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Ichimoku Cloud

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 85 days, expanding (now at about 22%). The situation is more uncertain this week. Senkou Span A and Span B, Kijun and Tenkan are flat, indicating a sideways moment in the downtrend. Price is above the Kijun, indicating some appetite for recovery but still pegged to the same line. The Kijun Trend indicator as of today indicates looking for long positions, although the indication is weak, considering that price is still very close to the Kijun, which also tends to move lower. Heikin-Ashi: For the week the Heikin-Ashi indicates an uptrend last week, which stopped only on Sunday. Supports and resistances: - 25000.00 by Fibonacci - 22400.00-22600.00 Chikou cusp level or flat areas of Kijun and Tenkan - 21001.00 from Hosoda waves - 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 - 16608.16 from Hosoda waves - 10909.15 from the waves of Hosoda - 11000.00-13000.00 level Chikou cusps or flat zones of Kijun and Tenkan For the various static price structures you can 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 price for the daily time frame. 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: Fibonacci levels on the Daily still show us a positive long-term sentiment and places the 0 upside on 75000.00. Price is still below the 1 level, should it stay it will update accordingly. Conclusion: The BTC, after a week where it came to break the 22000 threshold at least with a high, has turned exquisitely bearish and presents a weak hint of a restart, which must be confirmed at least by the crossing of the indicated level. The well-known exponential moving averages often used in the Crypto market on the 200, 50 and 20 periods are aligned downtrending but price reached the longest EMA. The Kijun trend is indicative of looking for long positions, but the Hosoda waves continue to indicate downtrend targets: - V: 13356 - NT: 11377 - N: 7111 - E: 2845 It is important to assess the close of the week and during the week on the following price structures: - Bullish/Lateral: 22400.00 - Bearish: 19000.00 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
by TheSocialCryptoClub
1
$QNT retests the 200 MA After the quad bounce off of the 0.786 resistance line yesterday (Larger Circle), the $QNT market headed towards a retest of the 200 MA (Smaller Circle). It was beautifully executed, both the 200 MA and the ichimoku cloud were touched, retested and successfully held their ground. The $QNT market is on its way up again following the uptrend line I had drawn a few days prior of buying what seemed to be the bottom of this run. Hopefully we can see some very nice profit over the next couple of days! Thanks all for taking the time to view this idea! feel free to leave a comment and let me know if you agree with it or of there is anything I should consider on top of this information. I wish you good luck! <3
Long
by KneeSlappaa
8
July 6, 2022 BTCUSD - Ranging, waiting for momentum to show up. 1. Chico span is flat, showing no real momentum in any direction. Once chikou span starts running into price, you can typically expect a directional movement. Chikou span does not often run through price as Chikou span is 26 days in the past, which means that price has been ranging for the last 26 days when Chikou crosses over price. 2. Price is creating symmetry around Tenkan, and we do not see higher highs or higher lows. Price is consolidating within a range and will eventually break out in one direction, and momentum signals can help gauge which way price breaks out. 3. The Kumo cloud is shrinking, which means less volatility, but we still have Kumo span A pointed down in a bearish direction with Kumo span B showing no movement (flat). Price is well below both spans and shows no signs of engaging the cloud unless we soon see a break to the upside. 4. The volume momentum is dropping compared to the high of June 13. We also see the momentum oscillator showing a downward movement. Momentum analysis shows that we are in a range and will need to break out of the last fractal (orange line) or below the strong support (aqua line) before we see any momentum changes. Since we are in a downtrend and the Macro markets are still not in good shape, we can assume the probability is more downside. The only thing holding the price up is powerful support of 20k. When support has been tested multiple times, it can break down while orders fill at that level. The more we test the 20k levels, the more chance there is of it flipping to resistance and price staying under it. We stay neutral until we see a sign of directional momentum.
