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Midbollingerband

BTC - H4 - WARNING LAST CLOSING AT THE LEVEL OF KS SUPPORT !H4 : Last long black candle with an intraH4 low @ 53461 triggered a closing which coincided with a breakout of both Tenkan-Sen and Mid Bollinger Band !! In addition the closing level coincided also with the level of the Kijun.Sen. Moreover, technical indicators are all still calling for further downside, Watch carefully H1, M15 and M5 which will validate or invalidate the ongoing bearish price action. Have a nice afternoon trading session. All the best and do not forget to like my post and add Ironman8848 to your following list... :-)
BITSTAMP:BTCUSD
by Ironman8848
4
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
BTC - TRADING IN THE ZONE - AT A GLANCE - D1-H4-H1D1 : Sharp reversal in progress. Indeed current candle is showing a potential bullish engulfing pattern. Nevertheless, it should be confirmed on a closing basis later on today ! H4 : Potential double top formation in progress, supported by bearish divergences on 4 technical indicators !!! Last candle triggered a strong upside move from 46100 towards an intraday high of 48481... Warning, we can not ruled out a mirror effect, which if happens would target again the critical support level of MBB currently slightly above the 46000 area H1 : Also showing bearish divergences... Watch carefully shorter time frames (M15 and M5) to get early confirmation signal (s) of the ongoing bearish price action expressed above ! CONCLUSION : Today's closing on D1 will give the tone for upcoming sessions. watch my post called Heat Map posted on last Monday morning b4 "Elon help...)
BITSTAMP:BTCUSDShort
by Ironman8848
2