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Ichimokukinkohyo

BTC/USD - Ichimoku V Calculation, P Wave, Price & Number TheoryThis is an educational post analysing BTC/USD 1 day chart using a mixture of Goichi Hosoda's Ichimoku Ichimoku Kinko Hyo System, Cloud, Number Theory, Price, Time and Wave Principles and introducing you to these methods if its your first time hearing about them. I have been experimenting with the entire Ichimoku System so I hope that you find this post interesting and helpful. The Basics: BTC is still in the Bearish Zone under the Ichimoku Cloud Equilibrium Zone on this 1 day timeframe. The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the MID-POINT of the SHORT-TERM momentum is sideways at the moment. The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the MID-POINT of the MID-TERM momentum is sideways at the moment. The Ichimoku Cloud Lagging Span (Chikou Span) is indicating that moment at the moment is sideways. Note that the Lagging Span (Chikou Span) is still under the price from the past. Moving on from the Basics and on to more advance Price, Time, number and Wave examples: Using The Ichimoku Price Theory V Calculation V= B+(B-C) and changing it to Negative so it becomes V=B-(C-B) Our first Pivot point is A at $68,990 which serves as our base or plateu. Our second Pivot point is B at $32,926 and is part of the calculation. Our third Pivot point is C at $48,462 and is also part of the calculation. Using the Calculation V=B-(C-B) we have: (C) $48,462 - (B) $32,926 = $15,536. (B) $32,926 - (C-B) $15,536 = $17,390. Note that at the time of typing this, BTC’s low is around $17,695 which is pretty close to $17,390. So is this the bottom??? Probably not, because BTC is also in a Bearish P Wave as indicated by the light blue Descending I Wave and 2 Converging Trend-lines. This is the second Bearish P Wave that BTC has been in recently on this 1 day timeframe as can been seen from the previous light red Bearish P Wave. Note that I have used a V Calculation because the C is just past the 50% Fib re-tracement level. Ideally it should be at the 61.8% fib level between A and B but because its past the 50% it is slightly short but way too long to be a N, E or NT calculation so V will suffice. Note that the Price Targets are potential price targets which can lead to continuations or sometimes fail. In some respect, they are points where you may want to take profit or not. After many years of mathematical study, Goichi Hosoda finally settled on a set of numbers for his Number Theory, these numbers are, 9, 17, 26, 33, 42, 65, 76, 129, 172, 200~257. Note that 56 is not part of these numbers. These numbers are called Kihon Suchi and are used to project how many days, hours, mins (depending on what timeframe you are in) ahead a new High or Low, reversal ect may likely to occur using this Ichimoku Number Theory System. With Ichimoku number theory/time span, we don’t need to be 100% accurate with the numbers. Note that the distance between A and B is 75 bars, that’s 1 less then Goichi Hosoda’s 76 but that is absolutely fine with this system. Finding actual patterns is more important. Note that this V calculation could be lasting 257 Bars. We can see that from our BTC high at A we had 75 Bars until our low at B. We had 64 Bars from B to C but 65 Bars crosses over and leads close to a drop. From 2 Bars after C we have 42 Bars with a new low and the start of the Converging light red P Wave Trend-lines. I have added 26 Bars from the start of this recent downwards momentum, I have also added 33 Bars so only time will tell if a pattern emerges with these. I have not overwhelmed this chart with timespans and numbers, I have only added at places that caught my interest, and as can be seen on this chart, some of Goichi Hosoda’s numbers have been at points or close to points when things have happened to the price. So using the Negative V Calculation along with the P Wave, Timespan and Number Theory would have served you in good stead if you were shorting just after the price crossed B when moving from C especially as we have not finished the 257 Bar cycle yet. I hope this post has been helpful and informative and has shown you that the Ichimoku Kinko Hyo is so much more then just the cloud, it has its own Wave, Time, Price and Number Theories which i am by no means a master as i'm still a novice but i’d thought id share what i have been working on. I will hopefully update this post with more examples whenI have free time. I hope that this has been helpful. Notes: Ichimoku Cloud Conversion Line = Mid-Point of the Short-Term Momentum. Ichimoku Cloud Base Line = Mid-Point of the Mid-Term Momentum. Ichimoku Cloud Lagging Span = Actual Momentum Direction right now. Ichimoku Cloud Leading Span A (Senkou Span A) = Green Line on edge the Cloud. Ichimoku Cloud Leading Span B (Senkou SpanB) = Red Line on edge the Cloud. Equilibrium Zone = In-between the Cloud. Bullish Zone = Above the Cloud. Bearish Zone = Below the Cloud. V Calculation = A,B,C,D pattern. P Wave = Red and Blue Converging Trend-lines. Note that P Waves can be seen as Goichi Hosoda's version of Bullish and Bearish Pennant patterns. Note that the Blue Bar Lines on the chart are not support and resistance lines, they are just showing the distance between 2 points using Goichi Hosoda’s Numbers.
