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BTC - H1 - TRIANGLE IN PROGRESS - IMPLICATIONS +/- 4763 !H1 : Recent price action is triggering a triangle formation in progress, above the clouds A BREAKOUT CONFIRMATION WOULD IMPLY A MOVE OF 4'763 PTS 1) Bullish scenario Upside breakout + 4763 would give a target @ around 47'000 2) Bearish scenario Downside breakout + 4763 would give a target @ around 35'650 Watch carefully the MBB level, currently @ 40'795, which is slightly above the triangle support line. A breakout of that level on H1 closing basis would be the first signal calling for a downside triangle breakout. Check shorter time frame to get early additional signal (s) information. Have a nice trading day All the best Take care Ironman8848
BITSTAMP:BTCUSD
by Ironman8848
4
DOGE - MULTI TIME FRAMES - AT A GLANCEM1 : Roughly at the 61.8 % Fib ret (0.3941 W1 : Weekly pivot level @ 0.4715 D1 : In an ongoing downtrend; recovery from the bottom purely corrective, Below the cluster H4 : Below the clouds and below the Mid Bollinger Band. Watch 0.4200 on the upside and 0.3700-0.3650 on the downside. A breakout of one of those levels will give the direction for the upcoming trading hours. H1 : Above the clouds, but below the former uptrend line support. Below cluster of MBB and TS Watch 0.4200 on the upside and 0.3825 on the downside on this H1 time frame M30 : Currently in a sideways price action and testing the clouds support zone The bottom of the clouds support zone also coincides with the H4 support above mentioned. M15 : Below the cluster and testing the bottom of the clouds ! M5 : Below the clouds and below the cluster CONCLUSION : GLOBAL PICTURE REMAINS HEAVY AND AS ABOVE MENTIONED RECENT PRICE ACTION SHOULD NOT BE SEEN AS A STRATEGIC TREND REVERSAL YET !! BUT ONLY AS A "NICE" CORRECTIVE MOVE IN A BROAD BEAR TREND WHICH PROVIDED EXCELLENT TACTICAL TRADING OPPORTUNITIES HAVING IN MING A TIGHT RISK MANAGEMENT APPROACH :-)
BITFINEX:DOGEUSD
by Ironman8848
1
ETH - MULTI TIME FRAMES - AT A GLANCE - WARNING !M1 : Currently traded roughly at the 38.2 % Fib ret level of 2735 W1: Weekly pivot level is @ 3'436 D1 : Yesterday's price action triggered an attempt to reenter in the former downtrend channel. Closing level was below the base of this former channel ! Watch today's closing to get more clues on this time frame H4 : Failure to recover both above the Mid Bollinger band @ 2980 and the former bottom support zone @ 3100, triggered renewal selling pressure. Watch 3'000 and 2'570 as good indicators levels for further development in the upcoming hours H1 : Above the clouds... BUT successive dojis pattern is showing some uncertainty & indecision$ around the 2900-3000 area.In addition the ongoing uptrend support line is under attack with slightly below the clouds support zone. M30 : Triangle pattern in progress. Watch for breakout : Implications : +/ - 400 pts !! M15 : Same than H1. Watch clouds support zone. M5 : Warning ! below the clouds and below the cluster of KS, MBB and TS
by Ironman8848
BTC - MULTI TIME FRAMES - AT A GLANCEM1 : Global picture is still showing a broad trend reversal with an ongoing long black candle in progress ! W1 : Currently below the weekly pivot level @ 40'550 D1 : Yesterday's flash crash triggered a very high volatility (43'000 to 30'066) then up above 40'000 with a closing level @ 36'780. Today's ongoing candle is showing a new recovery attempt. A daily closing level above 40'000 today, would be seen as a first signal of a potential recovery in opening the door for higher level, firstly towards 42'000 (MBB) ahead of the 44'000-45'000 being respectively TS and KS. H4 : Caught in a 35'000-40'000 trading range. Watch for breakout ! H1 : Ongoing recovery in progress, above the cluster but still below the clouds ! M30 : Same than H1, but above the clouds M15 : Same than M30, nearly reached the 40'000 M5 :Above the clouds, very short term indicators are showing some signs of loss of momentum... CONCLUSION : LEVELS TO WATCH ON D1 CLOSING ARE 40'000 AND 35'000 AN UPSIDE BREAKOUT OF 40'000 WOUDL PUT THE FOCUS ON 42'000 (MBB) ON INTRADAY BASIS, SUPPORT LEVELS TO WATCH AT ARE THE FOLLOWING : M15 : 38'500 M30 : 37'000 H1 : 35'500 H4 : 35'000 A FAILURE TO HOLD ABOVE THOSE LEVELS IN THEIR RESPECTIVE TIME FRAMES HOULD BE SEEN AS A WARNING SIGNAL !!!
