WEEKLY (W1) In a broading sideways price action (1677-1919) and under the influence of a DOUBLE BOTTOM IN PROGRESS ( see related ideas below) Currently above the clouds with a Lagging line above the clouds too ! Global weekly picture is positive, calling for a test of the former high @ 1'919 which should be seen as a KEY PIVOT LEVEL for the next...
4 HOURS (H4) Recent price action is showing that, for the time being the top clouds support area (43'325), rejected two successive breakout attempts (43'312 and 43'367) with its H4 closing level, respectively @ 43'650, but directly neutralised by the next white long candle (bullish engulfing pattern) with a failure of confirmation on this potential ongoing...
4 HOURS (H4) Above the 4 hours clouds, supported by the ongoing H4 uptrend support line and currently under the new downtrend resistance line. Watch : Upside : former high @ 44'785 Downside : ongoing support trend line (currently around 43'650 which is also the top of the 4 hours clouds. A breakout of one of those 2 levels will show further direction RSI...
Following the sharp decline (-30.85 %), since the ATH @ EUR 1678.00 reached on December 1st, 2021, the price action triggered an HAMMER (reversal pattern) coupled with a RSI BULLISH DIVERGENCE, which is a first positive signal calling for a trend reversal towards higher levels. Important to also note that a potential DOUBLE BOTTOM is in progress (first bottom...
As mentioned in my last analysis, the MID BOLLINGER BAND should be seen as a VERY, VERY, VERY IMPORTANT INDICATOR for the trend ! WEEKLY (W1) Ongoing weekly candle is showing a nice recovery attempt to breakout to the upside both weekly clouds top (42'570) and the Tenkan-Sen. Weekly closing will validate or invalidate this ongoing price action !!! DAILY...
DAILY PICTURE : 57'500 which is the double top trigger level should still be seen as a KEY PIVOT LEVE L for further development. In addition, slightly below this level we can see the Tenkan-Sen or Conversion line, currently 57'368. As already mentioned, a daily closing below both levels mentioned would add further selling pressure and put the focus to...
1D XBTUSD chart looking heavy - Edge-to-edge play possibility if this daily candle closes inside the cloud - Tenkan crossing below Kijun (bearish) - Swing failure of range high on the 1D with continuation. Bottom of range isn't showing much support right now
This time the clouds did not hold ... An Head and Shoulder formation is in progress and if this is confirmed, the technical target would be @ 51'436. Therefore, price action over the coming hours will be, once again, very important to look at carefully. Indeed, only a clear recovery above the clouds (around 63'000, already mentioned in my previous analysis !)...
The breakout and the last D1 closing level above the 50'000 psychological level, accelerated the upside move towards a high so far of 51'915. Currently in a new uptrend channel with its first resistance around 52'000 (former yesterday's high) ahead of former of Sept 6ht @ 52'956. On the downside the former resistance of 50'000 became now the new support to look at...
Today, we are going to look carefully at the recent and current price action on the Daily chart. Indeed, after having, yesterday, nearly filled the technical target of the triangle pattern @ 49'421 with an intraday high @ 49'225, the BTC lost the momentum to clearly confirm the clouds breakout as you can see, for the time being, on the D1 chart ! In addition, as...
Today we are going to look at three time frames : Firstly the 4 hours where the base of the triangle is currently under attack with an ongoing pullback attempt Secondly, the hourly to see if there is & are potential reversal signal (s) Thirdly, the daily picture to have a global overview of what is going on Let's go to the 4 HOURS CHART : Currently, after...
Good morning, today we are looking at the 4 hours time frame which is showing a triangle formation in progress. As mentioned in my previous analysis, the 44'200 level should be considered as an important resistance area, which, for the time being has not been broken on a H4 closing basis yet. Indeed, this pivot level should not be underestimated as it is also...
So with this candle just opening, looks like the market watching is agreeing that this golden cross should happen on the 30m timeframe.. would be nice sign for the bulls if this does cross nicely like it's looking to! especially to see her close above the 44248 would be bullish as thats the level of the daily ichimoku TENKAN.. That might spell some bullishness...
Good morning, today we are going to look at the daily picture again. Indeed, as you clearly can see on this chart, the bottom of the clouds in this time frame, worked, once again perfectly well in rejecting the breakout attempt with an intraday low, below the clouds @ 39573. BTCUSD is currently traded at, I would say a key pivot level on the daily picture;...
Good morning, today we are going to look at the H4 and H1 time frames which are both showing some growing uncertainty about further development. Indeed, I mentioned in my previous analysis to look carefully at the 48'000 as a barometer indicator and looking at recent and current price action we can note, so far, some lack of momentum to clearly confirm a breakout...
Good morning, today we are going to look at the daily picture which yesterday, on a closing basis, triggered a bullish engulfing pattern. Indeed, as mentioned in my previous analysis (see related ideas below) I highlighted, the importance of the clouds support zone on this D1 time frame and you can see the confirmation on the chart. Clouds once again worked...
H4 : Last candle closing @ 44'636 is the first warning signal which triggered, as expected and mentioned in my previous analysis published yesterday, a "shy" pullback, which should be watch at very carefully and which will be crucial for further development. Indeed, a failure to recover above the ongoing support trend line (green line) and watch also RSI which...
Good morning, today, we are going to look at the 4 hours time frame. Indeed, as you can see on this chart, the MBB worked perfectly well so far Therefore, I strongly suggest to look carefully at the cluster zone, currently around 45'800 (KJ and MBB) as for the time being, several upside breakouts attempts have been rejected by the Mid Bollinger Band which...