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 red for 26 days and is 4.2% wide. The various lines confirm a downtrend situation and we are below the Kumo, going towards the Tenkan Weekly. The already bearish momentum has been further exacerbated by the lawsuit to Binance by the SEC.
The Kijun Trend indicator now indicates looking for short positions, now since May 9, 2023
Heikin-Ashi:
Instead, the Heikin-Ashi is communicating uncertainty to us, as we are still inside the Kumo and certainly today's day pushed the price towards the lower end of the Kumo.
Supports and resistances:
- 28900.00 Chikou cusps and flat areas of Kijun and Tenkan
- 27800.00-27900.00 Chikou cusps and flat zones of Kijun and Tenkan
- 25000.00 Fibonacci
- 24800.00 Chikou cusps and flat zones of Kijun and Tenkan
- 24400.00 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:
For the past month the situation is bearish, today after the announcement that the SEC has sued Binance, it has led to fear in the markets, generating a candle at the moment of about -5.5%. There are several allegations: first of all about the fact that some coins are considered as securities(e.g. BNB, BUSD, SOL, SAND, FIL, ADA, MATIC, COTI, ALGO, ATOM, MANA, since they can be staked to generate annuity) and therefore need a license to be managed, non-compliance with the ban towards US users and some suspicious transactions carried out by CZ and on the management of clients' funds. In contrast, Binance has defended itself by rejecting allegations that it maneuvered customer funds and that it has always cooperated--from the creation of binance.us--with the SEC and thus points to the allegations as unjustified.
It is possible to find a sideways/rebass ABC pattern indicating the following levels: NT 29230, N 26655, E 24080, V 23296.
It is important to evaluate the price close during the week on the following price structures:
- Bullish: 27100.00-28700.00
- Bearish/Lateral: 24800.00-28155.00
Altcoin Cycle:
For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation:
- Total cryptocurrency market capital: Decreased.
- Dominance of BTC: Decreased.
- Price of BTC: Decreased.
- Alt cycle expectation: Stable.
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
ALT-COIN
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 20 days and is about 6.3% wide. It has widened and is stable. The various lines indicate sideways/downtrend on the short term, uptrend/lateral on the medium and long term.
The Kijun Trend indicator now indicates looking for long positions.
Heikin-Ashi:
The Heikin-Ashi confirm bullish momentum but we observe wide shadows on the Tenkan and just above, still indicating a sideways momentum.
Supports and resistances:
- 29800.00 Chikou cusps and flat areas 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/lateral, given also the proximity of the psychological threshold of 30000.00.
Hosoda's N wave of the ABC pattern identified several analyses ago has been centered and is acting as the resistance. It is possible to find a bullish ABC pattern indicating a first V level at 31227.96, NT level at 33467.19, and N level at 35827.10. On the other hand, a lateral/ribassist one indicating NT at 29501.31, and N at 26824.77.
It is interesting to see how BTC is recovering having closed a good quarter in conjunction with the problems in the traditional banking system.
It is important to evaluate the price close during the week on the following price structures:
- Bullish: 29500.00-29800.00
- Bearish/Lateral: 25000-26800.00
Altcoin Cycle:
For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation:
- Total cryptocurrency market capital: Increased.
- BTC Dominance: Decreased.
- Price of BTC: Increased.
- Expectation of Alt Cycle: Increased.
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
Weekly Analysis BTC via Ichimoku Good start to the week,
Let us analyse 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:
The Kumo has been green for 13 days and is about 6.40% wide. It has widened and is stable. The various lines indicate an uptrend momentum with a sideways bias in the long term and medium term. In the short term, however, the price is on the Tenkan, indicating a potential bounce or downtrend.
The Kijun Trend indicator now indicates looking for long positions.
Heikin-Ashi:
The Heikin-Ashi confirm bullish momentum and net of one red candle, the rest are green and away from the Tenkan.
