Ironman8848

Ironman8848

M1 : Ongoing bearish long term price action in progress !! W1 : Still above MBB but already below KS, W1 closing will be also very important to watch at D1 : In a ongoing downtrend channel and below the clouds... H4 : Clouds has so far, worked perfectly well in rejecting all upside breakouts of the clouds. Currently below the cluster and the clouds too. H1 : Low...

Ironman8848

Sorry guys, we just missed my target of 33'320 for roughly one hundred points... M1 : Long black candle still in progress predicting a very bearish closing level if the BTC does not managed to recover significantly, which is not expected ! W1 : Primary downtrend is clear; in addition, this week price action is confirming the BTC inability to maintain any recovery...

Ironman8848

M1 : Ongoing candle showing long shadows !!! W1 : Far away of the weekly pivot level of 0.4715 D1 : Ongoing downtrend still intact and below TS H4 : Bottom of the clouds support zone under attack, below MBB, TS and KS. Failure to hold above the bottom of the clouds would be a first warning signal for further downside calling for 0.2900 H1 : Triangle pattern gives...

Ironman8848

M1 : High volatility showing a kind of Doji pattern in progress with long shadows !!! W1 : Currently below the weekly pivot level of 2950 and below TS. D1 : Clouds support zone under attack, still above the former support trend line..for the time being ! H4 : Currently roughly in the middle of the clouds resistance area; MBB under attack ! H1 : In a ongoing...

Ironman8848

M1 : Ongoing downtrend in progress (long black candle !) W1 : Primary downtrend intact and failure to recover above the W1 pivot level @ 41230.. so far D1 : Primary downtrend in place which coincides with the clouds resistance zone. Below both KS and MBB and also failure so far, to recover above the secondary dowtrend resistance line. No change in my view. Watch...

Ironman8848

M1 : What else ? Doji pattern in progress with extremely long shadows ! W1 : Currently below the weekly pivot level of 0.4108 D1 : Ongoing downtrend price action H4 : Facing clouds resistance area and currently below TS and MBB H1 : Triangle pattern, trigger level activated target 0.2900 currently below the clouds M30 : In an ongoing downtrend channel, below the...

Ironman8848

M1 : Currently below the 38.2% Fib ret (2735) of the 86-4372 rally... W1 : Currently below the weekly pivot level of 3025 D1 : In a ongoing downtrend channel, still above the clouds support area. Today's candle is showing, for the time being, a potential bearish pattern. Wait D1 closing for validation or invalidation ! H4 : Double top formation in progress and...

Ironman8848

M1 : Ongoing downtrend in progress W1 : Failure to recover above the W1 pivot level @ 41230 is confirming the downside direction D1 : Yesterday's price action triggered a breakout attempt of the cluster (former uptrend support line and former downtrend line) which failed after having reached an intraday high @ 40'904. BTC also missed to stay and hold above the...

Ironman8848

H1 : A potential breakout of the ascending triangle is in progress and should be confirmed. Likely to see some pullback towards the breakout level (around 40'000) Watch closely price action over the coming minutes and hours, as a breakout confirmation of this pattern would open the door for 43'434 (+ 3474) which would be the first step towards the next...

Ironman8848

M1 : Currently holding above KS and TS but still showing a long black bearish candle in progress. Monthly closing level important to watch at ! W1 : Primary downtrend still intact and still below KS (41230) which should be seen as the key pivot level on W1 time frame. D1 : Despite a nice recovery seen ove the last couple of days, BTC is still far away below the...

Ironman8848

M1 : Levels to watch : Upside : 1.80 Downside : 1.4880 W1: Last week closing below Tenkan-Sen D1 : In an ongoing downtrend channel, currently below TS and MBB; currently traded around the top clouds support zone and still above the middle level of this downtrend channel. H4 : Last recovery attempt towards 1.69, failed !Below KS, MBB and TS. Bottom of the...

Ironman8848

M1 : Volatility, volatility and volatility... W1 : Watch weekly pivot level @ 0.4108. In this time frame, only a sustainable recovery above that level, would neutralise the ongoing downside risk D1 : Ongoing downtrend still in place; Tenkan-Sen has been briefly tested today. A daily closing above TS and above the ongoing downtrend line resistance would be the...

Ironman8848

M1 : Ongoing bearish price action. W1 : Ongoing downtrend... Watch weekly pivot level @ 41230. Only a move above this level on this time frame would neutralise the ongoing downside risk. D1 : Nice recovery seen yesterday which triggered a bullish engulfing pattern, BUT IT DID NOT RECOVER ABOVE TENKAN-SEN...Today's closing level will be very important for further...

Ironman8848

M1 : Ongoing bearish price action W1 : Last week closing level above MBB triggered a corrective move recovery towards a high so far of 2750. Still below the weekly pivot level @ 2950 and Tenkan Sen @ 3025 D1 : Yesterday's price action triggered a bullish engulfing pattern which breakout the clouds on the upside...BUT IT DID NOT BREAKOUT THE TENKAN-SEN YET !! Watch...

Ironman8848

H4 : Looking at this 4 hours chart you can note the following : 1) From the breakout of the clouds support level around 55'500 BTC has : A) NEVER BEEN ABLE TO RECOVER AND HOLD ABOVE MBB ! B) NEVER BEEN ABLE TO RECOVER ABOVE THE CLOUDS ! 2) Each recovery attempt, has only been corrective and not as a trend reversal has already mentioned many times in my previous...

Ironman8848

M1 : Ongoing bearish price action. Low seen so far @ 1'888. Currently below TS and KS. W1 : Mid Bollinger Band (@ 2022) has briefly been reached,followed by a corrective move only. Ongoing black candle is VERY BEARISH and a failure to close today above the weekly pivot level @ 2950 would confirm further downside in the cards for the upcoming session (s) D1 :...

Ironman8848

M1 : Ongoing downtrend price action W1 : Currently below 40'550 (W1 pivot level) Weekly closing today, will give clues for next week D1 : Ongoing downtrend, below the cluster (MBB, KS and TS) In a kind of broad triangle formation in progress !! Failure to stay and hold, on a daily closing above the current support trend line would be negative for the upcoming...

Ironman8848 Updated 

M1 : Ongoing downtrend process. Low reached so far @ 30'066 W1 : Below the cluster. Weekly closing will be once more, VERY IMPORTANT ! Indeed, a failure to close above 40'550 on W1 closing basis would confirm further downside in the cards for next week D1 : The trend is your friend. As long as BTC is below 40'000-40'550 on D1 basis, selling pressure will...