BTC - H4 - WATCH MID BOLLINGER BAND AS THE LEADING INDICATOR !
H4 : Mid Bollinger Band continue to perform very well as the leading indicator
and worked once again perfectly well in rejecting a downside breakout attempt
seen on the last H4 candle.
As long as we stay and hold on H4 closing basis above MBB it is OK; however, a failure
to do it would open a new trading range with its next support around the 58000 area (Kinjun-Sen or Base Line
@ 58025 and also the middle level of the ongoing uptrend channel.
61.8 % Fib ret @ 57597
For scenarios, pls see my previous D1 analysis
and worked once again perfectly well in rejecting a downside breakout attempt
seen on the last H4 candle.
As long as we stay and hold on H4 closing basis above MBB it is OK; however, a failure
to do it would open a new trading range with its next support around the 58000 area (Kinjun-Sen or Base Line
@ 58025 and also the middle level of the ongoing uptrend channel.
61.8 % Fib ret @ 57597
For scenarios, pls see my previous D1 analysis
