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Ichimokuchart

Bitcoin Potential MovementAs Bitcoin consolidates we see some potential movement ideas. One is if BTC pulls back past the 56k mark there is a secondary support at 50-52k. If it does not pull back that far then we could potentially see movement off of the 56k support upwards toward 70k+. Multiple scenarios based on the Ichimoku Kihon Suchi are displayed, but all indicate upward movement. The key support is 56k so if it moves above, we will likely movement back upwards towards the 70k mark, with key resistance around 61k. If the 56k support falls, the 50-52k Support will likely fulfill the bottom end of the upward channel leading back to the upward trend. As always, comments and ideas are welcome! Please let me know what you think! This information is not trading advice, only my personal opinion on potential market movements, and is for educational purposes only. KUCOIN:BTCUSDT
Long
by Doc_Deez
4
Cardano (ADA) Potential MovementAfter the March 1 Mary hard fork ADA saw a pretty sharp downward trend for a few days with a little bit of a pull-back/range, then downward again. It looks like ADA could break either direction with the 1.025 area being the first point of support. If it breaks the 1.025 area it will be followed by a pretty wide potential support block between 0.84-0.95 at a 17 and a 9 period Kihon Suchi area. If there is a reversal around 1.025 (or even prior to that) we could see movement upwards again toward the initial resistance point of 1.30-1.32 as with the fork. If it can break 1.2 and 1.32 resistance we could see some consolidation at 1.5 with possible movement upwards of 1.7 at a 9 period Kihon Suchi or even $2 not far beyond that. If ADA continues downward past the 1.025 mark into the 0.84-0.95 range, there is potential to bounce back and continue the trend mentioned above at later time periods or go beyond that with the next real support being at the bottom. As always, comments and ideas are welcome! This information is not trading advice, only my personal opinion on potential market movements, and is for educational purposes only. KUCOIN:ADAUSDT
by Doc_Deez
2
SUSHI 4hr Kihon Suchi potential movementThere's a lot of patterns on this one. Potential reversal point tomorrow around the $19 mark. That particular area is the reversal point for the 200, 42, 26, and 17 periods. Each particular reversal on this seems to be somewhere around 15-25% each move whether up or down. I would expect the reversal to do the same and head toward the cloud at 18-20% or the $15.6 area. Normally I would add in a 9 period reversal area but I only see a couple reversals on that time frame here so I think if it reverses it will be slightly longer than the 9 period movement. If it pushes above the $19 area and closes above I would expect another 9 or 17 period movement before another reversal to potentially a new high over the previous one. As always, comments and ideas are welcome! This information is not trading advice, only my personal opinion on potential market movements, and is for educational purposes only.
Short
by Doc_Deez
XLM Daily Kihon Suchi potential movementThis is a hard one to look as the patterns are a little harder to discern. The lower timeframe charts are more bearish and there are some bearish movement indicators in the daily chart like the Chiko Span headed downward for the priceline and the Tenkan/Kijun crossover which already happened as the price gets closer to the Kumo. I see some decent resistance around $0.38 and if it can hold that in the next couple days there is potential to rebound back upward toward $0.52 based on the NT calculation. Other calculations will put the price higher around $0.63, but based on all of the chart evidence, IF it bounces back I don't see it breaking the $0.565 mark. In two days, if the trend continues, there is a pivot point at 17 periods from the last high candles with the potential to continue downward for another 9 periods to close out the 26 period cycle back down around $0.235 before another bounce upward. If there is a reversal at the 17 period marker, the upward trend to $0.525 could signal the next reversal downward at that area. I won't be participating in this movement as there is nothing concrete yet, but I like a long after a bounce off the .38 mark. Anything lower than that starts moving into the Kumo where there should be no trades. As always, comments and ideas are welcome! Please share your thoughts! This information is not trading advice, only my personal opinion on potential market movements, and is for educational purposes only.
by Doc_Deez
2
DOT Daily Kihon Suchi potential reversalSince around the 27th of December DOT has been on the climb without a significant pull-back but it looks like we are at the end of said pull-back. If the ranging continues until around 2 March we should see a reversal upward after a bounce off of the $29 area. Using the N Calculation a potential ceiling could be around $64 near the end of March which would be the 26 period reversal area. Using the Kihon Suchi idea, we are near the end of the 9 and 65 period reversal periods. As always comments and ideas are appreciated! This information is not trading advice, only my personal opinion on potential market movements, and is for educational purposes only. N Calculation C+(B-A) = D
Long
by Doc_Deez
3
BTC Ranging for the weekend? Thoughts?Based on Ichimoku Kinko Hyo analysis, it looks like we are ranging and potentially hitting possibility 1 or moving to possibility 4. - The purple boxes show ranging on the price and the horizontal Senkou Span B. - Kumo still showing slight upward movement - Tenkan Sen above Kijun Sen - Chiko Span upward looking and above price - Senkou Span A upward movement - Distance between recent high and Kumo Cloud is significant, but retracement inevitable As always thoughts, remarks, and ideas are always welcome! This information is not trading advice, only my personal opinion on potential market movements, and is for educational purposes only.
Long
by Doc_Deez