BITSTAMP:BTCUSD
by Ironman8848
1
DOGE - AT A GLANCE - EN ROUTE FOR the 40.00 AREA...M1 : Nice reversal since the peak @ 0.7414... 61.8% Fib ret g 0.3942 W1 : Currently below the W1 pivot level @ 0.4715 Ongoing candle is showing a long black candle and a failure to recover and hold aboe 0.4715 on a W1 basis would be very negative. D1 : Ongoing downtrend, below the cluster (MBB, KS and TS) Watch at the 40.00 area as the next significant support level. H4 : Picture pretty clear, the failure of the former recovery from 0.3613 to upside breakout the clouds, triggered a new wave of selling pressure and as a result the Doge is currently traded again below the clouds which should be seen as a negative signal. H1 : Far below the clouds and below the cluster M30 : Same than H1 M15 : Very short term recovery attempt M5 : Double bottom in progress with a RSI bullish divergence. watch trigger level @ 0.4450 (also 38.2% Fib ret) for confirmation. if done DT target would be 0.4730 with intermediate targets, respectively @ 0.4580 ahead of 0.4693 (61.8 % and 78.6 % Fib ret and also clouds resistance area CONCLUSION: ONLY A SUSTAINABLE RECOVERY, ON D1 BASIS, ABOVE THE ONGOING DOWNTREND AROUND THE 50.00 AREA WOULD FORCE TO A VIEW REASSESSMENT OF THE EXPECTED BEARISH SCENARIO CALLING FOR LOWER LEVELS. WARNING, IF YOU WANT TO GO LONG (COUNTERTREND) MONITOR CLOSELY PRICE ACTION AND PUT IN PLACE TIGHT STOP LOSS ACCORDINGLY Have fun All the best Ironman8848
BITFINEX:DOGEUSD
by Ironman8848
ETH - ONGOING BEARISH PRICE ACTIONM1 : First significant support on M1 @ 2735 W1 : Currently below the weekly pivot level @ 3'436 Watch 2'950 as the next significant support level on this time frame D1 : In a ongoing downtrend channel, currently below the cluster (TS, MBB and KS) 50 % Fib ret filled for the second time, 61.8 % Fib ret @ 2'873 which coincides with the clouds support zone ! H4 : Below the clouds and below MBB. A breakout of the 3'100 area would open the door for 2'873 above mentioned. H1 : Failure to recover above the clouds (@3565) triggered another selling wave pressure Below the cluster. Only a sustainable recovery above 3500-3600 would neutralise the ongoing bearish price action M30 : Below the clouds . A recovery above the clouds in this time frame would temporary "tempered" the ongoing selling pressure M15 : Far below the clouds, same than in M30 M5 : The trend is your friend... watch the clouds CONCLUSION : THE FAILURE, ON D1 BASIS TO HOLD ABOVE THE MID BOLLINGER BAND SHOULD BE SEEN AS A VERY NEGATIVE SIGNAL AND IT IS LIKELY TO SEE FURTHER DOWNSIDE. ANY RECOVERY SHOULD BE CONSIDERED AS A CORRECTIVE MOVE IN AN ONGOING DOWNTREND AND NOT YET AS A TREND REVERSAL HAVING IN MIND A STRATEGICAL VIEW. FOR THOSE WHO WANT TO TAKE LONG EXPOSURE, I STRONGLY RECOMMAND TO USE TIGHT STOP LOSS TO PROTECT LONG EXPOSURE TAKEN COUNTERTREND !!! Have a nice trading day All the best Take care and may your long goes up and your short goes down Ironman88e8
by Ironman8848
4
BTC - 38.2% FIBONACCI RETRACEMENT @ 41575 FILLED !M1 : Ongoing trend reversal in progress. 38.2% Fib ret @ 41'575 filled. Low so far being 40'548. Next target on this time frame is @ 37'360 ahead of a very strong support @ 34'372. W1 : KS @ 40'550 hold... for the time being D1 : Failure to recover above the D1 pivot level @ 45'000 increased the expected selling pressure. Global picture is showing a primary broad bear trend with a secondary downtrend which started @ 51'500 on May 14th by a doji pattern and confirmed by the former uptrend support line ! H4 : Ongoing breakout of the 45000-42000 trading range which needs to be confirmed on the next H4 closing level. H1 : Below the clouds and below the cluster. watch the downtrend resistance line (43'000) and MBB (43500) as leading indicators in this time frame. A sustainable recovery above 43'500 would temporary neutralise the ongoing downside risk. M30 : Same than H1. In this time frame, first resistance zone is 42'000-42'200 