Supports and resistances:
- 29800.00 Chikou cusps and flat areas of Kijun and Tenkan
- 25000.00 Fibonacci
- 24800.00 Chikou cusps and flat zones of Kijun and Tenkan
- 24400.00 Chikou cusps and flat zones of Kijun and Tenkan
- 24200.00 Chikou cusps and flat areas of Kijun and Tenkan
- 23300.00 Chikou cusps and flat areas of Kijun and Tenkan
- 21200.00 Chikou cusps and flat areas of Kijun and Tenkan
- 20200.00 Chikou cusps and flat zones of Kijun and Tenkan
- 19100.00 Fibonacci
For static price levels, the lower right chart plots the Tenkan, Kijun, Senkou Span A and Senkou Span B flat zones 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/lateral, given also the proximity of the psychological threshold of 30000.00.
Hosoda's N wave of the ABC pattern identified several analyses ago has been centred and is acting as the resistance. It is possible to find two other ABC patterns: one bullish indicating a first level at 31134.30, another indicating a sideways movement where the N wave is at 24417.14 and the NT wave at 33736.10.
From a fundamental point of view, it continues to be interesting to see more distressed banks and instead the strength of Cryptos, born precisely out of distrust in the traditional market. In general however, the FED continues to raise rates while the market is responding with a rebound in the stock market.
It is important to assess the price close during the week on the following price structures:
- Bullish: 28700
- Bearish/Lateral: 25000
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
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 6 days and is about 0.7% wide. It changes abruptly but is currently widening. After the bounce on the Kumo and the Kijun Weekly now the situation is generally bullish and the Kijun Daily is on the Tenkan Weekyl level.
The Kijun Trend indicator now indicates looking for long positions, as anticipated the change was very likely and now the price is very far from the Kinun.
Heikin-Ashi:
The Heikin-Ashi confirms the rebound and strong bullish momentum.
Supports and resistances:
- 29800.00 Chikou cusps and flat areas of Kijun and Tenkan.
- 25000.00 Fibonacci
- 24800.00 Chikou cusps and flat zones of Kijun and Tenkan
- 24400.00 Chikou cusps and flat zones of Kijun and Tenkan
- 24200.00 Chikou cusps and flat areas of Kijun and Tenkan
- 23300.00 Chikou cusps and flat areas of Kijun and Tenkan
- 21200.00 Chikou cusps and flat areas of Kijun and Tenkan
- 20200.00 Chikou cusps and flat zones of Kijun and Tenkan
- 19100.00 Fibonacci
For static price levels, the lower right chart plots the Tenkan, Kijun, Senkou Span A and Senkou Span B flat zones 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.
Considering the current pattern with point B at March 10 and calculated with point C at March 14, we have 28773 (NT) as an interesting level.
From a fundamental point of view, it's interesting to see several banks fail and respective central bank bailouts. In general BTC was born as a response-in the times to-similar issues, this could be the motivation for the price increase.
It is important to evaluate the price close during the week on the following price structures:
- Bullish: 28700
- Bearish/Lateral: 25000
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
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 red for 4 days and is about 0.7% wide. It has turned red since the last analysis and is now very thin again and may cross again. It is interesting in general to see the bounce exactly on the Kumo and the Kijun Weekly Continued uncertainty as from the past week. In general, short term is bullish and bearish-lateral on the medium and long term.
The Kijun Trend indicator now indicates looking for short positions, but today's candle has outperformed by a lot, so in two days it may return to looking for long situations.
Heikin-Ashi:
The Heikin-Ashi confirms the rebound
Supports and resistances:
- 29800.00 Chikou cusps and flat areas of Kijun and Tenkan
- 25000.00 Fibonacci
- 24800.00 Chikou cusps and flat zones of Kijun and Tenkan
- 24400.00 Chikou cusps and flat zones of Kijun and Tenkan
- 24200.00 Chikou cusps and flat areas of Kijun and Tenkan
- 23300.00 Chikou cusps and flat areas of Kijun and Tenkan
- 21200.00 Chikou cusps and flat areas of Kijun and Tenkan
- 20200.00 Chikou cusps and flat zones of Kijun and Tenkan
- 19100.00 Fibonacci
For static price levels, the lower right chart plots the Tenkan, Kijun, Senkou Span A and Senkou Span B flat zones 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/lateral.
Hosoda waves calculated last week on a bearish ABC pattern were touched: 22750 (NT), 21472 (N), 21444 (V), 20194 (E).
Considering the current pattern with point B on March 10, we have 16376 (NT), 20827 (N), 25278 (E), and 28450 (V) as further levels.
