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Ichimmoku

Bitcoin 36k Soon Still In the Cards?!Back in January to start the new year Bitcoin was still around 18k and I posted an idea about Bitcoin gearing up for a massive runup toward 36k. Im not going to go deep into that post but I will post the link within this post. I point that out due to the fact that even though we still have not hit that target yet, we still almost immediately after that post witnessed a massive runup in price. The question now however, is are we still going to 36k? And what about beyond that? The short answer is yes. I do believe we will get there and my reasons are as follows: On this weekly chart, price is being squeezed between short term overhead resistance ontop - and a common shallow 38% retrace that was resistance now snuggly holding us as support on the bottom. And in the coming days and few weeks, one can see that the resistance is going to open up and that pressure ontop of is going to release. What happens from that point is for anyone to speculate but a guess would be anything other than further sideways action as there will be nothing there to further box us in. The overall pattern we are forming is technically bearish, yet the market structure of higher highs and higher lows is bullish. As always, one can only wait patiently for the breakout if your entry was not taken either at 25k or back in January when I published my bullish idea while we were still at 18k. It should also be noted that us sitting perfectly on this 38% retrace is a big deal. Prices reverse at deep retraces.. not shallow retraces typically. If we are to reverse here, 29461.79 is what must be broken. And it must be broken not on the hourly.. not on the daily.. not on the 3 day.. but on the weekly time frame. Price can wick thru it but if it holds, I think shorts would be taking bets at a support level in the middle of a range. If Bitcoin can break out of all of this resistance, including the upward sloping ascending channel, my profit taking target will be 36k, but I believe 38k and possibly even beyond that, will be the target.
Long
by TradeVibez
ETHUSD Weekly Ichimoku Analysis for Week 2 2023General outlook The overall market trend is still downwards and I expect that we will see more in Q1 downward pressure due to adjustment of earnings and the higher and higher possibility of, at least, a mild recession in the US and EU. The Crypto market will also be pointing further downwards as the stock and crypto markets are still highly correlated. The overall sentiment is also still negative. This leads me to the question of how low can the overall market go as everyone expects a recession, bad earnings, and a 20% drop in the S&P in the next two quarters. If the market is forward-looking why we are not down at -20%right now?? CPI We will get volatility latest on Thursday with the CPI print. CPI in November was 7.1%. The consensus for December is 6.5%. The current Cleveland Nowcast is at 6.64% and the tradingeconomics.com forecast is at 6.7%. On the other hand, the December CPI prints in Europe were below expectations. Due to these mixed signals, I will stay away from trade on Thursday. If I'm in a trade I will keep a tight stop loss. Earnings Season This week will start the earnings season for Q4/2023. As the current sentiment is quite negative and the expectations are low, this could lead to a surprise. Even if the results are bad, as long as they above the expectations this could be more fuel for the current rally. Still the room to the upside should be limited. Ichimoku analysis My weekly analysis is based on the 4H chart. Lagging Span is above Price and Cloud Conversion Line crossed Base Line Price is above the cloud Currently Conversion Line, Base Line, and Kumo are flat / ranging Green Kumo ahead 4H Resistance / Support Zone Resistance at 1275 USD - 0,618 Fibonacci retracement from FTX crash Support at 1250 USD - 0,5 Fibonacci retracement, 8H and 12H Ichimoku Cloud Long Idea - I would like to see a retest of the baseline (1255 USD), which also confluence with the of 8H, and 12H support at 1.250 USD. This is also the lower boundary of the bull flag. Take Profit Target 1: 1320 USD Take Profit Target 1: 1350 USD Stop Loss: Tight stop loss below Base Line as the S/R window is narrow. Short Idea - When the support at 1.250 USD is broken and retested Take Profit Target 1: 1.200 USD Take Profit Target 1: 1.160 USD Stop Loss: Tight stop above the cloud
INDEX:ETHUSD
by chukymuc
1
APEUSDTHello dear friends On the daily time frame, the positive divergence of the RSI with the downtrend line has created a bearish wedge pattern for us. Until the $5.584 range is fully consumed, the bullish outlook is weak. But if the range of $2.618 is maintained, we can hope for the completion of the wedge pattern. On lower timeframes, the drawn bearish scenario is very likely. However, if the range of $2.618 is maintained, the possibility of a bullish scenario will also be strengthened. We would be happy to hear your comments
by FiboTech
2
SLPUSDTHi again There is a possibility that the price can raise itself up to the yellow area, $0.00414! 1) We must not forget that the price range of $0.00358 in the daily time frame has been engulfed! 2) On the other hand, RSI has a positive divergence in the daily time frame! 3) Currently, in the one-hour time frame, the price inside a pattern is a triangle! Do you think the downward trend line will break upwards!!?!! I believe that according to the drawn scenario, we will have a downward trend up to the range of $0.00341, and if the price does not fall below the yellow range ($0.00319), there is a possibility of completing a wedge at the end of the descending channel.