M15 : Below the clouds and below the former support trend line @ 42'400. Watch MBB, currently @ 42450 as a first warning of a potential short term recovery. M5 : Potential double bottom in progress. Trigger @ 41'300, Target @ 42'000. Any short term recovery should still be seen as A CORRECTIVE MOVE ONLY. Upside potential pretty limited. Any long position should be protected with a tight stop loss, having in mind a countertrend tactical long exposure !!!Watch the clouds CONCLUSION : Yesterday's D1 closing level @ 42'877 confirmed the ongoing expected bearish scenario already mentioned several times and only a sustainable recovery above 45'000 first ahead of the 46'500 area (current level of the secondary downtrend resistance line) would force to a reassessment view of the expected bearish scenario calling for lower level towards the psychological support level of 40'000 ahead of 37'360 and 34'372, the latter level being a very strong support level.
BITSTAMP:BTCUSD
by Ironman8848
8
VIX - TREND REVERSAL IN PROGRESS !M1 : In an ongoing bearish downtrend channel. Watch clouds resistance (31.20) & 23.6 % Fib ret(31.90) as pivot levels on this long term time frame W1 : Below the clouds and currently attempting to recover above the Mid Bollinger Band with TS, slightly above it A weekly closing level above those 2 levels, above mentioned, would be a first warning confirmation of the trend reversal in progress. D1 : Failure a couple days ago to confirm the clouds upside breakout triggered a selling pressure which pushed down the VIX towards, both the bottom zone of the clouds support and the Mid Bollinger Band which for the time being rejected the breakout attempt. Watch the clouds as a good leading indicator. H4 : Above the clouds which rejected twice a downside breakout attempt (potential double bottom, trigger level @ 21.60. Target : 24.50, which would be above the cluster of MBB and KS and which would open the door for higher level towards the former high @ 28.90 (intermediate targets @ 25.00 (61.8% fib ret ahead of 26.70) H1 : Entering within the clouds resistance area. Currently in a sideways channel . Watch breakout on one or on the other side. M30 : Above the clouds M15 : In a uptrend price action, above the clouds M5 : Former clouds breakout, triggered a natural pullback towards the clouds which hold and triggered an ongoing upside move CONCLUSION : A SUSTAINABLE RECOVERY ABOVE THE 25.00 AREA ON A DAILY BASIS WOULD BE SEEN AS A VERY POSITIVE SIGNAL FOR FURTHER UPSIDE AND ON THE DOWNSIDE A FAILURE TO STAY AND HOLD SUSTAINABLY ABOVE THE MID BOLLINGER BAND (@ 19.20) WOULD BE SEEN AS A NEGATIVE SIGNAL CALLING FOR LOWER LEVELS
TVC:VIX
by Ironman8848
BTC - MULTI TIME FRAMES - AT A GLANCEM1 : Ongoing trend reversal in progress W1 : Currently, below the Mid Bollinger Band D1 : Below the clouds. Recovery attempt. Pivot level @ 45000 (D1 closing basis) H4 : Potential double bottom in progress ! Trigger @ 45'850 H1 : Above cluster. Double bottom trigger level (45'850), also coincides with H1 clouds resistance area M30 : Attempting to breakout the clouds resistance M15 : Above the clouds. In a slightly uptrend channel and above cluster M5 : In a sideways channel , watch the cluster ahead of clouds zone (45000-44000), as support levels. CONCLUSION : ON A DAILY BASIS, A CLOSING LEVEL ABOVE 45'000 WOULD NEUTRALISE TEMPORARY THE ONGOING DOWNSIDE RISK STILL IN PLACE,CALLING FOR LOWER LEVELS TOWARDS A RETEST OF FORMER LOW @ 42'100 AHEAD OF 34'372 AS A FURTHER TARGET. Have a nice trading day All the best Take care And, please, if you find my work valuable for you, do not forget to like it and add me in your following list for those who did not do yet :-) Thanks. Ironman8848
BITSTAMP:BTCUSD
by Ironman8848
6