From a fundamental point of view, it is problematic the liquidation of Silicon Valley Bank, of the Fed's reassurances about it, as well as
It is important to assess the price close during the week on the following price structures:
- Bullish: 24400.00-24800.00
- Bearish/Lateral: 24000.00-22200.00
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
Weekly Analysis BTC via Ichimoku
Good start to the week,
Let us analyse 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 58 days and is about 11% wide. It has risen since the last analysis and is looking slightly upward. The situation is still uncertain: on the short term there is downtrend, on the medium term there is laterality, and on the long term there is laterality/uptrend.
The Kijun Trend indicator now indicates looking for long positions, although price is at Kijun levels and yesterday could have signalled short positions.
Heikin-Ashi:
The Heikin-Ashi confirms the bearish movement last week and the touch of the Kijun, which instead with regular candles was overcome.
Supports and resistances:
- 29800.00 Chikou cusps and flat areas of Kijun and Tenkan
- 25000.00 Fibonacci
- 24800.00 Chikou cusps and flat zones of Kijun and Tenkan
- 24400.00 Chikou cusps and flat zones of Kijun and Tenkan
- 24200.00 Chikou cusps and flat areas of Kijun and Tenkan
- 23300.00 Chikou cusps and flat areas of Kijun and Tenkan
- 21200.00 Chikou cusps and flat areas of Kijun and Tenkan
- 20200.00 Chikou cusps and flat zones of Kijun and Tenkan
- 19100.00 Fibonacci
For static price levels, the lower right chart plots the Tenkan, Kijun, Senkou Span A and Senkou Span B flat zones 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/lateral.
Hosoda waves calculated on an ABC pattern representing sideways momentum shows the following price levels on the waves: 26245 (NT), 22346 (N), 18447 (E), 17452 (V).
From a fundamental point of view, the week generally closed with a sign of weakness in the markets despite the fact that equities closed slightly higher, while BTC closed a down week in anticipation of a potential recovery. In general, U.S. employment data are positive but U.S. GDP is not.
It is important to assess the price close during the week on the following price structures:
- Bullish: 24400.00-24800.00
- Bearish/Sideways: 23300.00
Altcoin Cycle:
For Bitcoin Dominance and Altcoin Cycle, we can consider the weekly variation:
- Total cryptocurrency market capital: Decreased.
- Dominance of BTC: Decreased.
- Price of BTC: Decreased.
- Alt cycle expectation: Stable.
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
Weekly Analysis BTC via IchimokuGood 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 37 days and is 8.5% wide. It has expanded further since the last analysis and Senkou Span A is looking upward. The situation is always bullish/lateral on the long term but on the short term it's a bearish momentum: the price is below the Tenkan.
The Kijun Trend indicator always indicates looking for long positions.
Heikin-Ashi:
The Heikin-Ashi confirms a strong short-term bearish movement.
Supports and resistances:
- 25000.00 Fibonacci
- 24400.00 Chikou cusps and flat zones of Kijun and Tenkan
- 23700.00 Chikou cusps and flat zones of Kijun and Tenkan
- 21200.00 Chikou cusps and flat zones of Kijun and Tenkan
- 20200.00 Chikou cusp level or flat zones of Kijun and Tenkan
- 19100.00 Fibonacci
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.
Hosoda waves calculated on an ABC pattern representing sideways momentum shows the following price levels on the waves: 24160 (N), 27700 (NT), 25621 (E) and 25421 (V).
From a fundamental point of view, we are at an interesting time with respect to inflation, where bond market yields are rising and there are thoughts of increased aggressiveness by the FED.
It is important to assess the price close during the week on the following price structures:
- Rizalist: 23700.00-24400.00 and Tenkan.
- Bearish/Lateralist: 22400.00.
Altcoin Cycle:
For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation:
- Total cryptocurrency market capital: Increased.
- BTC Dominance: Decreased.
- Price of BTC: Decreased.
- Alt cycle expectation: Stable.
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
CULT A while back i posted this TA on CULT DAO
Check it out.
I have been accumulating heavily at these prices , I think this project is a ticking time bomb, its baked into the code , its undeniable that over time supply will shrink and one day there won't be much cult to buy.
