H1 : Double top target filled @ 53'128, low being @ 52'925. Following this decline, a bullish divergence took place which has been confirmed by the next candle by a BULLISH ENGULFING; recent price action is showing also a potential reversal pattern (double bottom) which triggered a sharp rebound, crossing over the double bottom trigger level @ 54'883. Last candle...
D1: Rising wedge downside breakout in progress ! As mentioned yesterday RSI/Sto indicators was showing a potential cross under price action which is currently on a ongoing progress. In addition, yesterday's price action triggered a double top formation @ 59'000, trigger level being @ 56'064, which gives a target @ 53'128 Moreover, Mid Bollinger Band @ 55'589...
H4 : Double top formation in progress with a first breakout of the trigger level @ 56'064. Following this breakout, a downside acceleration took place which triggered a move towards an intraday low so far @ 54'653. Then, an usual and natural pullback attempt took place towards the DT trigger level Current H4 closing level will give clues for the upcoming trading...
D1 : Under the influence of a major double top formation in progress which has been triggered by bearish divergence detected on several indicators and confirmed by a breakout of the Mid Bollinger Band. Inside this major top formation, there is a secondary double top formation which has been activated today, following the downside move observed so far. The...
H1 : Strong recovery seen overnight from 56'250 towards 58'315 which has been triggered by the breakout of the cluster (TS/MBB) around 56'800. It looks like BTC is losing momentum as shown over the last couple of candles, with a doji, at the top for the time being. M15 : Picture even clearer, the breakout of the cluster (TS/MBB/KS/Clouds) triggered an upside...
H4 : Potential double top formation in progress coupled with a potential RSI bearish divergence also in progress. Recent price is showing a sideways 56'500-58'550 trading range, holding on both Mid Bollinger Band and ongoing uptrend channel base support line. The former high @ 58'549, has, so far, not been retested yet, high being 58'315 (las long white bullish...
D1 : A rising wedge formation is in progress. After the "doji" seen on Saturday, yesterday's price triggered a black candle (bearish), which, nevertheless managed : 1) to hold above the Mid Bollinger Band on a closing basis 2) to close roughly at the top clouds support area 3) to stay inside the rising wedge All those "ingredients" gave some support which is...
W1 : As shown on this chart, last week price action triggered a long white candle (bullish engulfing) which neutralized the former downside risk. In addition BTC closed above the Tenkan-Sen (Conversion line) which is also a positive sign. The pivot level on this W1 time frame is @ 52'700. Indeed, as seen in the past, this area coincided at the middle of long...
M15 : Triangle downside brekout, following by a pullback failure open the door for a technical target of 55'502 Watch M5 for clues
D1 : Looking at the Thursday, Friday and Saturday candles we can see the following : 1) Thursday's candle shows a test of the bottom of the clouds @ 52'379 2) Friday's candle shows a sharp and strong reversal pattern (long white candle) with its closing above the clouds 3) After having filled the 61.8% Fib ret @ 58'060 (intraday high @ 58'549) a "DOJI" pattern...
H4 : In a ongoing uptrend channel. No sign of reversal in this time frame yet. Nevertheless, as mentioned previously on H1 analysis a bearish divergence took place and a trend revesal is in progress in shorter time frames. Theferore, I would strongly suggest to monitor very closely short term time frames (even on M5 for those who are very, very short term...
H1 : Last long white candle triggered a RSI BEARISH DIVERGENCE on a "overbought" zone ! Watch upcoming price action very carefully and first support to look at is the ongoing short term uptrend support line , currently @ 57'500, which also coincides with the Tenkan-Sen ! A failure to hold above this area would open for the following targets : S1 : 57'092 S2 :...
D1 : Yesterday's candle (long white candle, BULLISH ENGULFING) triggered two important breakout being respectively : 1) The MID BOLLINGER BAND 2) The TOP OF THE D1 CLOUDS This D1 closing, above this cluster (56'500-56700) should be seen as the first signals of a switch NEUTRAL to BULLISH. In addition, the expected target of 58'060 (61.8 % Fibonacci retracement)...
H1 : Against my expectation, sorry guys,,, the BTC clearly broke the top of the H1 clouds @ 55'000 an went up in one way towards a high so far of 57'443. Nevertheless, I told you that a sustainable move above 55'000 would force a view reassessment !!! So what next ? D1 : Clouds top breakout in progress and Mid Bollinger Band too. (should be confirmed on a D1...
H1 : As mentioned yesterday, a potential bullish divergence should not be overlooked ! Indeed, a bullish divergence took place and triggered a recovery, reaching the 50% Fib ret @ 54'439. A "weak" BUY signal has been detected but from current levels, the upside potential looks pretty limited, possible, towards the clouds resistance area (61.8% Fib ret around the...
H4 : 3 successive white candles with a failure for the last one to successfully breakout the top of the clouds (54140), the Kijun-Sen (54289) and the Mid Bollinger Band (54437) !!! This cluster should be seen as the resistance zone to breakout. Indeed, a sustainable move above 54'500 would neutralise the ongoing downside risk and would open the door for further...
D1 : Following the Doji pattern of before yesterday, the yesterday's price action triggered a bearish candle (black) which reached an intraday low of 52379 which was roughly the bottom of the clouds (52401). Once again the clouds, for the time being, hold well, in rejecting the downside breakout attempt. BTC is, now, moving on a sideways mode, inside the cloud...
H4 : Unsuccessful attempt to : 1) Breakout the ongoing downtrend channel on the upside 2) Breakout the clouds and hold above it triggered a renewal selling pressure. Indicators are turning down First support is @ 54'250 (former congestion support zone in this time frame), which is slightly above a more important support level, which is the Mid Bollinger Band @...