BITSTAMP:BTCUSD
by entertheroach
5
CRUDE OIL - MULTI TIME FRAMES ANALYSIS.WEEKLY (W1) Status quo, weekly closing level roughly the same than the previous week ! Still caught between the Kijun-Sen (Conversion Line) in support @ $ 102.39 and the Tenkan-Sen (Base Line) in resistance @ $ 110.94. The $ 114.10 level, mentioned in my last analysis of June 26th, has not been broken, highest level reached intraweek being $ 114.05. Last weekly closing @ 108.43 is above both the secondary weekly trend line support and the 21 days Moving Average ($106.54) which should be seen as a positive signal for the upcoming week. DAILY (D1) The clouds worked quite well in rejecting two consecutive downside breakout attempts; Friday's candle, a white one, with a closing level above the middle level of the previous one, should also be seen as an additional positive signal calling for higher levels in the upcoming daily trading sessions. The Tenkan-Sen or Conversion line @ $ 107.79 has also been broken which gives an additional support for an upward trend continuation. Please also take note that the last daily closing is above the ongoing downtrend line resistance. In this daily time frame, the level of $ 112.61 (already mentioned in my last analysis of June 26) should still be seen as the first significant resistance level to break as it is the level of the Kijun-Sen or Base line, ahead of the level of $ 114.10 mentioned in the weekly time frame. T o the downside, watch the bottom of the daily clouds (@ $ 104.79) as the first significant support level. A failure to stay and hold above this latter level would put the focus to the former low of $ 101.53 reached on June 22nd. 4 HOURS (H4) Watch the clouds as a barometer. 1 HOUR (H1) In short term recovery mode, facing the hourly clouds resistance area between $ 108.00 and $ 109.50. Tenkan-Sen or Conversion line @ $ 108.11. Below cluster of MA 21 ($107.13) et Kijun-Sen ($106.95) as next support area. CONCLUSION : W1 : IN CONSOLIDATION PHASE PROGRESS D1 : WATCH $ 104.79 AND $ 112.61 H4 : WATCH THE CLOUDS ($ 107.00-$110.30) H1 : IN SHORT TERM RECOVERY MODE Do you find my analysis valuable for you ? If the answer is YES, please do not forget to like it in Trading View(if you do not have an account yet, you can click on the following link, there are several plan depending on your needs, the basic one being free of charge :-), Trust me it is one of the best charting application available at the moment ! www.tradingview.com 1) like it on Trading View 2) add Ironman8848 on your following list 3) write a comment or remark at the bottom of my analysis Many thanks in advance. All the best. Kind regards IRONMAN8848 - Jean-Pierre Burki
NYMEX:CL1!
