The breakout and the last D1 closing level above the 50'000 psychological level, accelerated the upside move towards
a high so far of 51'915.
Currently in a new uptrend channel with its first resistance around 52'000 (former yesterday's high) ahead of former of Sept 6ht @ 52'956.
On the downside the former resistance of 50'000 became now the new support to look at...
Good morning, today we are going to look at the H4 and H1 time frames which are both showing some growing uncertainty about further development.
Indeed, I mentioned in my previous analysis to look carefully at the 48'000 as a barometer indicator and looking at recent and current price action we can
note, so far, some lack of momentum to clearly confirm a breakout...
Due to the formation of the shadow a few days ago, it is expected that Bitcoin will try to touch that price range. The most important bitcoin support in the fall can be considered in the range of $ 42,000. Given the USDT.D and BTC.D positions, a relatively weak fall is expected to occur.
Due to the proximity of MA50D and MA200D to each other and the position of...
In the four-hour time frame, a triangle pattern is formed. As we know in this pattern, the target of the triangle pattern is ascending or descending as the base of the triangle.
Due to the formation of the Dodge candle in the previous candle on the lines of Kijunsen and Senko Span, A above the Como cloud, which is itself an important support, as well as based on...
H4 time frame is showing an ongoing bearish price action, putting now the Mid Bollinger Band, currently @ 43'238 under attack.
Therefore, MBB, should now be seen as the LEADING INDICATOR for the upcoming hours. Indeed, a failure to hold and stay sustainably
above this important support level, would open the door for further downside, having in mind the next...
D1 : Still in a broad bearish channel and below the Mid Bollinger Band.
Yesterday's price action triggered a doji ("hanging man" or "dragonfly", confirmation
will be given on D1 closing) !
Globally, as long as BTC does not breakout the downdrend channel first and does
not move and hold above MBB and Kijun-Sen (Base line), price action...
H1 : Recent rally looks to be over ! Indeed, after having filled the 61.8% Fibonacci retracement, BTC is now showing
a potential double top in progress. In addition, indicators are turning down and a first confirmation will be given
by a breakout of the Tenkan-Sen (currently @ 37753, ahead of MBB@ 36963 and finally Kijun-Sen @ 36407 !
D1 : As mentioned yesterday, failure to recover at least above former mid black candle (@ 36810) triggered renewed selling pressure, in putting, overnight the focus on MBB, currently @ 32455
MACD cross UNDER !!!
H4 : Failure to recover and hold above the clouds, in conjonction with a rejection at the 50 % Fibonacci retracement (@ 36130) triggered selling...
D1 : Technical targets mentioned in my yesterday's comments have easily been filled with an intraday of 30261.
Nice recovery on a daily closing basis above the Tenkan-Sen, currently @ 34867
Nevertheless, IN ORDER TO NEUTRALISE DOWNSIDE RISK, BTC needs to close today at least above the middle of the long black candle, which would trigger a "Piercing...
D1 : Watch carefully at the Tenkan-Sen; BULLISH above and BEARISH below
H4 : Same comment than on D1
As long as we stay and hold above Tenkan-Sen, currently @ 39309, it is OK for further upside.
A failure to do it would put the focus on MBB currently @ 38357 ahead of Kijun-Sen
Global picture remains broadly bullish ,as for the time being any...
Weekly Chart of Nifty 50
Since 2017, every correction in Nifty has found support near to Monthly Kijun Sen which is currently at 11200. So ideally current correction should found support around the levels for 11100-11200.
On Weekly Chart, after the correction the index has consolidated around the Ichimoku Cloud. The levels for the same comes to around...
Looks like uber reached bottom and now we will see only growth. It's a bit too early to say where the price will go but in my oppinion it's a long term trade that will break previous hight and go above $50 per share. Only time will show.
For now we are third day above Kijun-Sen going towards Kumo. Next Big News on 17th day ( Hosoda cycle day).
Don't have time for a very in-depth analysis here; but the Ichimoku Cloud Kijun-sen in white has been supporting this entire bull run since $3,500; it held our wick to $6,800ish in mid May and we have just bounced off of it at $7,500.
We broke our parabolic curve which initiated this fall from 8-9k; I...
Placed small long position here with a tight stop loss. RSI looks oversold. Kijun and Tenkan forming c-clamp. Possibly a small bounce here to end the week. On the larger time frames, OIl still looks pretty bearish.
Using the Ichimoku clouds TK Death Cross Strategy, I can see an incoming strong sell signal, This is due to the Tenkan-sen crossing the Kijun-sen from above to below. To solidify my signal on the TK Death Cross the current Chikou span is below the price of 26 periods ago and price is below the Kumo cloud, although it is currently thin, I expect it to expand in the...