Ironman8848

Ironman8848

H1 - M15 - M5 Charts speaks for themselves have a great day

Ironman8848

D1 : As expected, (Tks to Elon !)..., the Monday's breakout of former high @ 42000 triggered a sharp acceleration move towards a high so far of 48200, close to the psychological target mentioned of 50'000. (see my previous Heat Map post). Looking at yesterday's price action, we can see a "school case", perfect "doji" pattern which means indecision and...

Ironman8848

D1 : Double top in progress, coupled with a bearish engulfing pattern (which should be confirmed on a closing basis !) In addtion technical indicators are showing bearish divergences... Watch MBB and TS @ 1.0960 as leading indicators for further development. Indeed, a failure to hold above the 1.1000 area would directly put the focus on 1.0460...

Ironman8848

D1 : As you can see on this daily chart I draw an heat map which gives a clear picture of a strategic positioning on BTC 1) Current situation : BTC is roughly traded in the middle of the 36600-42000 trading range which means that as long as we stay above 36600 it is OK. Scenario bullish : a clear breakout of former high at around 42'000...

Ironman8848

H1 : Currently traded at a pivot point level on this time frame and below MBB, KS and TS ! Indeed, a downside breakout of the clouds would open the door for further downside. Next support being the 38.2% Fib ret @ 36489 (also former low of Feb 4th and 5th) Watch M15 and M5 for intermediate clues in waiting the next hourly closing.

Ironman8848

H4 : Last closing candle triggered a "doji" pattern, showing uncertainty and indecision In addition closing was below TS Watch now MBB, currently @ 38552 and on the upside the 39700 area ! And again screen intermediate price action on H2, H1 and shorter to detect as early as possible, any precursor signal showing a switch from bear to...

Ironman8848

M15 : As mentioned in my previous post, bullish divergences triggered a very short term reversal 50%. Fib Ret @ 39515 (41025-38005) filled Still below the donwtrend line resistance on this time frame As long as this resistance line is not clearly broken and more important the clouds resistance area, recent and current price...

Ironman8848

D1 : New downtrend is taking place Watch today's closing for confirmation A closing level below 38320 would trigger a bearish engulfing pattern Only a move back and hold above yesterday's high slightly above 41'000 and above the new daily downtrend resistance would force to a view reassessment of the expected bearish scenario W1...

Ironman8848

H4 : 3 black candles in a row. Last closing period below TS Watch MBB @ 38391 as the next significant support level A failure to hold above that level on a closing level would trigger further downside move towards KS ahead of the support trend line H1 : All important supports (MBB, KS and TS) have been broken Watch clouds...

Ironman8848

Watch closely price action from M5 to H4 until daily closing this evening !

Ironman8848 Updated 

D1 : 40976 FILLED

Ironman8848

H4 : Last black candle confirmed the previous engulfing pattern In addition, closing level was below TS, currently @ 37164 Further downside should follow, calling for a move towards the next significant support zone of 35646/35471 which is also the current support trend line which started a couple days ago @ 29150 H1 : 38.2 %...

Ironman8848 Updated 

H4 : Last candle triggered a bearish engulfing pattern,coupled with a potential double top formation in progress A failure to hold above TS would be the first signal on next candle closing of a confirmation of the pattern previously mentioned. Below watch carefully MBB, currently @ 35691 which I repeat again works very well as leading...

Ironman8848 Updated 

H4 : Last candle triggered as shooting star coupled with a potential double top in progress. In addition indicators are also in divergences process Watch : 36477 (TS), 35300 (MBB) and 35280 (KS) 35300 should be seen as a very important support area in this time frame Failure to hold above it would open the door for : S1 :35002 ...

Ironman8848

H1 : Something is cooking...

Ironman8848 Updated 

H1 : Last candle triggered a doji pattern, coupled with a bearish divergence and a potential double top formation in progress (trigger level @ 34400 !) Therefore, it is likely to see a downside move, targeting at least MBB g 34764 ahead of the 34500 area Watch intermediate price action on M15 for confirmation of the expected above...

Ironman8848 Updated 

H1 : Failure to upside breakout the clouds by the lagging line suggest a short term top in place calling for some downside move. M15 : watch this time frame for clues over the coming hour

Ironman8848

H4 : Last candle is showing a bearish engulfing pattern Today's recovery has been... for the time being short lived. Indeed, failure to crossover Kijun-Sen and this 2 consecutive times triggered selling pressure which push down again the BTC inside the falling wedge and below the downtrend line resistance H1 : Watch this time frame,for clues...