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Ironman8848

BTC - AT A GLANCE - WATCH THE CLOUDS !D1 : Failure to stay and hold above the clouds = First warning ! H4 : Rising wedge formation in progress, ongoing perfect school case Breakout followed by a nice decline towards a low of 56256, then pullback towards 59603 and failure to get inside the rising wedge, then a first long black candle which is currently followed by a second one (in progress, wait H4 closing for confirmation !) Rising wedge target @ 53'880 Mid Bollinger Band under attack, watch Kijun-Sen as the last support b4 the former low of 56'256 which is also the trigger of a double top formation in progress (see H1 comment) H1 : Double top formation in progress, clouds support are under attack, double top trigger level @ 56256. A breakout confirmed of this level would give a target of 52'909 M30: Downside breakout of a former downtrend channel with clouds support under attack too M15 : Under the former downtrend channel and already below the clouds !!! M5 : Below the clouds and below the former downtrend channel too. CONCLUSION : Watch carefully any recovery signal (s) which will be given to you, in starting your screening from M5, then confirm by M15, M30, H1 and H4 And last but not least : WATCH THE CLOUDS AND MID BOLLINGER BAND IN EACH TIME FRAME !!! Good luck all the best Ironman8848
BITSTAMP:BTCUSD
by Ironman8848
ETH - AT A GLANCE - TRADING IN DIFFERENT TIME FRAMES !D1 : Above the clouds. In an ongoing uptrend channel. Bullish inside and upside breakout Warning downside breakout = potential trend reversal Watch also TS (conversion line) as one of the first signal for a reversal ! H4 : Above the clouds.Currently attempting to upside breakout the ongoing uptrend channel Watch also TS and the middle of the uptrend channel as warning for a corrective move towards the bottom of the channel H1 : Above the clouds.Also in its uptrend channel watch the same as for H4 M30 : Above the clouds. watch the same as for H1 M15 : Above the clouds, first warning of losing some momentum, TS already tested twice and currently in the middle of the uptrend channel M15 : Very short term observation is showing a switch from an uptrend to a sideways(slighthly down) trend channel. Watch Mid Bollinger Band and KS as first support ahead of the channel bottom and the M5 clouds support zone. CONCLUSION : Trade in the zone and analyse very carefully price action in starting from M5 towards D1. Have nice week, all the best and take care Ironman8848
by Ironman8848
ETH - AT A GLANCE - DON'T BE TO GREEDY !D1 : Finally breakout occured on the upside but following the yesterday's sharp upside move there is a clear lack of follow through which is the first warning sign in this time frame H4 : After 3 white candles in a row, a black candle took place, second warning. H1 : A potential double top is taking place with its trigger level @ 3'815, already been tested once, third warning. M30: Same picture than H1, in addition MBB has also having been tested twice, fourth warning. M15 : Same picture than H1 and M30, MBB under attack and top of the clouds already tested once, fifth warning M15 : Watch the clouds carefully an check indicators too ! CONCLUSION : Don't be too greedy, watch closely upcoming price action (recovery attempt towards ATH) and check indicators to detect potential bearish divergence (s), and either take profit and reverse, in placing tight a stop loss above ATH. Another alternative would be to take profit on partial exposure and this will depend from which level you are long...
