Ironman8848

Ironman8848

DAILY (D1) The Mid Bollinger Band seems to work as a "magical line", isnt'it ? Indeed, the price action seen over the last two days is showing two successive breakout attempts of this important resistance level (MBB) ! In addition, yesterday's price action triggered a "SHOOTING STAR" which should be seen as new warning signal , calling for a new downside...

Ironman8848

DAILY (D1) Yesterday'price action triggered a nice recovery following the upside breakout of the Tenkan-Sen, (currently @ 47'539) ans as result the BTCUSD close @ 48'929,roughly at the level of the Mid Bollinger Band, which as already mentioned several times in the past should not be underestimated and should also be seen as a good barometer...

Ironman8848

Good morning, today we are going to look at the daily and 4 hours time frame where something is cooking ! DAILY (D1) Price action seen over the last days is showing a potential double bottom in progress coupled with a bullish divergence ! The trigger level of this potential double bottom is @ 48'307 which if broken (on a daily basis) would open the door for...

Ironman8848

Today, we are going to look at the weekly and daily time frames. WEEKLY (W1) : Last week price action triggered a long black (bearish) candle with its closing level @ 46'705, just above the bottom of the sideways trading range of 46'650-50'500 mentioned in my previous analysis. Moreover, the Lagging line is approaching the Kijun-Sen and a cross under this...

Ironman8848

We are going to look at the weekly and daily time frames. WEEKLY (W1) Last week price action triggered a "Dark Cloud Cover" pattern (bearish !) with its weekly closing level below the Tenkan-Sen and the cluster (Kijun-Sen & MBB) and also already within the weekly clouds support area. RSI below 50, @ 47'98 This Dark Cloud Cover pattern neutralized the...

Ironman8848

We are going to look at the weekly and daily time frames. WEEKLY (W1) : Last week price action, triggered a bearish dark cloud cover pattern which has neutralized the previous bullish engulfing pattern !!! The weekly closing level (@15'788), for the first time from a long time, has been below the Tenkan-Sen which should be seen as a warning confirmation...

Ironman8848

Good morning to all of you :-) Today we are going to look at two main intraday time frames which are Hourly (H1 ) and 4 hours (H4) Indeed, in my last and previous analysis, I highlighted a potential double bottom formation in progress on H1 with its trigger level @ 47'450 which has been filled and broken with an intraday high, so far @ 47'750. HOURLY (H1)...

Ironman8848

As mentioned in my previous analysis, it is very important to look at carefully short term intraday time frames which can help you to detect early signal of short term trend reversal, providing countertrend short term TACTICAL trading opportunities. Looking at the hourly time frame (H1) a RSI bullish divergence, coupled with a double bottom formation has been...

Ironman8848

The Dollar Index (DXY) is showing a potential double top formation in progress on a daily chart. DAILY (D1) Ongoing downside price action, after having, yesterday, broken both the Tenkan-Sen and the Mid Bollinger Band, this morning the DXY is attempting to also breakout the Kijun-Sen which should be seen as the last important support level in that time...

Ironman8848

DAILY (D1) A RSI bullish divergence detected 2 days ago, triggered a trend reversal in making a double bottom formation which has been activated yesterday with the breakout of the trigger level @ 1794. Technical target of this double bottom formation is @ $ 1835.00 A breakout of the ongoing downtrend line resistance (in red? and also the upside breakout of the...

Ironman8848

DAILY (D1) Ongoing downtrend stil in place caught in a 46'650-50'650 trading range. Below Tenkan-Sen, Kijun-Sen and Mid Bollinger Band. RSI below 50, @ 38.31 All ingredients are in for further downside in a STRATEGIC perspective, of course. Countertrend trading opportunities (long exposure) should, and I insist be very carefully monitored in applying a...

Ironman8848

DAILY (D1) As expected and mentioned yesterday, the failure to upside breakout the 16'450 area triggered a new wave of selling pressure, which as a result pushed down the NQ1 towards a low so far of 15'765, testing on its way the top of the daily clouds support zone. The NQ 1 is currently at a tricky level !!! Indeed, the 15'800 area is also the former minor...

Ironman8848 Updated 

Following yesterday's FED meeting, we saw a nice upside move which is clearly recognizable by the long white candle which went up and through all resistances levels (TS, KS, Mid Bollinger Band and clouds) in this 4 hours time frame. As a result, the NQ1 reached an intraday high of 16'431.50 and is now showing some lack of momentum. Indeed, looking back we can...

Ironman8848

MEDIUM / LONG TERM BUYING OPPORTUNITY WITH A STRONG STORY BEHIND !!! BUY AT CURRENT LEVEL AND ADD ON DIPS. MEDIUM/LONG TERM TARGET : $ 37.05 - $ 55.68 - $ 70.73 DAILY (D1) : Yesterday's price action triggered a potential double bottom formation in progress coupled with a RSI bullish divergence. In addition, the daily closing price (@24.30) is above the...

Ironman8848

DAILY (D1) : On that time frame, the BTCUSD is moving in a broad sideways channel (46'650 - 50'500); nevertheless, pressure remains on the downside as current level is still : 1) below the Mid Bollinger Band 2) below the primary downtrend line resistance 3) below the Kijun-Sen Watch Tenkan-Sen (@48'500), roughly in the middle of the sideways channel above...

Ironman8848

DAILY : The ongoing Head and Shoulders formation detected on Dec 9th (see related ideas) is taking shape: indeed, looking at the recent price action we can see the following : 1) before yesterday (Dec 13th), a breakout of both, Mid Bolllinger Band and Kijun-Sen 2) yesterday Dec 14th), confirmation by a daily closing below the Tenkan-Sen. Therefore, the former...

Ironman8848

H4 : Recent and current price action is still in a corrective recovery move and currently still below the H4 clouds, attempting to upside breakout the secondary downtrend line resistance. In its recent move, the BTCUSD, as expected, already reached the 50% Fibonacci retracement (50'800 - 45'750) @ 48'275 which also, should be seen as the first pivot level for...

Ironman8848

H4 : The failure to hold above the KEY PIVOT LEVEL (support cluster) mentioned yesterday triggered a sharp downside breakout which pushed the BTCUSD towards a low so far of 45'750. The ongoing small recovery has started by a "doji" pattern but once again the upside potential is likely to be pretty limited and should still be seen as a corrective move in a broad...