Swing: The Bearish Cycle is dominant both on Weekly and Monthly Timeframe. When the Reverse to the Downside (Downtrend) is confirmed and begins, Lower Highs as well as Lower Lows will be achieved. Provided that King's Crown Chart Pattern (Head and Shoulders) is fully formed on the Daily Timeframe, and that the Price will break the Counter Trendline on the Weekly...
H4: Some corrections have already taken place. We had a Kumo Cloud Breakout and the current candlestick touches the Senkou Span A of the Leading Kumo Cloud. Middle Bollinger Band indicates lower Future Prices and the other two have slope to the downside two/ The dominant Cycle is the Bearish one. Leading Kumo is bullish but flat and puts a stop at the Price. Price...
(III) Daily: The Upper and the Lower Bollinger Band are converging and the Middle Bollinger Band Indicates that Inverstors are prepared for Lower Prices. We expext a future Squeeze. Senkou Span A has some slope to the downside but Senkou Span B is flat. Tenkan-Sen has crossed the Kijun Sen from above to below. Price is heading to the level at ($9,370.38) . We...
(II) Weekly: The Bearish Cycle is active since Stochastics had formed a Bearish Crossover above 80% line and then passed it and went lower, while we experienced a 15 Week Break Out of the Price on the Upper Bollinger Band. Bollinger Bands converge and we expect a future Squeeze. The Ichimoku Cloud formed a flat bottom, it did not have the power to go any higher...
Hello, together we will do Technical Analysis on BTCUSD, that will complete in five successive Parts. (I) Monthly: Notice that bullish Fractal bellow the Middle Bollinger Band, also a Rounding Bottom was formed there. After that, the Major Trend reversed to bullish. However, the last three candles, previously to the current candle, have long Spikes. As Steve...