Good morning ! Today we are going to look at the Daily picture which is showing you the magical power of the clouds.
Indeed, yesterday's price action triggered a second long black candle (bearish signal continuation) which pushed the BTC overnight
towards a low of 40'193 which coincides roughly to the bottom of the clouds support zone !
Magic isnt'it :-)
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...
Good morning, today we are looking at the Daily time frame.
On this time horizon and on a closing basis, the 48'000 area should be seen as a pivot level for further development.
Indeed, an upside breakout confirmation (several failures seen over the last couple of sessions !) will be the first signal
for further upside for the upcoming trading...
Good morning, today we are going to look at the daily picture which yesterday, on a closing basis, triggered
a bullish engulfing pattern.
Indeed, as mentioned in my previous analysis (see related ideas below) I highlighted, the importance of the clouds
support zone on this D1 time frame and you can see the confirmation on the chart.
Clouds once again worked...
H4 : Last candle closing @ 44'636 is the first warning signal which triggered, as expected and mentioned in my previous
analysis published yesterday, a "shy" pullback, which should be watch at very carefully and which will be crucial for further development.
Indeed, a failure to recover above the ongoing support trend line (green line) and watch also RSI which...
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...
Good Morning to all of you :-)
Hope you are well today ?
We are going to look at the daily time frame today.
Indeed, following the bearish engulfing pattern triggered a couple of days ago (very long black candle) and the downside breakout of the cluster (TS, MBB and KS),
the BTC attempted to recover without great success so far as you can see in this chart...
Today we are looking at the H4 time frame.
The triangle formation I mentioned yesterday did not really worked !
Nevertheless, the 46'900 area worked, so far, perfectly well in rejecting the breakout
attempt on the upside . We can see now a switch in price action, from a uptrend
(green arrow) to a downtrend (red arrow) with a first pullback rejected by the...
Good morning to all of you. Hope you are well today ?
We are looking at the 4 hours chart where you can see a triangle formation in progress.
Breakout levels to watch are the following :
46580 on the upside
45783 on the downside
Breakout (confirmed) implications should trigger a +/- move of 3'200 points targeting respectively
49'780 on the upside and 42'580 on...
First of all, please apologize for my absence over the last couple of weeks ! I had some problems with my
disease (cancer) but fortunately everything is now OK again and I am back in the market :-)
Following the flash-crash seen yesterday where, as you know the BTC lost roughly 10'000 points in a very short
period of time, I thought it was the good timing to...
M1 : 50 % Fibonacci retracement (64'895-28'600) @ 46'747 filled intra month high of 46787
W1 : Kijun Sen @ 46'747 should be seen as THE KEY PIVOT LEVEL on this time frame !!!
Indeed a weekly closing above this point would be the first significant signal calling for further upside
towards the psychological 50'000 level ahead of 51'030 (61.8% Fib ret).
H4 time frame is showing an ongoing bearish price action, putting now the Mid Bollinger Band, currently @ 43'238 under attack.
Therefore, MBB, should now be seen as the LEADING INDICATOR for the upcoming hours. Indeed, a failure to hold and stay sustainably
above this important support level, would open the door for further downside, having in mind the next...
Looking at the H4 time frame, a Rising Wedge pattern has been confirmed, opening the door for
a technical target of 40'640 !
Additional support to this expected scenario will be given by a next H4 closing below TS, currently @ 43'803
Below next support to look at will be MBB @ 42725 ahead of KS @ 41'327
In the meantime, watch carefully upcoming development in the...
Good morning to all my followers and others as well :-)
Today, we are going to carefully looking at the daily time frame where for the first time the primary downtrend line resistance has been broken
on a daily closing !
This should be seen as a positive signal but should also be considered cautiously for the time being !!!
1) There are potential bearish...
M1: Strategic target unchanged @ 27'169
W1 : The last 2 weeks price action is encouraging; indeed, the bullish engulfing pattern
identified 1 week ago has been confirmed by a long white bullish candle. Nevertheless, on one hand, the BTC
remains under the weekly downtrend resistance line (currently @ 43645) and on the other hand also below KS (@46'747)
and only a...
Hello to everybody, today we are going to look at the 4 hours time frame which is showing a TRIPLE RSI BEARISH DIVERGENCES, coupled with a
double top formation in progress with its trigger level @ 41'000.
Therefore, I would strongly suggest to watch carefully a the 41'000 area ahead of 40'705 (MMB); indeed, a breakout and a failure to quickly recover
D1 : Yesterday's price action triggered for the first time a closing level above the clouds with an intraday high @ 42'411, not far away of the
38.2% Fibonacci retracement @ 42'894, which is the next significant resistance level after 40'000.
So what next, now ?
Despite this sharp recovery since over the last couple of days from a low below 30'000, the BTC...
Good morning friends !
Today, we are looking to the weekly time frame on which, last week price action triggered a bullish engulfing pattern.
In addition, W1 closing (@ 35428) was above an important resistance level (34'970) already mentioned in my previous analysis
which may force to a view reassessment of the situation, depending of the followup...