At the moment we are in a triangle and since October 2022 we have formed a very nice base , lower highs on the daily since Nov 29th 2022 .
RSI also showing something big stirring up with if we can break this level of resistance we could see a nice rally.
Money Flow Index
We can also see that MFI has been making lower highers ever since September 2022
This project goes to 10 billion marketcap in the future no doubt sometime by 2025.
Weekly Analysis BTC via Ichimoku by TheSocialCryptoClubGood start to the week,
As usual, here is our analysis of the week looking at a glance at the daily chart of BINANCE:BTCUSDT using the Ichimoku Kinko Hyo indicator with traditional settings. We used in support other indicators that we have developed and released Open Source, you can find them at the end of the analysis.
Trend:
Kumo has been red for 44 days and is stable (currently at around 5%). In concert the situation is bearish. Now the price is on the Kijun - which recently went below the Tenkan having lost the bullish move of mid-September in its calculation. As we note, the first major resistance is the Kijun itself.
The Kijun Trend indicator continues to indicate the search for short positions.
Heikin-Ashi:
The Heikin-Ashi confirms the bearish movement with several red candles without shadow above.
Supports and resistances:
- 25000.00 Fibonacci
- 24600.00 Tenkan Weekly
- 23400.00 Chikou cusp level or flat zones of Kijun and Tenkan
- 22400.00-22600.00 Chikou cusp level or flat zones of Kijun and Tenkan
- 20200.00 Chikou cusp level or flat zones of Kijun and Tenkan
- 20000.00 psychological threshold
- 19100.00-18900.00 Chikou cusp level or flat zones of Kijun and Tenkan
- 17080.00Chikou cusp level or flat zones of Kijun and Tenkan
- 12700.00 from Hosoda waves
- 11000.00-13000.00 Chikou cusp level or flat zones of Kijun and Tenkan
For the various static price structures it is possible to refer to the chart where the structures identified by the flat moments of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes are plotted, also Chikou for the daily timeframe.
In addition, recall that the various Ichimoku lines serve as dynamic price structures: the Tenkan Sen (short-term), the Kijun Sen (medium-term) as well as the Senkou Span A and Senkou Span B (long-term).
Fibonacci:
The Fibonacci levels on the Daily still show us a long-term negative sentiment and places the 0 downside at 25000.00.
Conclusion:
The situation is bearish.
Hosoda waves indicate a bearish ABC pattern with targets at 20765, 19210, 17655, 17365.
From a fundamental point of view, the war, the energy crisis and inflation still do not see a solution.
It is important to assess the close of the week and during the week on the following price structures:
- Bullish/Lateral: 20400
- Bearish: 18400
Altcoin Cycle:
For Bitcoin Dominance and the Altcoin Cycle we can consider the weekly variation:
- Total cryptocurrency market capital: Decreased.
- Dominance of BTC: Decreased.
- Price of BTC: Decreased.
- Alt cycle expectation: Stable.
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
Weekly Analysis BTC via Ichimoku by TheSocialCryptoClubGood start to the week,
As usual, here is our analysis of the week looking at a glance at the daily chart of BINANCE:BTCUSDT using the Ichimoku Kinko Hyo indicator with traditional settings. We used in support other indicators that we developed and released Open Source, you can find them at the end of the analysis.
Trend:
Kumo has been red for 30 days and is expanding (currently at about 9.8%). In concert the situation is bearish and slightly flat over the long term. Now the price is on the Tenkan so in a balanced situation on the short term.
The Kijun Trend indicator continues to indicate looking for short positions.
Heikin-Ashi:
The Heikin-Ashi confirms the bearish movement.
Supports and resistances:
- 25000.00 by Fibonacci
- 24600.00 Tenkan Weekly
- 23400.00 Chikou cusp level or flat zones of Kijun and Tenkan
- 22400.00-22600.00 Chikou cusp level or flat zones of Kijun and Tenkan
- 20200.00 Chikou cusp level or flat zones of Kijun and Tenkan
- 20000.00 psychological threshold
- 19100.00-18900.00 level cusps Chikou or flat zones of Kijun and Tenkan
- 17080.00level cusps Chikou or flat zones of Kijun and Tenkan
- 12700.00from the waves of Hosoda
- 11000.00-13000.00 level cusps Chikou or flat zones of Kijun and Tenkan
For the various static price structures, reference can be made to the chart where the structures identified by the flat moments of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes, also Chikou for the daily time frame, are plotted.