BTC - AT A GLANCE - THE TREND IS YOUR FRIEND...M1: Ongoing trend reversal which has been triggered by a doji pattern, Current candle is for the time being confirming this bearish price action (long black candle). In addition, the 38.2 % Fib ret @ 45575, has nearly been reached, low so far being 42'185. Monthly closing level at the end of May will be crucial !!! W1 : Last W1 closing @ 46'444 is below the Mid Bollinger Band which should be seen as an additional warning, confirming the ongoing trend reversal. Last support barrier is @ 40'550 and a failure to hold above this level would open the door for 37'350 ahead of 34'372 !!! D1 : Breakout confirmation of the former support trend line around 49300-49000 (yesterday's price action triggered a doji pattern !) H4 : Below the cluster and below the clouds.Only a sustainable recovery above 46'000 would neutralise "temporarily" the ongoing downside risk. H1 : MBB @ 46'000 too M30 : MBB @ 44'800 M15 : Watch cluster @ 44'350 M5 : Watch the clouds ! A successfull upisde breakout of the 44'000-44'500 would be the first signal of a very short term recovery which should be seen as A CORRECTIVE MOVE ONLY and used as TACTICAL TRADING OPPORTUNITY in a BROAD BEAR TREND !!! Have a nice week All the best Take care Ironman8848
BITSTAMP:BTCUSD
by Ironman8848
6
BTC - MULTI TIME FRAMES - AT A GLANCEM1 : Ongoing trend reversal in progress. Pivot level on M1 closing @ 52'021. 38.2% Fib ret @ 41'575 ! BULLISH ABOVE BEARISH BELOW W1 : 48680 on W1 closing is VERY IMPORTANT ! D1 : 2 dojis on a row ! Ongoing candle is currently attempting to breakout the support line in green. Watch carefully at today's closing level and a failure to hold above the 49'000 area would be a first warning on this time frame ! H4 : The expected downside triangle breakout expected yesterday did not occured... Sorry guys... Nevertheless, last couple of H4 trading period is showing a 48500-51500 sideways trading range, with the MBB leading indicator, currently @ 51530. Therefore, as long as BTC stay below MBB, the trend will remain oriented to the SOUTH !! On the downside a failure to hold above the 48500 area would open the door for a new 48500-45000 trading range. H1 : Failure, yesterday, to breakout the clouds resistance triggered a new selling pressure from the intraday's peak of 51'572. Currently attempting to breakout the clouds support zone. M30 : Sideways price action within the clouds in a downtrend mode. M15 : In a downtrend move, below the clouds M5 : Below the clouds. Recovery attempt, watch the clouds CONCLUSION : BTC REMAINS A SELL ON RALLY CALLING FOR LOWER LEVELS. ONLY A SUSTAINABLE MOVE ABOVE 51'500 WOULD FORCE TO A VIEW REASSESSMENT OF THE EXPECTED BEARISH SCENARIO Have a great weekend. All the best Take care. And please, if you find my work is added a value on your trading activity, do not forget to like it and if it is not done yet, to add Ironman8848 in your following list :-) Many thanks in advance Inronman8848
BITSTAMP:BTCUSD
by Ironman8848
Nasdaq 100 E-mini-Futures - D1 - MAJOR DOUBLE TOP IN PROGRESS !M1 : Still in its ongoing uptrend channel. May closing level will give clues for June. W1 : Under the influence of a major double top formation trigger level being @ 12'207 Last week price action triggered a low of 12'915 which hold Kijun-sen level ! Nice recovery triggered by this rejection and as a result W1 closing level is above the cluster of MBB and TS.. but still below the ongoing downtrend price action which took place from the peak @ 14'071 D1 : Very thin clouds support area hold and triggered this nice recovery seen over the last 2 sessions with a closing yesterday @ 13387, which is also, roughly the level of TS @ 13367. Also below the ongoing downtrend line resistance. H4 : In a recovery mode, 50 % Fib ret @ 13'466 (KS on D1) filled, As already seen in the past the 13390-13400 is an important area as it has been a former support which now became a resistance to break ! A successful breakout of this resistance area would put the focus on the current downtrend line resistance, currently @ 13'440 ahead of 13'473 61.8% Fib ret, both levels coinciding with the H4 clouds