WEEKLY (W1) Last week price action triggered a LONG WHITE CANDLE , usually a BULLISH SIGNAL with its weekly closing level (@ 46'864) for the first time, since the beginning of 2022, above the WEEKLY CLOUDS TOP ZONE (@ 45'937) and also the MID BOLLINGER BAND (45'505). RSI above 50 @ 53.21 and the LAGGING LINE above the weekly clouds with still the...
DAILY (D1 ) Yesterday's price action triggered a LONG WHITE CANDLE which intraday broke briefly the top of the DAILY CLOUDS RESISTANCE AREA (@ 42'524) but failed to hold and more important to close above it ! Today's ongoing price action is, currently showing the level of the BITCOIN, below the bottom of the daily clouds and below the TENKAN-SEN (41'250) too,...
Yesterday's price action triggered a NEW LONG BLACK CANDLE which closed below the daily clouds @ 39'175 (intraday low @ 38'590) Currently below both the TENKAN-SEN @ 41'174 and the MID BOLLINGER BAND @ 40460 RSI below 50, @ 44.82 LAGGING LINE testing the KIJUN-SEN ! And last but not least, yesterday's closing was also below the former downtrend...
Looking at the DAILY picture, a "Diamond" pattern is in progress and is currently trying to upside breakout the downtrend resistance line of this bullish pattern. Last but not least, the Kijun-Sen or Base line also coincides with the upside breakout level of this Diamond pattern, which if broken would also give, an additional confirmation signal, calling for...
DAILY (D1) Yesterday's price action on one hand, above the cluster of TS (14'549) and MB (14'570) but..be careful, the shape of the yesterday's candle ( a doji hanging man , is a warning reversal signal which is also validated by the pullback failure to recover and hold above the former uptrend support line (in green) Indeed, today's ongoing price action is...
WEEKLY (W1) In a broading sideways price action (1677-1919) and under the influence of a DOUBLE BOTTOM IN PROGRESS ( see related ideas below) Currently above the clouds with a Lagging line above the clouds too ! Global weekly picture is positive, calling for a test of the former high @ 1'919 which should be seen as a KEY PIVOT LEVEL for the next...
4 HOURS (H4) Recent price action is showing that, for the time being the top clouds support area (43'325), rejected two successive breakout attempts (43'312 and 43'367) with its H4 closing level, respectively @ 43'650, but directly neutralised by the next white long candle (bullish engulfing pattern) with a failure of confirmation on this potential ongoing...
4 HOURS (H4) Above the 4 hours clouds, supported by the ongoing H4 uptrend support line and currently under the new downtrend resistance line. Watch : Upside : former high @ 44'785 Downside : ongoing support trend line (currently around 43'650 which is also the top of the 4 hours clouds. A breakout of one of those 2 levels will show further direction RSI...
Following the sharp decline (-30.85 %), since the ATH @ EUR 1678.00 reached on December 1st, 2021, the price action triggered an HAMMER (reversal pattern) coupled with a RSI BULLISH DIVERGENCE, which is a first positive signal calling for a trend reversal towards higher levels. Important to also note that a potential DOUBLE BOTTOM is in progress (first bottom...
As mentioned in my last analysis, the MID BOLLINGER BAND should be seen as a VERY, VERY, VERY IMPORTANT INDICATOR for the trend ! WEEKLY (W1) Ongoing weekly candle is showing a nice recovery attempt to breakout to the upside both weekly clouds top (42'570) and the Tenkan-Sen. Weekly closing will validate or invalidate this ongoing price action !!! DAILY...
Hello and a warm welcome to this analysis using Ichimoku and Harmonic Patterns We can see in daily time frame A bearish butterfly near 4200 in early SEPT lead to a sharp decline till end OCT to 3200. Now in the bounce back it has activated a bearish reciprocal ABCD that is near the falling trend line. As per Ichimoku we can see the Base line has gone very far from...
1D XBTUSD chart looking heavy - Edge-to-edge play possibility if this daily candle closes inside the cloud - Tenkan crossing below Kijun (bearish) - Swing failure of range high on the 1D with continuation. Bottom of range isn't showing much support right now
Today, we are going to look carefully at the recent and current price action on the Daily chart. Indeed, after having, yesterday, nearly filled the technical target of the triangle pattern @ 49'421 with an intraday high @ 49'225, the BTC lost the momentum to clearly confirm the clouds breakout as you can see, for the time being, on the D1 chart ! In addition, as...
The 78.6 % Fibonacci retracement @ 3'457 has been filled (intraday high so far @ 3'469). In addition, the ETH is still below the ongoing downtrend line resistance and last but not least BELOW THE CLOUDS on a daily basis. Therefore, further development will depend on upcoming price action over the next trading hours and will be confirmed by the daily closing level...
Today we are going to look at three time frames : Firstly the 4 hours where the base of the triangle is currently under attack with an ongoing pullback attempt Secondly, the hourly to see if there is & are potential reversal signal (s) Thirdly, the daily picture to have a global overview of what is going on Let's go to the 4 HOURS CHART : Currently, after...
Good morning, today we are looking at the 4 hours time frame which is showing a triangle formation in progress. As mentioned in my previous analysis, the 44'200 level should be considered as an important resistance area, which, for the time being has not been broken on a H4 closing basis yet. Indeed, this pivot level should not be underestimated as it is also...
Good morning, today we are going to look at the daily picture again. Indeed, as you clearly can see on this chart, the bottom of the clouds in this time frame, worked, once again perfectly well in rejecting the breakout attempt with an intraday low, below the clouds @ 39573. BTCUSD is currently traded at, I would say a key pivot level on the daily picture;...
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...