INDEX:BTCUSD
by gonz0w
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 77 days, shrinking (now at about 13.67%). All lines continue apart from the Senoku Span B and the Tenkan continue to indicate a general downtrend. On the medium term, the Tenkan is flat. The scenario is always downtrend with the possibility of lateralization. The Kijun Trend indicator always indicates looking for short positions. Heikin-Ashi: For the week the Heikin-Ashi indicates a firm downtrend. Supports and resistances: - 25000.00 from Fibonacci - 21001.00 from Hosoda waves - 20000.00 psychological threshold - 19100.00 Chikou cusp level or flat zones of Kijun and Tenkan - 17082.00 Chikou cusp level or flat zones of Kijun and Tenkan - 16608.16 from the waves of Hosoda - 10909.15 from the waves of Hosoda - 11000.00-13000.00 level Chikou cusps or flat zones of Kijun and Tenkan For the various static price structures you can 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 price for the daily time frame. 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 positive long-term sentiment and places the 0 upside on 75000.00. Price is still below the 1 level, should it stay it will update accordingly. Conclusion: BTC continues to downtrend on the daily and weekly time frame. A strong downtrend is present. The well-known exponential moving averages often used in the Crypto market on the 200, 50, and 20 periods are aligned in downtrend at the opening. The Kijun trend is indicative of looking for short positions. Hosoda's targets are. - V: 13356 - NT: 11377 - N: 7111 - E: 2845 It is important to evaluate the closing of the week and during the week on the following price structures: - Bullish/Lateral: 22300.00 - Bearish: 19000.00 Altcoin Cycle: For Bitcoin Dominance and 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
by TheSocialCryptoClub
1
Double Top Morning "Counteryeet" (Day Trading/Higher Timeframe)This details my newly coined setup The Counteryeet :D This morning my community and I were trading CME_MINI:ES1! futures on the 1 minute timeframe in line with the context of the broader higher timeframe price action. For context, right now on the Daily the stock market is in a bearish trend. Price pulled back to an Ichimoku Kijun Sen which represents the 50% Retracement from the June downward move. The failure to close above this key Resistance suggests in itself that the bear trend is not yet broken: The opening price action within the first 30 minutes gave us a "Yeet" up to the overnight 4:00am high on the 30 minute timeframe which sets up the potential double top: The 1 minute timeframe Yeet stalled out and could not confirm a second bar closing above the key 30 minute level. This was the first bearish sign. Confirmation that the major high is holding comes with the 9:41 bar closing below the Tenkan Sen (TS/Red Line/Trigger line) showing signs of a failed breakout: One could have played the initial pullback to the Trigger Line for entry but I waited for one more sign of confirmation in the form of a closing bar below the Reaction Low: The entry is then made on the pullback to the Trigger Line. A stop should comfortable clear the Major High and the target for a proper 3 to 1 Reward/Risk Ratio takes price down to where the morning began: With patience the Major High was never breached and price reached the initial trade target: The beauty of this trade is that it sets up a very LOW RISK entry to play the Higher Timeframe 30 minute Double Top as well as the Daily Trend Pullback. Keeping the initial stop and allowing the winner to run could yield a 15 to 1 ratio down to the 50% Retracement of the 30 minute bullish trend: This could even go further to retest the low on the Daily: Join me on links below to hang out as we do these live!
CME_MINI:ES1!Short
by norok
4
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: The Kumo has been red for 70 days, and the width is stable (now at about 23.18%). The Tenkan, Ichimoku's fastest line, indicates a bullish situation on the short term both in its direction and with respect to price. In contrast, all other lines indicate a general bearish situation. The scenario is always downtrend with sideways bias. The Kijun Trend indicator always indicates looking for short positions. Heikin-Ashi: For the week, the Heikin-Ashi indicate an uptrend downtrend with "strong" green candles but with a smaller body than those that drove the price down. Supports and resistances: - 25000.00 from Fibonacci - 23321.00 from Hosoda waves - 22600.00 Chikou cusp level or flat zones of Kijun and Tenkan - 21001.00 from Hosoda waves - 20000.00 psychological threshold - 19100.00 level cusps Chikou or flat zones of Kijun and Tenkan - 17082.00 Chikou cusp level or flat zones of Kijun and Tenkan - 16608.16 from the waves of Hosoda - 10909.15 from the waves of Hosoda - 11000.00-13000.00 level Chikou cusps or flat zones of Kijun and Tenkan For the various static price structures you can 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 price for the daily time frame. 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 positive long-term sentiment and places the 0 upside on 75000.00. Price is still below the 1 level, should it stay it will update accordingly. Conclusion: BTC continues to downtrend on the daily and weekly time frame. A strong downtrend is present with a glimmer of recovery considering the Tenkan.. The well-known exponential moving averages often used in the Crypto market on the 200, 50 and 20 periods are aligned in downtrend and the opening is stable. The Kijun Trend indicates the search for short positions. Price has reached the first target of the Hosoda Waves that we had indicated last week: 21001 and further downward waves have been created with the N target on 23221. It is important to assess the close of the week and during the week on the following price structures: - Bullish/Lateral: 21001.00 - Bearish: 19100.00 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: Increased. - Alt cycle expectation: Upward. 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