resistance area. H1 : Breakout of the clouds triggered an upside acceleration from 13'170 to 13'427 Above KS, MBB and TS M30 : Same as H1 and TS has already been tested twice = Warning of a potential trend reversal ! M15 : Same than H1 and M30, but currently below TS = second warning M5 : Currently in the middle of a sideways/slightly downtrend channel and caught between KS and MBB. Watch the clouds support area as a good indicator; a failure to hold above the clouds would give additional warning of a potential trend reversal CONCLUSION : ON A BROAD BEAR TREND. IN ORDER TO NEUTRALISE THE ONGOING DOWNSIDE RISK WE NEED TO SEE A SUSTAINABLE RECOVERY ABOVE 13'700 ON A DAILY BASIS AND ONLY THIS WOULD FORCE TO A REASSESSMENT OF THE EXPECTED BEARISH SCENARIO CALLING FOR LOWER LEVELS. Ironman8848
CME_MINI:NQ1!Short
by Ironman8848
US GOV BONDS 10 YR YIELD - MULTI TIME FRAMES M1 : 50 % Fib Ret @ 1.8060 % nearly reached, high seen so far being 1.7740 % in March. W1 : Sideways 1.4840 % -1.7740 % trading range Currently traded below Tenkan-Sen (conversion line) D1 : Still under the influence of a former double top formation and failure to hold above the clouds is likely to trigger further downside in the coming session (s) Interesting to note that the low seen a couple days ago @ 1.4840 is roughly in the middle of the clouds support zone. H4 : Minor double top triggered at the top of 1.7050, target easily filled. More important, below TS and MBB and currently attempting to breakout the ongoing uptrend support line. H1 : Below the clouds and below the cluster of KS, MBB and TS M30 : Same than H1 M15 : Attempted twice to upside clouds breakout, without success !! M5 : Below the clouds, showing some short term recovery attempt CONCLUSION : THE 10 YEARS US IS SHOWING AN ONGOING (YIELD) DOWNTREND PRICE ACTION. ONLY A SUSTAINABLE RECOVERY ABOVE THE 1.80 % WOULD FORCE TO A VIEW REASSESEMENT OF THE EXPECTED BEARISH YIELD SCENARIO CALLING FOR LOWER LEVEL TOWARDS THE 1.40 % AREA, BEING THE DOUBLE TOP TARGET, THE BOTTOM OF THE DAILY CLOUDS AND LAST BUT NOT LEAST THE LEVEL OF THE MID BOLLINGER BAND (MBB) ON W1, WHICH SHOULD BE SEEN AS THE LEADING INDICATOR ON THIS W1 TIME FRAME. A FAILURE TO HOLD ABOVE 1.40% WOULD DIRECTLY PUT THE FOCUS ON 1.29% AHEAD OF 1.14% WEEKLY CLOUDS SUPPORT ! A SUSTAINABLE RECOVERY ABOVE 1.80% (UNEXPECTED) WOULD OPEN THE DOOR FOR THE PSYCHOLOGICAL LEVEL OF 2 % AHEAD OF 2.15% BEING THE 61.8% FIB RET AND ALSO THE MONTHLY CLOUDS RESISTANCE AREA. Ironman8848
TVC:US10YShort
by Ironman8848
BTC - H4 - TRIANGLE PATTERN IMPLICATIONS...H4 : In an ongoing downtrend price action, far away below the clouds ! In addition, there is a symmetrical triangle formation in progress on which a breakout will give the following implications : UPSIDE BREAKOUT : + 5720 , Target around 56'000 (also clouds resistance area !) DOWNSIDE BREAKOUT (expected !) : - 5720, Target around 42'500 (VERY IMPORTANT SUPPORT ZONE FYI 41575 being the 38.2% Fib ret of the big 3850-64895 rally(see long term chart M1) CONCLUSION : Taking in account recent and current price action it is likely to see a downside breakout. Therefore I would strongly suggest to monitor very closely price action in shorter time frames to get intermediate clues and detect early trading signal (s) Have a nice trading day All the best Take care Ironman8848
BITSTAMP:BTCUSD
by Ironman8848
9
