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 51 days and is about 9.9% wide. It has been up since the last analysis and always flat. In the short/medium term, the situation is now bullish/lateral: price is above Tenkan and Kijun. Tenkan and Kijun are flat on the same level.
The Kijun Trend indicator now indicates looking for long positions, which changed from last week.
Heikin-Ashi:
The Heikin-Ashi confirms the bullish movement of the past week.
Supports and resistances:
- 29800.00 Chikou cusps and flat areas of Kijun and Tenkan.
- 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 cusps and 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/lateral.
Hosoda waves calculated on a new ABC pattern representing the sideways momentum shows the following price levels on the waves: 24160 (N), 20202 (NT), 26010 (E) and 27158 (V).
From a fundamental point of view, the challenge between FED and Markets continues, where despite the promise to raise interest rates, the stock market is still up. This week also includes the FOMC meeting and MoM data.
It is important to assess the price close during the week on the following price structures:
- Rizalist: 25000.00-26101.00
- Bearish/Lateralist: 23100.00-22440.00
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
Heikin-ashi
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 44 days and is about 9.9% wide. It has expanded further since the last analysis and but has flattened out. In the short/medium term the situation is bearish: price is below the tenkan, the tenkan is moving below the kijun. In the long term it's sideways/ bullish. In addition, the price, if it stays on this level, could enter the kumo again. There is uncertainty though.
The Kijun Trend indicator now indicates looking for short positions.
Heikin-Ashi:
The Heikin-Ashi confirm the strong short- and medium-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 bearish/lateral and very uncertain.
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 waiting for inflation and retail sales data. Also, Paxos was attacked by the SEC in connection with BUSD, which brought further distrust to the Crypto market. This ties in with the fight against staking in the U.S., as with the Nexo platform.
It is important to assess the price close during the week on the following price structures:
- Bullush: 22400.00
- Bearish/Lateral: 21300.00.
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: Collapsed.
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
This Mix of Tools May Make You More Fearless When Trading AIREven with relatively high volatility, the use of the two Gann Fans and Fibonacci along with MACD indicator - which I normally don't like to use - based on Heikin Ashi log-scaled chart proves to be quite powerful to capture the behavior of AIR price.
On the daily chart, the area between 11.52-106.42 is the target after that AIR breaks below the ascending channel. Also, the previous swing area between 102.32-101.68 is the next bearish target if a further breakdown would occur.
On the flip side, a break above the upper 3/1 and the lower support line of the channel may set the area between 121.20 and the upper 4/1 as the next bullish targets.
I would appreciate any opinion concerning this analysis :)
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
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 24 days and is 2.4% wide. It has expanded since the last analysis and is now flat. In concert the situation is always bullish/lateral. It is important to note that the price has bounced off the monthly Tenkan.
The Kijun Trend indicator has been looking for long positions since January 10.
Heikin-Ashi:
The Heikin-Ashi confirms the bullish movement. There are many green candles with no shadow underneath. They have no shadow underneath but the body is compressing.
Supports and resistances:
- 25000.00 Fibonacci
- 24400.00 Chikou cusps and flat areas 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 indicate a new ABC pattern with bullish targets on 21240 (N) and 28355 (NT).
From a fundamental point of view, there is a lot of focus on inflation. The FED has confirmed a moderate approach to raising rates. Consumers have confidence and it brings a rise in indexes. However, to be monitored this week are the announcements on GDP, Personal Income and Personal
It is important to evaluate the price close during the week on the following price structures:
- Bullish: 24400
- 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: Increased.
- Price of BTC: Increased.
- Alt Cycle Expectation: Decline.
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
An isolated "Red" Heikin-Ashi candle that says Go LongHi TV Community.
Heikin-Ashi candles do not reflect real price, but if you treat them more as indicators, then you can spot many signals and patterns that aid in trading.
One such pattern explained in the chart might interest you. Observe and you can see many such 'hidden' patterns, that are not seen on regular charts.
3 Step Divergence Trading strategy. When to use the RSI Formula.This is a divergence trading strategy i am testing out for you guys who are still having trouble knowing WHEN to enter a trade after finding a divergence as well as where to exit that trade.
This will also give you more information on the followings:
Where to use the RSI FORMULA.
When to enter a trade after a divergence.
What a fake out looks like.
Where to take profit
Where to take a second profit
Drop your feedback if you would like to see this strategy develop further and if you understand its simplicity enough.