by FiboTech
4
Ichimouku as s/r confirmation. Newbie.So, i really like the cloud. it has everything kind of built in and i think it's great. i have not been successful EVER at trying to use it for buy sell signals. so i am now experimenting with it for a secondary confirmation of s/r levels. i haven't tested it as i am currently doing now. live trading. It seem on the settings 20 60 120 30 it truly verifies s/r which is my main strat. Newbie! so this is my idea. it's on jasmy because that's what i've been trading for some reason. i like the random action and s/r can hit and bounce very nicely at times. it's just my ichimoku settings with my s/r levels that i used around the info it gave. I removed the fill of the cloud as the 2 lines also work as s/r at times. suppose i should have zoomed out to show my point lol. next time. it's just an idea.
by RemyStemple
2
Don`t rush to trade, the market is decidingA look at the technical and on-chain analysis on bitcoin shows that the market has not yet decided for the future trend. In the Ranko diagram, we can see a wedge that is neither ascending nor descending In Ichimoku analysis, bitcoin has entered the Kumo cloud. This indicates that the market is making decisions and it is recommended not to trade. OnChain analysis: The on-Chain analysis also shows low levels of transactions The market has had the lowest level of transactions since 2020. The Moving average of inflow and outflow of exchange also has a downtrend and there is no significant inflow or outflow of bitcoins in exchanges. Supply/Demand for BTC reserve for all exchanges reached a 3.5-year low. My idea is that the market is making a decision, and until this decision is made, it is better not to make definite predictions trend. The diagram identifies the levels that must be broken out to confirm the future trend. These levels are $ 45,000 for the uptrend and $ 32,000 for the downtrend in the Renko chart.
COINBASE:BTCUSD
by cryptoonchain
Bullish Double Bottom ? FET/BTC #FET $FET #FetchAILooks like FET just hit another Double Bottom last night on the daily chart . You'll notice we had a VERY similar pattern in late summer before a very nice run happened . I suspect we are doing the same thing now . We've hit a red TD Sequential 9 last night ( and that's the second one we've hit . ) Both of these form our double bottom . Some might say these bottoms aren't exactly the same but they can be within 3% and still be a valid double bottom and I think this is , It's just very similar to what we did in late summer . I believe FET is about to have another run probably leading into the next few months of 2022.You'll notice even our light and dark blue 50 and 200 MA lines look similar ! Target here could definitely be a little higher than our last top near 2500. I suspect we can hit 3200 area which is a very strong weekly resistance . Possibly even 3400 or 3500 . We can always go higher - it's a Bullrun and the market is very volatile . We will probably follow that Gann Fan up . First step up will bring us under the daily Ichimoku cloud .
Long
by shimmeringpath
Is DXY topping...for now...Besides the illustrated Indicator signals, CoT Data on DXY shows Commercials at a (typical) turning point extreme. Nov '18, Oct '19 both previous times where Commercials were more than 40k Net Short...Extremes in the Commercials tend to correspond with turning points in the market. This is a BIG SHIP steering though, it's not a turn-on-a-dime kind of move. It's just saying, if you're in good profits Long DXY, maybe take a chunk off the table. Certainly we can get another push higher, I'll likely be looking to short the market if we do.
TVC:DXY
by mrjones2020