by Ironman8848
2
BTC - AT A GLANCE - TRADING IN THE ZONED1 : In an ongoing uptrend channel... but clouds have not been clearly broken on a D1 closing basis. Watch D1 closing this evening. H4 : Above the clouds and rising wedge pattern in progress (usually bearish !) Watch both side for a breakout. Implication PLUS/MINUS 4'845 points from the breakout level ! H1 : Above the clouds and still, for the time being inside of the ongoing uptrend channel, below TS and MBB watch KS and bottom of the uptrend channel support line and middle level of the channel for clues. M30 : Roughly in the middle range of a slightly sideways-up trend channel currently testing the clouds top support zone M15 : Same than M30 but testing the bottom of the clouds M5 : Below the clouds and in a very short term downtrend channel watch breakout of the channel for very short term clues Ironman8848
BITSTAMP:BTCUSD
by Ironman8848
DOGE - AT THE GLANCE - TRADING IN THE ZONED1 : Pivot level on D1 closing basis is @ 0.6370 H4 : Under the influence of a potential double top formation, trigger @ 0.517330 H1 : Watch the clouds support zone ! M30 : Below the clouds and in a triangle formation in progress, watch breakout ! M15 : Same than M30 + watch the clouds resistance area around 0.6600 M15 : Breakout attempt of both clouds and very short term uptrend line support CONCLUSION : As already said, this is on ongoing screening process from long to very short term and then to very short to long term and of course you should adapt your trading plan accordingly and this, in always having in mind : "What is my time frame ?" As you can see for the doge in watching the same chart in 6 different time frames you can see several trends... Have a nice Sunday, have fun, take care and all the best to all of you Ironman8848
BITFINEX:DOGEUSD
by Ironman8848
DOGE - ICHIMOKU - AT A GLANCE !Hello to all my followers and to the others :-) Hope you are well ? Many thanks in advance to Musk who help "slightly" the Doge to reach a new ATH a couple of minutes ago @ 0.7414... Please let me just remember, an old adage that I particularLy like : "BUY THE NEWS AND SELL THE FACT" We'll see later on, if the story will repeat again... In the meantime, I would like to share with you, something very interesting, which could be very helpful for you : It normally pays to look at a chart time frame either side of the chart you are studying for the longer term and shorter term. Looking at several charts on one screen can give you the full picture at a glance. CONCLUSION : Watch the clouds and MBB :-) Have a nice trading day, in a very volatile and turbulent market and do not forget to fasten your seat belt ! All the best, have fun and take care. Ironman8848
BITFINEX:DOGEUSD
by Ironman8848
6
BTC - D1 - IN THE CLOUDS IN A DOWNTREND CHANNELD1 : In a downtrend channel, in the clouds and still above Mid Bollinger Band. Currently caught between Tenkan-Sen (55690) and Kijun-Sen (55950)which should be seen as the cluster area in this time frame. 2 IMPORTANT LEVELS TO WATCH AT, WHICH ARE : On the upside : 57'070 On the downside : 54'725 A breakout of one of those levels would indicate a new trading range in D1, calling respectively for : UP : 57'070-59'000 DOWN : 54'725-52400 Watch H4 for clues in order to get intermediate signal (s)
BITSTAMP:BTCUSD
by Ironman8848
DOGE - H1/H4/D1 - TRIANGLE BREAKOU CONFIRMED !H1 : Ongoing bearish price action, confirmed by a breakout of the clouds H4 : Triangle breakout confirmed. Target 0.4348. Intermediate targets being : T1 : 0.4980 T2 : 0.4372 D1 : Yesterday,s closing @ 0.5818 which was below the pivot level of 0.5965 triggered a Dark cloud cover pattern (warning mentioned yesterday !) In addition, the ongoing D1 price action, long black candle, is for the time being confirming an ongoing selling pressure. As for H4 the next significant support area to watch at is @ 0.4980, which is both the 38.2% Fib ret of the 0.1795-0.6950 rally) and the current support uptrend line. A failure to hold and stay above that level would add more selling pressure in opening the door for the triangle technical target above mentioned. CONCLUSION : Watch all time frames on a ongoing screening process, starting from M5 in order to get early signal (s) of a trend reversal. Ironman8848
BITFINEX:DOGEUSD
by Ironman8848
3
