Clouds
BTC - H4 - STILL ABOVE THE CLOUDS...BUT...H4 : Take a few seconds for looking back what happened since the peak reached 3 weeks ago !
Indeed, you can see that the downtrend (falling wedge in progress) is still intact.
1) Several recoveries attempt (upside breakout failures occured; the most important attempt
being the one seen a couple of days ago ;
A) A long white bullish candle
B) A doji top at the peak !
C) A reversal long black candle pushing down again the BTC inside the falling wedge pattern
2) Then sideways price action with, yesterday, a new upside breakout attempts of the downtrend line resistance
which triggered again a Doji and this time, roughly at the level of the donwtrend line resistance !
3) Current level is around the MBB (@ 33748) and below both TS and KS, respectively @ 33895 and 33885
4) Top of the clouds support zone has been tested this morning !
Conclusion :
Scenario bearish : Failure to quickly recover and hold above MBB, KS and TS should trigger further selling pressure
targeting a downside breakout of the clouds with the following targets :
1) 32641
2) 31975
3) 31308
Scenario bullish : Recovery success in breaking the downtrend line resistance opening the door for the following targets :
1) former high @ 34800
2) 35060
3) 35740
4) 36419
Due to high volatility I would strongly suggest to carefully screen shorter time frame , H1 and M15, to detect early signals
which would allow to act accordingly.
Have a nice Sunday :-)
Good luck
Ironman8848
DBVT - Waiting for WEEKLY diversionlooking good for DBVP - i set alert on 1W LONG DIV
at this point - SET BUY @ 4$
TEVA - 3W cloud diversionnina clouds prints S&R for target & stop
set alerts on lower TF's to get notified when the diversion builds up
Ichimoku entry MRNAHey here's a company from the news on my humble scan! Nice volatility numbers too, should be good for a decent sized bump.
Ichimoku entry APPNchose this one today mainly because of the nutty volatility but with the caveat that i'm not going to go with the algorithmically generated stoploss, instead setting it at the cloud bottom. I'm not about risking a -23% trade lol
BTC - H4 - SECOND SHOOTING STAR !H4 : Last candle triggered a second "shooting star".
Important to note that both patterns took place following the failure to upside breakout KS
Moreover, clouds support is very thin = fragility !
In addition, MBB and TS also coincides with the clouds support area.
Watch also the first uptrend line support (the one which rely the closing lows) as the first significant support line, ahead of
the one relying the low of the candles.
There is also a double top formation in progress (shooting stars top !) with its trigger level @ 35430
A failure to hold above 35430 would open the door for a target @ 33410
On the upside, in order to neutralise further downside risk, we need to see a recovery above former highs (37450 & 37320)
Finally, as long as we stay below the former downtrend line resistance (in red) the trend remains BEARISH !
Currently, in a broad triangle pattern where a breakout should occur over the coming hours, either on the upside or on the downside...
Wait and see
Ichimoku entry UNFIthis has tried to break through the cloud several times but only now are all the pieces in place so i have high hopes for this one
BTC - H1 - CORRECTION UNDERWAY...short term strategyH1 : 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 !
A failure to hold above the trading range above mentioned would trigger further dowside, targeting first 35514, 34500 and 33487.
The latter level being also, currently, the bottom of the clouds support.
Strategy : sell from current level (38288 and towards former high 38790)
TP @ 34'500
SL @ 39'484
RR : 1:3
Ichimoku entry ATCOlooks like this one has a near-term tendency to stop out before going up when the signal comes... but i like the shape of this entry so we'll give it a shot anyway.
BTC - D1 - H4 - H1 - MBB ON D1 @ 32455 IS THE KEY PIVOT LEVEL !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 pressure
H1 : Picture is pretty clear, pullback failure from the Jan 11th low @ 30237, rejecting by both 50% Fibonnacci retracement, previously mentioned on H4 and
by the top of the clouds resistance area around the 36'000 level
CONCLUSION :
A failure to hold above the MId Bollinger Band (MBB) would trigger a downside move acceleration in opening the door for 29'000, which is the 50 % Fibonacci retracement of the 16218-42000 recent rally,
ahead of 26'066 (61.8% Fibonacci retracement)
On the upside, no change in my view and only a clear upside breakout of 36810 would force to a view reassessment of the expected bearish scenario, calling for lower levels.
For the time being, BTC remains a SELL on rally on a broad bear trend
BTC - D1 - H4 - H1 : Tenkan-Sen remains the leading indicator...D1 : From the peak around 42'000, 3 successives black candles confirmed a trend reversal !
More important Tenkan-Sen, which I mentioned several times, should be seen as the leading indicator is tested and under attack
A failure to recover and hold above it would trigger further downside selling pressure, openning the door for the 32000 area (32151 being the 38.2% Fibonacci retracement of the rally from 16218 torwards the peak !
Below the MBB (currently @ 31355) is the next support to watch at very carefully as you can see in the past.
H4 : Breakout of the MBB triggered a strong downside move (Both Tenkan-Sen and Kijun-Sen broken !!)
Clouds support area... for the time being hold and rejected downside breakout on a H4 closing basis
H1 : Failure to hold above the clouds triggered a first sharp selloff, then pullback towards the clouds again, failure to recover above the clouds and second selloff
Conclusion : watch carefully Tenkan-Sen and MBB on all time frames ! Bullish above and Bearish below
Bearish $TWTR Monday morning$TWTR broke down through the EMA clouds on the 4hr and is coming off the controversial move of banning President Trump, pretty strong negative news for the social media platform.
Ichimoku entry JKSgot a cloud twist, price cloud break, and technically a lagging span cloud break all on the same day. A multiplicity of factors might indicate stronger momentum than usual, let's see how it goes
Ichimoku entry PAHCChose this one today because another unusual trigger, the lagging span breaking the cloud top. Trying to showcase different entry looks.
