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...
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...
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 :
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...
So with this candle just opening, looks like the market watching is agreeing that this golden cross should happen on the 30m timeframe.. would be nice sign for the bulls if this does cross nicely like it's looking to!
especially to see her close above the 44248 would be bullish as thats the level of the daily ichimoku TENKAN.. That might spell some bullishness...
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 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...
wish y'all have a profitable lifestyle. 🕊
📍I am a big fan and believer in ichi-moku and its crazt TIPS which in my point of view works the best.
📍Last week we have seen crazy movements from Bitcoin's chart which surprised everyone including myself.
📍 I saw Laggin-span going inside the komu-cloud which is an extremely bullish sign of the chart...
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
Bitcoin has closed within the 8 hour Ichimoku Cloud and could be looking at an edge to edge move inside of the cloud.
The Tenkan (blue) has crossed over the Kijun (orange) which suggests a bullish continuation.
Future forecast for the Tenkan (blue - short term moving average), Kijun (orange - long term moving average), & Senkou Spans (cloud - red resistance & green support) is provided on the chart for the daily timeframe.
Looking at the 6D chart with Ichimoku cloud, it definitely seems possible that bitcoin may continue to drop. The way the current candle is hanging from the Kijun does not look very good. There are more support levels that could be tested such as 26k, 18k, 15k.
We should play close attention to the bitcoin price action today along with watching the 4D and 5D...
We have about 14 days until lagging span potentially interacts with price and another 14 days to remain above it. If we are above price by then buy all the bitcoins . If we start intersecting, keep your fiat in the bank. Jokes aside I will keep tabs on this as I think it's pretty important for the macro trend.
First we take the 1D Kijun line and add it to our 3D chart where we recently observed the TK cross to the downside. This will serve as a major level that we could revisit in the short term.
Second we look for our long term support area. I see this being around 30k due to volume and the long/flat areas of the 3D Kijun and the 3D Cloud.
Third we look for an...