BTC "FINAL HOPE" on Nov 2ndFED FOMC Decision on Nov 2nd weighs heavy upon all markets, including crypto market. While other markets have shown high volatility in accordance with any macro related news, crypto market surprisingly moves in a calm manner despite being known for its infamous volatility, which actually scares me the most. Why? Because it means that any major macro news will release the spring that's been holding crypto market, especially Bitcoin, and will launch it with ultra volatility that can be either up or down. Knowing which movement will take place before the price action actually happens on Nov 2nd gives you total advantage on that very specific ultra volatile price action. So let's break down all the data that we can use to help us determine which direction will occur:
TECHNICAL ANALYSIS
- Heikin-Ashi Candles show that we are still in a strong downtrend, you can see it clearly especially on higher time frames (weekly, monthly)
- Ichimoku Cloud is still above the price, with a huge red cloud along with other strong resistances that we've seen rejecting the price for weeks
- A huge red Ichimoku Cloud is still being projected ahead, and no sign of turning green anytime soon
- Conversion Line (yellow) is below the Base Line (blue), crossing it down
- Lagging Span (purple) is still below the cloud, which crossed down back on April (and hasn't yet crossed up), which indicates we're still in a strong downtrend since then
- 50 EMA (yellow dots) is still above the price, and far below 200 EMA (blue dots) which is still waaay up there, untouchable
- A Bearish Descending Triangle from Sept 13th local top (in blue) which has rejected the price and acts as a strong resistance
- A Strong Support Zone between $17.500 - $18.500, along with the base line of the Descending Triangle, which has proven to be a strong support area
FUNDAMENTAL ANALYSIS
- Macroeconomic conditions is getting worse and worse, no sign of getting better anytime soon, including wars
- All those bad things combined with actual data, give no reason for the FED to stop their hawkish stance anytime soon, in fact these give them all the reason to keep getting it tighter and tighter, I really doubt FED will pivot even if the UN and all countries in the world urge them to do so, at least not on Nov 2nd
- USD is skyrocketing
- Previous similar bullish patterns might not work, considering the macros atm (if previous similar patterns indicate a capitulation, then it will most likely be the same this time around, unless something good miraculously happens)
CONCLUSION
- Overall I'm still super bearish at the time of this writing
- I won't even consider a trend reversal from bear to bull market, let alone saying that this bear market has bottomed, unless the price crosses above the ichimoku cloud, closes there, and maintains the position there ($21K-$22K range), or even shows some strong bullish momentums. I still prefer a breakout and close above $32K though.
!!! HOWEVER, CHANCES ARE, THESE ARE BULL TRAPS. BE CAREFUL NOT TO BE SUPER BULLISH IN A BEARISH MACRO !!!
- If this time price breaks $17.5K-$18.5K strong support zone in a single move, high chance it will be a disastrous cascade down (imagine all the SLs there)
- A break and close below the previous $17.6K low, and macro pressure, will signal a prolonged downtrend (it can be a fake, a bear trap, but only for a short time)
- If a big capitulation does occur, and BTC creates a lower low, I really can't say if the true bottom is there unless FED pivots and macro conditions are getting better, BUT there will be a quick recovery movement upwards (usually until the previously broken strong support), and then ranging again until the next major events
- A bear market doesn't mean the price can't go up big time
- Coin inflow/outflow from exchanges, volume, DOMs, etc might be the work of manipulators, ride the trend, stay with macros, and don't fight the FED
- Next BTC halving might indicate bottom and the start of the next bull run, we'll need to see how our macros doing then
DISCLAIMER
This is an article, not a financial advice
Do your own research, spend your money wisely
Your money is your own responsibility, so is your action
A Secret of Heikin-Ashi CandlesHeikin-Ashi charts reveal information about price action that no other chart type does. The shared chart is self-explanatory in this regard. The example taken is how to look for long opportunities. The opposite is good for short opportunities. Hope traders find this useful.
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
Trendline Trades w Heikin Ashi Algo Oscillator + a surpriseWelcome to the coffee shop everyone. This is your host and Barista Eric. This podcast is designed to teach you The right and wrong way to get in and out of your trades because I'm not just going to tell you the right way, I'll also show you the things that you should not do. It's also a platform where I can release my versions of popular indicators. I'll show you how to use them and of course from time to time I will call out really bad strategies because I don't want you guys to have that information. feel free to share this content anywhere you choose online and of course do not fall for scams because I will not contact you for any type of currencies lending or any financial help in any way online. That being said, if you see me on the street and you want to give me a dollar all the power to you I'll be more than happy to accept it.
