Ironman8848

Ironman8848

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...

Ironman8848

D1 : As already mentioned several times in my previous analysis, Tenkan-Sen should be seen as a good barometer : BULLISH above and BEARISH below ! H4 : Holding very well above the clouds. First significant support @ 35574 ahead of 33552 (MBB) H1 : A downside move below MBB would probably trigger and confirm a short term reversal towards 33926 ahead of 32737 (50%...

Ironman8848

D1 : Very impressive price action Tenkan-Sen, currently @ 29642 should be seen as the first significant support on a Daily basis analysis, ahead of Kijun-Sen and MBB H4 : Same picture than D1, first support @ 32050 and of 31064 and 30680 H1 : Watch MBB , ST bullish above and ST bearish below M15 : 50% Fib ret of last upside move is @ 32'400 which is roughly...

Ironman8848

D1 : After fifth consecutive failure to breakout t23840, yesterday's price action (white bullish candle) mannaged to do it H4 : Triangle pattern confirmed. Targete 26233 H1 : Rising wedge in progress. Consolidation likely to be seen towards the former resistance area 23800-24000 M15: Short term price action also suggest some correction which should be seen as a...

Ironman8848

M1 : Triangle pattern target @26369, roughly the same than the one in H4 @ 26233

Ironman8848

H4 : Strong upside breakout seen over the last 4 hours which now open the door for 26233 Former resistance zone 23800-23840 should now be seen as the first significant support area D1 : Warning !!!There is still a small problem with bearish divergences which are still alive. Interesting to note that on monthly basis, a long term triangle pattern gives...

Ironman8848

D1 : Fifth consecutive closing below the pivot point of 23840 H4 : Triangle formation in progress ! Breakout open the following targets : 26233 on the upside and 20582 on the downside H1 : Similar pattern in progress than in H4 M 15 : Double top pattern in progress... Overall picture still favor a move to the downside, wait a couple of hours for...

Ironman8848

D1 : Second consecutive failure to close above the pivot point @ 23840 ! H4 : Currently below the MBB H1 : Double top in progress ! Trigger level @ 22800. Target @ 21504 M15 :Currently below the clouds in a downside move price action

Ironman8848

D1 : Pivots points remain : 23840 and 22815 H4 : Lack of Momentum H1 : Double bearish engulfing patterns M 15 : Former uptrend recovery trend support line broken and pullback failure

Ironman8848

D1 : Bearish divergence on RSI confirmed Pivots levels : 22815 and 23840 Very fragile zone between 19700 and 22815 H4 : Below MBB , Tenkan-Sen and Kijun-Sen H1 : below the clouds M15 : sideways & downside price action

Ironman8848

D1 : Downtrend intact. Failure to breakout on the downside the Kijun-Sen triggered a recovery which should be seen as a corrective move only. H4 : Facing Kijun-Sen resistance level and still below the clouds H1 : Recent recovery price action filled the 38.2% Fib Ret @ 18280.64 M15 : Indicators are showing trend reversal in progress On D1, 2 pivot levels to...

Ironman8848

D1 : Still under the influence of a potential double top in progress ! Kijun-Sen under attack. H4 : Below the clouds and below MBB - downtrend intact H1 : Below the clouds and below MBB - downtrend intact M15 : Short term recovery in the cards, should be limited to 18000-18200 No change BTC remains a SELL on rally Trigger level of the potential double top on D1 @...

Ironman8848

D1 : Bearish engulfing pattern in progress H4 : Failure to hold in the clouds H1 : Clouds acted perfectly well as an important resistance to break M15 : H & S , target reached Watch carefully at both MBB and clouds which should be seen as good barometers for further development No change. BTC remains a SELL on rally !

Ironman8848

D1 : Kijun-Sen hold yesterday on a closing basis H4 : Recovery attempt... but still in the clouds resistance area H1 : 50% Fib ret filled, facing clouds resistance zone M15 : H & S formation in progress, watch clouds support zone

Ironman8848

Last 4 hours period is showing a closing (@ 17903.92) below the clouds support, currently @ 18068 watch carefully upcoming 1 hour session...

Ironman8848 Updated 

Diamond pattern in progress Long @ 0.8901 Target @ 0.8981 Stop Loss @ 0.8873 RR 1 :3

Ironman8848

Short term picture is showing current levels below the clouds H4 clouds support zone under attack D1, MBB has been broken yesterday on a closing basis W1, a bearish engulfing pattern is on progress For the time being any recovery should be seen as a corrective move in a new bear trend BTC remains a SELL on rally ! Only a sustainable move above 1945-19700 would...

Ironman8848

Recent price action should still be seen as a corrective move in a trend reversal in progress on H4 and D1 See D1 update