DAILY (D1) After having nearly filled the 38.2% Fibonacci retracement @ 52'293 (yestedays'high at 52'098) the BTCUSD lost its momentum and went down, in a corrective move, to close on a daily basis @ 50'718; this price action triggered another shooting star, which warned of a potential downside move. Ongoing, today's price action confirmed this warning and as a...
Multi time frames analysis from Weekly (W1) to Hourly (H1) : WEEKLY (W1) : Last week's price action triggered a BULLISH ENGULFING PATTERN with an it is very important its closing level @ 50'791 above the Kijun-Sen ! Such kind of movement should be seen as the first warning positive signal on a weekly basis observation. In order to confirm this weekly...
DAILY (D1) Yesterday's closing price action below the important Kijun-Sen or Base Line, currently @ 50'533 and also the top of the former sideways daily trading range (45500-50500) As mentioned yesterday, the Doji shooting star triggered on Dec 24th has been timidly confirmed by a small black candle with a daily closing @ 50'442. Nevertheless, so far, such...
DAILY (D1) After a nice ongoing rally which pushed the BTCUSD towards a intraday high of 51'864, lack of followthrough pushed it down again to close (@ 50'841) just slightly above the pivot level I mentioned yesterday @ 50'608; yesterday's price action triggered a new "DOJI SHOOTING STAR" and more important at a level which should be seen as the razor's hedge...
Good morning,Christmas is coming and.. a warning buy signal has been given by a first daily closing above the Kijun-Sen. As mentioned previously, a view reassessment of my expected bearish scenario took place and now the way is open for further upside and my strategic target is @ 58'674. Indeed, the before yesterday's, shooting star has been neutralised by a...
DAILY (D1) The Mid Bollinger Band seems to work as a "magical line", isnt'it ? Indeed, the price action seen over the last two days is showing two successive breakout attempts of this important resistance level (MBB) ! In addition, yesterday's price action triggered a "SHOOTING STAR" which should be seen as new warning signal , calling for a new downside...
DAILY (D1) Yesterday'price action triggered a nice recovery following the upside breakout of the Tenkan-Sen, (currently @ 47'539) ans as result the BTCUSD close @ 48'929,roughly at the level of the Mid Bollinger Band, which as already mentioned several times in the past should not be underestimated and should also be seen as a good barometer...
Good morning, today we are going to look at the daily and 4 hours time frame where something is cooking ! DAILY (D1) Price action seen over the last days is showing a potential double bottom in progress coupled with a bullish divergence ! The trigger level of this potential double bottom is @ 48'307 which if broken (on a daily basis) would open the door for...
Today, we are going to look at the weekly and daily time frames. WEEKLY (W1) : Last week price action triggered a long black (bearish) candle with its closing level @ 46'705, just above the bottom of the sideways trading range of 46'650-50'500 mentioned in my previous analysis. Moreover, the Lagging line is approaching the Kijun-Sen and a cross under this...
We are going to look at the weekly and daily time frames. WEEKLY (W1) Last week price action triggered a "Dark Cloud Cover" pattern (bearish !) with its weekly closing level below the Tenkan-Sen and the cluster (Kijun-Sen & MBB) and also already within the weekly clouds support area. RSI below 50, @ 47'98 This Dark Cloud Cover pattern neutralized the...
We are going to look at the weekly and daily time frames. WEEKLY (W1) : Last week price action, triggered a bearish dark cloud cover pattern which has neutralized the previous bullish engulfing pattern !!! The weekly closing level (@15'788), for the first time from a long time, has been below the Tenkan-Sen which should be seen as a warning confirmation...
Good morning to all of you :-) Today we are going to look at two main intraday time frames which are Hourly (H1 ) and 4 hours (H4) Indeed, in my last and previous analysis, I highlighted a potential double bottom formation in progress on H1 with its trigger level @ 47'450 which has been filled and broken with an intraday high, so far @ 47'750. HOURLY (H1)...
As mentioned in my previous analysis, it is very important to look at carefully short term intraday time frames which can help you to detect early signal of short term trend reversal, providing countertrend short term TACTICAL trading opportunities. Looking at the hourly time frame (H1) a RSI bullish divergence, coupled with a double bottom formation has been...
The Dollar Index (DXY) is showing a potential double top formation in progress on a daily chart. DAILY (D1) Ongoing downside price action, after having, yesterday, broken both the Tenkan-Sen and the Mid Bollinger Band, this morning the DXY is attempting to also breakout the Kijun-Sen which should be seen as the last important support level in that time...
DAILY (D1) A RSI bullish divergence detected 2 days ago, triggered a trend reversal in making a double bottom formation which has been activated yesterday with the breakout of the trigger level @ 1794. Technical target of this double bottom formation is @ $ 1835.00 A breakout of the ongoing downtrend line resistance (in red? and also the upside breakout of the...
DAILY (D1) Ongoing downtrend stil in place caught in a 46'650-50'650 trading range. Below Tenkan-Sen, Kijun-Sen and Mid Bollinger Band. RSI below 50, @ 38.31 All ingredients are in for further downside in a STRATEGIC perspective, of course. Countertrend trading opportunities (long exposure) should, and I insist be very carefully monitored in applying a...
DAILY (D1) As expected and mentioned yesterday, the failure to upside breakout the 16'450 area triggered a new wave of selling pressure, which as a result pushed down the NQ1 towards a low so far of 15'765, testing on its way the top of the daily clouds support zone. The NQ 1 is currently at a tricky level !!! Indeed, the 15'800 area is also the former minor...
Following yesterday's FED meeting, we saw a nice upside move which is clearly recognizable by the long white candle which went up and through all resistances levels (TS, KS, Mid Bollinger Band and clouds) in this 4 hours time frame. As a result, the NQ1 reached an intraday high of 16'431.50 and is now showing some lack of momentum. Indeed, looking back we can...