The ascending triangle detected early this morning has been validated by a first breakout, then
pullback towards the triangle resistance line and then upside move again.
Nevertheless, the fact that on H1, BTC missed to move above MBB put this ascending triangle on hold,
waiting confirmation if we will hold above the clouds which is now the new very short term support
coupled also with MBB (currently @ 476159
Technical indicators are pointing to the South again...
CONCLUSION :
Watch very carefully price action on M15 OVER THE COMING PERIODS FOR VALIDATION OR INVALIDATION !!!
Facing tough resistance to break (MBB @ 47975) and clouds resistance area too !
Watch carefully the next candle (s) to check if there is enough momentum to upside breakout.
Watch indicators for signals.
M15 : The ascending triangle detected early this morning has been validated by a first breakout, then
pullback towards the triangle resistance line and then upside move again.
Nevertheless, the fact that on H1, BTC missed to move above MBB put this ascending triangle on hold,
waiting confirmation if we will hold above the clouds which is now the new very short term support
coupled also with MBB (currently @ 476159
Technical indicators are pointing to the South again...
CONCLUSION :
Watch very carefully price action on M15 OVER THE COMING PERIODS FOR VALIDATION OR INVALIDATION !!!
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