by Ironman8848
💡Don't miss the great Sell opportunity in XAUUSDHello to all dear traders Hope you are so good. Agree with a long term analysis? I started the gold analysis from the monthly chart, and I think gold may have down to $ 1680 in the coming months, but to make sure I had a closer goal for gold. The candlesticks may be in place in these pricing areas, however, I think gold will sooner or later start the path I specified after breaking the long -term trend line(--). Be careful about the chart after the process is broken to get into the deal. If you like my analysis please follow my page and like my post and comment ❤️🌹
OANDA:XAUUSDShort
by hamidreza_FX
5
As A Neutral Trader, What Would I Do For USDJPY?This USDJPY rally has been incredible. Thousand pips since March 2022. Anyway if I have NO position and what would I do this market? 1. If the market keeps rallying I would try to short whenever market near the upper chanel of my paralel trend chanel. 2. Let's say the market reverse downward I am going to look for confirmation to enter sell. Personally the rally has been huge so I will not prefer to buy. Just wait for the right moment to sell either whenever market up near the upper chanel of my paralel chanel or if the market comes down I will wait for the confirmation to enter short USDJPY.
Short
by HendyHalim
CADJPY - Comprehensive Ichimoku AnalysisCADJPY is bullish across multiple timeframes. A comprehensive top-down Ichimoku analysis can help us confirm our bias and find the best time to enter. Weekly: On the weekly chart, it is bullish. We have strong Ichimoku signals such as Tenkan-sen above Kijun-sen, a bullish Kumo cloud, Chikou span above price, and lower highs forming in price action. If we use a Kyushu legs analysis, we can see that the market is continuously bullish. Kyushu legs analyses momentum over the past 9 weeks and can also help us analyse time cycles and trend length. Using Kyushu legs, we can see that the last major bullish trend lasted 33 weeks. This gives us two targets. Given that the current bull period has lasted 23 weeks, we could expect it to either continue for 3 more weeks (making a total of 26 weeks, a significant Ichimoku number), or for the full 33 weeks, which would take us all the way to September. Either way, these both show that there is potential momentum remaining in this bull run. Daily: From the daily point of view, it is also bullish. We have price above Tenkan and Kijun sen, Chikou above price, and a bullish Ichimoku cloud. One thing that gives me caution is that the Kumo cloud is both flat and thin. This means it is weak and may not be a strong support in the case of a retracement. If we leave my weekly targets in view, we can look at the daily and plan some scenarios: The main scenario is a continuous move bullish, with minor retracements until 5 September. However, we do have major resistance points ahead as outlined below. 4H and below: On the 4H chart we can easily see the potential resistance points at 105.843 and 107.211. These are pivot highs, and I would not buy going into these. It is very risky, but a successful breakout of these levels would be powerful. Other signals on the 4H chart are positive. Bullish Kumo, recent bullish TK crossover, and Chikou just coming above candles right now. The 1H chart is also clearly bullish. However, the Tenkan-sen, Kijun-sen and Kumo lines are all flat. This is significant. It means that the market is not making new highs. We can even see this based on the wick from the previous candle. I would only buy into a market is Tenkan-sen, Kijun-sen, and Kumo are angled up. Whenever you see flat lines, it means that a retracement back to Kijun-sen or the Kumo cloud is more likely. How to enter: The long-term view is bullish, so I am currently looking for a chance to enter on the 5m chart. I am currently waiting for a resistance breakout, at the same time as bullish stochastic, price above bollinger bands, and relative strength on the pair versus all other CAD pairs. All of these confluences can give me the confidence of taking a bullish long trade with a very large lot size and small stoploss. You can use any entry criteria you like, as long as Ichimoku remains bullish on either the 1D and 4H chart, or 4H and 1H chart. If Ichimoku is bullish, then it increases the probability of a breakout, and in turn, increases the success of your trades. Conclusion: - Bullish on the weekly chart, with at least 3-7 weeks of potential bullish momentum - Bullish on the daily, with upcoming resistance points at 105.843 and 107.211 - Bullish on intraday timeframes, with a recent TK cross on the 4H chart - Waiting for a clear edge on the 5m chart to make an entry. I will wait until relative strength is observed, combined with resistance break, bullish stochastics, and bullish bollinger bands. I cannot emphasize enough that you need to wait for a clear edge to appear on lower timeframes. This type of trading is essentially breakout trading, and the majority of breakouts fail. Ichimoku helps us see when breakouts are more likely to occur, but Ichimoku by itself won't give you the exact trading signal to buy or sell. The entry might happen in a few minutes, later today, or not at all. We could see a bounce off resistance or a clear breakout. The beauty of Ichimoku is that it can help you plan your scenarios and easily see opportunities like this. Despite the long writeup, I was able to see everything above in less than 5 minutes of scanning. Keep an eye on multiple timeframes, use Ichimoku to gauge the trend strength, and use lower timeframes to find the edge to enter. Good luck!
