Ironman8848

Ironman8848

M1 : Recovery attempt failed...! W1 : Bearish engulfing pattern in progress (wait W1 closing for validation or invalidation) D1 : Below the clouds and for the time being below the cluster of TS, MBB and KS In order to neutralise the ongoing downtrend, BTC should at least, quickly recover above MBB (@ 37'040) ahead of TS, currently @ 38'000). A failure to do it...

Ironman8848

M1 : Currently holding above the Kijun Support level (34'372) W1 : Below the KEY PIVOT LEVEL @ 43'380 D 1 : Yesterday's failure to manage a recovery, on a daily closing basis, above the former support trend line, triggered a new selling wave pressure H4 : First target @ 37'400 reached with a low so far @ 37'224 H1 : Short term level to watch at are : 38'207 on...

Ironman8848

M1 : Recovery attempt in progress, confirmation will be given on M1 closing at the end of June. W1 : KEY PIVOT LEVEL @ 43'380 (Kijun) as long as BTC is not able to sustainably hold above that important level, the expected bearish scenario remains alive ! D1 : Currenty attempting to recover above the former uptrend line support which became now the new resistance...

Ironman8848

M1 : Recovery attempt in progress W1 : KEY PIVOT LEVEL @ 43'380 (Kijun). Pullback in progress towards the former uptrend support line ! D1 : Attempting to breakout the 40'000 without great success for the time being, still below the clouds ! H4 : Recent pullback towards a high of 41'341, has been rejected from the former support trend line (in green): as a...

Ironman8848

M1 : Ongoing bearish (yield) price action, currently below KS. W1 : Ongoing breakout progress of the MBB important support level (1.5160) D1 : Currently below the clouds and testing the bottom line support of the ongoing downtrend channel H4 : Far below the clouds area and below all indicators, (KS, MBB and TS) H1 : Failure to recover above the clouds (1.5320)...

Ironman8848

H4 : Yesterday's failure to first confirm upside clouds breakout and secondly to breakout the former uptrend support line (also cluster of respectively 2 former trend line) triggered a renewal selling pressure. BTC is currently trading around an important level which is the clouds area which as you can see is very thin, meaning very fragile too and also below...

Ironman8848

H4 : Nice "corrective" rally seen from the low of 31'025 towards a high so far of 37'682. The 78.6 % Fibonacci retracement of the 39'490-31025 downside move has been filled (37'678). So, what next ? We can see that the upside breakout attempt of the clouds failed,confirmed by the inability to the "chiku" to also confirm clouds breakout. In addition, despite this...

Ironman8848

H1 : Nice recovery seen from the low of 31'025 (bullish divergence and hammer !) towards a high so far of 34'740 reached one hour ago. A rising wedge pattern is in progress and BTC is currently attempting to upside breakout the top of the clouds. Therefore, price action over the upcoming period (s) will be very important to look at. Indeed, a failure to clearly...

Ironman8848

M1 : Ongoing uptrend channel .. but already below the middle level of the channel ! W1 : Under the influence of a major double top in progress D1 : Full Fibonacci retracements, including the 78.6 % (13'816) have been filled with a high so far @ 13'865. Therefore, something is cooking and a trend reversal is in progress H4 : RSI Bearish divergence triggered a...

Ironman8848

M1 : In an ongoing downtrend channel W1 : Same than M1, below the cluster of MBB, TS and KS and last but not least below the clouds D1 : Also below the clouds and the cluster; potential double & triple bottom in progress below the 16.00 area H4 : For the time being, each attempt to recover above the ongoing downtrend line resistance failed. In order to...

Ironman8848 Updated 

M1 : Persisting ongoing bearish price action in progress ! W1 : Same than M1, as long as BTC remains below KS D1 : Triangle breakout in progress, first confirmation would be given by a closing level, on a daily basis below the base of the triangle ! Watch closely today's price action H4 : Last couple of candles are showing successive black candles pattern with a...

Ironman8848

M1 : Ongoing bearish (yield) donwtrend in progress ! W1 : Currently below TS and still above MBB. Watch 1.4840 ahead of 1.3240, the latter being the key pivot levels on this time frame. D1 : Roughly in the middle level of an ongoing donwtrend channel, within the clouds Watch carefully at the bottom of the clouds. A daily closing below the clouds (around the 1.5000...

Ironman8848

WARNING !!! On D1, A TRIANGLE PATTERN IS IN PROGRESS. A breakout confirmation would imply a move of +/- 13'535 with an expected downside breakout calling for a target of 21'270 !!! M1 : No change, ongoing bearish price action still alive W1 . Same thant M1; in addition, the "new" fragile uptrend line is under attack ! D1 : TRIANGLE PATTERN IN PROGRESS !!!...

Ironman8848 Updated 

M1 : No change, ongoing bearish price action still alive W1 : Recovery attempt, still below the weekly pivot level @ 42'230 D1 : Yesterday's closing price triggered a bearish engulfing pattern which is currently neutralized, today by a recovery attempt which may trigger a potential piercing line pattern, depending on today's closing level. In addition, there is a...

Ironman8848 Updated 

M1 : Ongoing bearish price action in progress. W1 : Last week failure to recover above the W1 pivot level @ 41'230 confirmed that the downtrend is still intact D1 : Despite yesterday's closing (39'220) which was above the important MBB level (38'900) I have mentioned in my last analysis (see related idea below), BTC did not managed to stay above that very...

Ironman8848

D1 : BTC is facing one of the most important resistance level, which is the Mid Bollinger Band, currently @ 38'900. Indeed, a closing, today, above this important level would be the first signal for further upside ! A breakout confirmation of this level (on a closing level, of course !) would also confirm the upside breakout of a triangle formation. Next...

Ironman8848

M1 : Monthly closing in a couple of hours will most probably confirm a long black candle = very bearish ! W1 : Closing level of the last candle showed, the inability for the BTC, to recover sustainably in confirming what I TOLD you from roughly the 60'000 level (Doji pattern on Monthly chart), that BTC is not a buy on dips but a SELL ON RALLY !!! In order to...

Ironman8848

M1 : Bearish engulfing pattern in progress (bearish if confirmed on M1 closing level !) W1 : Ongoing bearish price action in progress. Next significant support level to watch is the W1 uptrend support line, currently @ 0.2450-0.2500 D1 : Downtrend resistance line under recovery attack, Watch carefully today's closing level ! H4 : Double top target filled. The H4...