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Ichimokukinkohyo

GBPCAD Ichimoku Kinko Hyo AnalysisMonthly: no trend based on 5 lines of Ichimoku However, Chikou 9 still above candles => Price can still sideway-up or retrace a little bit to Tenkan-sen till 1 Sep 2023 Weekly: Kumo up Kijun-sen up Tenkan-sen up Chiko above candles Bullish Kyushu Ashi (note: Kyushu Ashi is in Kihon suchi => wait for the breakout bullish of daily to trade Daily: Price is in a small range between 1.70491 and 1.68908, however price is above Tenkan-sen Kijun-sen flat Chiko above candles Kumo flat Buy scenario: Price break the small range up, which also makes Kijun-sen up and Kumo up => buy based on lower tf Sell scenario: not recommend
Long
by UnknownUnicorn30166852
BTC/USD Monthly Chart - Volume POC AnalysisBTC/USD Volume Analysis - Bitstamp 1 month chart. BTC is still in a massive Ichimoku Y-Wave Pattern, which is like a western Broadening Wedge Pattern. BTC is also in a massive Ichimoku P-Wave Pattern, which is like a western Symmetrical Triangle or Pennant. BTC is also in a massive Rising Wedge Pattern. I have also added in various Support and Resistance lines on this chart as highlighted by the thin dotted straight white lines. Here is a closer look at this Bitstamp monthly chart: At the moment of typing this, BTC is still being hampered by its Key Resistance Area located with the dotted straight white lines with yellow shading. Note that on the month of 1st Feb 2023, BTC broke out of its Falling Wedge Pattern and successfully re-tested it as support, 1st on the month staring 1st Feb 2023 and 2nd on the month starting 1st Mar 2023. Looking at the Bollinger Bands we can see that the price is still under its Bollinger Bands Middle Band Basis 20 Period SMA on this month chart. Note that the Lower Band has started to curve back around straight. I have added a few FRVP (Fixed Range Volume Profile) indicators to every group of 3 one month candles on this visible chart, you can clearly see the various Points of Control (POC) for all those 3x one month candles which are indicated by the straight white line on each 3 month FRVP indicators. Looking at the month starting 1st Feb 2021, we can see that our Point of Control (POC) for those 3x one month candles is located at our UPPER Resistance/Support line of our Key Area of Resistance. If we look at the month starting 1st May 2022, we can see that our Point of Control (POC) for those 3x one month candles is located at out LOWER Resistance/Support line of our Key Area of Resistance. Looking at the Visible Range Volume Profile (VRVP), we can see where the Point of Control (POC) is for this charts Visible Range as highlighted by the Dashed straight white line. Looking at the Volume on this Bitstamp 1 month chart, we can see that this month’s Volume Bar ended above its 20 Period Moving Average. If we take a look at the Moving Average Convergence Divergence (MACD) we can see that the Red Histograms have consistently degreased in size since Sept 2022. The MACD Line (Blue Line) is indicating momentum is upwards and the MACD Line looks very likely to cross back ABOVE the Signal Line (Orange Line) on this monthly chart. If/when the MACD Line (Blue Line) crosses back above the Signal Line (Orange Line) it will create a new Green Histograms and a buy signal on this monthly chart for this indicator. When that happens it will be the first new Green Histogram since the month of 1st Dec 2021. Looking at the Up/Down Volume Indicator for this Bitstamp chart, we can see the difference between the buyers and sellers as indicated by the Delta Line in the Volume Bars. Note that this useful indicator takes into account the whole Candle Wick so the full Open and Close price and not just the Body of the Candle. If we take a look at the Average Directional Index (ADX DI) we can see that the Trend Strength hasn’t turned upwards yet with the ADX (Yellow Line) at 21.11 and note the DAX Line is still under its 9 Period EMA (White Line) which is at 26.34. Positive Momentum is sideways at the moment with the +DI (Green Line) at 22.05 and Negative Momentum is also sideways at the moment with the -DI (Red Line) at 19.06. A good sign to look out for on this indicator is when the ADX (Yellow Line) starts moving upwards and an eventually cross back ABOVE its 9 Period EMA (White Line) as well as an upwards trajectory for the +DI (Green Line) and a downwards trajectory for the -DI (Red Line) diverging apart form each other on this 1 month chart. As stated in my previous BTC post, the Price needs to successfully CLOSE ABOVE its Key Resistance Area and turn that area into Strong Support. So it seems there might be very interesting times ahead for BTC and the whole Crypto market, especially if we get a Buy Signal on the MACD Indicator if/when the MACD Line (Blue Line) crossing back ABOVE the Signal Line (Orange Line) on this 1 month chart. I hope this post is helpful.