Long
by ichimokucorner
CRUDE OIL FUT- CAUGHT BETWEEN KS AND TS !WEEKLY (W1) The 61.8% Fibonacci retracement @ $ 104.68 mentioned in my previous analysis has been filled with an intra-week low @ $ 101.53, which is the level of the Kijun-Sen or Base line and which worked, so far, perfectly well in rejecting the breakout attempt. The Crude Oil futures is caught between the Kijun-Sen (KS) in support @ 101.54 and the Tenkan-Sen (TS) in resistance @ 109.48. Last week price action showed some uncertainty and indecision about further development for the upcoming week as shown by the shape of the candle. (small body with long wicks... !) The weekly closing level @ $ 107,62 is above the ongoing support trend line, currently @ 105.18 and also above the 21 daily Moving Average @ 105.77 . On a weekly basis, an in order to come back in a sustainable bull trend, the Crude Oil should recover and close above the middle ($114.10) of the long black candle of the week before; indeed, such kind of price action would trigger a PIERCING LINE and would neutralise the ongoing downside selling pressure, once again in this WEEKLY PICTURE ! Looking at the DOWNSIDE, the KIJUN-SEN @ $ 101.54 IS THE SUPPORT WHICH SHOULD NOT BE BROKEN on a weekly basis closing level; indeed, a failure to hold above this level would put the focus on £00'51 which is the 78.6% Fib ret of the $ 92.93 - $ 123.68 previous rally) ahead of $ 92.93 former low of April 2022. DAILY (D1) After having successively marking lower closing levels than the previous one and this during 7 sessions in a row, on Thursday a DOJI took place which has been followed on Friday by a long white candle ( BULLISH ENGULFING PATTERN) Such kind of price action should be seen as a first positive signal calling for a recovery continuation and this despite the fact that no BULLISH DIVERGENCE has been detected yet and therefore should still be seen as a corrective move only, with the following targets : R1 : $ 109.99 R2 : $ 112.61 (very important as it is also the cluster of the Daily Tenkan-Sen and Kijun-Sen !) R3 : $ 115.22 On the downside a DAILY CLOSING BELOW $ 104,25 would put again the Crude Oil in its former daily downtrend. 4 HOURS (H4) Double bottom formation in this 4 hours time frame (trigger level @ 107.29) (Warning of potential BULL TRAP !) as the last candle was a DOJI and therefore should be confirmed for a target of $ 113.05 which is currently the bottom of the H4 clouds resistance area. On the downside, a failure to hold and stay above $ 105.40 (4 hours uptrend support line) would put the focus to $103.00 area (former downtrend line resistance) ahead of former low @ 101.53 1 HOUR After having reached an intraday high of $ 108.49 after the daily closing, the Crude Oil went down and broke its hourly uptrend support line; it is stil above the hourly Tenkan-Sen @ 106.74 and above the hourly clouds support ($106.35 - $ 105.07) A failure to hold above the bottom of the clouds around $ 105.00 would be the first warning signal of a continuation of selling pressure which corroborate the view expressed in H4) IRONMAN8848 - Jean-Pierre Burki
NYMEX:CL1!
