Today we are going to look at the 4 hours chart. Currently catch in a sideways broad 47'500-50'000 trading range. Indeed, after having filled the triangle technical target @ 49'421, the BTC pushed still a little bit higher towards an intraday high so far @ 49'811, being unable, so far to break the psychological 50'000 important resistance level. In addition,...
Today, we are going to look carefully at the recent and current price action on the Daily chart. Indeed, after having, yesterday, nearly filled the technical target of the triangle pattern @ 49'421 with an intraday high @ 49'225, the BTC lost the momentum to clearly confirm the clouds breakout as you can see, for the time being, on the D1 chart ! In addition, as...
First a couple disclaimers: I'm not a financial advisor and this is not financial advice. I own bitcoin as my second largest crypto position behind Ethereum. I'm not a crypto expert however I am a software development expert with over 30 years experience and I've been watching the crypto space for a long time. The good news about bitcoin is it's the OG...
The 78.6 % Fibonacci retracement @ 3'457 has been filled (intraday high so far @ 3'469). In addition, the ETH is still below the ongoing downtrend line resistance and last but not least BELOW THE CLOUDS on a daily basis. Therefore, further development will depend on upcoming price action over the next trading hours and will be confirmed by the daily closing level...
Good morning, today we are going to look at the 2 following time frames on which there are very important PIVOTS LEVELS TO WATCH ! WEEKLY : Currently in a broad falling wedge in progress with a potential upside breakout for now around 50'500/50'600. On the downside there is really a very important level to look at carefully on a weekly closing level, later...
Nice follow through price action after 3 higher lows were set on the 4hr
Good morning, today, we are going to look at the daily picture. Indeed, as already mentioned in my previous analysis, we can see a triangle pattern in progress with breakout levels, respectively at, currently : On the upside : 43'835 (intraday high) On the downside : 40'931 IMPLICATIONS : A clear breakout, on a daily closing of one of those levels would trigger a...
Good morning, I hope you are all well :-) Today we are going to look especially at the daily picture which is showing a crucial and critical support level around the 40'000 area !!! Why ? The reason is very simple : "WATCH THE CLOUDS !" Indeed, as you can see on this chart, the first downside breakout has been rejected by what ? By the clouds ! This rejection...
Today we are going to look at three time frames : Firstly the 4 hours where the base of the triangle is currently under attack with an ongoing pullback attempt Secondly, the hourly to see if there is & are potential reversal signal (s) Thirdly, the daily picture to have a global overview of what is going on Let's go to the 4 HOURS CHART : Currently, after...
DDX Long Set Up BUY AT $6.50 & $5.50 SL $3.50 TP.1 $7.25 TP.2 $9.75 TP.3 $12.00 TP.4 $15.00
Looking for a good short on ETH, in a good range here. Follow for more !
Good morning, today we are looking at the 4 hours time frame which is showing a triangle formation in progress. As mentioned in my previous analysis, the 44'200 level should be considered as an important resistance area, which, for the time being has not been broken on a H4 closing basis yet. Indeed, this pivot level should not be underestimated as it is also...
Bullish Reversal Divergence and Bullish Pennant forming. Bounce back up to $44,800 Resistance Target level. Stay tuned, Profit $$$
Good morning, today we are going to look at the daily picture again. Indeed, as you clearly can see on this chart, the bottom of the clouds in this time frame, worked, once again perfectly well in rejecting the breakout attempt with an intraday low, below the clouds @ 39573. BTCUSD is currently traded at, I would say a key pivot level on the daily picture;...
Good morning, today we are going to look at the H4 and H1 time frames which are both showing some growing uncertainty about further development. Indeed, I mentioned in my previous analysis to look carefully at the 48'000 as a barometer indicator and looking at recent and current price action we can note, so far, some lack of momentum to clearly confirm a breakout...
Blink and you can end up missing some big moves in Bitcoin which is taking on a life of its own. This instrument was showing signs of weakness in May this year where it fell to below $30,000 and hit the weekly 50 simple moving average. In July, the buyers came back into the market and have pushed price up 79% to where it currently stands at over...
The next 2 weeks in the market will likely be a roller coaster ride of volatility and emotion for inexperienced traders/investors alike. I see red flags everywhere in the markets. Lots of bearish divergences, rounded tops, complacency, bullish sentiment. New high after new high in the traditional markets, with cryptos also on a nice rally. I've been keeping...