BTC - AT A GLANCE - CORRECTIVE MOVE...IN A BROAD BEAR TREND !M1 : Far above the clouds ! Ongoing bearish price action, currently below the monthly pivot level @ 52021. May closing will be important for further development ! W1 : Far above the clouds too ! Support trend line of the ongoing uptrend channel has been briefly broken overnight in reaching a low so far of 45'700, also moving briefly below MBB, currently @ 48785. This level which also coincides with the bottom of the uptrend channel is the first significant support level to look at on W1 closing basis. D1 : Below the clouds !!! The breakout of the clouds triggered a downside acceleration towards a low so far of 45'700, filling on its way the double top technical target @ 46245 (see previous analysis, related idea below) H4 : Below the clouds.After this sharp decline a "normal" recovery took place and the BTC moved up towards a high of 51382 so far, already filling the 61.8% Fib ret (see H1) Next resistances to look at are @ 51860 ahead of 52'650. Following this sharp rebound, upside potential from current level looks pretty limited and shorter time frames should be watch carefully to detect early reversal signal (s) H1 : Below the clouds, 61.8 % Fib ret @ 51335 filled, below KS and MBB Watch shorter time frames for clues M30 : Slightly above MBB, but still below the important resistance level of 52000, mentioned yesterday ! M15 : Above KS, MBB and TS, currently attempting to break the clouds resistance are in this time frame. Watch carefully upcoming price action, validation of the breakout will be confirmed by a move above the 52000 previously mentioned. M5 : Currently attempting to exit on the upside the short term sideways channel. CONCLUSION : FOR THE TIME BEING RECENT AND CURRENT PRICE ACTION SHOULD BE SEEN AS A CORRECTIVE MOVE ONLY IN A ESTABLISHED BROAD BEAR TREND !!! Watch 52'000 on the upside and cluster TS,MBB and KS on the downside (51135-50965) A sustainable move above 52'000 or below 50950 will give the "temperature" for the upcoming trading hours. Have a nice trading day. All the best and take care Tks for supporting my work in liking my analyses and in adding Ironman8848 in your following list if it has not been done yet :-) Best Ironman8848
BITSTAMP:BTCUSD
by Ironman8848
8
FESX1 - DOUBLE TOP IN PROGRESS WITH BEARISH DIVERGENCE ON D1 !M1 : ATH @ 4036; Ongoing trend reversal in progress ! W1 : Bearish engulfing in progress (wait W1 closing for confirmation) TS under attack, first significant support @ 3765 ahead of 3597, 3462 and 3326 (clouds support zone in this time frame) D1 : Double top formation in progress coupled with a bearish divergence trigger level @ 3882 (which should be confirmed on D1 closing basis) A breakout of that level open the door for 3728 (DT target), which is roughly the middle of the D1 clouds support zone H4 : Below the clouds and currently below the former support trend line H1 : Below the clouds. Clearly in a downtrend pattern. It is a SELL on rally M30 : Same than H1. A sustainable move above the 3900 area would neutralise temporary the ongoing downside risk M15 : Same than H1 and M30, the trend is your friend... M5 : Same than H1, M30 and M15, watch MBB currently @ 3900 as a good barometer which will give clues for the upcoming trading hours CONCLUSION : SWITCH MODE HAS BEEN ACTIVATED FROM A BUY ON DIPS TO A SELL ON RALLY...
EUREX:FESX1!Short
by Ironman8848
DOGE - AT THE GLANCE - FROM LT TO STM1 : Volatility, volatility and volatility... W1 : Weekly pivot level @ 0.4715 D1 : Former uptrend support line broken. Pullbacks attempt without success for the time being ! H4 : Under the influence of a double top formation (trigger level @ 0.51733) and target @ 0.2932 ! Currently attempting to recover above the DT trigger level. Below the clouds and still below MBB (watch next H4 closing for clues) H1 : Currently within the clouds moving in a sideways price action in trying to upside breakout the clouds watch 0.5036, 0.5118 ahead of 0.5200 as next resistance level. Only a sustainable move above 0.5200 would neutralise the ongoing downside risk. M30 : Sideways price action, currently testing the top of the clouds support zone around 0.5000 Clouds support @ 0.4800 M15 : Sideways price action, "surfing" around the thin clouds area M5 : Sideways price action, watch clouds support on the downside and 0.5050 on the upside as first indicators level on this very short term time frame. CONCLUSION : AS LONG AS THE DOGE IS BELOW 0.5200 THE DOWNSIDE RISK WILL REMAINS CALLING FOR LOWER LEVELS !!!
