Second attempt at catching the top of channelWe made a nice double top right here still looking for bounce from red line. This is a reminder to myself to be patient and not open trade the moment price touch line but wait to see if it respects line.
Ichimoku_trader
BTC worst case scenario forecastThis situation is very likely to play out on BTCUSDT pair. Looking at this doom triangle and all the uncertainty in the market this is most likely going to result in a crash after breakout.
Some hope for holders: This setup is so clear and logical and I see alot of people post about it, now look at it from the perspective of the composite man/market maker. How will he make the most money? By doing exactly the opposite. Give the traders a triangle breakout to the downside so they load some more short positions. At the same time market maker will be filling long positions ready to crush all retail traders. Give them a false breakout and then rally towards all time high. This whole situation can be seen as an accumulation phase.
Hit extremely key resistance levelThe purple dotted line at 130.24 is a very long lasting resistance level. As far as I can zoom in on the chart this level got respected. This is not a moment to open a trade yet but the eventual reaction after consolidation I expect will be a very strong lasting move. Line decides wether we are in a long term bull or bear zone.
BTCUSDT Inverse Cup and Handle What IFBTCUSDT What if this is the Inverse Cup and Handle
Most of us can't see the reverse pattern.
Is it possible or Not???
ShortBTCUSDT
Cloud Touch- Thich Cloud can't pierce. It will cause rejection around here when the Liquidity took out.
Kumo cloud bounce + line bounce GBPUSDPullback in downward trend. This trend is not only short term down but in the very longer term we in a channel downwards. I expect this trade to go very well. Stop right above slow Kijun-Sen and past fast Kijun-Sen line, right in the cloud, this should be a very strong resistance level. Take profit at 2X stop loss.
Three peaks at resistance pointI have been watching this pair very closely today as it broke the very long term trendline (purple) and I am expecting it to move back down to the bottom purple line of channel in due time. Distance from Kijun is also very high and a retracement has to happen naturally. Possibility is to wait for more clear trend direction change and use a bigger stop loss instead of guessing top with red trend line as I do here. You can target much lower than this take profit and increase risk to reward but probability of trade finishing will be much lower.
Trend lines when zoomed out:
Luna possible bounce from Kijun and support zone.We crossed short term trendline at 8:00 and retraced back to it but this time we also have a situation with support of previous range. I expect a nice move up from this zone, a different trading plan would be to move stop below the zone by quite alot and move take profit higher for a more long term swing. I recommend the shorter term move however with all the fear in the markets.
Kumo Bounce on ETHTime to open a trade on ETHUSDT short with bounce from top of current range and kumo clouds back to the bottom of the range. Stop loss can be put quite conservative above recent highs and past kumo resistance line. TP at range bottom.
Normal Kumo Breakout on EURGBPWe broke the uptrend trendline and after that broke support. We might see acceleration to the bottom of the longer term Kumo Cloud. This is a very low risk for high reward trade.
Watch for trendline break after bounceWe just got a bounce from the kumo clouds and key 1.273 level. We are quite likely to go back into consolidation or get a break of the trendline to the upside. I've marked a safe Take Profit area in the case you go long after trendline break.
Tension building up for BTC, how to move forward.We have seen huge swings lately and BTC has been ranging for the past weeks. The range has been long enough that it now is entering a phase where we can get a squeeze inside a trend line triangle. My expectation is that BTC will break out to the upside to enter Kumo Cloud, I estimate that because BTC has been pushing against it and not respecting the resistance alot.
When it does break out and stay in the kumo for a couple of days my execution would be to put a limit order at the Kumo Cloud bottom which now will have become support. I expect BTC to test the top of the cloud in the future espacialy as it also is an area of resistance based on past price action. If the market starts to go bearish this thesis is no longer valid and that is wy stop loss would be at the level where I think we confirm market is going bearish.
In a bearish situation I will not open any position at all as we are in a very discounted area for BTC and if we can learn one thing from the past it is that BTC has made it's most respectable increases in value after a period of consolidation -50% below it's ATH at that time.
