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:
After weeks of uncertainty, Kumo has been green again for the last 5 days and is starting to gain strength (around 4.38%) and all the various lines are showing an uptrend, including the upward cut of Tenkan on Kijun and Chikou just above the past price. The Senkou Span B and the Kijun remain flat, confirming the laterality that is still present.
So the medium-term up-trend desire described last week was confirmed, the Kijun Trend Indicator always indicates uptrend.
Heikin-Ashi:
The Heikin-Ashi - which saw only one red candle last week - are this week out of Kumo and continue to present strong uptrend candles.
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
- 44400.00-45600.00 from Chikou Ichimoku Flat/Cuspid areas
- 40200.00-40800.00 from Ichimoku Flat/Cuspid Chikou 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 now on the 0.618 level.
Conclusion:
The BTC has confirmed the willingness to rise and this week in concert the Ichimoku lines confirm.
There are still some important price structures indicated by the flat areas and also - referring to the well-known exponential moving averages often used in the Crypto market on the 200, 50 and 20 periods, the fast average with the average one performed a Golden Cross and now the price is on the level of the 200, considered critical by many traders.
It is important to evaluate the close of the week and during the week on the following price structures, with emphasis on the sideways momentum:
- Bullish: 44650.00-45563.00
- Bearish: 44420.75
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: Fast increase
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
XRP - Flag Reversal?Hi Everyone, been a while since I posted on here!
We see a potential flag forming on XRP. This could indicate a reversal is near, as the flag formed after bottoming out at 0.55c.
For now, I expect us to continue trading in this range/channel. The lower highs indicate that we are building up buying volume under the sell-wall/resistance zone at 0.86c.
Phoenix Ascending is looking bullish from a 1W timeframe.
Best Regards!
Bearish Alt Bat Visible On Gold's Monthly ChartThis is an update to the First Post I made on Gold's Bearish Alt-bat last year just to let you know that it is still in play and that it has just come back up to tap the PCZ a Second Time and this time on Greater Volume this looks like it could be the end and where Gold begins a Presumably Years Long retrace back to the zone between $1,129 and $718.80
If you want to see my original posting from last year on this Alt-Bat i have it on the related ideas section below.
$Blok bloktopia metaverse project potential bottom moonBloktopia alpha is launching now, just tweeted out the alpha emails are going out 10 minutes ago. Lots of fud and naysayers have been on this project so now having this alpha launch finally happen is an interesting moment - for btc and the crypto markets in general it’s also great timing. If this is the bottom for btc then it’s certainly a bottom for bloktopia, here’s the tweet - twitter.com
NCASH (High Risk, High Reward)NCASH a low cap and liquidity coin, making it a high risk trade. I dont suggest buying big volume only small part. Chart shows it has great potential for pumps. Main reason im bringing this coin up is its team is trying to create fomo of a ''big announcement'' next work, check twitter link below. Worth holding until they announce has potential for 100%+.
Trade Safely
NAV/BTC (A high risk, high reward)NAV is a low cap coin, rank 950 and only has BTC pair. Price is essentially at its all time low, its a privacy coin. Although this looks like a shit coin, a big jump is due according to chart, we can target a 600-900 satoshi jump if it does. Their team is still active on twitter and RSI is showing a bullish divergence. Only buy with small part as the risk comes from the fear as theres potential of it being delisted.
Bitcoin Dominance - Elliot Waves count Sample Elliot wave structure count of the Bitcoin Dominance. Based on this rough estimate, we do not see any kinda alt-season run till mid summer June - July, now this is clearly no prediction on time since that cannot be predicted in any way, but this is a best-guess basis on the Elliot waves drawn out with the subwaves.
This would also subside with the fact that we would see BTC gain some dominance in the next few months as it makes it's retrace to the 0.786 level fibs from the ATH of BTC, at this moment we expect that once BTC makes that retracement, we enter the bear market and if the alts did not run during that phase, then it is when I will be considering dumping my bags as we enter long term bear market.
This is NOT financial advice, this is only my opinion.
Btc long-termHi everyone
I just want to say my strategy says,,,
If btc breaks this trend line it will probably go up
So that's not a simple trend line.thats sth special.
I didn't speaked about trend or funda or something else
I just want to say,if it brokes that i'll buy more (ada,doge,dot)it can also fail
Goodluck❤️
Alt-coin Market similar move to July 2021. 130% Pump Incoming? As you can see from the simple chart, the Alt-coin market just recently dipped below the 200ma and then recovered above it. It is a similar move to what happened last July 2021. After bouncing off the lower trend-line, we hope to see the price close above the 200. The last time this happened the Alt-coin market pumped 132% initially. More gains were recorded after a slight correction. Could this happen again?
ADA new year analysisHappy new year people,
Thank you for following me.
Here are my thoughts on ADA, I am sure me and you are going to change our lives forever next year.
What are your dreams? Keep them inside your heart, respect your money, your profit, your loses and yourself.
We are going to make the difference, this is the future, and we are part of it.
ADA up to $8/10 next year.
Take care and see you next year.
Sebastian Stan.
LONG on MATIC from Retracement Matic undergoing correction now, has pulled back a ratio of 0.382.
After an extended rally, we expect retracement of MATIC down to the lower support zones around @ 2.232, where we look to BUY or LONG.
This area is the golden pocket, a 0.618 retracement from the ATH where we look for a solid rebound. This region also overlaps with the 200 EMA on the 4H, which can provide even more support.
Highly likely the MACD would reach oversold once we hit this level.
Buy zone : 2.20 - 2.28
SL 2.02
TP 2.67 (0.786 fib level + major resistance region)
LINK/USDT LINK per BTC is bullish because of a big ascending triangle also and per USDT we bounce from weekly trend line support and lower line of modified pitchfork and even also 0.618 fib retracement now there is a bullish shark pattern with right rations and break and of a big structure resistance with is acting is support now reaching to tp like all other alts depends on BTC .
First TP : 38 $
Second tp long term :60$
Short Term Play 4- XBTUSDIntro: My name is Hugo, I am 25 years old and trading crypto currencies since late 2017. English is not my main language, however, I will try to explain everything brief and clear. Be aware that I am still in the learning curve. Every idea I post is not financial advice and is only meant for entertainment purposes only.
Max lev recommended: 3x
Goodluck,
Doctor Hugo