Also, recall that the various Ichimoku lines serve as dynamic price structures: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term).
Fibonacci:
The Fibonacci levels on the Daily still show us a positive long-term sentiment and places the 0 to the upside on 75000.00. Price is moving away from level 1 represented by 250000.00
Conclusion:
The situation is bearish as all the lines indicate.
Hosoda waves indicate an ABC pattern with targets at 17741.19, 22414.21, 27087.23, 27472.02.
From a fundamental point of view, between war, inflation, and energy issues, the situation is not changing and the markets will probably not improve before these issues are resolved either. Etherium's move to PoS has also been received more as a "sell the news."
It is important to assess the close during the week on the following price structures:
- Bullish/Lateral: 21800.00-22400.00
- Bearish: 18773.00
Altcoin Cycle:
For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation:
- Total cryptocurrency market capital: Decreased
- BTC Dominance: Increased.
- Price of BTC: Decreased.
- Alt Cycle Expectation: Decreased fast.
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
Weekly Analysis BTC via IchimokuGood weekend,
As usual, here is our analysis of the week looking at a glance at the daily chart of BINANCE:BTCUSDT using the Ichimoku Kinko Hyo indicator with traditional settings. We used in support other indicators that we developed and released Open Source, you can find them at the end of the analysis.
Trend:
Kumo has been green for 17 days, flattening and shrinking (now at 4.61%). The situation has changed dramatically since the previous week. After an attempt to break the Kumo the price presented a series of red candles including a Marubozu that led the price to go below the Kumo, the Tenkan, the Kijun (which it was approaching) and the Tenkan Weekly. Right now the only uptrend signals are from the Kumo of the future, which still remains green.
The Kijun Trend indicator continues to indicate looking for long positions, although-as price has gone below the Kumo and not touched it for two candles-it may return to looking for short positions.
Heikin-Ashi:
Interestingly, the Heikin-ashi, which usually-at the cost of having some lag-cleans the trend were green until price touched the top of the Kumo and then instead indicated a strong downtrend with only red candles of which many without shadows above.
Supports and resistances:
- 25000.00 by Fibonacci
- 24600.00 Tenkan Weekly
- 23400.00 Chikou cusp level or flat zones of Kijun and Tenkan
- 22400.00-22600.00 Chikou cusp level or flat zones of Kijun and Tenkan
- 20200.00 Chikou cusp level or flat zones of Kijun and Tenkan
- 20000.00 psychological threshold
- 19100.00-18900.00 Chikou cusp level or flat zones of Kijun and Tenkan
- 12700.00 from the waves of Hosoda
- 11000.00-13000.00 Chikou cusp level or flat zones of Kijun and Tenkan
For the various static price structures, reference can be made to the chart where the structures identified by the flat moments of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes, also Chikou for the daily time frame, are plotted.
Also, recall that the various Ichimoku lines serve as dynamic price structures: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term).
Fibonacci:
The Fibonacci levels on the Daily still show us positive long-term sentiment and places the 0 upside on 75000.00. Price is still below the 1 level on which it was rejected.
Conclusion:
BTC's situation has changed after touching the key 25000.00a level. Not surprisingly, there are some Long Upper Shadows candles on the Senkou Span B.
The Hosoda waves that found a new bearish ABC pattern with point C on the August 15 high, indicates very interesting levels such as 21084.38 (where the price is right now) 20118.06 as support and 23631 as resistance.
It is important to assess the close of the week and during the week on the following price structures:
- Bullish/Lateral: 23631.01
- Bearish: 20118.06
Altcoin Cycle:
For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation:
- Total cryptocurrency market capital: Decreased.
- BTC Dominance: Increased.
- Price of BTC: Decreased.
- Alt cycle expectation: Decreased fast.
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
Weekly Analysis BTC via Ichimoku by TheSocialCryptoClubGood weekend,
As usual, here is our analysis of the week looking at a glance at the daily chart of BINANCE:BTCUSDT using the Ichimoku Kinko Hyo indicator with traditional settings. We used in support other indicators that we developed and released Open Source, you can find them at the end of the analysis.
