as i warned you BTC is still bearish and the downtrend as above can be followed
DAILY A perfect example of a BULL TRA P triggered by yesterday’s price action; indeed, after the impressive rally seen before yesterday, the « BULLS » lost control and as mentioned in my yesterday’s analysis published in French, the BEARISH trend was still alive as the KIJUN-SEN Had been not broken yet and which has been confirmed by the long black candle ...
We seem to be forming a harmonic butterfly pattern. And this decline will continue until the green trend line. Of course, the Ichimoku indicator also confirms the downtrend. what is your opinion? Be sure to comment Please support this idea with your likes and comments, it is the best way to keep it relevant and support me ❤️
Price is making a longer term bearish N-Wave on the 4hr Chart. We just completed the third point. Now we are forming the last leg of the N-Wave
Once again, the magical Fibonacci retracement occured... Indeed, yesterday, the BTC filled its 50% Fibonacci retracement @ 40'340 (which is also by the way the KS and the 21 DMA ! (intraday being slightly higher @ 40'387) Currently in a SYMETRICAL TRIANGLE IN PROGRESS . BREAKOUT IMPLICATIONS COULD TRIGGER A MOVE OF + / - 3'099 pts !!! TARGETING RESPECTIVELY...
DAILY Yesterday's price action filled for a couple of points to make a "PIERCING LINE" (following the RSI bullish divergence detected and mentioned in my previous analysis yesterday I mentioned the level of 39'295 which was the minimum point to reach to confirm this "minor" reversal pattern which, to be cleat a white candle, in order to be validate should close...
Yesterday's price action (long black candle - BEARISH ENGULFING !) which pushed sharply down the BTC towards a low of 37'701 (nearly filling the TRIANGLE TARGET @ 37'581), triggered a BULLISH DIVERGENCE... Therefore, on short term and it'is exactly what is going on, a recovery should take place; nevertheless and in order to confirm a TACTICAL REVERSAL, the BTC...
VERY S HORT TERM ANALYSIS (HOURLY) Today, we are going to look carefulLy what happened after the validation of the RSI bullish divergence coupled with the double top formation which i mentioned yesterday morning in my previous analysis as a warning ... (see related idea below) So as you can see, after this validation signal the BTC moved quickly up in a new...
Price is continuing to move bullish with the correction of the lagging span. The Chikou Span bounced off of the cloud for a great bullish entry. We also noticed price is creating an upward channel.
Price has been in deep correction on the daily chart. If you look at ichimoku on the Daily Chart price has rejected at the top of the cloud and currently is projecting a bearish future also known as the kumo. On the hour chart price rejected at the fractal level and created a lower high. Lagging Span (purple line) is pointed down and we have a bearish tk cross...
WEEKLY Last weekly closing triggered an inversed hammer pattern which could be interpreted as a potential trend reversal; however, it is important to note that the weekly closing is now under the weekly clouds area which means a persisting downside risk bias, stil alive... RSI below 50, @ 43.70 LAGGING LINE is still in the bottom part of the weekly clouds...
WEEKLY Currently below the clouds and as I had already mentioned in my previous analysis, a weekly closing below 40’118 would add more selling pressure. RSI below 50, @ 44.31 LAGGING LINE au milieu de la zone des nuages. Levels to watch in a weekly basis, are the following : UPSIDE : 41’279 - 42’690 DOWNSIDE : 38’547 - 36’500 DAILY Currently trying to...
WEEKLY (W1) Ongoing price action is for the time being not very encouraging ; indeed, after having briefly tested the resistance ton @ 42’680, the Bitcoin reversed sharply and came back below the weekly clouds support area. The level of the next weekly closing will be very important to look at as, a closing confirmation below 40’118 would be seen as a negative...
GBPUSD has been bearish since Feb and is currently nearing support. The overall picture on the daily chart looks quite bearish: 1. Price under Kumo 2. Kumo thick 3. Tenkan-Sen below Kijun-Sen 4. Chikou Span has been below price. Is currently inside price but near a bearish break. All that is needed for the bearish trend to resume is for the price to close...
DAILY (D1) Yesterday's price action has been a perfect school case about the POWERFUL ICHIMOKU CLOUDS; indeed, if you look at the yesterday's price action, the picture does not need additional comment... Well, to very quickly resume the situation, the BTC is, after having nearly crossing over the top of the clouds, the BTC corrected sharply downwards, with its...
Following my analysis of the bullish 4H signal, it is important to look at lower timeframes to analyse the trend. On the 1H chart, we can see price is currently consolidating. Flat Han-ne lines (Tenkan-Sen/yellow and Kijun-Sen/red) indicate the short and medium-term price isn't making new highs or lows. The same is true with the Kumo cloud. When our Ichimoku...
If S&P500 futures close above 4482 on the close of this 4H candle it will trigger a strong Ichimoku buy signal. The "Sanyaku Kouten" signal is when we have a Tenkan/Kijun cross, Chikou breakout, and Kumo breakout. Watch today's price action and check lower timeframes for entries. We have nearly passed all the hurdles I mentioned in my earlier TradingView idea that...
DAILY (D1) Yesterday's price action triggered a DOJI pattern; indeed after having opened @ 41'476, briefly broken the former TRIANGLE BREAKOUT LEVEL @ 41'100 (low being 40'893, the BTC managed to recover in making a closing @ 41'375, confirming the still alive triangle target @ 43'400, As long as the BTC stays and hold on a daily closing above 41'000, the...