Would it be a "goodbye" or a "goodbuy", that is the question ? We should get the answer quite soon :-) Indeed, looking at the weekly picture, a double top formation is in progress and the price action seen over the last three weeks (following the rally from 40'000 towards 63'000) is showing some lack of momentum, uncertainty and indecision, confirmed by a...
DAILY : 50 % Fibonacci retracement @ 0.00004689 has been filled. Currently traded around an important key pivot level @ 0.00004890 (MBB) !!! Indeed, a failure to stay and hold on a daily closing observation above this level would be the first warning signal, calling for further downside. Next significant support level being @ 0.00003702 WEEKLY : Dark...
WEEKLY (W1) Prior week a "SHOOTING STAR" had been triggered which has been followed, last week by a "DOJI" which is adding further pressure to the downside as an uncertainty and indecision is growing... So what next ? Well, in looking in this weekly picture, the first significant support level @ 58'100 has been tested with an intraweek low seen last week @...
Weekly (W1) After a RSI bearish divergence detected the week before, the last week price action triggered a "Bearish Engulfing pattern" which should be seen as a second warning signal calling for a trend reversal ! Indeed, looking back we can see 2 clear trends and in monitoring the ongoing uptrend we can easily see the failure to confir m an upside breakout of...
Good morning to all of you :-) I hope you are well ? Today, I decided to just show you an heat map of the BTCUSD (4 hourS time frame). The picture is pretty clear and the chart speaks for itself ! What do you think ? Any comments are welcome :-) Have a great Sunday and take care All the best Ironman8848 PS : If you like my analysis, please do not forget to...
This time the clouds did not hold ... An Head and Shoulder formation is in progress and if this is confirmed, the technical target would be @ 51'436. Therefore, price action over the coming hours will be, once again, very important to look at carefully. Indeed, only a clear recovery above the clouds (around 63'000, already mentioned in my previous analysis !)...
H4 : Once again the clouds acted perfectly well on both sid e, in rejecting, respectively a downside breakout attempt around 60'000 and more recently an upside breakout around 63'600. In addition, price action on the top of the clouds, triggered a "BEARISH ENGULFING" pattern. Ongoing downtrend channel still in place and clouds area should be seen as a...
Today we are going to look at different times frame from the medium to the short term (W1 - D1 - H4 - H1) W1 : Last weekly price action, triggered on a closing basis a "shooting star" which means a warning signal for a potential trend reversal Indeed, such kind of pattern should be considered as a negative point as this type of candlestick is formed when a...
Today we are going to look at the weekly picture ! My expected upside target (68'000) has unfortunately not been reached, the highest level seen so far was 66'894. Potential double top formation in progress. In addition, the ongoing weekly closing and the shape of its candle will be very important for the future !!! Indeed, currently, the current price action is...
W1 : Last weekly closing level @ 61'538 could be seen at first degree as a positive signal for further upside. Nevertheless, the resistance line of the ongoing primary uptrend channel has not been broken yet and in addition the BTCUSD is currently traded around the secondary uptrend support line (three white soldiers support line !) A failure to hold above...
Good morning to all of you. Today we are going to look closely at the weekly picture in drawing several trading zones : I : BREAKOUT TRADING ZONES II : BULLISH ZONE III : SUPPORT ZONE BREAKING ZONES : In looking at the last three weeks price action, a " Three white soldiers" pattern has been identified and each weekly closing level confirmed an upside...
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,...
URA (Uranium) is one of the best investment in commodities to be consider now and for the future. It is a strategic buying opportunity calling for huge upside potential first target being : $ 37.05 ahead of $ 55.68 Yesterday's breakout (see below on related ideas my private analysis written yesterday for detail) TRUST ME : BUY ON DIPS All the best and take...
High volatility and "rock and roll"... seen over the last 8 hours... Mid Bollinger, leading support indicator, worked once again perfectly well on a closing level basis :-) Last H4 candle on a closing basis triggered firstly a long white bullish candle..but secondly also triggered a second RSI bearish divergences, calling for a greater caution. In addition, a...
Volatility seen yesterday inside the triangle pattern; indeed after having been under selling pressure, test of the triangle support line, which finally hold and trigger a nice rebound, in breaking on the upside in reaching a high so far of 14'905, filling on its way up the 50% Fibonacci retracenent @ 14'883 of the former leg down from 15'399 to 14'367. The...
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 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...