Trend:
Kumo has been red for 77 days, shrinking (now at about 13.67%). All lines continue apart from the Senoku Span B and the Tenkan continue to indicate a general downtrend. On the medium term, the Tenkan is flat. The scenario is always downtrend with the possibility of lateralization.
The Kijun Trend indicator always indicates looking for short positions.
Heikin-Ashi:
For the week the Heikin-Ashi indicates a firm downtrend.
Supports and resistances:
- 25000.00 from Fibonacci
- 21001.00 from Hosoda waves
- 20000.00 psychological threshold
- 19100.00 Chikou cusp level or flat zones of Kijun and Tenkan
- 17082.00 Chikou cusp level or flat zones of Kijun and Tenkan
- 16608.16 from the waves of Hosoda
- 10909.15 from the waves of Hosoda
- 11000.00-13000.00 level Chikou cusps or flat zones of Kijun and Tenkan
For the various static price structures you can refer to the chart where the structures identified by the flat moments of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes are plotted, also Chikou price for the daily time frame.
Also, recall that the various Ichimoku lines serve as dynamic price structures: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term).
Fibonacci:
The Fibonacci levels on the Daily still show us positive long-term sentiment and places the 0 upside on 75000.00. Price is still below the 1 level, should it stay it will update accordingly.
Conclusion:
BTC continues to downtrend on the daily and weekly time frame. A strong downtrend is present.
The well-known exponential moving averages often used in the Crypto market on the 200, 50, and 20 periods are aligned in downtrend at the opening.
The Kijun trend is indicative of looking for short positions. Hosoda's targets are.
- V: 13356
- NT: 11377
- N: 7111
- E: 2845
It is important to evaluate the closing of the week and during the week on the following price structures:
- Bullish/Lateral: 22300.00
- Bearish: 19000.00
Altcoin Cycle:
For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation:
- Total cryptocurrency market capital: Decreased.
- Dominance of BTC: Decreased.
- Price of BTC: Decreased.
- Alt cycle expectation: Stable.
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
Weekly Analysis BTC via Ichimoku by TheSocialCryptoClubGood weekend,
As usual, here is our analysis of the week looking at a glance at the daily chart of BINANCE:BTCUSDT using the Ichimoku Kinko Hyo indicator with traditional settings. We used additional indicators that we have developed and released Open Source, you can find them at the end of the analysis.
Trend:
Kumo has been red for 35 days, getting even thicker than last week (now at about 17.64%), and continues to slope downward. The only flat line is the Tenkan, all others indicate a downtrend.
The Kijun Trend indicator always indicates looking for short positions.
Heikin-Ashi:
Throughout the week the Heikin-Ashi indicates indecision but still downtrend and price is attracted to the Tenkan.
Supports and resistances:
- 75000.00 from Fibonacci
- 67000.00 from all-time high
- 66001.41 from all-time high of Chikou
- 51800.00-52600.00 from Ichimoku Flat/cusp areas of the Chikou
- 49000.00-51000.00 Fibonacci, psychological threshold and Kijun Weekly
- 44400.00-45600.00 from Ichimoku Flat/cusp areas of the Chikou
- 41200.00 from Ichimoku flat/cusp areas of the Chikou
- 39400.00 from Ichimoku flat/cusp areas of the Chikou
- 37000.00 from Ichimoku flat/cusp areas of the Chikou
- 35700.00 from Fibonacci
- 35000.00 from Ichimoku flat/cusp areas of the Chikou
- 33500.00 from Ichimoku flat/cusp areas of the Chikou
- 30300.00 from Ichimoku Flat/cusp areas of the Chikou
- 25000.00 from Fibonacci
For the various static price structures you can refer to the chart where the structures identified by the flat moments of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes are plotted, also Chikou price for the daily time frame.
Also, recall that the various Ichimoku lines serve as dynamic price structures: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term).
Fibonacci:
The Fibonacci levels on the Daily still show us positive long-term sentiment and places the 0 upside on 75000.00. Price is now between level 1 at 25000.00 and 0.786 on 35700.00.
Conclusion:
BTC continues to be in a downtrend on the daily and weekly time frame. All lines confirm this and only the Tenkan is flat. The Weekly Kijun is falling abruptly.
