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...
1. Edge-to-edge play just completed on 1D XBTUSD 2. Chikou broke through price and entered cloud 3. Tenkan crossed the Kijun All signs show a shift in the market. This trifecta has not occurred on the 1D since the beginning of Oct. 2020 when Bitcoin was at 11k
PRICE WAS IN TRIANGLE AND NOW TRYING TO BREAK DOWNWARD WE ARE WAITING FOR ITS STRUGGLE TO END AND GO DOWN TOWARD 87.31 AND THEN 86.59 JXY ANALYSIS IS IMPORTANT AS WE CAN TAKE ADVANTAGE FOR OUR PAIR ANALYSIS WITH WITCH ONE SIDE IS JPY ANY COMMENTS PLS SHARE
H4 : Triangle formation in progress. Currently below Kijun-Sen (57068), Mid Bollinger Band (55759), Tenkan-Sen (55259) and roughly in the middle of the triangle. Breakout of the triangle : BULLISH SCENARIO Upside breakout would trigger a move of 6398 points towards 63500-63750 BEARISH SCENARIO (expected) Downside breakout would target 47675-48000 Watch also H1 and M15
H4 : The 58400 important support area mentioned yesterday worked perfectly well, coupled with the failure to breakout both the Mid Bollinger Band and the Kijun-Sen (Base line). This rejection triggered a nice upside move, once again above the 60'000.. but it did not hold above it.. so far. No change in my view, as long as clear breakout of the 60'000 in holding...
D1 : After having nearly reached the expected target which were respectively 50187 (61.8% Fib ret) and the psychological support level of 50'000 in moving down towards an intraday low of 50360, the BTC recovered nicely towards an intraday high so far of 55597. This recent price action triggered a long white candle (bullish engulfing pattern) which on its upside...
D1 : Last 2 trading sessions is showing a switch from a BULL mode to a BEAR one. Indeed, looking at the last 2 closing sessions we can see 2 black candles with the one of yesterday, closing "timidly" just above Tenkan-Sen (conversion line). Today's ongoing price action is currently under that level, in having already tested the...
H4 : Mid Bollinger Band continue to perform very well as the leading indicator and worked once again perfectly well in rejecting a downside breakout attempt seen on the last H4 candle. As long as we stay and hold on H4 closing basis above MBB it is OK; however, a failure to do it would open a new trading range with its next support around...
H4 : As expected and mentioned in my previous analysis (W1) published early this morning, a corrective and healthy downside move took place and reached an intraday low, so far at 59350, close to the 38.2% Fibonacci Retracement @ 59194 ! Last H4 closing candle triggered a doji pattern which is showing some uncertainty about the upcoming hours. In addition, you can...
H4 : After the strong triangle breakout and as expected BTC lost momentum and last candle triggered a bearish engulfing pattern. For the time being, the first support (Tenkan-Sen) hold; nevertheless, technical indicators are switching from the sideways to the downside which may be the first signal (s) of a short term trend reversal. A...
D1 : Another long white bullish candle has been triggered yesterday; today's ongoing price action is showing, for the time being another kind of picture. Indeed, after having, on one hand filled the Fibonacci retracement extension (78.6% @ 55072) and even pushing higher to an intraday high of 55855, BTC has been rejected by the former primary...
H1 : Bearish divergence (RSI) triggered a short term reversal, pushing down the BTC in the former uptrend channel. Currently below TS, MBB and KS. Watch clouds as the next significant support area On the upside, in order to neutralise the ongoing short term bearish price action, BTC should quickly recover above the cluster of KS, MBB...
H4 : Currently in the middle of the clouds and below the Mid Bollinger Band and Kijun-Sen ! As mentioned earlier in my D1 analysis, the H4 clouds support zone, so far, worked perfectly well in rejecting 5 times breakout attempts... Current price action is showing a sideways move between Tenkan-Sen level on the downside and MBB &...
D1 : Mid Bollinger Band remains "THE" leading indicator. Indeed, after having closed, before yesterday above MBB, the failure, yesterday to confirm it, triggered a new selling pressure and as a result, the previous bullish candle has been neutralized by a bearish engulfing pattern yesterday which close below MBB; Today's ongoing candle is...
D1 : Strong upside move towards an intraday high of 52652 seen yesterday with a closing level slightly above MBB. Today's price action is currently below the psychological level of 50000. Once again, today's closing will be important for the coming session (s) H4 : Failure to hold above the clouds resistance, triggered a new selling...
H1 : 61.8% Fibonacci retracement filled @ 49201 (intraday low so far @ 49000) Last candle (bullish engulfing) might trigger a recovery In order to invalidate the ongoing bearish price action, BTC needs to recover above MBB currently @ 50784 and also above the downtrend line resistance. On the downside, clouds zone should be watch as the...
D1 : Very strong price action occurred yesterday by one of the longest white candle (BULLISH ENGULFING) seen so far (Opening 45262 / Closing 49629 + 4367 / + 9.64 %), similar to the one seen on Feb 19th (Opening 51560 / Closing 55989 + 4429 / + 8.59 %). Today's price action triggered an intraday high so far @ 50250 which is roughly the level of...
H4 : Last candle closed slightly up, above the top of the downtrend channel line and also above Mid Bollinger Band (46091). Nevertheless, this breakout, for the time being looks very fragile and we need to wait the next H4 closing for confirmation. Indeed, an upside breakout confirmation would then open the door for 47550 which is the...