Get started

Ironman8848

BTC - H1 - TRADING IN THE ZONE - AT A GLANCEH1 : Watch the clouds as an important support zone. 2 successives dojis took place which triggered a rebound. Technical indicators are showing some signs of a recovery. Resistances levels are the following : R1 : 56327 R1 : 56713 (currently the downtrend line resistance level) R3 : 57099 IMPORTANT TO NOTE THAT 57099 IS ALSO THE LEVEL OF THE MID BOLLINGER BAND ! Therefore, in order to invalidate the ongoing tactical bearish price action, BTC need to recover and hold above 57100 and which is the case, focus will be on 78.6% Fib ret @ 57650 Watch M15 for intermediate signal (s)
BITSTAMP:BTCUSD
by Ironman8848
2
BTC - H4 - WARNING MBB UNDER ATTACK !H4 : Recent price action is showing an attempt to breakout the Mid Bollinger Band support (wait for confirmation !) Indeed, from the recent top we can see 2 bearish black candles and the ongoing candles will validate or invalidate the ongoing tactical bearish price action which is for the time being in a 58350-54500 trading range. If MBB hold once again, it is likely to see a recovery, opening the door for a retest of former highs. Warning : a failure to hold above KS @ 54490 would trigger a downside acceleration which may put the focus on the tactical uptrend suppor line, currently around 51500 Technical indicators are not showing any recovery yet ! Watch shorter time frames (H1,M15 and M5) to get intermediate signals Have a nice trading day. And last but not least, if you find my analysis bring you some additional value on your trading decision, do not hesitate to like it and to add me on your following list :-)
BITSTAMP:BTCUSD
by Ironman8848