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Ichimokukinkohyo

Will Bitcoin Climb to 50K: Weekly Ichimoku Analysis for InsightsHistorical Parallels: Looking at prior price trends, Bitcoin's recent price action echo historical attempts in early '21 and mid '21 to breach a significant resistance (30k-31.84k). At present, Bitcoin's attempt to overcome a resistant level enveloped within a Kumo cloud replicate a familiar pattern, potentially foreshadowing an imminent breakthrough. Weekly Ichimoku Analysis: An examination of the recent trading week unveils intriguing details. The closure above the Kijun support resists downward pressure, conceivably priming the market for an upward trend. Simultaneously, subtle fluctuations in the Kumo cloud configuration hint at an impending stabilization phase. Eruptive Move: Rooted in these technical details, a forthcoming bid to surpass the Kumo cloud's barrier and reclaim the 43k threshold gains importance. Achieving it could potentially pave a clear route to the 50k mark, based on a consolidation near the 43k level. Kijun Support: It mainly depends on Bitcoin's ability to grip the Kijun support. Serving as a lifeline, any lapse in maintaining it might trigger a reversal. A failure to secure this support level might change the course towards revisiting the 15k territory. In summary, Bitcoin's current technical situation closely resembles past trends that often led to big price shifts. The coming together of resistance challenges, the appearance of the Kumo cloud, and the steady Kijun support all highlight the complex nature of the market. As the crypto community watches with anticipation, this intricate interaction could play a big role in determining where Bitcoin goes next.
by TheAltcoinBuff
BTC/USD 1 Week ChartOn Monday, BTC had finally crossed above and broke through its major resistance area located on this 1 week charts at $32,415 - $27,785. Note: BTC is still in a Rising Wedge Pattern as well as an Upwards Channel Pattern. BTC is still in a massive Megaphone/Broadening Wedge Pattern otherwise known as an Ichimoku Y-Wave Pattern. Take Note of the Liquidity Voids. Note that the 50MA is moving upwards so if we continue having positive momentum, we will eventually see a Golden Cross on this BTC/USD 1 Week Chart when the 50MA (Yellow Line) crosses back above the 200MA (Red Line). Here is a closer look at this BTC/USD 1 Week Chart. RSI: Note that the RSI has crossed into the Overbought Zone. Don't panic! The RSI Line can continue continue going further upwards as well as range sideways in this zone. Up/Down Volume:
BITSTAMP:BTCUSD
by entertheroach
3
GBPNZD Ichimoku Kinko Hyo AnalysisWeekly: Price in Kihon Suchi 33 based on Kyushu Ashi Daily: Tenkan-sen Kijun-sen almost cross Price broke the Kijun-sen Bearish Chiko 9 Kumo flat => Price can still range-down till 19 Sep 2023 H4: Kumo flat, small Kijun-sen flat Tenkan-sen flat Price below Tenkan-sen Price is at Kihon suchi in H4 => Sell when price broke the support (2.10937) and go to lower tf to find edge => If price broke the H4 Tenkan-sen, stay away (No buying and selling)
Short
by UnknownUnicorn30166852
Bitcoin👀Hello guys on the four and a half hour time frame with a short-term view; We can have a price correction up to the range of $26,665. This upward trend line that is clear in the chart is related to higher time frames. If the purple range ($29088) is completely consumed (which is highly likely), we will have a price correction in the lower time frames to the trend line range. Approval of this process has been issued by Ichi Moku! If the $32,578 range is completely consumed before the bearish trend begins, the situation will become very attractive. What do you think?
Short
by BiTBingo
IOTXUSDT 😀 Bullish reversal or double bottom We've got a green market overall as BTC is breaking highs but still we need to be wavy of bull traps!! Specially in alt coins so trade safe and go little by little by areas and taking profits as price goes up. Here's my unbiased plan: Bullish reversal scenerario Confirmation would be when price breaks above 0.01950 then we can look for buy set ups Target 0.20 to 0.22 area Bearish correction Confirmation would be a double top with price unable to break through and bouncing down from 0.0184 Target: 0.016 to 0.015 Let's see how this plays out and be patient for confirmations before pulling the trigger! Happy trading, Kina 😀
by KinaStar
Unlocking Nasdaq 100 Insights: Michael Burry's Vision & IchimokuAnalyzing the monthly Ichimoku chart of the Nasdaq 100 index reveals potential insights that align with Michael Burry's expectations. Upon closer examination, the lagging indicator is situated within the price movement itself, hinting at possible future price action. A careful observation indicates the likelihood of a pullback until the kijun-san level, considering that the tenkan-san is positioned below the kijun-san. Moreover, the price's current positioning above the kijun-san is notable. The cloud formation, characterized by its flat nature, holds significance. It suggests that the price might eventually breach the cloud, marking a pivotal point. This breach could trigger a series of events, potentially leading to panic selling. This chain of events might culminate in a retreat to a previously established strong support level, near the 5000 mark. Taking a broader perspective, it seems plausible that Mr. Burry envisions the Nasdaq 100 index descending towards this level. This anticipation could be fueled by the absence of significant price corrections since the initiation of the bullish rally post-March 2009. Notably, the current price trend exhibits characteristics of potential change; despite the price resting above the cloud, both the cloud and the individual tenkan-san and kijun-san lines remain flat. Additionally, a red candle formation following a sequence of five consecutive green candles on the monthly chart suggests a shift in momentum. In essence, considering these Ichimoku signals, there seems to be alignment with the notion that the Nasdaq 100 index might undergo a substantial correction, possibly drawing it closer to the support level at around 5000. This analysis underscores the complexity of the current market dynamics and the potential for shifts in sentiment and price direction.
NASDAQ:NDXShort
by TheAltcoinBuff
1
Indecision and Potential Reversal on Weekly Bitcoin ChartA weekly close above 30.6k could mark a turnaround, supported by rising Tenkan San and upward Senkou Span A. The lagging coming near to price and flat Kijun hint at consolidation. Continuous MACD crossings and red bars suggest ongoing bearish momentum. If we close above kumo cloud, it might set the stage for a trend reversal. This situation balances between consolidation and potential reversal, with a key role for the closing above kumo in determining future market direction.
by TheAltcoinBuff
GBPUSD : Scenarios and LevelsLevels calculate by help of Ichimoku, Standard Pivot, Order_block, Sentiment Analyses and also S&R. Sufficient accumulation of reasons indicates the possible existence of a reaction zone. Generally sentiment is Neutral! but new sellers joined recently! 1.2860 is where most bulls entered the market and they may exit in no profit and no loss in their entry point. it is also a weekly pivot point and and order-block you may wonder if you hear it's an ichi level too! Strong enough! 1.26651 is an ichi level! there is an ascending channel in the chart so take a little smaller risk for short positions. 1.2600 is around weekly pivot level and 1.2600 is a mitigated OB+. our TP will be around 1.2650
Short
by AliSignals
2