Today, we are going to look at the 4 hours chart which is showing several (at least 5 !) interesting things 1) Double top in progress 2) RSI bearish divergence 3) Doji top, followed by a bearish engulfing pattern 4) Breakout of the Mid Bollinger Band 5) Lagging line cross under the Kijun-Sen and last but not least, currently the BTC is already in the middle of...
Expected rebound to 19,000 but there was an important bearish move on the long-term resistance level. If the price doesn't go beyond 19,000 there will be a huge correction on cryptos again. This index tracks the top 30 cryptos based on market cap. It's getting more and more popular as a breath indicator of the crypto market. We don't own cryptos right now...
No additionnal comnent ; this 4 hours chart speaks for itself ! Bullish above the Mid Bollinger Band and Bearish below in this H4 time frame ! (Closing basis) All the best Ironman8848 & Jean-Pierre Burki
Top of the Mornin' ! I'm still bearish, so I have ticked the Short option, but the case is a bit more complicated than that. I still don't think we have touched the bottom here. And by bottom I don't mean the price, but the supporting trend line that bounced the price every time. We almost touched it, but not yet. And I even expect a Black Swan event as an...
DAILY (D1) Yesterday's price action triggered a "DOJI" candle with its closing level, exactly at the daily clouds bottom level ! Today's ongoing price action, is for the time being, showing a potential reversal in progress , which, of course, needs to be confirmed on a daily basis closing (either by a dark cloud cover or even better by a bearish engulfing...
DAILY (D1) The "minor" 61.8% Fibonacci retracement @ 44'783 of the last downside move (52'098 "shooting stars) towards 32'950) has been filled. Above that level there is a very important area (DAILY CLOUDS) which should ultimately be broken in order to confirm further upside ! Indeed, a failure to do it would reopen the door for a downside consolidation move...
If you look at this 4 hour chart, I do not need to post any comment ...as it is pretty clear :-) "May your long goes up and your short goes down". Watch on which side the breakout will occur and act accordingly. Good luck . Ironman8848 & Jean-Pierre Burki
It is impossible to ask for more perfection to SANDbox. It has waves 1 and 2 (yellow) in place and is now at the heart of wave 3 (yellow). Wave 3 itself has 5 waves, of which wave 1 and 2 (white) have been built. Wave 3 of 3 (white) is in progress nad touched extension 1,236 and retraced to the 0,764 extension. This is textbook behavior. Now SAND is going to...
As mentioned in my last analysis, the MID BOLLINGER BAND should be seen as a VERY, VERY, VERY IMPORTANT INDICATOR for the trend ! WEEKLY (W1) Ongoing weekly candle is showing a nice recovery attempt to breakout to the upside both weekly clouds top (42'570) and the Tenkan-Sen. Weekly closing will validate or invalidate this ongoing price action !!! DAILY...
Three waves up and three waves down means two things: Triangle or Ending Diagonal. Bitcoin is clearly in the 4th wave region. If it ended already then we have wave 1 and wave 2 of an ending diagonal targeting 110K; however if Bitcoin continues in this wave 4, well, the purgatory is going to last quite some time.
DAILY (D1) The Mid Bollinger Band remains a very good indicator which I always consider as "MY BAROMETER" ! The Bitcoin failed to recover and close above the Mid Bollinger Band and as a result, yesterday's price action triggered a long black bearish candle which closed (36'923), below the Tenkan-Sen (37'398) In this daily time frame, as long as the Bitcoin...
DAILY (D1) First breakout attempt of the Mid Bollinger Band failed yesterday ! Today's price action is showing a new attempt in progress with on its way the Kijun-Sen which should also be broken on a daily closing basis ! So, in this daily time frame, the closing level later on, will tell us if the ongoing persisting downtrend is invalidated or not. Indeed,...
Its not a financial advice at all! but the way i see it here is a good point for taking long position , Enjoy!
Firstly we are going to analyse what happened last week ! Indeed, the failure to recover, at least, above the middle level of the previous candle (long black candle) confirmed that, the " BEARS " keep their advantage over the " BULLS ", at least, for the time being ! In addition, a shy weekly closing @ 37'942 slightly above the weekly clouds bottom level (@...
Bitcoin and Ethereum forming a bearish flag... traditional markets a triangle. I am open for every positive surprise.... e.g a confimed w-shape pattern - less likely. What do you think? 😎 Drop me a nice comment if you'd like me to analyze any other cryptocurrency. *not financial advice do your own research before investing
Yesterday's recovery price action, triggered on a closing basis, a "SHOOTING STAR". Indeed, after a failure to recover above the bottom of the weekly clouds and above the daily Tenkan-Sen, the BTC closed @ 36'829. Such kind of price action is, once again confirming this ongoing persisting downward pressure which is clearly showing a mode of SELL ON RALLY and...
Bearish divergence on hourly chart ! Short term trend reversal in progress Ironman8848 & Jean-Pierre Burki
Last weekly closing level @ 36'293, below the clouds and the ongoing weekly downtrend resistance line which is confirming this persisting selling ongoing selling pressure, still in a mode of "SELL ON RALLY" and not in a "Buy on dips" yet ! WEEKLY (W1) Last week price action triggered a long black candle which closed for the first time (since March 2020 !)...