H4 : After the strong triangle breakout and as expected BTC lost momentum and last candle triggered a bearish engulfing pattern. For the time being, the first support (Tenkan-Sen) hold; nevertheless, technical indicators are switching from the sideways to the downside which may be the first signal (s) of a short term trend reversal. A...
D1 : Another long white bullish candle has been triggered yesterday; today's ongoing price action is showing, for the time being another kind of picture. Indeed, after having, on one hand filled the Fibonacci retracement extension (78.6% @ 55072) and even pushing higher to an intraday high of 55855, BTC has been rejected by the former primary...
D1 : Recent recovery seen over the last couple of days is triggering a potential double top formation in progress. (trigger level to confirm this pattern @ 1.3860 and target 1.1890 which is also currently the level of the trend support line which started in August 2020 and also to some extend the clouds support area. RSI is also showing a...
H4 : Within the broadening wedge formation a triangle formation is is progress ! Scenario A : Upside breakout would open the door for the 58000 area or retest of former high. A failure to hold above TS @ 50575 ahead of MBB @ 49554 would invalidate the upside potential breakout and put the focus on the following scenario. Do not rule out also a potential BULL TRAP...
H1 : Bearish divergence (RSI) triggered a short term reversal, pushing down the BTC in the former uptrend channel. Currently below TS, MBB and KS. Watch clouds as the next significant support area On the upside, in order to neutralise the ongoing short term bearish price action, BTC should quickly recover above the cluster of KS, MBB...
D1 : Yesterday's long bullish white candle triggered a closing level above the Mid Bollinger Band which should be seen as a first positive signal for an upside continuation price action. Nevertheless, I would suggest to remain extremely cautious following this "shy" upside breakout of both, MBB and channel downtrend line resistance. ...
H4 : Recent recovery from the bottom of the clouds which worked perfectly well as a support area, we can see now a breakout attempt of the top of the H4 clouds in progress ! Important to note that, not only the top of the clouds are under attack but also the Kijun-Sen (Base line). Therefore, closing level of the ongoing H4 price action will...
D1 : Still in a broad bearish channel and below the Mid Bollinger Band. Yesterday's price action triggered a doji ("hanging man" or "dragonfly", confirmation will be given on D1 closing) ! Globally, as long as BTC does not breakout the downdrend channel first and does not move and hold above MBB and Kijun-Sen (Base line), price action...
H4 : Currently in the middle of the clouds and below the Mid Bollinger Band and Kijun-Sen ! As mentioned earlier in my D1 analysis, the H4 clouds support zone, so far, worked perfectly well in rejecting 5 times breakout attempts... Current price action is showing a sideways move between Tenkan-Sen level on the downside and MBB &...
D1 : Mid Bollinger Band remains "THE" leading indicator. Indeed, after having closed, before yesterday above MBB, the failure, yesterday to confirm it, triggered a new selling pressure and as a result, the previous bullish candle has been neutralized by a bearish engulfing pattern yesterday which close below MBB; Today's ongoing candle is...
D1 : Strong upside move towards an intraday high of 52652 seen yesterday with a closing level slightly above MBB. Today's price action is currently below the psychological level of 50000. Once again, today's closing will be important for the coming session (s) H4 : Failure to hold above the clouds resistance, triggered a new selling...
The $51684.9 level is a strong S/R line because this corresponds to a Kijun Sen flat line and Senkou Span B flat line. We can see that the current 4-Hour japanese candlestick has its high that corresponds to this $51684.9 value. In an uptrend scenario, the keylevels to watch are : $51684 $52679 $53668 The price might go down to $50004 (H3 Tenkan sen flat line +...
H1 : 61.8% Fibonacci retracement filled @ 49201 (intraday low so far @ 49000) Last candle (bullish engulfing) might trigger a recovery In order to invalidate the ongoing bearish price action, BTC needs to recover above MBB currently @ 50784 and also above the downtrend line resistance. On the downside, clouds zone should be watch as the...
D1 : Very strong price action occurred yesterday by one of the longest white candle (BULLISH ENGULFING) seen so far (Opening 45262 / Closing 49629 + 4367 / + 9.64 %), similar to the one seen on Feb 19th (Opening 51560 / Closing 55989 + 4429 / + 8.59 %). Today's price action triggered an intraday high so far @ 50250 which is roughly the level of...
H4 : Last candle triggered also a Doji pattern which is showing somme uncertainty and indecision in making a pause in this ongoing bearish price action. As a result, we can see now a new recovery attempt which will face a first resistance -@ 46074 (TS) ahead of MBB (47213) which is also currently the top of the downtrend channel. ...
H4 : Recent price action triggered a doji pattern (indecision and uncertainty), with its intra H4 low testing Tenkan-Sen. It is currently traded below the middle of the short term uptrend channel. Continue to watch Tenkan-Sen as a first support and then bottom of the channel; lower focus will be on former low @ 44151 ahead of 43577 (50% Fib...
H4 : Currently in a sideways-slightly up trading channel.. but still below both KS and MBB ! As mentioned in my previous analysis (see D1), recent and current price action should still be seen as CORRECTIVE MOVE ONLY and not as a trend reversal yet ! First significant support remains Tenkan-Sen ahead of the bottom line of the channel. ...
H4 : After three successive failures to breakout the Mid Bollinger Band, current ongoing candle is trying again to upside breakout MBB. Important to note that MBB coincides also roughly with the secondary downtrend line resistance. Therefore, a breakout of that area, on a closing period basis, would be the first positive signal for ...