DOGE - M5/M15/M30 - TRADING IN THE ZONE !M5 : After having reached an intraday low of 0,517330, a "very" short term bullish divergence took place, which has been confirmed by a bullish engulfing pattern. Failure to breakout the Mid Bollinger Band (MBB) and to reenter in the former downtrend channel, triggered a downside move again in the direction of the former low above mentioned @ 0.517330. (Potential double bottom pattern !) Watch carefully price action in the upcoming M5 period (s) which would validate or invalidate this potential double bottom !! A confirmation of this pattern would put the focus on the trigger level of this formation @ 0.5475, which is also the level of MBB and the level of the bottom line of the former downtrend channel... Such kind of price action would put the focus on 0.5538, 0.515651 ahead of 0.5764 which would still be a corrective move only , the latter level mentioned being still below the clouds. M15 : Recovery failure to reenter in the broad sideways channel with just aboe its first resistance (TS). Watch carefully upcoming price action which would validate or invalidate the sideways channel breakout M30 : Roughly in the middle of a ongoing downtrend channel and below the clouds CONCLUSION : It is an ongoing screening process, watch carefully at each time frames from M5 to M30 to get clues. Analysis on longer time frames will follow soon. Have a nice trading day All the best Take care Ironman8848
BITFINEX:DOGEUSD
by Ironman8848
DOGE - H4 - TRIANGLE PATTERN IMPLICATIONS !H4 : A triangle pattern is very close to breakout ! IMPLICATIONS : A downside breakout (likely) open the door for a target of 0.4348 (50 % Fib retracement of the big rally) While an upside breakout would open the door for 0.8077 Taking in account the ongoing bearish price action it is likely to see a downside breakout. Warning on indicator (cross under in progress !) Wait for confirmation on H4 closing to see at which level we will be. Then watch H1 and shorter time frames for validation of this expected bearish scenario and managed your RR accordingly ! Ironman8848
BITFINEX:DOGEUSD
by Ironman8848
DOGE - H1/H4/D1 - AT A GLANCEH1: Triangle pattern, downside breakout attempt, below MBB Watch 0.6216 and 0.6137 A failure to stay above those levels on H1 closing basis would trigger further downside H4 : Sideways channel 0.534290-0.6950. Congestion zone top resistance and Doji @ 0.6600 To neutralise the ongoing downside risk, Doge needs to recover and hold above 0.6600 On the downside watch 0.6050 as the first significant support on H4. (closing basis) D1 : Three long white candles in a row (from 0.3300 to 0.6950 !) A reversal pattern is in progress Pivot level to watch on D1 (closing basis) is @ 0.5965 A failure to stay and hold above that level at the end of the day would trigger a dark cloud cover (bearish signal !) CONCLUSION : Screen the market from long to short term and to short to long term. The purpose of those 2 analysis was to show you, at a glance a global situation overview in highlighting the importance of the time frame you are looking for and insist in this high volatility seen in the cryptos market that it is crucial to manage your Risk Reward Ratio accordingly and this depending on your targets within your time frames (M5 being not the same than D1 !) Have a nice day. All the best to everybody Have fun and take care And please, if you like my work and you find it is valuable for you, do not forget to like it and if not done yet to add Ironman8848 to your following list :-) Thank you Ironman8848
BITFINEX:DOGEUSD
by Ironman8848
6
BTC - M15/M5 - POTENTIAL INVERSED HEAD AND SHOULDER FORMATION ?M15 : There is a potential inversed Head and Shoulder formation in progress, neckline being @ around 56'000 ! Nevertheless, the recent recovery, which is expected to be only corrective, for the time being, reached nearly the 78.6% Fib ret @ 55135 (high being 55'104) So, from current level, I would suggest to watch carefully the ongoing H1 period and wait for the closing level which would give more clues. Watch action around Mid Bollinger Band (54700) which give good indication about the direction. M5 : Breakout attempt of the clouds resistance in progress but not on a very strong way... Watch Mid Bollinger band as a good barometer (54'600) For those who trade in very short term time frames I strongly suggest to monitor M5 very closely in order to catch early signal (s) which should be confirmed by M15 and H1 all the best Take care Ironman8848
BITSTAMP:BTCUSD
by Ironman8848
2
DOGE - H1/M15 - TREND REVERSAL IN PROGRESS...H1 : Bearish divergences triggered a trend reversal . S1 : 0.6280 S2 : 0.6071 S3 : 0.5863 Mid Bollinger Band @ 0.5892 (VERY IMPORTANT SUPPORT !!!) On the upside watch downtrend line resistance on M15 M15 : Mid Bollinger Band, Tenkan-Sen have already been broken, Kijun-Sen is under attack ! Therefore, watch carefully M15 ongoing closing period as a failure to stay and hold above 0.6367 would confirm a top in place calling for lower levels. CONCLUSION : Due to very high volatility, adapt your trading plan accordingly in respecting Risk Reward Ratio with discipline !!!