by TheSocialCryptoClub
ETH still bearish after a failed rally. 1. We have leveled out around 1122 over the last 3 days. The Chikou Span (green) is showing do immediate direction but is moving closer to price. If we stay ranging between 1000-1300 chikou will eventually start to push up against price action, and we could start to see a reversal. 2. The gap between Tenkan and Kijun is very wide, Kijun will stay flat for another 3 days unless we have a dramatic price move up, otherwise it will continue to fall after the 2015 high is taken out of the equation (once it is no longer 26 days behind current price). Price is bouncing off off the Tenkan (blue) as a resistance point. Remember Tenkan is the 50% re-tracement over the last 9 days, so price is in agreement with the tenkan line: over the last 9 days price is avg. of 1115. Price does not hangout around the mean very long. 3. Both Kumo Span A and Span B of the cloud are continuing downward and further away from current price. This shows strong momentum to the downside 4. Volume is increasing and showing bulls are fighting to hold above 1100, as orders get filled below these levels, support levels will grow weaker and eventually we will push through 1000 again to test the last local low of 875. At this point the daily chart has not shown us any signs that bulls are in control, we have leveled out a bit, but until there is a move over 1200, we are sill in a downtrend. You can look at the 6H or 3H charts to look for patterns of Higher Highs, and Higher Lows to catch early warning of a new trend, and then scale up to 12H to see if the same Higher High, shows on larger timeframes. Don't get caught in a Bull trap, wait for a confirmation on at least a 6H or 12H before trying to call the bottom. I personally will wait for the Daily to show me HH,HL.
INDEX:ETHUSDShort
by gonz0w
1
When to Look For A Bitcoin BottomI want to go on the record with what I will be looking for in the future with Bitcoin BITFINEX:BTCUSD . I have been consistent in my thesis since October 2021 that the bullish cycle of cryptocurrencies was ending upon the failed breakouts of the All Time Highs. Since November I have called the crypto winter and expected it to last through 2023. On an esoteric note I have observed much optimism among the Bitcoin Maximalists (Maxis) as they continue to "Dollar Cost Average". I have always been critical of this strategy as a Technical Analyst but many believe it is their best hope for acquiring an asset without concern for price. Bitcoin will always go up over a long enough timeline, right? I think that this lingering optimism is categorically not indicative of a bottom. A bottom is when the mainstream narrative is that an asset is a horrible investment and will never go back up. The way this narrative changes is with price decline over a sustained time to build frustration and boredom. It is for that reason I predicted that the crypto winter would need to last more than one full year following the November high or possibly into two years. From a Technical Analysis perspective using Ichimoku Cloud theory I have observed that price tends to be attracted to the most notable feature of Ichimoku, the Cloud, following a rapid price rise and then decline (otherwise known as a bubble and bust). Once the Kijun Sen (green line) is breached following a rapid advance price tends to be attracted to the Cloud and does very little meaningful movement until the Cloud is reached. This takes both price to move and time to pass for it to occur. We can study past examples of Bitcoin's history for examples: Bitcoin (Monthly) December 2019: There was a pump fake in Q1 2019 but price did not begin the next cycle until clearing the cloud following COVID Bitcoin (Monthly) November 2015: Price declined and lingered following the 2013 bull cycle until interacting with the monthly cloud Bitcoin (Weekly) September 2013: Dropping down to the Weekly as there is insufficient Monthly data this far back. The second leg of the 2013 cycle kicked off once price met the Weekly cloud. Bitcoin (Weekly) October 2011: Price continued to decline following the 2011 cycle until it met the cloud at which point a bottom was found. In these past examples a trader could have waited for enough time to pass that price would intersect the cloud and not miss the beginning of the next bull cycle. Technical Analysis is imperfect for predicting the future but it overlays an objective measure that encourages patience. That is what I hope to convey to those looking for a bottom during this bear cycle.