BITSTAMP:BTCUSD
by entertheroach
3
BTC Cloud Analysis ☁️🇯🇵According to Daily Timeframe, BTC hit a supply zone which must be break above bullish in order to confirm the 24k target. Otherwise we can expect a retracement. At 21200 we have a fresh demand zone buying pressure is expected at least to push price higher. Ichimoku Cloud Signals: 1D Strong Kumo breakout, however the cloud is not very thick which indicates the trend is not that long term. Chiko + Tenkan sen and senko span A are pointing upwards which is great! Kijun sen and Senko span B are getting flat though, this means a retracement is imminent plus we approaching a Supply zone. 4H A retracement to Kijun sen already happened. All lines are almost pointing upwards strongly there's a bit of a curve which means it could range a bit before the next move. Kumo is way thicker which means the bull trend is getting more stable and stronger! 1H Senko Span B + Kijun sen got flat which means a retracement is expected to Kijun sen the yellow horizontal line marks the level the retracement could go down then we expect price to react to this and with intraday trend change confirmation + candlestick pattern we can go long with a 22.6k target if retracement happens. As this is a strong breakout on the Daily TF it could totally continue to breakthrough without pullback. 5M bar chart we can clearly see a range already forming on this resistance level. We need to see a breakout of the cloud with a strong signal coming along with lagging span to confirm that the retracement is happening. Please wait for this to end and trade in favor of the main trend from higher timeframes. Please manage your expectations and risk 2% of your capital per trade. Happy Trading ♥
BINANCE:BTCUSDLong
by KinaStar
2
Trend Continuation Idea 🤖 Multi-timeframe Technical Analysis: D1 Bounced off strongly from key support level that holds the uptrend within the ranging market. H4 Ichimoku Kumo Breakout destroying downtrend structure signaling the start of a potential reversal to the upside which goes along with Daily Timeframe trend and structure. Key Areas Key Support area: 0.2748 - 0.2493 (Potential Entries) Key Resistance area: 0.4558 - 0.5243 (Potential Targets) Please make sure to check brokers slippage along with trading fees for you to accommodate if the trading signal is useful for you or not. Do not risk entire portfolio on a single trade. Remember market is king! Stay healthy and happy trading!
Long
by KinaStar
WOOUSDT Long 🍉 Accumulation Market with potential Multi-timeframe Technical Analysis: D1 Accumulation Stage Market probably but it bounced off from key uptrend structure within the ranging market. H4 Kumo Breakout destroying downtrend structure signaling the start of a potential reversal to the upside, noticed it got rejected from the upper trendline so more confirmation could be needed depending on strategy. Key Areas Key Support area: 0.1463 - 0.1734 (Potential Entries) Key Resistance area: 0.2638 - 0.3059 (Potential Targets) Please make sure to check brokers slippage along with trading fees for you to accommodate if the trading signal is useful for you or not. Do not risk entire portfolio on a single trade. Remember market is king! Stay healthy and happy trading!
Long
by KinaStar
BTCUSD 🔥 Breakout or Correction!Hey guys! Today, I'd like to share my two ideas to which price might go for. I'll keep it short and sweet! 1. Breakout: This would mean continuation of the trend, this is resistance but can still totally be broken through and explode higher. The Ichimoku Cloud shows strength pointing upwards, usually when it gets flat it means a retracement is imminet and the trend needs to pause and breathe but we are not seeing that yet. Pay attention to Daily chart to forecast higher timeframe retracements on the cloud. 2. Rejection of Supply Zone. We could see a failed breakout ending up in climax because it's reaching the brodeaning area that BTC has been respecting and bouncing off for the past months. This means it will hit a diagonal resistance of the broadening channel. Keep in mind, we are approaching to a Supply zone too, which means a lot of people have been sitting in the red and are waiting for BTC to get there to break even and get out clean once and for all. Once we got a nice support confirmed for BTC, I'll suggest right then you can resume spot or futures trading with the alt coins. Meanwhile, wait for Daddy BTC to be in the clear to keep on the bullish continuation team! Remember the trend is your friend! ♥ Peace out, Kina
BITSTAMP:BTCUSD
by KinaStar
AUDCHF Ichimoku Kinko Hyo AnalysisMonthly: Based on 5 lines of Ichimoku, it is ranging Bearish monthly Kyushu Ashi, monthly is very close to Kihon Suchi 9 (around 1 May) Weekly: Kumo down but now flat Tenkan-sen, Kijun-sen at a same level Chiko-span below candles Bearish Kyushu Ashi (can still bearish till next Weekly Kihon Suchi (also Monthly Kihon Suchi - aka 1 may) Daily: Kumo down however now flat Kijun-sen down Tenkan-sen will soon point down Chiko-span below and far from candles Price below Tenkan-sen; Kijun-sen and Kumo and in the P wave and supported by Weekly Forecast line=> stay away until price break P wave down => Sell If not => not Reccomend to buy cause Weekly Kihon Suchi is a month later => price may likely to down-range till then
Short
by UnknownUnicorn30166852