Also don't get worried if I do send you a message it's usually just a thank you for starting to follow me because everyone that follows me I do have to follow them back so that I can see what you have going on.
All that being said in today's video I am going to show you how to draw trend lines and channels using the support and resistance Indications in Heikin Ashi Algo Oscillator. Now you may not have this oscillator on your charts yet but for now you can use the CSC-HARSI.
here is a link to get that from tradingview and add it to your chart
So let's go to Tradingview and open it up on your desktop or on your phone.
go to the indicators tab
type in coffee shop crypto
there you will find only one indicator called the CoffeeshopCrypto HARSI 2022
Go ahead and add that to your chart and make sure it's added to your favorites
Now in its default settings that should work just fine for you because the default settings allow you to use the VWAP as a moving average against your RSI.
This particular tutorial I'm picking off the resistance indication that came up and then it was followed by several support indications. This simply means that resistance was going against your price the Bears were pushing against the Bulls so prices moved up and met resistance and it was being pushed back down.
Take care to watch the whole video for the strategy on how to use this with Trend Lines.
SURPRISE.
I am releasing the Heikin Ashi Algo OScillator later today as is. And you can use it with some of the indications that are available.
I think it's time I release it and stop trying to be so perfect with it.
It will have the S/R/ levels
Aerts to exit your short or long position
Range signals - To tell you when you have entered into a RANGE
Bulls / Bears Rejection Signals - Letting you know its a STRONG rejection of the current bullish or bearish trend.
Double Stochastic Strategy - A video will be created on how to use this on a later date. I'm also leaving the double stack castic strategy in there but you may not know how to use it just yet and I will create a video on that on a later date so in the meantime when you see it you could just turn it off if you want to.
Alerts for Exit Short and Exit Long - these messages will be sent to your phone, email and desktop to let you know you should exit your current trade of Long or Short.
BTC Analysis - Expecting a downward moveLets keep it simple for every one.
BTC is currently at resistance level of 21800 - 21900 . Till now the resistance is not broken and it can fall back to the price level of 19800.
If resistance is broken , we will see a new price level of 23400.
As in long term , BTC is in downward trend , therefore probability of touching 19800 is high. I will update the Analysis with time as we see price movement.
Good Luck every one.
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 15 days and is in slight contraction (currently at about 4.75%). Ichimoku's configuration has changed a lot since the last analysis. In fact, the price has returned to the Kumo's entry levels, narrowly overshooting the Kijun, and with one candle violently broke the Tenkan-which it was awaiting to the downside. The Kumo of the present is particularly fine, but it has moved lower since the last encounter.
The Kijun Trend indicator continues to indicate looking for short positions, even as price stands slightly above the Kijun
Heikin-Ashi:
The Heikin-Ashi confirm the strong bullish movement of the price: three green candles with very wide body and no shadows below have brought the price inside the Kumo and-at this time-precisely on the level of the Kijun.
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:
After touching the 18500.00 area, the price had a major uptrend to the Kumo and Kijun levels, where it is now lateralizing.
Hosoda waves indicate a downward ABC pattern but with some upward targets, thus interesting price levels are: 22641.73, 21632.5, 19567.02, 17501.54.
From a fundamental point of view, there is a lot of uncertainty considering the FED's struggle with inflation, the energy crisis in Europe, and the Russian-Ukrainian war. It will be interesting to see the effect on the crypto market of Ethereum PoS.
It is important to evaluate the close of the week and during the week on the following price structures:
- Bullish/Lateral: 21800.00-22400.00
- Bearish: 21000.00
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
THE WAIT FOR EURJPY BREAKOUTPair: EURJPY
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, pattern pattern
—————
Key Takeaway: We are expecting price to drop through the bottom of our pennant pattern but also open to the possibility of a push upward, we most likely will have a bounce of resistance and then a drop
—————
Level needed: need a close by —
—————
Trade: Neutral
RISK:REWARD —
SL: —
TP: —
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION
EURJPY INVERTED HEAD AND SHOULDER BREAKPair: EURJPY
Timeframe: 4H, 1H
Analysis: Round number level, trend line, volume profile, support and resistance, pennant pattern, inverted head and shoulders
—————
Key Takeaway: Seen a break of resistance, head and shoulders pattern for more confirmation, just need a push through high volume and round number level
—————
Level needed: need a close by 137.555
—————
Trade: Long
RISK:REWARD 1:5
SL: 44
TP: 230
—————
DO NOT ENTER OUR SETUPS WITHOUT CONFIRMATION