The well-known exponential moving averages often used in the Crypto market on the 200, 50 and 20 periods are also lined up in downtrend and continue to fan out.
An interesting element is the Hosoda waves that signal an ABC pattern with the C point on the 2022-05-12 low, there are no rising lows and in fact the NT target is at 16245.00 while the N target is at 37734.84. Levels to consider.
From a fundamental point of view, we can always consider the correlation with U.S. equities in this inflationary situation, as well as aspects related to conflict and rising commodity prices.
It is important to evaluate the closing of the week and during the week on the following price structures:
- Bullish: 31600.00
- Bearish: 29000.00
Altcoin Cycle:
For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation:
- Total cryptocurrency market capital: Increased.
- BTC Dominance: 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
Weekly Analysis BTC via Ichimoku by TheSocialCryptoClubGood weekend,
As usual, here is our analysis of the week looking at a glance at the daily chart of BINANCE:BTCUSDT using the Ichimoku Kinko Hyo indicator with traditional settings. We used additional indicators that we have developed and released Open Source, you can find them at the end of the analysis.
Trend:
As described last week, exactly 7 days ago Kumo turned red and currently has a thickness of about 1.85%.
The market is in a downtrend situation - confirmed by Tenkan and Kijun and the price is below the Kumo, below the Tenkan on both daily and weekly timeframes - and has a sideways bias.
The Kijun Trend indicator always indicates the search for short positions.
Heikin-Ashi:
After three green candles, now a series of particularly "strong" red candles have taken the price in and below the Kumo, confirming a moment of indecision.
Supports and resistances:
- 75000.00 from Fibonacci
- 67000.00 from historical high
- 66001.41 from the all-time high of Chikou
- 51800.00-52600.00 from Ichimoku Flat/cusp areas of the Chikou
- 49000.00-51000.00 Fibonacci, Psychological Threshold and Kijun Weekly
- 44400.00-45600.00 by areas Ichimoku Flat/Chikou Cusps
- 41200.00 by Ichimoku Flat/Cuspid Chikou areas
- 39400.00 from Ichimoku Flat/Cuspid areas of Chikou
- 37000.00 from Ichimoku to Chikou Plains/Cuspid areas
- 35000.00 from Ichimoku Chikou flat/peak areas
- 33500.00 from Ichimoku Flat/Cuspid areas of Chikou
- 30300.00 by areas Ichimoku Flat/Cuspids of Chikou
For the various static price structures it is possible to refer to the chart where the structures identified by the flat moments of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes are plotted, also Chikou price for the daily time frame.
Also, recall that the various Ichimoku lines serve as dynamic price structures: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term).
Fibonacci:
The Fibonacci levels still show us a long-term positive sentiment and puts the 0 on the upside at 75000.00. The price is back below the 0.618 level.
Conclusion:
BTC is in a downtrend with a sideways bias on the daily and weekly time frames. Last week's Kumo volatility, as indicated in concert by the various indicators and the Kumo itself, has turned from support to resistance.
The well-known exponential moving averages often used in the Crypto market on the 200, 50 and 20 periods also confirm the downtrend.
From a fundamental point of view, a bullish impulse is possible on the week to launch a BTC Spot ETF.
It is important to evaluate the closing of the week and during the week on the following price structures:
- Bullish: 41250.00
- Bearish: 39400.00
Altcoin Cycle:
For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation:
- Total cryptocurrency market capital: Decreased
- BTC dominance: Increased
- Price of BTC: Decreased
- Alt Cycle Expectation: Marked Downtrend ccc
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
Weekly Analysis BTC via Ichimoku by TheSocialCryptoClubGood weekend,
As usual, here is our analysis of the week looking at a glance at the daily chart of BINANCE:BTCUSDT using the Ichimoku Kinko Hyo indicator with traditional settings. We used additional indicators that we have developed and released Open Source, you can find them at the end of the analysis.
Trend:
The Kumo is about to turn red today, having shrunk totally since last week. The Senkou Span B has increased and the Senkou Span A has decreased. The Kumo of the present day - however very thin - is acting as a price structure. The price is however now inside the Kumo a sign of uncertainty. Kijun is sideways.
