Ironman8848

Ironman8848

W1 : Breakout of the $ 1’800-$ 1’780 support zone triggered, as expected and mentioned in my previous analysis, a downside acceleration towards an intra-week low of $ 1’726, in reaching roughly my technical target of $ 1’723. Currently in a downtrend channel with its resistance line @ 1’855. Interesting to note the thickness of the weekly clouds which is becoming...

Ironman8848

Briefly through 4 time frames (W1,D1,H4 and H1) W1 :Bearish engulfing pattern triggered last week ! D1 :Daily Tenkan-Sen @ $ 104.57 (bullish above, bearish below on the Daily time frame). H4 :Recovery move in the 4 hours time frame (clouds resistance area $ 108 - $ 109. H1 :On intra-day, one hour basis, the Crude is supported by the cluster of TS, KS and MA21...

Ironman8848

WEEKLY (W1) Potential double bottom in progress below $ 1'800 ? The level of $ 1'780 is very important as it could be seen in the past and more over the thickness of the weekly clouds is currently very thin = very fragile. A failure to recover sustainably above the $ 1'800 area and close above it on a weekly basis would be the first signal calling for further...

Ironman8848

WEEKLY (W1) Status quo, weekly closing level roughly the same than the previous week ! Still caught between the Kijun-Sen (Conversion Line) in support @ $ 102.39 and the Tenkan-Sen (Base Line) in resistance @ $ 110.94. The $ 114.10 level, mentioned in my last analysis of June 26th, has not been broken, highest level reached intraweek being $ 114.05. Last...

Ironman8848

WEEKLY (W1) The 61.8% Fibonacci retracement @ $ 104.68 mentioned in my previous analysis has been filled with an intra-week low @ $ 101.53, which is the level of the Kijun-Sen or Base line and which worked, so far, perfectly well in rejecting the breakout attempt. The Crude Oil futures is caught between the Kijun-Sen (KS) in support @ 101.54 and the...

Ironman8848

DAILY (D1) The RISING WEDGE is still in progress. Actually the BTC Is trying to upside breakout the Tenkan-Sen which is the first minimum and significative level above which the BTC should close on a daily basis (20'275). The LAGGING LINE and the RSI are currently confirming this uncertainty and indecision in showing a sideways move. Two breakout of the...

Ironman8848

Good morning, let me just inform you that from a couple of days, i do not publish my technical analysis in the English version of Trading View but in the French version. (see related ideas below) DAILY Bitcoin incapacity toe recover and close above the resistance zone around 31'000 (intraday high reached yesterday @ 30'725) triggered a "DARK CLOUD COVER"...

Ironman8848

DAILY A perfect example of a BULL TRA P triggered by yesterday’s price action; indeed, after the impressive rally seen before yesterday, the « BULLS » lost control and as mentioned in my yesterday’s analysis published in French, the BEARISH trend was still alive as the KIJUN-SEN Had been not broken yet and which has been confirmed by the long black candle ...

Ironman8848

Once again, the magical Fibonacci retracement occured... Indeed, yesterday, the BTC filled its 50% Fibonacci retracement @ 40'340 (which is also by the way the KS and the 21 DMA ! (intraday being slightly higher @ 40'387) Currently in a SYMETRICAL TRIANGLE IN PROGRESS . BREAKOUT IMPLICATIONS COULD TRIGGER A MOVE OF + / - 3'099 pts !!! TARGETING RESPECTIVELY...

Ironman8848 Updated 

DAILY Yesterday's price action filled for a couple of points to make a "PIERCING LINE" (following the RSI bullish divergence detected and mentioned in my previous analysis yesterday I mentioned the level of 39'295 which was the minimum point to reach to confirm this "minor" reversal pattern which, to be cleat a white candle, in order to be validate should close...

Ironman8848

Yesterday's price action (long black candle - BEARISH ENGULFING !) which pushed sharply down the BTC towards a low of 37'701 (nearly filling the TRIANGLE TARGET @ 37'581), triggered a BULLISH DIVERGENCE... Therefore, on short term and it'is exactly what is going on, a recovery should take place; nevertheless and in order to confirm a TACTICAL REVERSAL, the BTC...

Ironman8848

VERY S HORT TERM ANALYSIS (HOURLY) Today, we are going to look carefulLy what happened after the validation of the RSI bullish divergence coupled with the double top formation which i mentioned yesterday morning in my previous analysis as a warning ... (see related idea below) So as you can see, after this validation signal the BTC moved quickly up in a new...

Ironman8848

WEEKLY Last weekly closing triggered an inversed hammer pattern which could be interpreted as a potential trend reversal; however, it is important to note that the weekly closing is now under the weekly clouds area which means a persisting downside risk bias, stil alive... RSI below 50, @ 43.70 LAGGING LINE is still in the bottom part of the weekly clouds...

Ironman8848

WEEKLY Currently below the clouds and as I had already mentioned in my previous analysis, a weekly closing below 40’118 would add more selling pressure. RSI below 50, @ 44.31 LAGGING LINE au milieu de la zone des nuages. Levels to watch in a weekly basis, are the following : UPSIDE : 41’279 - 42’690 DOWNSIDE : 38’547 - 36’500 DAILY Currently trying to...

Ironman8848

WEEKLY (W1) Ongoing price action is for the time being not very encouraging ; indeed, after having briefly tested the resistance ton @ 42’680, the Bitcoin reversed sharply and came back below the weekly clouds support area. The level of the next weekly closing will be very important to look at as, a closing confirmation below 40’118 would be seen as a negative...

Ironman8848

DAILY (D1) Yesterday's price action has been a perfect school case about the POWERFUL ICHIMOKU CLOUDS; indeed, if you look at the yesterday's price action, the picture does not need additional comment... Well, to very quickly resume the situation, the BTC is, after having nearly crossing over the top of the clouds, the BTC corrected sharply downwards, with its...

Ironman8848

DAILY (D1) Yesterday's price action triggered a DOJI pattern; indeed after having opened @ 41'476, briefly broken the former TRIANGLE BREAKOUT LEVEL @ 41'100 (low being 40'893, the BTC managed to recover in making a closing @ 41'375, confirming the still alive triangle target @ 43'400, As long as the BTC stays and hold on a daily closing above 41'000, the...

Ironman8848

DAILY (D1) Yesterday's price action triggered a second long white candle in a row, which broke on a closing basis (41'505) the upside triangle trigger level @ 41'115 which should, potentially activate the triangle technical target, calling for a move towards 43'400 , which is also, by the way, projected in the next days the top of the daily clouds resistance...