Ironman8848

Ironman8848

Looking at the intraday H1 time frames, there are two levels to look at very carefully , which are : UPSIDE : 43'230 DOWNSIDE : 41'913 Indeed, a breakout confirmed of one of those levels will show the direction for the upcoming trading hours. Good luck Ironman8848

Ironman8848

Good morning ! Today we are going to look at the Daily picture which is showing you the magical power of the clouds. Indeed, yesterday's price action triggered a second long black candle (bearish signal continuation) which pushed the BTC overnight towards a low of 40'193 which coincides roughly to the bottom of the clouds support zone ! Magic isnt'it :-) I...

Ironman8848

M1 : Long term picture is still showing an ongoing uptrend channel; nevertheless, first signs of a potential reversal is in progress (black candle in progress, which should, of course, be confirmed on a monthly closing basis at the end of September. W1 : The ongoing weekly candle is also in the progress to confirm the last 2 candles (black too !); a first...

Ironman8848

Good morning, today we are going to look at the H4 and H1 time frames which are both showing some growing uncertainty about further development. Indeed, I mentioned in my previous analysis to look carefully at the 48'000 as a barometer indicator and looking at recent and current price action we can note, so far, some lack of momentum to clearly confirm a breakout...

Ironman8848

Good morning, today we are going to look at the daily picture which yesterday, on a closing basis, triggered a bullish engulfing pattern. Indeed, as mentioned in my previous analysis (see related ideas below) I highlighted, the importance of the clouds support zone on this D1 time frame and you can see the confirmation on the chart. Clouds once again worked...

Ironman8848 Updated 

H4 : Last candle closing @ 44'636 is the first warning signal which triggered, as expected and mentioned in my previous analysis published yesterday, a "shy" pullback, which should be watch at very carefully and which will be crucial for further development. Indeed, a failure to recover above the ongoing support trend line (green line) and watch also RSI which...

Ironman8848

Good morning, today, we are going to look at the 4 hours time frame. Indeed, as you can see on this chart, the MBB worked perfectly well so far Therefore, I strongly suggest to look carefully at the cluster zone, currently around 45'800 (KJ and MBB) as for the time being, several upside breakouts attempts have been rejected by the Mid Bollinger Band which...

Ironman8848

Good Morning to all of you :-) Hope you are well today ? We are going to look at the daily time frame today. Indeed, following the bearish engulfing pattern triggered a couple of days ago (very long black candle) and the downside breakout of the cluster (TS, MBB and KS), the BTC attempted to recover without great success so far as you can see in this chart...

Ironman8848

Today we are looking at the H4 time frame. The triangle formation I mentioned yesterday did not really worked ! Nevertheless, the 46'900 area worked, so far, perfectly well in rejecting the breakout attempt on the upside . We can see now a switch in price action, from a uptrend (green arrow) to a downtrend (red arrow) with a first pullback rejected by the...

Ironman8848

Good morning to all of you. Hope you are well today ? We are looking at the 4 hours chart where you can see a triangle formation in progress. Breakout levels to watch are the following : 46580 on the upside 45783 on the downside Breakout (confirmed) implications should trigger a +/- move of 3'200 points targeting respectively 49'780 on the upside and 42'580 on...

Ironman8848

First of all, please apologize for my absence over the last couple of weeks ! I had some problems with my disease (cancer) but fortunately everything is now OK again and I am back in the market :-) Following the flash-crash seen yesterday where, as you know the BTC lost roughly 10'000 points in a very short period of time, I thought it was the good timing to...

Ironman8848

M1 : 50 % Fibonacci retracement (64'895-28'600) @ 46'747 filled intra month high of 46787 W1 : Kijun Sen @ 46'747 should be seen as THE KEY PIVOT LEVEL on this time frame !!! Indeed a weekly closing above this point would be the first significant signal calling for further upside towards the psychological 50'000 level ahead of 51'030 (61.8% Fib ret). On the...

Ironman8848

H4 time frame is showing an ongoing bearish price action, putting now the Mid Bollinger Band, currently @ 43'238 under attack. Therefore, MBB, should now be seen as the LEADING INDICATOR for the upcoming hours. Indeed, a failure to hold and stay sustainably above this important support level, would open the door for further downside, having in mind the next...

Ironman8848

Looking at the H4 time frame, a Rising Wedge pattern has been confirmed, opening the door for a technical target of 40'640 ! Additional support to this expected scenario will be given by a next H4 closing below TS, currently @ 43'803 Below next support to look at will be MBB @ 42725 ahead of KS @ 41'327 In the meantime, watch carefully upcoming development in the...

Ironman8848

Good morning to all my followers and others as well :-) Today, we are going to carefully looking at the daily time frame where for the first time the primary downtrend line resistance has been broken on a daily closing ! This should be seen as a positive signal but should also be considered cautiously for the time being !!! Why ? 1) There are potential bearish...

Ironman8848

M1: Strategic target unchanged @ 27'169 W1 : The last 2 weeks price action is encouraging; indeed, the bullish engulfing pattern identified 1 week ago has been confirmed by a long white bullish candle. Nevertheless, on one hand, the BTC remains under the weekly downtrend resistance line (currently @ 43645) and on the other hand also below KS (@46'747) and only a...

Ironman8848

Hello to everybody, today we are going to look at the 4 hours time frame which is showing a TRIPLE RSI BEARISH DIVERGENCES, coupled with a double top formation in progress with its trigger level @ 41'000. Therefore, I would strongly suggest to watch carefully a the 41'000 area ahead of 40'705 (MMB); indeed, a breakout and a failure to quickly recover above the...

Ironman8848 Updated 

D1 : Yesterday's price action triggered for the first time a closing level above the clouds with an intraday high @ 42'411, not far away of the 38.2% Fibonacci retracement @ 42'894, which is the next significant resistance level after 40'000. So what next, now ? Despite this sharp recovery since over the last couple of days from a low below 30'000, the BTC...