Almost all lines both individually and in concert indicate a downtrend and price is not above Tenkan Weekly. Kijun and Tenkan, both on the daily and weekly timeframe indicate a downtrend.
The Kijun Trend indicator, which had anticipated last week's search for short positions, continues to be red.
Heikin-Ashi:
As last week, the Heikin-Ashi are always above the Kumo but have been red for a week now and are using the Kumo as support.
Supports and resistances:
- 75000.00 from Fibonacci
- 67000.00 from historical high
- 66001.41 from historical high of Chikou
- 51800.00-52600.00 from Ichimoku Flat/cusp areas of the Chikou
- 49000.00-51000.00 Fibonacci, Psychological Threshold and Kijun Weekly
- 44400.00-45600.00 by areas Ichimoku Flat/Chikou Cusps
- 40200.00-40800.00 from Ichimoku Flat/Chikou Cusp areas
- 30300.00 from Ichimoku Flat/Cuspid Chikou areas
- 37000.00 from Ichimoku Flat/Cuspid areas of Chikou
- 35000.00 from Ichimoku Flat/Cuspid areas of Chikou
- 33500.00 by Ichimoku Flat/Cuspid areas of Chikou
For the various static price structures it is possible to refer to the chart where the structures identified by the flat moments of Tenkan, Kijun, Senkou Span A and Senkou Span B on different timeframes are plotted, also Chikou price for the daily time frame.
Also, recall that the various Ichimoku lines serve as dynamic price structures: the Tenkan Sen (short term), the Kijun Sen (medium term) as well as the Senkou Span A and Senkou Span B (long term).
Fibonacci:
The Fibonacci levels still show us a long-term positive sentiment and puts the 0 on the upside at 75000.00. The price is back below the 0.618 level.
Conclusion:
The BTC has indeed broken its ascent and after the Kijun Trend Indicator also the Kumo is performing the twist. Same situation on the weekly time frame. It is very important to monitor the price especially when it is inside the Kumo, which means unpredictability to observe if the Kumo itself will continue to act as support or if it will turn into resistance.
Also, referring to the well-known exponential moving averages often used in the Crypto market on the 200, 50 and 20 periods, the averages themselves performed a downward cut this week.
It is important to evaluate the closing of the week - especially for the Kumo Twist - and during the week on the following price structures, with emphasis on the sideways momentum:
- Bullish: 41200.00
- Bearish: 39400.00
Altcoin Cycle:
For Bitcoin Dominance and Altcoin Cycle we can consider the weekly variation:
- Total cryptocurrency market capital: Decreased
- BTC dominance: Decreased
- Price of BTC: Decreased
- Expectation of Alt cycle: Stable.
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
SHIBA INU BROKE CRITICAL RESISTANCE! #BULLISHSHIBA INU BROKE CRITICAL RESISTANCE! #BULLISH
This isn't over its just getting started!!! Previous high of .00004 4 times higher then current price @ .000009
SHIBA INU currently has a market cap of 4,500,000,000...
When SHIBA INU hits .01 it will have a market cap of 450,000,000,000 with a Big B
Which would put it at the #2 spot above Ethereum currently.
Forget the nay sayers, MASS ADOPTION IS REAL!
COINBASE, CRYPTOCOM, KUCOIN, WEBULL, ROBINHOOD...
Some of your favorite utility use coins, don't even have a spot on all 5 of these exchanges
.01 is Inevitable Thats x1000 times my current Investment, The Risk to Reward is Phenomenal here!!!
Alt Coin Market Cap ChartIs anyone else watching this, if Bitcoin dominance continues to decline while alts take more market share , then we're entering a new altcoin phase imo.
For instance, the alt coin dominance may be in the process of S/R flipping a huge resistance. Blue sky break out? Moon targets?
Total Market Cap Exc Bitcoin - Key momentWe are at a pivotal moment here for the total Altcoin market cap, there are 3 resis /support bands in place, if we can hold above the purple and close above today, then this indicates a stronger bullish trend. It is decision time for the altcoin market cap, if it can break the 100 on the FIB level, this would totally be a great indication for the alts to progress much higher in the next leg up.
Still waiting overall on some signals, typically carried out by one of the larger altcoins to lead the way. I've yet to see this.
* Trade at your own risk, this is not financial Advise *
Let me know your comments/thoughts down below.