Weekly Analysis BTC via Ichimoku
Good start to the week,
Let us analyze at a glance the daily chart of BINANCE:BTCUSDT with Ichimoku Kinko Hyo. We use the traditional settings. There are other indicators in the analysis. We have developed and released them Open Source.
Trend:
Kumo has been green for 28 days and is about 10.8% wide. It has widened and is looking upward. The various lines indicate a general uptrend situation.
The Kijun Trend indicator indicates looking for long positions.
Heikin-Ashi:
The Heikin-Ashi confirms the bullish momentum with no shadows below. This points us to some market strength.
Supports and resistances:
- 32150.00 Fibonacci
- 30350.00 Chikou cusps and flat zones of Kijun and Tenkan
- 30000.00 Psychological threshold
- 29800.00 Chikou cusps and flat zones of Kijun and Tenkan
- 27950.00 Fibonacci
- 25000.00 Fibonacci
- 24800.00 Chikou cusps and flat zones of Kijun and Tenkan
For static price levels, the lower right chart plots the flat zones of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes, and the Chikou for the daily time frame.
For dynamic price levels, the Ichimoku lines can be observed: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term).
Conclusions:
The situation is bullish after crossing the psychological threshold of 30000.00.
It is possible to find a bullish ABC pattern indicating the following levels: NT 27892.34, N 29876.78, V 31169.78 and E 31867.22.
It is important to assess the price close during the week on the following price structures:
- Bullish: 30387.00
- Bearish/Lateral: 29300
Altcoin Cycle:
For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation:
- Total cryptocurrency market capital: Increased.
- Dominance of BTC: Increased.
- Price of BTC: Increased.
- Alt Cycle Expectation: Decreased.
Thanks for your attention, happy to support the TradingView community.
Indicators used:
Analysis Tool
Kijun Trend Indicator
Ichimoku Support and Resistance
Chikou Support and Resistance
Let us analyze at a glance the daily chart of BINANCE:BTCUSDT with Ichimoku Kinko Hyo. We use the traditional settings. There are other indicators in the analysis. We have developed and released them Open Source.
Trend:
Kumo has been green for 28 days and is about 10.8% wide. It has widened and is looking upward. The various lines indicate a general uptrend situation.
The Kijun Trend indicator indicates looking for long positions.
Heikin-Ashi:
The Heikin-Ashi confirms the bullish momentum with no shadows below. This points us to some market strength.
Supports and resistances:
- 32150.00 Fibonacci
- 30350.00 Chikou cusps and flat zones of Kijun and Tenkan
- 30000.00 Psychological threshold
- 29800.00 Chikou cusps and flat zones of Kijun and Tenkan
- 27950.00 Fibonacci
- 25000.00 Fibonacci
- 24800.00 Chikou cusps and flat zones of Kijun and Tenkan
For static price levels, the lower right chart plots the flat zones of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes, and the Chikou for the daily time frame.
For dynamic price levels, the Ichimoku lines can be observed: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term).
Conclusions:
The situation is bullish after crossing the psychological threshold of 30000.00.
It is possible to find a bullish ABC pattern indicating the following levels: NT 27892.34, N 29876.78, V 31169.78 and E 31867.22.
It is important to assess the price close during the week on the following price structures:
- Bullish: 30387.00
- Bearish/Lateral: 29300
Altcoin Cycle:
For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation:
- Total cryptocurrency market capital: Increased.
- Dominance of BTC: Increased.
- Price of BTC: Increased.
- Alt Cycle Expectation: Decreased.
Thanks for your attention, happy to support the TradingView community.
Indicators used:
Analysis Tool
Kijun Trend Indicator
Ichimoku Support and Resistance
Chikou Support and Resistance
- Scalping The Bull Indicator: linktr.ee/scalpingthebull
- Scalping The Bull Training: tinyurl.com/corsoindicatorepro
- AlgoTrading Training: tiny.one/corsopinescriptbase
- Crypto News: t.me/joinchat/StkXJM
- Scalping The Bull Training: tinyurl.com/corsoindicatorepro
- AlgoTrading Training: tiny.one/corsopinescriptbase
- Crypto News: t.me/joinchat/StkXJM
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