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...
WEEKLY (W1) Upcoming weekly closing may or may not give more clues for next week price action... Indeed, THE BOTTOM OF THE CLOUDS ZONE SUPPORT has been, during this week, briefly broken but, so far, the BTC managed to hold in the clouds; therefore, as you can easily imagine, a WEEKLY CLOSING, below the bottom of the clouds @ 39'885 would, once again, be...
Looking at the DAILY picture, we can see a TRIANGLE PATTERN IN PROGRESS, with the breakout levels , currently and respectively : @ 41'320 on the upside and @ 39'574 on the downside I MPLICATIONS ON A DAILY BASIS CLOSING LEVEL : upside breakout : TARGET @ 43'659 (currently the Mid Bollinger Band and the Kijun-Sen) downside breakout out : TARGET @...
DAILY (D1) As expected, the failure to stay and hold above both MID BOLLINGER BAND and the top of the TRIANGLE PATTERN, triggered a downside acceleration towards the next support (42'900) mentioned in my yesterday's analysis in making an intraday low early in the morning @ 42'741. The 50% Fibonacci retracement @ 42'900 of the 37'567-48'234 rally has been...
DAILY (D1) Under heavy selling pressure very close to the MID BOLLINGER BAND SUPORT LEVEL @ 14'415 !!! [ A daily closing below this level would open the door for lower levels towards the next very important support @ 14'105 which is the KIJUN-SEN. RSI below 49.24 LAGGING LINE moved sharply down after the failure to cross over the daily clouds.. but still...
DAILY (D1) The yesterday's failure to hold above both ongoing uptrend support line and the TENKAN-SEN triggered a downside move which pushed the BTC towards a low so far @ 44'419, having tested during the night both the MID BOLLINGER BAND support and the former downtrend line (top of the triangle pattern !) Ongoing today's price action will be important and...
WEEKLY (W1) The weekly picture is showing a BREAKOUT ATTEMPT to cross over the top of the WEEKLY CLOUDS resistance area @ 47'407- Wait for either VALIDATION or I NVALIDATION by the ongoing weekly closing level. DAILY (D1) Sideways price action caught in a relatively narrow trading range which is showing some uncertainty and indecision about further...
Sharp recovery seen yesterday-long white candle, (intraday high @ 43'337) with a daily closing @ 42'393. So what next ? Watch and monitor carefully ongoing price action and especially today's closing level ! Indeed, a failure to close above 41'705 (middle level of yesterday's long white bullish candle) would trigger a DARK CLOUD COVER (potential reversal...
DAILY (D1 ) Yesterday's price action triggered a LONG WHITE CANDLE which intraday broke briefly the top of the DAILY CLOUDS RESISTANCE AREA (@ 42'524) but failed to hold and more important to close above it ! Today's ongoing price action is, currently showing the level of the BITCOIN, below the bottom of the daily clouds and below the TENKAN-SEN (41'250) too,...
Hello people, doing some late night research for the week ahead for trading. I found this (almost perfect) head and shoulders pattern on the 4h timeframe on the UK100GBP chart. Head and shoulders pattern is a reversal pattern so we could be seeing more bearish movement this week. Theres also some Ichimoku cloud bearish signals which some are RED cloud, Conversion...
WEEKLY (W1) In a broading sideways price action (1677-1919) and under the influence of a DOUBLE BOTTOM IN PROGRESS ( see related ideas below) Currently above the clouds with a Lagging line above the clouds too ! Global weekly picture is positive, calling for a test of the former high @ 1'919 which should be seen as a KEY PIVOT LEVEL for the next...
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...
As expected, yesterday's small recovery has been short lived !!! Indeed, RSI bearish divergence on H1, triggered a corrective move only, pushing up the BTCUSD towards an intraday high of 57'882, missing to breakout the clouds resistance area on this time frame... (magical clouds :-)...) In addition, recent price action triggered an other bearish signal : the...
Volatility seen yesterday inside the triangle pattern; indeed after having been under selling pressure, test of the triangle support line, which finally hold and trigger a nice rebound, in breaking on the upside in reaching a high so far of 14'905, filling on its way up the 50% Fibonacci retracenent @ 14'883 of the former leg down from 15'399 to 14'367. The...
Despite a second consecutive daily closing above the clouds (around 3'500),(high @ 3632), the ETHUSD is still showing some uncertainty about further development as you can see the recent and current price action on this daily chart. Indeed, as I already mentioned yesterday, we still need to see, a "real" breakout confirmation, which, for the time being, it is...
Looking at the daily picture, after having broke down the clouds, the Nasdaq 100 fut is triggering, a triangle formation in progress in a new broad bear trend ! Indeed, recent and current price action should be seen as a natural pullback towards the former support area which became now the new resistance to break in order to neutralise, temporary, the ongoing...
Hi everyone, wish y'all have a profitable lifestyle. 🕊 📍I am a big fan and believer in ichi-moku and its crazt TIPS which in my point of view works the best. 📍Last week we have seen crazy movements from Bitcoin's chart which surprised everyone including myself. 📍 I saw Laggin-span going inside the komu-cloud which is an extremely bullish sign of the chart...
Litecoin looks strongly bullish on the 4H in comparison to Ethereum $ETH has been the Crypto Market leader lately and with $LTC looking to outpace this leader it makes a good argument to enter a long position here. Reasons being: -Kumo cloud twisted to bullish -Bullish TK Cross above the cloud adds conviction -Lagging Span is above the cloud making a stronger...