2021/10/15 08:43 AM – BTCUSD – H1 – 60’000 FILLED … POTENTIAL REVERSAL !!!

BTCUSD -H1_ 60’000 FILLED … POTENTIAL REVERSAL !!! by Ironman8848 on TradingView.com

Today, we are going to look carefully at the price action seen on the hourly chart which is showing
that the BTCUSD has briefly reached the important psychological resistance level of 60’000.


More important is to analyse the recent and current price action !!!


Indeed, the top of the ongoing uptrend channel has once again been briefly broken on the upside, which
trigger a first warning reversal signal shooting star -doji !


Therefore, price action over the coming hours will be crucial for the short term future.
Indeed, a failure to clearly break and hold above 60’000 would add further selling pressure, calling for further
downside towards 58’500 first (cluster support) ahead of 58’000 ( MBB ) and leading indicator.


UPSIDE :
The highest weekly closing level seen so far is 59’980 which corroborate perfectly my analysis which tell me that a
weekly closing level above 60’000 would be very positive and would confirm further upside towards previous ATH over the coming week.


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Have a nice day and all the best
Take care
Ironman8848

Disclaimer :

All views expressed on my analysis are my own and do not represent the opinions of any entity, whatsoever with which I have been, I am now or I will be affiliated with. Any action you take upon the information on those analysis is strictly at your own risk and should not be considered as an advisory. The author assumes no responsibility or liability for any errors or omissions in the content of his analysis. The information contained is provided on an «as is» basis, with no guarantees of completeness, accuracy, usefulness or timeliness and without any warranties of any kind whatsoever, express or implied. 

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