Ichimoku_trader
Bullish BTC forming Bull-flagBTC is bullish in H4 according to Ichimoku confirmation:
Ichimoku:
Price is above Tenkan Sen, Kijun sen, meaning bullish in short and midterm.
Price is below Senkou Span B, meaning bearish in longterm
Chico Span is above the candles, meaning bullish momentum
As for direction: Flat Kumo and Kijun Sen. No direction in mid and long term.
Pattern:
There is a Bullflag forming. After a uptrend price is consolidating in a horizontal range (flag). Measurements give a upside target: 51772 and downside: 44150
Wave Analysis:
After hitting the bottom. Price formed a higher low. If price breaks the range to the upside, then a bullish N-wave is formed and we can expect continuation to the upside.
S&P 500 near to the Ichimoku baseline supportThe closing price of tomorrow's market plays a very important role. if it closes below the Ichimoku baseline (red line) at 4451, we will see another 2% drop in S&P 500 till Ichimoku's cloud support. as we have seen in the last months, the index has been reacting very well on the baseline support, I'm seeing a high chance of positive reaction again on the baseline and reversal.
Should Bitcoin's hodlers be concered ? Hi everyone,
As we can clearly see from the chart's candlesticks it is easy to claim that the buyers are getting weaker but does it mean that the bull-run is over? 🐃
📍 the answer is absolutely "NO"! First, I would like to say that the candles with huge wicks at both ends have a meaning: WAR between bulls🐃 and bears🐻.
🧐 but what do they mean when they happen after a bull-run or a upward trend?
📍It may show us the time buyers and seller kill before a reverse trend; what does mean? Let me explain you easily by giving an example! ✍🏼 Bitcoin price from 30k - 59k was an interesting price for buyers (bulls) and retail traders; they made a noticeable profit there, but after 59k price may look just a little bit over-priced even for bulls. Thus, they will wait for the market to show more reasonable signs of a new bull-run or a bearish chart🐻.
📌 I personally do not think that the bull-run is over. just take a look at the ichimoku cloud and it's going to show you everything you need.
⚠️ you may ask yourself why I have set a zone at the 35-37k price level. Well, I would like to share you guys something which may help you at your trades. ✍🏼Whenever the price breaks the ichimoku's Tenk/Kijun lines in a bull-run or bearish trend, IT HAS TO REACH BACK TO THE TENK WHENEVER TENK AND KIJUN ARE IN A FLAT POSITION just test it in smaller times frames.
🧐So, should we panic now and set our sell orders? The answer is also "NO" WE SHOULD NOT.
📍 the monthly time from takes at least 6-8months to occur and I have set two time zones in my chart. Plus, tenk and Kijun would like to move up-wards or down-wards with the price so may the price zone will change by time.
📌In conclusion, do not panic guys based on all those fundamental infrastructure and trend-analysis the bulls 🐃 remain stronger than bears 🐻 till the end of this year. Just be more careful about your positions
DowJons -H1- Short positionDow is in the resistance range and based on the BALANCE in ICHIMOKU , it can be said that it is going to give a low.
Of course, it must be said that the price may suffer a little in this ceiling range, but in the end it will give a low.
You can take a short position position in it and your stop is 2 continuous close over Resistance area of H4 time frame, and be sure to observe your capital management as well.
This analysis is only a personal theory and is not responsible for your profit or loss.
Good Luck...
Gold bouncing back As mentioned on my last Gol Analisys we are observing reverse head and shoulders pattern. Gold made a nice deep to close the gap and now third day in a raw growing nicely.
We should be carefull at SSB (Senkou-span B/2) but once it will enter the kumo back we might see pullback all the way to Kijun. There is quite of a movement ahead of us so a lot of opportunities to make a profit.
EU LONG 1.19280 Target 1.2 and 1.205we have a bullish V wave at 4 hours sorry i didnt update you earlier here are the targets
Taergets NT : 1.19131 ( already achieved and tested twice ) Target N 1.19536 (tested twice and will test third today good return so far) Traget V 1.19613 (tested yesterday , i shorted it expecting to hit NT again but well i took profit this morning at 1.1926) Target E 1.19941 ( we might reach it today too)
we have extensions target V2 at 1.20018 and V3 around 1.205 and E2 at 1.206
again good luck those target can be traded long all at once or back and forth as they can become become resistance first and then support once crossed.
Ichimoku CloudToday i am gonna show you why you have to use ichimoku cloud with CME and why you should avoid it with Futures or Spot trading. ( Unless you don't change settings in Ichimoku )
if you keep Ichimoku with his original settings, they are adapted for a closure of the markets every Week-Ends, that's why ichimoku is mostly used in Forex or Stocks.
What about Bitcoin ?
- CME are closing on Week-end that's why you can see a GAP every weeks.
- Perpetuals Futures never close ( That's why they call them perpetuals :D )
- Spot Margin Never Close also
- i used H12 Timeframe + i kept only the cloud
- So now you just compare the 2 Charts and you will get very fast the aberrations between CME and Binance Perpetual Futures.
- Those little anomalies can drive you to make some big mistakes while using the cloud, so Stay Safe!
And remember that "The sun always shines above the clouds!"
Happy Tr4Ding !
EURUSD SHORT 1.216 TARGET 1.212 TO 1.206price is breaking the 4 hr kijun , The next support or attraction price 1.212 daily kijun and if momentum keeps on down it may bounce on the dailly SSA at 1.206 or 1.205.
Needless to say that my real target are 1.198 and 1.182 because they are equilibrium levels at the weekly time frames, but that is another story , let's first how this trade goes.
Good luck
Bearish Ichimoku view of Bitcoin on the dailyBTC on the daily
Price is forming a P-wave and is soon be breaking to the up or downside. Highs are gettings lower and lows are getting higher.
Price is below TS, KS and Kumo meaning that the market is bearish in short, midterm and longterm.
Chico Span is below the candles indicating bearish momentum.
On the RSI there is hidden bearish divergence (trend continuation). Wile price makes lower highs, RSI shows higher highs. The trend continuation would be to the downside.
If price can break heavy resistance on up or downside, the ultimate targets are as below:
Target upside: 50606 $
Target downside: 23999 $
Price analysis Eur/Usd at the same with the breaking of the bold white trend line(dash line) and the stabilization of the price below this line and the registration of the new Low, we are witnessing a down trend . If the price can not be stabilized above the yellow horizontal line (1.221705), it creates the lowest low and can reach the targets (1.21546 / 1.21376 / 1.2190 / 1.20841 / 1.20696), respectively, and if above the line Stabilize and cross two resistors (1.22110 / 1.222203) in a bullish trend . The downtrend is more likely to continue, but the uptrend is also likely to occur . FX:EURUSD