Ironman8848

Ironman8848

The trend is your friend...

Ironman8848

M15 : As very short term indicators do not confirm the upside ongoing price action, we should see some small downside correction. For the time being, after the sharp upside move seen this morning, it is difficult to tell which kind of amplitude this potential correction might have ! Indeed, the very short term support level is @ 51215,...

Ironman8848

H1 : A very rare pattern (diamond) is in progress. It could be to some extend assimilated at an Head and Shoulder pattern too. Watch carefully price action over the coming hours and also watch price action on M15 as clouds support zone is currently under attack

Ironman8848

H4 : A potential Head and Shoulder is in progress ! Currently traded around the tactical uptrend line sup & res. Watch the following levels over the coming hours : 1) Uptrend resistance line 2) Tactical uptrend line Breakout of one of those 2 levels will give the direction. BULLISH : Breakout of the tactical...

Ironman8848

H4 : Above MBB and KS...but still below TS ! Watch ongoing H4 price action to get more information about further development. Indeed, BTC is currently roughly in the middle of a trading range (ascending rectangle) A failure to hold above the 48200 area would put the focus on lower levels. Fragile zone between 48000 and 47000 (47036...

Ironman8848

H1 : Still under the influence of this rising wedge pattern with the basis already tested once ! Failure to recover above both KS and MBB is not positive Looks like recent price action is corrective only in an ongoing bearish price action In order to neutralise this remaining selling pressure, BTC should quickly recover above both ...

Ironman8848

H1 : Failure to hold above MBB triggered a long black candle (bearish !) Base of the rising wedge under attack. Watch carefully the ongoing price action for a potential breakout. A breakout confirmation of the base of this rising wedge coupled with the breakout of the clouds support zone, would open the door for a target @... 44100...

Ironman8848

M15 : first rejection of the psychological level Watch 49200 ahead of 48500 as first significant supports On the upside we need to see at least a closing above 50'000 which should also be confirmed on H1 M5 : In a widening wedge pattern and currently in the middle of the range... upside and downside potential are shown by...

Ironman8848

AT A GLANCE. :-)

Ironman8848

H1 : IN A BROAD RISING WEDGE FORMATION IN PROGRESS ! For the time being, MBB and KS rejected downside pressure attempts. Watch 48767 ahead of 48487 as key pivot area on this time frame. Indeed, a failure to hold above the latter level, would put the focus on the H1 uptrend line support (in blue) which is also currently the clouds ...

Ironman8848

D1 : The psychological level of 50'000 has nearly been reached early this morning (high so far 49938) While the strategic outlook remains BULLISH, we are currently facing some tough resistances levels to breakout. Indeed : 1) strategic uptrend line resistance 2) potential double top (49715 and 49738) 3) psychological...

Ironman8848

H1 : Indeed, ongoing H1 price action and especially closing level would be interesting for the upcoming periods... As you can see, an upside clouds breakout is in progress, coupled with the level of the downtrend line resistance (in red) In addition, a rising wedge formation is also in progress and a failure to stay within this pattern would be a...

Ironman8848

H4 : Recent price action triggered a symetrical triangle pattern WATCH CAREFULLY NEXT H4 CLOSING : Upside breakout : Target 52235 Downside breakout : Target 43345 Both cases should be confirmed by H1 ongoing upside price action

Ironman8848

H1 : Nice recovery seen over the last couple of hours. Facing tough resistance to break (MBB @ 47975) and clouds resistance area too ! Watch carefully the next candle (s) to check if there is enough momentum to upside breakout. Watch indicators for signals. M15 : The ascending triangle detected early this morning has been validated by a first...

Ironman8848 Updated 

M15 : POTENTIAL UPSIDE BREAKOUT ! WATCH UPCOMING M15 CLOSING LEVEL FOR CONFIRMATION IF VALID , TARGET IS @ 48945 (TACTICAL DOWNTREND LINE RESISTANCE !) FAILURE TO DO IT WOULD PUT THE FOCUS ON THE MBB AHEAD OF TRIANGLE BASE SUPPORT LINE.

Ironman8848

H1 : Currently below the clouds support zone. LEVELS TO WATCH : Resistances : 47400 / 47622 /47814 Supports : 46664 / 46267 / 46133 / 45915 M15 : Some signs a a potential short term reversal (indicators are showing some recovery price action) Potential double bottom (trigger level @ 47430) !!! LEVELS TO WATCH : ...

Ironman8848

D1 : Yesterday's closing failure to breakout the strategic uptrend line resistance triggered a tactical reversal which went down towards a intraday low early this morning @ 45915. In its way down, the Tactical support 1 has been broken LEVELS TO WATCH CAREFULLY ON A DAILY CLOSING BASIS : RESISTANCE : former tactical support 1 becomes...

Ironman8848

H1 : Under the influence of a double bottom formation with a technical target @ 50287. Nevertheless, inside this ongoing double top pattern there is also a double top formation in progress M15 : Double top formation in progress ! Watch 48993 ahead of 48905 as immediate support levels Indeed a breakout of MMB @ 48905 would put the...