BITFINEX:BTCUSD
by norok
2
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 63 days, getting thicker and thicker (now at about 23.39%). All lines continue to indicate a general downtrend. In the medium term, the Tenkan is flat. The scenario is always downtrend with the possibility of lateralization. The Kijun Trend indicator always indicates looking for short positions. Heikin-Ashi: For the week, the Heikin-Ashi indicates a firm downtrend. Supports and resistances: - 25000.00 from Fibonacci - 21001.00 from Hosoda waves - 20000.00 psychological threshold - 19100.00 Chikou cusp level or flat zones of Kijun and Tenkan - 17082.00 Chikou cusp level or flat zones of Kijun and Tenkan - 16608.16 from the waves of Hosoda - 10909.15 from the waves of Hosoda - 11000.00-13000.00 level Chikou cusps or flat zones of Kijun and Tenkan For the various static price structures you can 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 price for the daily time frame. 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: Fibonacci levels on the Daily still show us a positive long-term sentiment and places the 0 upside on 75000.00. Price is still below the 1 level, should it stay it will update accordingly. Conclusion: BTC continues to downtrend on the daily and weekly time frame. A strong downtrend is present. The well-known exponential moving averages often used in the Crypto market on the 200, 50, and 20 periods are aligned in downtrend at the opening. The Kijun trend is indicative of looking for short positions. Price has reached the first target of the Hosoda Waves we had indicated last week: - V: 21001 - NT: 16608.16 - N: 10909.16 - E: 5210.16 It is important to evaluate the closing of the week and during the week on the following price structures: - Bullish/Lateral: 21001.00 - Bearish: 19100.00 Altcoin Cycle: For Bitcoin Dominance and 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
by TheSocialCryptoClub
1
$BTC #Dailychart Not showing any signs of reversing. #ichimoku BTC has a chance to stabilize here between 20k and 22k. 1) The distances between Chikou (green) and price action is a large gap, price often turns around when chikou runs into price. Th gap between the last low and 26bars in the future is also very large, Both of these distances show momentum and if the gaps start to close we have slower momentum. 2) Tenkan/Kijun crossover is bearish, both the 26 day and 9 day averages confirm that BTC is pretty neutral. The price is good, maybe we sit here for a few days to a week before making another move. (News is not being factored in, this is just pure TA) 3) The gap in the cloud is wide, the cloud is bearish (red), and eventually the gap should shrink, it has a better chance of getting more narrow that it does wider, but anything can happen. The direction of Span A is bearish (angled down) and Span B is Neutral creating a resistance level. if we consolidate here and don't drop between 20500ish, then we will see Span B stay flat for a while and Span A can start to close the gap in the cloud by moving up as the average of tenkan and Kijun consolidates sideways. 4) %B set to 50 SMA and 2.0 Standard Dev (50 day Bollinger bands), are showing that we are outside of the bands (below 0) and we are heading back within the bands (direction of signal is up towards 0). this is an oversold condition that looks to be stabilizing. signal below 0.0 oversold. signal above 1.0 overbought. Overall bearish, 20k is a big number, we have a chance of hitting bottom but the only signal that says that is the oversold condition heading back into 2.0 StDev zone. There are a lot more signals saying we are continuing the downtrend.
INDEX:BTCUSDShort
by gonz0w
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 56 days, tapering slightly (now at about 15.54%). Again, all lines indicate a general downtrend. On the short term Tenkan crossed the Kijun in a downtrend. So the scenario continues to be bearish anyway. The Kijun Trend indicator always indicates looking for short positions. The price was around the Kijun but did not make it past it and was rejected. Heikin-Ashi: For the week the Heikin-Ashi indicates a sharp downtrend. Supports and resistances: - 75000.00 from Fibonacci - 67000.00 from all-time high - 66001.41 from all-time high of the Chikou - 51800.00-52600.00 from Ichimoku Flat/cusp areas of the Chikou - 49000.00-51000.00 Fibonacci, psychological threshold and Kijun Weekly - 44400.00-45600.00 from Ichimoku Flat/cusp areas of the Chikou - 41200.00 from Ichimoku flat/cusp areas of the Chikou - 39400.00 from Ichimoku flat/cusp areas of the Chikou - 37000.00 from Ichimoku flat/cusp areas of the Chikou - 35700.00 from Fibonacci - 35000.00 from Ichimoku flat/cusp areas of the Chikou - 33500.00 from Ichimoku flat/cusp areas of the Chikou - 30300.00 from Ichimoku Flat/cusp areas of the Chikou - 28700.00 from Ichimoku Flat/cusp areas of the Chikou - 25000.00 from Fibonacci For the various static price structures you can 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 price for the daily time frame. 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 now very close to level 1 at 25000.00 and 0.786 on 35700.00. Conclusion: BTC continues to be in a downtrend on the daily and weekly time frame. All lines confirm this and the Kijun both daily and weekly have fallen abruptly, particularly on the daily this has allowed the price to go above the Kijun. A strong downtrend is present. The well-known exponential moving averages often used in the Crypto market on the 200, 50 and 20 periods are aligned in downtrend. A significant element is provided by the Hosoda waves that are posed with a bearish impulse with the following targets: - V: 21001 - NT: 16608.16 - N: 10909.16 - E: 5210.16 It is important to assess the close of the week and during the week on the following price structures: - Bullish/Lateral: 28600.00 - Bearish: 27000.00 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: Abrupt decrease. 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
by TheSocialCryptoClub