BITFINEX:DOGEUSD
by Ironman8848
1
ETH - AT A GLANCE - FROM LT TO ST...M1 : One way up... W1 : Weekly pivot level @ 3'436 D1 : In an ongoing uptrend channel attempting currently to breakout on the upside this channel. Wait D1 closing today H4 : Same than D1. Next H4 closing level would already give some clues for the upcoming trading hours. H1 : Actually caught in a 4200-4350 trading range watch breakout on one or on the other side. On the upside, door open for unchartered territory... On the downside, watch current uptrend support line and Mid Bollinger Band as first support levels indicators. M30 : Potential double top formation in progress ! M15 : Same than M30 M5 : Watch cluster support TS-KS-MBB which for the time being has rejected downside breakout attempt CONCLUSION : A FAILURE TO STAY AND HOLD SUSTAINABLY ABOVE THE 4'200 LEVEL WOULD CONFIRM A TEMPORARY TOP IN PLACE, CALLING FOR A DOWNSIDE MOVE TOWARDS THE 4'000 AREA FIRST AHEAD OF MAY 10TH LOW @ 3650 WHICH IS ALSO THE CLOUDS SUPPORT ZONE ON H4 TIME FRAME !
by Ironman8848
BTC - AT A GLANCE - M1 TO M5M1 : Currently above the M1 pivot @ 52'021, low seen over the week @ 52'924 W1 : Roughly in the middle of an ongoing uptrend channel. Watch potential breakout on one or on the other side. On the downside major support to look at on W1 basis is @ 49'100 which is also, currently by the way the bottom of the clouds support area. D1 : WATCH THE CLOUDS, WHICH AGAIN AS YOU CAN SEE WORKED PERFECTLS WELL AS VERY GOOD SUPPORT AND RESISTANCE INDICATORS ! On the upside first resistance is @ 58'296 (see H4) ahead of the former double top area @ 59603, which is also the top of the clouds. On the downside, first support is @ 56'265 ahead of 55'482 H4 : Nice recovery seen recently, the 61.8 % Fib ret @ 57'271 has been filled with a high so far @ 58'021. Watch 57'245 as the first significant support level as a failure to stay and hold above it would be the first warning of a trend reversal in this time frame, calling for a move towards the clouds support zone 56'500-55'500 H1 : Above the clouds in a sideways channel price action. Former support uptrend line currently under attack ! M30 : Above the clouds, in an uptrend channel, watch 57'500 ahead of 57'025 as first significant support levels. M15 : Breakout attempt of the ongoing uptrend channel failed which triggered a bearish engulfing pattern, beeing in progress to be confirmed by a second long black candle ! (wait for M15 closing for validation or invalidation) M5 : Still above the clouds in an uptrend channel with its base support line being currently under attack. Watch M5 closing for validation or invalidation. CONCLUSION : Looks like this recent upside corrective move is over and as mentioned watch carefully price action in the very short term time frames to get clues and catch earlier signal (s) of trend reversal, either on the downside or on the upside and this depending on which time frame you are looking for !! Have a nice trading day and have fun. All the best and take care Ironman8848
BITSTAMP:BTCUSD
by Ironman8848
3
VIX - D1 - SOMETHING IS COOKING...AGAIN...M1 : Still in a broad bear trend channel, below the clouds W1 : Same than M1, but some potential recovery signal in progress D1 : In an uptrend channel, still below the clouds, yesterday's price action triggered a long white candle (which is usually a bullish signal) but needs to be confirmed of course. Looking ahead in case of a trend continuation on the upside, next significant resistance level is @ 22.50 ahead of 24.30. A sustainable move above 24.30 would be seen as a very bullish signal as at the same time that would confirm also a breakout of the clouds in this time frame. Wait for D1 closing level. H4 : Former downtrend line resistance broken, above the clouds. H1 : Inside of the clouds, attempting to exit the clouds on the upside M30 : Top of the clouds broken M15 : Same picture than M30 M5 : Above the clouds CONCLUSION : TREND REVERSAL IN PROGRESS, WATCH CAREFULLY PRICE ACTION IN STARTING FROM M5 TOWARDS D1, W1 AND M1 Good luck Have a nice trading day All the best Take care And last but not least if you find my work valuable for your trading strategy, please do not forget to like it and add Ironman8848 for those who did not do yet :-) Thanks a lot in advance Best Ironman8848