by Ironman8848
BTC - RISING WEDGE IN PROGRESS...DAILY (D1) The RISING WEDGE is still in progress. Actually the BTC Is trying to upside breakout the Tenkan-Sen which is the first minimum and significative level above which the BTC should close on a daily basis (20'275). The LAGGING LINE and the RSI are currently confirming this uncertainty and indecision in showing a sideways move. Two breakout of the Rising wedge formation to look at are the following : 19'350 21'450 An upside breakout would invalidate this rising wedge formation in putting the focus towards the cluster of (KS, MA21 and downtrend resistance line (24'980-25'350) A failure to close on a daily basis above 1<9'350 would be the first warning signal of validation of this rising wedge which should be of course confirmed by at least a second closing level below 19'350. Target @ 16'184. (Warning at the BEAR TRAP !) 4 HOURS (H4) The uptrend support line which started at the lowest level reached so far @ 17'592 has been broken which has been followed by a pullback attempt, rejected by the Tenkan-Sen. Actually, in this H4 time frame, the BTC is still supported by the bottom of the cloud and is caught between the TS (20'640) and the KS (19'650). The LAGGING LINE is also between the TS and the KS and the RSI is below 50, @ 48.27. SUPPORTS LEVELS (H4 ) S1 @ 19'650 S2 @ 19'164 S3 @ 18'472 S4 @ 17'592 RESISTANCES LEVELS (H4) R1 @ 20'640 R2 @ 21'380 R3 @ 21'708 R4 @ 23'240 1 HOUR (H1) Same than for H4 where the uptrend support line has been broken and in this H1 time horizon, in making some fine tuning, we can see a first pullback attempt which has been rejected by, on one hand the Tenkan-Sen and on the other hand by the top of the H4 clouds. Currently below the clouds which should now be seen as the first resistance area (20'660-20'870 which is roughly the 50% and 61.8% Fibonacci retracement of the last downside move from 21'708 to 19'744 RESISTANCES LEVELS H1 R1 @ 24'495 R2 @ 20'726 R3 @ 20'957 R4 @ 21'287 SUPPORTS LEVELS H1 S1 @ 20'159 S2 @ 19'965 S3 @ 19'744 S4 @ 19'650 Do you like my analysis, if Yes, please do not forget to : 1) Like it 2) to add Ironman8848 in your following list 3) to talk to your friends about Trading View and Ironman8848 3) to write comments :-) Have a nice day, Kind regards and all the best, take care IRONMAN8848 - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
Ichimoko Cloud Breakout StrategyWe Must Pullback to Komu After Breaking Span B you can trade It. you must wait for signal from lowwer timeframes and if you find any reason for reverse you can trade it to span B and After That if you find Any Reason to back to trend you can enter in direction of trend and so on. but you must pay attention to pullbacks no early enter before you get expert in this method lower timeframes confirmation needed. its suitable to 15 timeframe and up. :D 100 % If practice is not forgotten Any Chart you Want you can use
TVC:GOLD
by Seyed_MEJZ
2
AUDCHF - New Downtrend?AUDCHF has recently broken the descending channel established in March. Additionally, AUD is currently the weakest base currency on my scanner, with 1H, 4H, and 1D weakness. Meanwhile, CHF is trending upwards, with 1H, 4H, and 1D strength. Combined, we have AUDCHF breaking support, AUD becoming weaker, and some healthy Ichimoku signals: On the 4H chart: - Bearish Kumo, angled down - Kijun Sen angled down - Tenkan Sen angled down - Chiko below candles - Recent break of support - Price below Tenkan sen These are all bearish signals. I will look for short trade opportunities on the 5m and 15m chart. Remember, a HTF downtrend doesn't guarantee a good short trade. Wait for a good opportunity to present itself on lower timeframes to increase the chance of success.
Short
by ichimokucorner
1