BITFINEX:DOGEUSD
by Ironman8848
6
BTC - D1/H4 - CORRECTIVE MOVE ONLY. SELL RALLIESD1 : Yesterday's price action triggered a long black candle (very bearish !) Ongoing today's price action is showing a recovery attempt which unfortunately for the bulls should not be seen as a trend reversal yet, but only as a CORRECTIVE MOVE ONLY, in a established new BEAR TREND ! Indeed, BTC crossed under Mid Bollinger Band and is currently traded in the lower part of the clouds support zone. IN ORDER, AT LEAST TO NEUTRALISE THE ONGOING DOWNSIDE RISK, BTC SHOULD RECOVER AND HOLD ABOVE 56'400 ON A DAILY CLOSING BASIS ! H4 : As for D1, recent recovery is purely corrective and the breakout of the clouds top, has been, so far rejected. In addition, the former low, on this time frame did not confirm a bullish divergence, which is also a confirmation of a corrective price action only and not a trend reversal yet. In this time frame, a sustainable upside breakout of the clouds would neutralise a little bit the ongoing downside risk calling for a retest of the former low ahead of the important level of the bottom of the clouds zone (around 52'700) and the 61.8% Fib ret of the 47004-59'000 rally @ 51'586. CONCLUSION : Strategically speaking, we are in a SELL ON RALLY MODE and not yet in a buy on dips mode. If you "play" the countertrend, you have to be very disciplinated in adopting a Risk Reward ratio in relation with the time frame in which you will trade :-) Do not forget : "What is your time frame ?" Have a great trading day, All the best and take care "May your long goes up and your short goes down" And last but not least, if you find my work is adding value on your trading activity, please do not forget to like my ideas and if it is done yet you also can add Ironman8848 in your following list. You can also talk about me to your friends :-). Thank you.
BITSTAMP:BTCUSD
by Ironman8848
6
BTC - H1/M15 - DOUBLE TOP @ 53'128 REACHED !H1 : Double top target filled @ 53'128, low being @ 52'925. Following this decline, a bullish divergence took place which has been confirmed by the next candle by a BULLISH ENGULFING; recent price action is showing also a potential reversal pattern (double bottom) which triggered a sharp rebound, crossing over the double bottom trigger level @ 54'883. Last candle closed @ 55'203 and a closing of the ongoing candle above that level would give a second positive sign of this double bottom pattern in opening the door for a target of 56'824... which coincides currently with the top of the clouds resistance area !!! Watch also Mid Bollinger Band which has been also crossed over. A failure to stay sustainably above 54'883 would invalidate this potential double bottom pattern. Watch M15 for clues M15 : 61.8 % Fib retracement @ 55'241 has been filled, high seen so far being 55'450 ! Watch the clouds, as for the time being, the upside breakout is not convincing enough yet. Watch also Tenkan-Sen (55'018) as a very short term indicator, as a failure to stay and hold sustainably would also warning of a reversal. Watch M5 for clues
BITSTAMP:BTCUSD
by Ironman8848
2
BTC D1 - RISING WEDGE BREAKOUT IMPLICATIONS !D1: Rising wedge downside breakout in progress ! As mentioned yesterday RSI/Sto indicators was showing a potential cross under price action which is currently on a ongoing progress. In addition, yesterday's price action triggered a double top formation @ 59'000, trigger level being @ 56'064, which gives a target @ 53'128 Moreover, Mid Bollinger Band @ 55'589 is under heavy attack, RISING WEDGE BREAKOUT IMPLICATIONS : This breakout is opening the door for a move of 7'400 points, targeting 49'575 and will be