Ichimokukinkohyo
Why BTC Can Revisit 18.5kHello traders, this week we've seen a change in momentum for BTC.
In my analysis I combine some basic ICT concepts with Ichimoku. This is a swing-trade type setup.
Observe the 4H timeframe :
After a major drop in price, BTC began consolidating since the beginning of November. Note the overlapping and flat behavior of the TK (blue), KS (pink), and Chikou-span (yellow) line.
This week we've seen the shift in momentum with the TK line turning upward and crossing the KJ line, hinting a shift of short-term momentum.
During the drop BTC created a liquidity void, providing a pool of liquidity for BTC to return back to. I believe we are beginning to see the return to this area before a continuation downward.
The real liquidity appears to lie around the 18.9k area, but with an ICT order block creating resistance around 18.5k the more conservative target would be the order block.
I am anticipating a breakout to the upside above the cloud and a re-test before a move up to complete the "pattern".
On the daily timeframe we can see this is a return to the KJ line. All lines have gone flat - if you study Ichimoku you would know that not only does this tell us that BTC has obviously been consolidating with sideways price action, but also that
We have a greater chance of price returning to the KS line which happens to be confluent with our order block area.
When the TK and KS line are abnormally this far apart, this also frequently signals a high probability for a pull back to KS line (equilibrium).
Not financial advice. All the best.
'AMZN' what happened now? Hello friends !
Today we will see AMZN
So far we have protests, epidemics, interest rates and other things that are telling us not to invest anywhere.
I agree with everything!!
let's get some trades though and leave the future to the wizards
the stock seems to want to climb up again, although will meet some resistance at first
because of the holidays .. I think we will have a rise and then it will fall again.
Let's see!
This will be a Christmas present..
If you liked this idea or if you have your own opinion about it, write in the comments.
Thanks for reading!
USDCHF Ichimoku Kinko Hyo Analysis Weekly:
Price in Weekly bearish Kyushu Ashi
Tenkan,Kijun,Kumo flat
Chiko below candles
Daily:
Kijun will soon be down
Tenkan flat => price is in equalibrium in short term
Bearish Kumo (Span B will soon be down)
If the price break resistant => Tenkan wil be down ,Kijun down
=> Look for the sell chance
Price may continue its downtrend or go range until next Kihon Suchi
Price action: Price is in a triangle ( Lower Highs, Lows remain the same)
Long EURUSD
Daily
Green Kumo
Wide Kumo
Tekan San is Pointing Up
Chicko Above Price
4HR
Tekan is Pointing Up
Chicko Above Price
Kumo is just Changing to Green
Gold Cross
1HR
Kumo is Green
Fibonacci Level at 50.0%
Possible Trade Scenario
Price breaks and closes 4HR TL on 1HR chart then heads to TP1 or -27.00%
GBPUSD LONG
Daily
1. Kumo Cloud is Green
2. Kumo Cloud is Wide
3. Tekan Sen is pointing up
4. Chicko above Price
4HR
1. Kumo is Green
2. Gold Cross
3. Chiko Above Price
1HR
1. Kumo is Green
2. Kumo is Wide
Price Action
1. Fibonacci Level bounce off 50.0-%
2. Price has formed ascending channel and is approaching 4HR resistance
Possible Trade Scenario
1. Expect PRICE to retrace and reject on 4HR Kijun Sen.
2. Expect PRICE to break and close above 4HR resistance line on 1HR Time Frame and head to TP1 / TP2 (-27.00%/-61.80%)
USDJPY broke Daily support, bearishComment:
USDJPY broker the support level of 137.695, continuously bearish.
Ichimoku Trend Analysis:
- Kumo (Senko span A and B) down
- Kijun sen down
- Tenkan sen down
- Chiko span below candles
Next Scenario:
Possible to reach 131.740 as it continuously goes down.
Possible 5% drop on Gold Possible 5% drop on Gold from $1775 to $1687.
After reaching top of the channel today 1st of December we might experience a fall for another 7-9days to retest 1700 and most likely 1687 mark.
High possibility doesn't mean 100% certainty so this is not a trade advice.
Happy trading everyone.
QQQ setting up ReversalQQQ has been downtrending however-
it broke through the mid-Fib levels which are now resistance
the Momentum Oscillator shows bearish momentum decreasing to nearly zero
the red dot on the center line suggests a squeeze is underway
recent candles are small range and nearly Doji
candles on the RSI Ichimoku are wide range and volatile
in general relative strength is rising in bullish divergence
Accordingly I will close the put options and open call options
with 48 hours of time to expiration at a strike 1% above current price.
AUDNZD Ichimoku Kinko Hyo AnalysisWeekly:
Tenkan down
Kijun,Kumo flat
Chiko below candles
Kyushu Ashi down
Daily:
Kumo down
Kijun soon will be down
Tenkan down
Chiko below candle
More likely the price will be down-sideway until Next Kihon Suchi in Weekly tf (12 Dec 2022)
Looking for the sell chance in LTF if the price breakout
CADJPY Ichimoku Kinko Hyo analysisWeekly:
Ichimoku:
Tenkan, Kijun dead cross happen
Chiko is breaking candles
price react Weekly forecast line
Kyushu Ashi:
4 down trend Kyushu Ashi appeared
Next Kihon Suchi will be 2 Jan 2023
Daily:
Kumo down (span A + B down)
Kijun down
Tenkan down
Chiko below candles
Note: Down Kyushu Ashi in weekly tf => the price most likely to be down until 2 Jan 2023
=> 50% down, 30% range, 20% up
looking for the sell chance in lower timeframes
Ichimoku Analysis for MATICClosing below the cloud and also lagging below it will be a good short signal.
CADJPY down after H&S neckline breakoutComment:
CADJPY is trending down after Head and shoulders neckline breakout as well as Ichimoku trend analysis.
Ichimoku Trend Analysis (KTS):
- Kumo (Senko span A and B) down
- Tenkan sen down
- Kijun sen down
- Chiko span below candles
Next Scenario:
Need to wait for today's candle close. And once the breakout is confirmed, look for a selling edge.
Target to be 102.582, then 101.413.
EURCAD is bullish nowComment:
EURCAD is bullish based on Ichimoku trend analysis.
Ichimoku Trend Analysis (KTS):
- Kumo (Senko span A and B) up
- Tenkan sen up
- Kijun sen up
- Chiko span above candles
Next Scenario:
Market is going up towards 1.39766. Once it breaks, it can reach 1.42354, then ultimate target to be 1.46381.
GBPCAD is continuously bullishComment:
GBPCAD is continuously bullish after my analysis yesterday.
Ichimoku Trend Analysis:
- Market is above Tenkan sen
- Chiko span above candles
Next Scenario:
Market touched the resistance of 1.61814 and retracing today. Better to wait for the breakout for the next buying opportunity.