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...
The $51684.9 level is a strong S/R line because this corresponds to a Kijun Sen flat line and Senkou Span B flat line. We can see that the current 4-Hour japanese candlestick has its high that corresponds to this $51684.9 value. In an uptrend scenario, the keylevels to watch are : $51684 $52679 $53668 The price might go down to $50004 (H3 Tenkan sen flat line +...
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...
D1 : Global picture is showing a downtrend channel still in place. In addition, for the time being, the ongoing recovery attempt price action failed, so far, to recover above Kijun-Sen (47275) which is the first level to break in order to neutralise the remaining bearish price action. A move above Kijun-Sen would be the first step to...
D1 : In a broad bear trend downtrend channel, yesterday's price action triggered a "doji", which close just above the important support level of Kijun-Sen. Today's ongoing price action, broke KS and former low of 44151 in reaching a new intraday low @ 43782 ! Indicators are still pointing to the South. In addition, current price action is...
H4 : Recent price action triggered a doji pattern (indecision and uncertainty), with its intra H4 low testing Tenkan-Sen. It is currently traded below the middle of the short term uptrend channel. Continue to watch Tenkan-Sen as a first support and then bottom of the channel; lower focus will be on former low @ 44151 ahead of 43577 (50% Fib...
H1 : Current price action is showing a sideways-slightly up channel within a broad bear trend in H4 and D1. Kijun-Sen rejected a breakout attempt and is likely to trigger some rebound again. No change in my view, watch the clouds and the Fibonacci retracement, respectively the 50% @ 48115 (also the top of the clouds !) and the 61.8% @...