H4 : Yesterday's failure to first confirm upside clouds breakout and secondly to breakout the former uptrend support line (also cluster of respectively 2 former trend line) triggered a renewal selling pressure. BTC is currently trading around an important level which is the clouds area which as you can see is very thin, meaning very fragile too and also below...
H4 : Nice "corrective" rally seen from the low of 31'025 towards a high so far of 37'682. The 78.6 % Fibonacci retracement of the 39'490-31025 downside move has been filled (37'678). So, what next ? We can see that the upside breakout attempt of the clouds failed,confirmed by the inability to the "chiku" to also confirm clouds breakout. In addition, despite this...
H1 : Nice recovery seen from the low of 31'025 (bullish divergence and hammer !) towards a high so far of 34'740 reached one hour ago. A rising wedge pattern is in progress and BTC is currently attempting to upside breakout the top of the clouds. Therefore, price action over the upcoming period (s) will be very important to look at. Indeed, a failure to clearly...
M1 : Ongoing uptrend channel .. but already below the middle level of the channel ! W1 : Under the influence of a major double top in progress D1 : Full Fibonacci retracements, including the 78.6 % (13'816) have been filled with a high so far @ 13'865. Therefore, something is cooking and a trend reversal is in progress H4 : RSI Bearish divergence triggered a...
M1 : In an ongoing downtrend channel W1 : Same than M1, below the cluster of MBB, TS and KS and last but not least below the clouds D1 : Also below the clouds and the cluster; potential double & triple bottom in progress below the 16.00 area H4 : For the time being, each attempt to recover above the ongoing downtrend line resistance failed. In order to...
M1 : Persisting ongoing bearish price action in progress ! W1 : Same than M1, as long as BTC remains below KS D1 : Triangle breakout in progress, first confirmation would be given by a closing level, on a daily basis below the base of the triangle ! Watch closely today's price action H4 : Last couple of candles are showing successive black candles pattern with a...
M1 : Ongoing bearish (yield) donwtrend in progress ! W1 : Currently below TS and still above MBB. Watch 1.4840 ahead of 1.3240, the latter being the key pivot levels on this time frame. D1 : Roughly in the middle level of an ongoing donwtrend channel, within the clouds Watch carefully at the bottom of the clouds. A daily closing below the clouds (around the 1.5000...
WARNING !!! On D1, A TRIANGLE PATTERN IS IN PROGRESS. A breakout confirmation would imply a move of +/- 13'535 with an expected downside breakout calling for a target of 21'270 !!! M1 : No change, ongoing bearish price action still alive W1 . Same thant M1; in addition, the "new" fragile uptrend line is under attack ! D1 : TRIANGLE PATTERN IN PROGRESS !!!...
M1 : No change, ongoing bearish price action still alive W1 : Recovery attempt, still below the weekly pivot level @ 42'230 D1 : Yesterday's closing price triggered a bearish engulfing pattern which is currently neutralized, today by a recovery attempt which may trigger a potential piercing line pattern, depending on today's closing level. In addition, there is a...
M1 : Ongoing bearish price action in progress. W1 : Last week failure to recover above the W1 pivot level @ 41'230 confirmed that the downtrend is still intact D1 : Despite yesterday's closing (39'220) which was above the important MBB level (38'900) I have mentioned in my last analysis (see related idea below), BTC did not managed to stay above that very...
M1 : Monthly closing in a couple of hours will most probably confirm a long black candle = very bearish ! W1 : Closing level of the last candle showed, the inability for the BTC, to recover sustainably in confirming what I TOLD you from roughly the 60'000 level (Doji pattern on Monthly chart), that BTC is not a buy on dips but a SELL ON RALLY !!! In order to...
M1 : Bearish engulfing pattern in progress (bearish if confirmed on M1 closing level !) W1 : Ongoing bearish price action in progress. Next significant support level to watch is the W1 uptrend support line, currently @ 0.2450-0.2500 D1 : Downtrend resistance line under recovery attack, Watch carefully today's closing level ! H4 : Double top target filled. The H4...
M1 : Ongoing bearish long term price action in progress !! W1 : Still above MBB but already below KS, W1 closing will be also very important to watch at D1 : In a ongoing downtrend channel and below the clouds... H4 : Clouds has so far, worked perfectly well in rejecting all upside breakouts of the clouds. Currently below the cluster and the clouds too. H1 : Low...
Sorry guys, we just missed my target of 33'320 for roughly one hundred points... M1 : Long black candle still in progress predicting a very bearish closing level if the BTC does not managed to recover significantly, which is not expected ! W1 : Primary downtrend is clear; in addition, this week price action is confirming the BTC inability to maintain any recovery...
M1 : Ongoing candle showing long shadows !!! W1 : Far away of the weekly pivot level of 0.4715 D1 : Ongoing downtrend still intact and below TS H4 : Bottom of the clouds support zone under attack, below MBB, TS and KS. Failure to hold above the bottom of the clouds would be a first warning signal for further downside calling for 0.2900 H1 : Triangle pattern gives...
M1 : High volatility showing a kind of Doji pattern in progress with long shadows !!! W1 : Currently below the weekly pivot level of 2950 and below TS. D1 : Clouds support zone under attack, still above the former support trend line..for the time being ! H4 : Currently roughly in the middle of the clouds resistance area; MBB under attack ! H1 : In a ongoing...
M1 : Ongoing downtrend in progress (long black candle !) W1 : Primary downtrend intact and failure to recover above the W1 pivot level @ 41230.. so far D1 : Primary downtrend in place which coincides with the clouds resistance zone. Below both KS and MBB and also failure so far, to recover above the secondary dowtrend resistance line. No change in my view. Watch...
M1 : What else ? Doji pattern in progress with extremely long shadows ! W1 : Currently below the weekly pivot level of 0.4108 D1 : Ongoing downtrend price action H4 : Facing clouds resistance area and currently below TS and MBB H1 : Triangle pattern, trigger level activated target 0.2900 currently below the clouds M30 : In an ongoing downtrend channel, below the...