2021/09/12 09:16 AM – H4 – WATCH CLUSTER @ 45’800 !

BTC – D1 – WATCH THE CLOUDS ! by Ironman_8848 on TradingView.com

Good morning, today, we are going to look at the 4 hours time frame. 
Indeed, as you can see on this chart, the  MBB worked perfectly well so far  
Therefore, I strongly suggest to look carefully at the cluster zone, currently 
around 45’800 (KJ and  MBB ) as for the time being, several upside breakouts attempts 
have been rejected by the Mid  Bollinger Band which should be seen, once again as “THE 
LEADING INDICATOR” for further development.
 
Price action seen over the last couple of hours is showing further downside in the cards and 
this will be confirmed by a clear breakout of the ongoing support  trend line (green line) on a 
closing basis. A failure to stay above that line would accelerate the downside move (warning breakout, then 
pullback !!) towards the former low @ 44’125 ahead of Sept 7th low @ 42’900. 
A move towards the latter level would force to look at the next  support zone , this time on a daily basis, and 
which is, once again, the clouds  support zone , as mentioned in my previous analysis (see related ideas below). 
Have a nice Sunday, relax, take care and all the best 
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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