The Ichimoku on this chart has settings: 20,60,120,30. This is because I see many people use this setting on crypto. This setting is good because with crypto being very volatile a longer length Ichimoku can help in having a clear view on the market while standard ichimoku does clutter the chart in the crypto space. However, it is good as an ichimoku trader to consult both the standard and the edited version.
BTCUSDT Down to 32000 and may be moreThe Russia and Ukraine war Pushed the price to the targets (I hope it ends soon).
We are in a strong downtrend .
Possible Targets are marked.
Bitcoin can see Zero Fibonacci again, 41500 4 hours oldBitcoin can see Zero Fibonacci again, 41500 4 hours old
Neutrality remains the master !Prices are still under pressure, with $BTC which remains undecided and fundamental issues from central banks but also from inflation which continue to weigh on the markets.
To frankly confirm a signal, both prices and the 4h Lagging Span must break their resistance :
Weekly Kijun, at $28.7 for prices. This area is a major resistance and it remains important to close above (remember that only the Weekly Candle confirm the signal for this Weekly support)
On the same area, the 4h Lagging Span is blocked by the 4h Tenkan. This one must break this Tenkan to confirm a bullish signal, at least on a 4h Point of View (short term)
Let's see how it goes,
What do you think guys ?
ETH finds a long term support !After the last red days, ETH is now on the edge of its Weekly SSB, lost in its Weekly Cloud.
This support, located at $2300, is a solid one and Daily Lagging Span can support prices for a possible bounce.
First target : Daily Tenkan at $2720 .
Beware that Monthly Kijun is currently above prices, it would be nice for ETH to go back above it before the end of the month.
If SSB breaks, a solid lower support is located at $2,200 ; the Monthly Kijun.
Let's look at the evolution !
Another test of its Weekly Kijun$ATOM is another time testing its mid term support (Weekly Kijun), in this $28 area.
If this one breaks, we'll take a look at the lower support at $26.
A strong one is the area of $20, because we could see a test of the Weekly Lagging Span on its Weekly Kijun.
As a target, the 0.382 Fibo Extension is still the resistance to break.
And $54 is also a very good target that prices can easily hit if momentum come back !
Let's wait and see !
STORJ ready to flySTORJ has now recovered with bullish candles from a downtrend after a bullish divergence appearing on 12hr and 4hr timeframes.
Storj is currently holding on to EMA50 and aiming to take EMA200.
Ichi span has exited out of a downtrend channel but still aiming downwards meaning it's too soon to enter this trade.
The recent buy-volume has secured Storj a double bottom since Aug 19th and we are to place our SL exactly under the range of the previous Ichi channel below the double bottom zone.
Keep in mind to profit-trail after your entry.
BTC's safe range for this trade is between 6800~8200.
ichimoku trade : short positionthese positives can be a pullback to ichimoku cloud. then I put sell position at 40.26$ and put stop upper than cloud with buffer. if trend start, I will change stop with kijunsen.
by a parallel channel it should come to 30.38$.
other parallel channel shows a good support that is available at the picture(about 30$ but it is dynamic).
sell pos.: 40.26$
stop loss: ichimoku cloud(about 47$)
target: reach the stop loss of kijunsen(maybe about 30$)
ichimoku trade : long positionbreaking the cloud,green cloud in future.
buy at 0.267$
stop loss: 0.226$ and if it rise it would be kijunsen.
ichimoku trade : long positionbreaking the cloud,green cloud in future,free laggingspan. best situation by ichimoku
buy at 2.40$
stop loss: 2.07$ and if it rise it would be kijunsen.
Fantom FTM Usdt breakout and retest of the all time highmessage me for any questions,
here i am using ichimoku, concencio moving averages and the resistance of the ath where i believe there is space for the price to move freely into and retest the All time high here.
we may also see a break out from the all time high having looked at the weekly chart, FTM hasnt really been affected by this downturn too much in the market and still is bullish printing a no, 1,2 and now 3 bullish candle (on the weekly Tom demark sequential)
My game plan here is to see a no8 print close to the resistance of the ath, take some profit, leave the rest, use trailling stop and wait for a break of the ATH.
