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 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...
Good morning, today we are looking at the Daily time frame.
On this time horizon and on a closing basis, the 48'000 area should be seen as a pivot level for further development.
Indeed, an upside breakout confirmation (several failures seen over the last couple of sessions !) will be the first signal
for further upside for the upcoming trading...
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...
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...
Good morning, today, we are going to look at the 4 hours time frame.
Indeed, as you can see on this chart, the MBB worked perfectly well so far
Therefore, I strongly suggest to look carefully at the cluster zone, currently
around 45'800 (KJ and MBB) as for the time being, several upside breakouts attempts
have been rejected by the Mid Bollinger Band which...
Good Morning to all of you :-)
Hope you are well today ?
We are going to look at the daily time frame today.
Indeed, following the bearish engulfing pattern triggered a couple of days ago (very long black candle) and the downside breakout of the cluster (TS, MBB and KS),
the BTC attempted to recover without great success so far as you can see in this chart...
Today we are looking at the H4 time frame.
The triangle formation I mentioned yesterday did not really worked !
Nevertheless, the 46'900 area worked, so far, perfectly well in rejecting the breakout
attempt on the upside . We can see now a switch in price action, from a uptrend
(green arrow) to a downtrend (red arrow) with a first pullback rejected by the...
M1 : 50 % Fibonacci retracement (64'895-28'600) @ 46'747 filled intra month high of 46787
W1 : Kijun Sen @ 46'747 should be seen as THE KEY PIVOT LEVEL on this time frame !!!
Indeed a weekly closing above this point would be the first significant signal calling for further upside
towards the psychological 50'000 level ahead of 51'030 (61.8% Fib ret).
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...
Good morning friends !
Today, we are looking to the weekly time frame on which, last week price action triggered a bullish engulfing pattern.
In addition, W1 closing (@ 35428) was above an important resistance level (34'970) already mentioned in my previous analysis
which may force to a view reassessment of the situation, depending of the followup...
H1 : The rising wedge target @ 53067 has been reached, low being 52603 !
Last H1 candle triggered a hammer pattern with its closing level roughly
at the congestion zone of previous candles.
Therefore, as mentioned, in M15, short term recovery is in process with upside
potential pretty limited.
Indeed, this H1 time frame is showing from the rising wedge breakout,...
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 :
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
D1 : Yesterday's price action, after having reached a low of 53'400, recovered nicely and triggered a bullish engulfing pattern with a
closing level exactly at the bottom support line of the ongoing uptrend channel. Ongoing today's price action is showing for the time being
a reversal price action which of course should be confirmed this evening on a closing basis...
H1 : Nice recovery towards a high of 57'555, filling it its way the 61.8% Fibonacci retracement @ 57386 !
It failed, for the time being to breakout the clouds resistance area. Interesting to note that the last candles
get smaller and smaller...
Therefore, I would strongly suggest to watch carefully price action over the coming hours, as above the clouds
H1 : The upside triangle breakout triggered a nice move which went up so far
towards a high of 61234 (potential double top formation !)
Indeed, looking at the breakout price action, you can see, firstly the breakout
followed by a pullback towards the former resistance area, which hold and which
triggered the next upside leg with a long white candle and then a...
H1: Ongoing price action caught in a transition zone which should soon or later
breakout either on the upside or on the downside.
Looking at the H1 time frame, clouds are under attack and a failure to hold above
the ongoing uptrend support line should trigger a new selling pressure targeting a retest
of former low @58400.
In order to neutralise this downside...
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...