The 78.6 % Fibonacci retracement @ 3'457 has been filled (intraday high so far @ 3'469). In addition, the ETH is still below the ongoing downtrend line resistance and last but not least BELOW THE CLOUDS on a daily basis. Therefore, further development will depend on upcoming price action over the next trading hours and will be confirmed by the daily closing level...
Good Morning to all of you :-) Hope you are well today ? We are going to look at the daily time frame today. Indeed, following the bearish engulfing pattern triggered a couple of days ago (very long black candle) and the downside breakout of the cluster (TS, MBB and KS), the BTC attempted to recover without great success so far as you can see in this chart...
Good evening everyone, again this weekend the frog updates us on the situation of Bitcoin by looking at a glance at the BTCUSDT Daily chart: ⁃ Kumo: ⁃ Color: It's green and indicates a steady uptrend for about a month. ⁃ Width: particularly thick, indicating the strength of the trend. ⁃ Expansion/Compression: slightly expanding; therefore indicates an...
Good morning friends ! Today, we are looking to the weekly time frame on which, last week price action triggered a bullish engulfing pattern. In addition, W1 closing (@ 35428) was above an important resistance level (34'970) already mentioned in my previous analysis which may force to a view reassessment of the situation, depending of the followup...
H1 : 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...
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...
D1 : Technical targets mentioned in my yesterday's comments have easily been filled with an intraday of 30261. Nice recovery on a daily closing basis above the Tenkan-Sen, currently @ 34867 Nevertheless, IN ORDER TO NEUTRALISE DOWNSIDE RISK, BTC needs to close today at least above the middle of the long black candle, which would trigger a "Piercing...
D1 : Watch carefully at the Tenkan-Sen; BULLISH above and BEARISH below H4 : Same comment than on D1 As long as we stay and hold above Tenkan-Sen, currently @ 39309, it is OK for further upside. A failure to do it would put the focus on MBB currently @ 38357 ahead of Kijun-Sen Global picture remains broadly bullish ,as for the time being any...
The "Price" and "Volume" is only the clear and direct info for the Good Profit Trading works. BTC Look in uptrend, but we need confirmation in almost next movements. In the ICHIMOKU the trend is clear for check, but need confirmation with the VOLUME in MA20. I´m Miguel (MIKIBTC)... Happy Weekend! Best Regards!.
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...
Placed small long position here with a tight stop loss. RSI looks oversold. Kijun and Tenkan forming c-clamp. Possibly a small bounce here to end the week. On the larger time frames, OIl still looks pretty bearish.
Using the Ichimoku clouds TK Death Cross Strategy, I can see an incoming strong sell signal, This is due to the Tenkan-sen crossing the Kijun-sen from above to below. To solidify my signal on the TK Death Cross the current Chikou span is below the price of 26 periods ago and price is below the Kumo cloud, although it is currently thin, I expect it to expand in the...
Hi Traders! As there is a lot of uncertainty these days, we might have one positive info for you! There is a very little chance of going far deeper. Of course, we take into account going to $5800 or even $5500 for a couple of hours but we don’t expect large discounts on BTC from that level of price. We hope SEC finally grant at least one organization certificate...
HI Guys. As BTC dropped down there are literally few coins which bounced off and probably can give us at least small profit. One of these is Binance coin. BNB has just bounced off from a big support. It didn’t cross this support since end of April 2018. It tried 3 times but luckily didn’t manage. This time we also bounced off from 0.0014336. When watching Weis...
Hi guys. How are you ? What do you do in the market fluctuations ? In these days, many people are afraid of the fall of the bitcoin and ask me what will happen ? If you remember, in my last analysis I had predicted this conditions and prices. I said before the uptrend started, price will touch the bottom of descending triangle pattern. And now with look at weekly...
AUDCHF - On the H4 chart we can see, that after today’s gains price is above bullish Kumo cloud. If current cloud will close above this zone, it will be a signal to open long position. In addition, Tenkan-sen just crossed above Kijun. The target for gains is on the another resistance in 0.7575 area.