Ironman8848

Ironman8848

Looks like a double bottom is in progress !! In addition all indicators are close to a reversal point Fasten your seat belt !

Ironman8848

After having filled the 38.2% Fibonacci retracement @ 18504 (low of 18500), BTC will find some important levels to break 19209 : 50 % Fib ret 19376 : 61.8 % Fib ret which is also currently the level of the downtrend line resistance Recent price action should for the time being, be seen as a corrective move only on a new downtrend. As mentioned on my update on D1,...

Ironman8848

Currently below the clouds Watch former low @ 18100 50% Fibonacci ret (16218-19218) @ 18068 Daily MBB @ 17896...

Ironman8848 Updated 

Dark cloud cover in progress or potentially bearish engulfing pattern Mid Bollinger band @ 17776 Bearish divergence in progress on RSI Trigger level @ 16218 Technical target @ 12518 Has to be confirmed on closing D !

Ironman8848 Updated 

TARGET : 18'681.27 INDICATORS CONFIRMED SHORT TERM REVERSAL

Ironman8848

TRIGER LEVEL : 19001.98 TARGET : 18085.96

Ironman8848

Last closing candle is showing a doji pattern Current candle is showing a bearish engulfing pattern in progress (wait for confirmation !)

Ironman8848

Breakout of the sideways channel price action triggered further upside towards the 61.8% Fibonacci retracement @ 18240 (filled) Bearish divergence on the RSI Trend reversal in progress !

Ironman8848 Updated 

Doji : OK Long white candle : OK Recovery above the downtrend line resistance : OK Above MBB : OK Pivot point @ 17943 on closing basis

Ironman8848

caught in a narrow 16218-17470 trading range. below the clouds below the mid Bollinger Band currently around the Kijun-Sen line update will follow in due course

Ironman8848

Recent price action is showing a corrective move only in a intact broad bear trend Last 2 candles are showing 2 shooting stars pattern (bearish !) Last but not least clouds acted once again perfectly well as a resistance area Focus remains on 387.2% Fib ret @ 15798 ahead of further downside...

Ironman8848 Updated 

BEARISH TREND REVERSAL IN PROGRESS - Dark cloud cover - Dojis More downside to come Focus on 38.2% Fibonacci retracement @ 15798 Sell on rally

Ironman8848 Updated 

The bottom of clouds acted perfectly well, so far, in stopping the sharp downside move. No change, further downside in the cards Downtrend intact Sell rallies Focus on 38.2% Fibonacci retracement @ 15798 (see D1)

Ironman8848 Updated 

TRIGGER LEVEL @ 18631.98 TECHNICAL TARGET @ 17'791.98 BEARISH DIVERGENCE ON RSI BEARISH ENGULFING PATTERN

Ironman8848 Updated 

Falling wedge in progress and potential double bottom on D1 and W1 Entry level @ 0.8999 Take profit @ 0.9089 (50 % Fib ret) Stop loss @ 0.8969 Risk Reward ratio : 1.3

Ironman8848 Updated 

Top of the daily clouds tested this morning @ 1.1849 61.8 % Fibonacci retracement slightly above 1.1859 (downside move from 1.2011 to 1.1612 Looks like a SELL for a target of the Mid Bollinger Band currently 1.1745 Strategy : SELL @ 1.1845 TP @1.1745 SL @ 1.1878 RR : 1 :3

Ironman8848

Last 2 sessions price action is showing a trend reversal in progress. It is more than likely to see further downside move towards the 3050 area (342.70 being the 38.2% Fib ret of the 2174.70-3579.20 (March-August rally) This area also coincides roughly with the Ichimoku clouds support zone Indicators have already turned down On the weekly picture, the downside...

Ironman8848 Updated 

SELL LIMIT @ 0.9119 TAKE PROFIT @ 0.9059 STOP LOSS @ 0.9139 RR : 1:3