confirmed by a closing today below the base of this rising wedge. In the meantime, a pullback can not be ruled out as, usually after a breakout, there is a natural return towards the breakout level and this on both sides, either for an upside breakout (pullback in the direction of the former resistance level) or for a downside breakout as it is the case now (pullback in the direction of the former support level) Such kind of price action, if seen, should be used as a SELL opportunity in managing Risk Management accordingly ! SUPPORTS & RESISTANCES S1 : 54'417 S2 : 53'128 (Double top target) S3 : 53'002 S4 : 51'586 S5 : 49'575 (rising wedge target) RESISTANCES R1 : 56'625 R2 : 58'000 R3 : 59'000 R4 : 61'066 CONCLUSION : As already mentioned we are not any more on a mode of buy on dips but on a SELL ON RALLY MODE !!! Watch shorter time frames for clues Have a nice trading day. All the best and take care Ironman8848
BITSTAMP:BTCUSD
by Ironman8848
12
BTC - DOUBLE TOP TARGET @ 53'128... RECOVERY ATTEMPT !H4 : Double top formation in progress with a first breakout of the trigger level @ 56'064. Following this breakout, a downside acceleration took place which triggered a move towards an intraday low so far @ 54'653. Then, an usual and natural pullback attempt took place towards the DT trigger level Current H4 closing level will give clues for the upcoming trading hours. A failure to recover and hold sustainably above 56'064 would add further selling pressure calling for a retest of former low ahead of the DT target. A successful sustainable recovery above 56'064 would put the focus on 56'500 (former congestion support zone) ahead of 56'825. MID BOLLINGER BAND @ 57'350 BEING THE KEY PIVOT LEVEL TO WATCH ON THIS TIME FRAME ! Watch H1 and M15 to get intermediate clues. Ironman8848
BITSTAMP:BTCUSD
by Ironman8848
3
Nasdaq 100 E-mini-Futures - D1 - MAJOR DOUBLE TOP IN PROGRESS !D1 : Under the influence of a major double top formation in progress which has been triggered by bearish divergence detected on several indicators and confirmed by a breakout of the Mid Bollinger Band. Inside this major top formation, there is a secondary double top formation which has been activated today, following the downside move observed so far. The technical target of this secondary DT (13'336) has nearly been filled, low so far being 13'380 ! Both Kijun-Sen and ongoing D+ support trend line are under attack. A failure to hold above 13'350 on a D1 closing basis, would open the door for lower levels, calling for : S1 : 13'135 S2 :12'916 Clouds support zone (13'050-12'850) should be seen as the PIVOT AREA to watch at very carefully ! H4 : 13'336, double top target should be filled soon, indicatoars are still pointing to the South and are not showing any recovery signs yet ! Watch shorter time frames H1 and M15 to get clues Ironman8848
CME_MINI:NQ1!Short
by Ironman8848
BTC - H1/M15 - LOSING MOMENTUM...H1 : Strong recovery seen overnight from 56'250 towards 58'315 which has been triggered by the breakout of the cluster (TS/MBB) around 56'800. It looks like BTC is losing momentum as shown over the last couple of candles, with a doji, at the top for the time being. M15 : Picture even clearer, the breakout of the cluster (TS/MBB/KS/Clouds) triggered an upside acceleration (green arrow !) towards the high of 58'315 previously mentioned. From that level a triangle pattern took place and trigger a reversal move. Levels to watch on M15 : DOWNSIDE : S1 : 57'827 S2 : 57'720 (IMPORTANT !) S3 : 57'525 S4 : 57282 UPSIDE : R1 : 58'034 R2 : 58'315 R3 : 58'549 R4 : 60'000 Watch M5 to get very short term clues Ironman8848
BITSTAMP:BTCUSD
by Ironman8848