Ironman8848

Ironman8848

D1 : Yesterday's price action , a long black candle with an intraday low @ 28800 ! and a closing price # 30818 confirmed a clear breakout of the triangle pattern, calling for a technical target @ 23'590... Nevertheless, after this sharp decline, it is likely to see some technical recovery which is expected to be relatively limited and which...

Ironman8848 Updated 

D1 : Yesterday^s closing below both TS and MBB with an intraday low @ 33400, close to my technical target of 33250 mentioned yesterday morning in my previous post. On going price action is showing a POTENTIAL downside triangle breakout which should be confirmed on closing basis this evening. A closing outside of the triangle would be the first signal...

Ironman8848

D1 : Recent price action triggered an intraday move towards a low so far@ 34'800 Currently traded below both Tenkan-Sen (TS) and Mid Bollinger Band (MBB) ! Uptrend triangle support line currently under attack... Watch closely today's closing for clues A failure to stay and hold inside the triangle pattern would give a warning of...

Ironman8848

H1 : Trigger level of the double top @ 35430. Targe @ 33410 3rd consecutive failure to hold above support trend line MBB currently under attack a failure to hold above it and above KS @ 36113 which is also the current intraday uptrend line support would give a bearish signal, calling for lower levels.(with clouds support zone,slighlty...

Ironman8848

H4 : Last candle triggered a second "shooting star". Important to note that both patterns took place following the failure to upside breakout KS Moreover, clouds support is very thin = fragility ! In addition, MBB and TS also coincides with the clouds support area. Watch also the first uptrend line support (the one which rely the...

Ironman8848

H4 : Over the last 4 hours, price action triggered a "doji shooting star" which is already the first signal of a potential trend reversal Therefore the next H4 period will be very important to look at. Indeed, a closing price below the closing of the former doji shooting sta$ would confirm this bearish pattern, calling for further downside...

Ironman8848

H1 : 61.8% Fib ret filled and attempt to upside breakout clouds resistance area Watch 36'500-37000 area, as already mentioned in my previous H4 post (37064 being the 78.6 % Fib ret extension ! On the downside 35700-35300 support area, the lower level of this support zone also coincides with the new intraday support trend line. A...

Ironman8848

H4 : On one hand a falling wedge formation is in progress with an attempt to upside breakout (not confirmed yet !) In addition, the breakout area coincides with the clouds resistance zone and also, slightly higher with the MBB Watch 36500-37000 trading range for clue An upside breakout of that area would directly put the focus on the...

Ironman8848

D1 : Still holding above MBB which remains one of the trend leading indicator with Tenkan-Sen. Yesterday's price action triggered a "Doji" pattern which confirm indecision and uncertainty. As long as we hold above MBB, that should be seen as a constructive and consolidation price action calling for higher levels with renewed focus on recent...

Ironman8848

H1 : After having reached my technical target of 33845 (low of 33833), the BTC recovered slightly. Nevertheless, keep in mind, that for the time being, recent small recovery should be seen as a corrective move only in a bear trend. Indeed, the intraday low of 33833, did not trigger a bullish divergence yet and as a result the recovery has been...

Ironman8848 Updated 

H1 : Intraday’s price action is showing the following : 1) 61.8% Fibonacci retracement @ 37922 filled 2) Failure to upside breakout the clouds resistance area 3) Rising wedge formation with potential downside breakout in progress 4) MBB , currently @ 36940 under attack A confirmation of a downside breakout would open the door for a sharp downside move targeting...

Ironman8848

H4 : Currently traded below both Tenkan-Sen and MBB. Moreover, the uptrend support line is under attack !ü Clouds support zone looks quite fragile. A failure to hold above the 36250-36000 area would direcly put the focus on lower levels towards, first 34'800 which is the clouds support area ahead of the congestion zone support @ 33800. ...

Ironman8848

D1 : Yesterday's price action triggered a Bearish engulfing pattern. Intraday recovery failed to upside breakout the downtrend line resistance which remains an important area to clearly break which if done, would confirm further upside. 36130 (Tenkan-Sen) remains, as already mentioned several times in my post one the main leading indicator. 34400 ( MBB ) is the...

Ironman8848 Updated 

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...

Ironman8848 Updated 

H4 : BTC remains in its new bear trend from its peak level @ around 42'000 1) Downtrend line resistance still intact 2) Clouds worked, so far, perfectly well as resistance 39 Former uptrend line support under attack Strategy ; keep short position as suggested in my previous idea (H1) published earlier today Watch the following support on H4 time horizon : 35794 35266

Ironman8848

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...

Ironman8848

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...

Ironman8848

D1 : From the peak around 42'000, 3 successives black candles confirmed a trend reversal ! More important Tenkan-Sen, which I mentioned several times, should be seen as the leading indicator is tested and under attack A failure to recover and hold above it would trigger further downside selling pressure, openning the door for the 32000 area (32151...