Ironman8848

Ironman8848

WEEKLY (W1) Last week price action triggered a long black candle which went down towards an intra-week low @ 40'517, testing the top of the weekly clouds area. This week ongoing price action will be very interesting as there is a strong support zone between 40'860 and 37'360 ! Global picture is showing a major double top formation in progress, coupled with a...

Ironman8848

Ongoing selling pressure pushed the BTCUSD down towards the 41'000 area. DAILY (D1) Below the clouds and all Ichimoku lines ! Also below the Mid Bollinger. RSI is still converging to the downside. Next support level is the psychological 40'000 ahead of 39'575 former low of October where daily clouds rejected further downside, but this time the story is...

Ironman8848

TREND REVERSAL CONFIRMED ON THE DAILY CHART !!! Price action, acceleration upside move, seen over the last couple of days confirmed the trend reversal, calling for higher levels.(Pullback failure attempt) Indeed, the former daily downtrend line resistance has been broken and has also been confirmed by the Chico.span price action. RSI above 50 @ 69 Only a...

Ironman8848

First 2022 trading day, triggered, yesterday a nice move; indeed, we say, on a daily basis, three important things : 1) breakout of the daily clouds resistance 2) Crossover of the Tenkan-Sen 3) Chikou-Span crossover of cluster Still one resistance level to break which is the ongoing downtrend line resistance and the former highs, respectively @ 1.7050% and...

Ironman8848

As you can see on the Daily chart, the BTCUSD is traded in a sideways price action caught between 45'500 on the downside and 52'000 on the upside. Inside this trading range, the middle of the sideways channel @ 48'800 should be seen as the barometer (Bullish above and bearish below on a daily closing basis, of course !) Watch also RSI price action which is for...

Ironman8848

4 HOURS (H4) Broad sideways price action (45'500-52'000) with, roughly in the middle of the range the clouds resistance area which for the time being, should be seen as a major zone to break, in order to neutralize this persisting ongoing downside selling pressure. Interesting to look at the Chikou-span price action (have a look back to what happened at the...

Ironman8848

MONTHLY (M1) Ongoing double bottom formation in progress. December closing level (@ 1828.60), which is also above KS, TS and Mid Bollinger added further support, calling for higher levels. The double bottom trigger level is @ 1'919 and a breakout confirmation of this level would activate the ongoing double bottom formation in progress, calling for a technical...

Ironman8848

We are going to look at the long term picture (monthly) which triggered, on December closing basis, a SHOOTING STAR ! (similar pattern took place in April 2020...) Indeed, after having failed to upside breakout the monthly clouds resistance, the BTCUSD closed roughly at the bottom of the clouds. Therefore, last month price action should be seen as the first...

Ironman8848

Firstly, I wish you an happy New Year, all the best and take care ! Today we are going to look closely at the recent and current price action on the 4 hours chart. We also will have a quick view on daily, weekly and monthly charts too with respective implications on longer time frames. H4 The long black candle which took place between 17:00 and 21:00...

Ironman8848 Updated 

Looking at the 4 hours time frame (H4) a potential inverted Head and Shoulders is in progress. Neckline (currently around 47'800) coincides also with the Mid Bollinger Band resistance level and and breakout of those level on a H4 closing level would activate this reversal formation and open the door for a technical target of roughly 50'000...which is also the...

Ironman8848

Today we will look at different time frames and we will begin with the hourly chart, then the 4 hours and finally the Daily. 1 HOUR (H1) In this short term time frame we already can identify some minor bullish divergences which triggered this short term reversal which has already crossed over both the TS and KS, facing currently the Mid Bollinger Band which...

Ironman8848

Good morning, yesterday's long black candle, (after the shooting star, the day before !) activated my stop loss at 48'309. Indeed, the failure to hold above the former support zone (cluster of KS,TS and MBB, triggered an acceleration towards a low reached, so far at 47'300). Looking at this daily picture, I have to say that, currently the BTCUSD is in trouble...

Ironman8848 Updated 

DAILY (D1) After having nearly filled the 38.2% Fibonacci retracement @ 52'293 (yestedays'high at 52'098) the BTCUSD lost its momentum and went down, in a corrective move, to close on a daily basis @ 50'718; this price action triggered another shooting star, which warned of a potential downside move. Ongoing, today's price action confirmed this warning and as a...

Ironman8848

Multi time frames analysis from Weekly (W1) to Hourly (H1) : WEEKLY (W1) : Last week's price action triggered a BULLISH ENGULFING PATTERN with an it is very important its closing level @ 50'791 above the Kijun-Sen ! Such kind of movement should be seen as the first warning positive signal on a weekly basis observation. In order to confirm this weekly...

Ironman8848

DAILY (D1) Yesterday's closing price action below the important Kijun-Sen or Base Line, currently @ 50'533 and also the top of the former sideways daily trading range (45500-50500) As mentioned yesterday, the Doji shooting star triggered on Dec 24th has been timidly confirmed by a small black candle with a daily closing @ 50'442. Nevertheless, so far, such...

Ironman8848

DAILY (D1) After a nice ongoing rally which pushed the BTCUSD towards a intraday high of 51'864, lack of followthrough pushed it down again to close (@ 50'841) just slightly above the pivot level I mentioned yesterday @ 50'608; yesterday's price action triggered a new "DOJI SHOOTING STAR" and more important at a level which should be seen as the razor's hedge...

Ironman8848

Good morning,Christmas is coming and.. a warning buy signal has been given by a first daily closing above the Kijun-Sen. As mentioned previously, a view reassessment of my expected bearish scenario took place and now the way is open for further upside and my strategic target is @ 58'674. Indeed, the before yesterday's, shooting star has been neutralised by a...

Ironman8848

I wish you all the best for 2022 Many thanks for your trust. Jean-Pierre Bürki allias Ironman8848