TVC:VIX
by Ironman8848
Nasdaq 100 E-mini-Futures - D1 - MAJOR DOUBLE TOP IN PROGRESS !M1 : Still, for the time being in an ongoing uptrend channel.. but long black candle in progress should be seen as a first warning signal of a trend reversal in progress which should of course be confirmed on M1 closing at the end of May. W1 : Under the influence on a major double top formation in progress with its trigger level @ 12'207; if activated target is @ 10'350 roughly the bottom of the W1 clouds support area D1 : A secondary double top has been confirmed and the target has already been reached. In addition, we can see a switch mode from bullish to bearish with a new downtrend which took place from the double peak @ 14064 ! Currently below MBB anf the cluster TS and KS Nest significant support in this time frame is around the 13'000 area. Warning have a look at the thickness of the clouds which is very thin around 13'000 = fragility !!! Below 13'000 focus will be on 13'600, low of March 25th. H4 : Below the clouds and below all MBB,KS and TS In order to neutralise the ongoing bearish pressure, we need to see a sustainable recovery, at least above 13'600/13700 (clouds resistance area !) H1 : Below the clouds. Watch MBB as indicator M30 : Below the clouds too, also watch MBB M15 : same than H1 and M30, watch also MBB M5 : Recovery, corrective attempt, facing already the clouds as first resistance area CONCLUSION : SWITCH HAS BEEN DONE FROM A BULL TREND TO A BEAR ONE. Therefore, it is not anymore a buy on dips mode but a sell on rally
CME_MINI:NQ1!Short
by Ironman8848
DOGE - AT THE GLANCE - TRADING IN THE ZONEM1 : ATH so far @ 0.741460... now roughly lost 50 % from the peak ... W1 : Weekly pivot level on W1 closing level @ 0.4715 D1 : Up 313 % in roughly 3 weeks... and down 43 % in 3 days... Former uptrend line support broken and TS too !! H4 : Double top formation in progress, coupled with bearish divergences on several technical indicators !!! Double top trigger level @ 0.517330 activated already twice; first time, failure to confirm followed by a pullback failure to recover above the clouds (doji top) and currently below the clouds. Wait for H4 closing for validation or invalidation. Global picture in this time frame is not very encouraging at all !!! H1 : Currently in an ongoing downtrend channel below the clouds M30 : Warning !! Triangle breakout in progress, Watch closely breakout on one side or on the other. Breakout implication would trigger a move of approx 0.0560 pips, which give roughly on the upside the level of the clouds resistance area and on the downside, roughly a retest of former low around the 0.4200 area. M15 : In a uptrend channel, attempting to recover above the clouds M5 : Successful upside breakout of the clouds CONCLUSION : WATCH CAREFULLY PRICE ACTION OVER THE UPCOMING VERY SHORT TERM PERIODS. That will help you to detect early recovery signal (s) Ironman8848
BITFINEX:DOGEUSD
by Ironman8848
2
ETH - AT A GLANCE - TRADING IN THE ZONE...M1 : ATH so far @ 4208... W1 : Weekly pivot level @ 3436 D1 : Yesterday's price action triggered a doji pattern = uncertainty & indecision First significant support @ 3674 ahead of more important @ 3344 H4 : Mid Bollinger in progress to be broken (wait for next H4 closing for validation or invalidation !) H1: Ongoing bearish trend still inside the clouds which has already briefly been broken a couple of hours ago. Looks like a retest of the former low @ 3650 should be seen soon. M30 : Pullback failure to recover above the clouds triggered another selling wave pressure which pushed ETH below the clouds again M15 : Same than M30, watch now the clouds as first resistance area in this time frame M5 : Same than M15, watch the clouds CONCLUSION : SWITCH FROM A BULLISH TREND TO A BEARISH ONE ! I warned you May 9th, to ; "Not to be too greedy" :-) Watch carefully ongoing price action to detect early signal of potential bullish divergences and do not forget watch the clouds and MBB as leading indicators... All the best and take care Have a nice trading day
by Ironman8848
2