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Ichimokukinkohyo

BTC/USD ✡️ At the end of June 2021, I predicted the last correct BTC according to the prediction (time). Thereby creating an equilibrium with strong price in this area (29k-35k). 1️⃣ After creating the double top pattern, BTC reversed and the price is now responding to the previous balance area (32k). From the point of view of ichimoku BTC is currently on the cyclical timeframe completing the N wave pattern or we can understand it in the West as the ABCD pattern wave. Duplicate point of this wave model is gives us a reversal result at the end of the N wave or the D point (wave ABCD). 2️⃣However, it is necessary to save the most recent candlestick patterns in the present. We all gave us a “continuity SD (supply) view” at the 42k price area. Therefore, to have a clearer view we have to analyze the multi-frame time intraday chart (D1). 3️⃣ In the process BTC's horizontal range is moving in a small triangle like the trendline in the picture. 𝑲𝒆̂́𝒕 𝒍𝒖𝒂̣̂𝒏: The main scenario will be ichimoku's first wave island. However, the component condition depends on the order when the line breaks the small triangle in chart D1. 𝑳𝒖̛𝒖 𝒚́: The document will be canceled when the valuation line through the equilibrium point is created before the 32k area.
Long
by Shin_ichimoku
Three peaks at resistance pointI have been watching this pair very closely today as it broke the very long term trendline (purple) and I am expecting it to move back down to the bottom purple line of channel in due time. Distance from Kijun is also very high and a retracement has to happen naturally. Possibility is to wait for more clear trend direction change and use a bigger stop loss instead of guessing top with red trend line as I do here. You can target much lower than this take profit and increase risk to reward but probability of trade finishing will be much lower. Trend lines when zoomed out:
Short
by Honestcowboy
Tension building up for BTC, how to move forward.We have seen huge swings lately and BTC has been ranging for the past weeks. The range has been long enough that it now is entering a phase where we can get a squeeze inside a trend line triangle. My expectation is that BTC will break out to the upside to enter Kumo Cloud, I estimate that because BTC has been pushing against it and not respecting the resistance alot. When it does break out and stay in the kumo for a couple of days my execution would be to put a limit order at the Kumo Cloud bottom which now will have become support. I expect BTC to test the top of the cloud in the future espacialy as it also is an area of resistance based on past price action. If the market starts to go bearish this thesis is no longer valid and that is wy stop loss would be at the level where I think we confirm market is going bearish. In a bearish situation I will not open any position at all as we are in a very discounted area for BTC and if we can learn one thing from the past it is that BTC has made it's most respectable increases in value after a period of consolidation -50% below it's ATH at that time. The Ichimoku on this chart has settings: 20,60,120,30. This is because I see many people use this setting on crypto. This setting is good because with crypto being very volatile a longer length Ichimoku can help in having a clear view on the market while standard ichimoku does clutter the chart in the crypto space. However, it is good as an ichimoku trader to consult both the standard and the edited version.
by Honestcowboy
BTC/USDToday could be a very crucial daily candle close for BTC. Note that if this daily candle closes ABOVE the Descending Trend-line, it will also close ABOVE the Bollinger Bands Middle Band Basis 20 Period SMA on this 1 day timeframe. Note that if/when BTC closes a daily candle ABOVE the BB Middle Band Basis, it will be the first time it has done so since the 27th December 2021. If/when BTC closes a daily candle ABOVE the Descending Trend-line then a successful re-test as support will be crucial for continued upwards momentum and proof that the bottom has now been and gone. Failure to close a daily candle ABOVE the Descending Trend-line will result in more downside momentum.
BITSTAMP:BTCUSD
by entertheroach
5
BTCUSD Bird's eyes view by IchimokuIt's often a good idea to take some height and look at the market in a longer perspective. One of the unique strength of the Ichimoku System is the ability to easily do multi-timeframe analysis with a really strong level of precision. So let's just do that today with the BTCUSD. Looking at the Monthly chart here, we can see how strong was the level of resistance given by the Monthly Kijun Sen (purple line) for three consecutive months last year, in May, June and July, and this year in January and until today. So far, the price never crossed that level to the downside. As a reminder the Kijun Sen is the mid-price of the last 26 periods, so 26 months in that case. It is very significant. Still in the Monthly timeframe, we can also see that the correction was made with 3 consecutive red candles. After 3 red candles, usually comes a blue one in that kind of setup. It may happen this month, or latter. Now, going down a bit to the lower time frame, the Weekly chart, we can do the same observation. The price never crossed the confluence of the three Monthly Kijun sen (dotted purple line). So on this timeframe which represent the medium term, we can see that we are not (yet) in a bear market as some might have claimed. Weekly Chart: Yet, the BTCUSD is not out of the woods. Still on the weekly timeframe, the price is in the Cloud (= neutrality). Only if/when the price will break the Cloud on the upside AND the that the Lagging Span confirms by being above the price then we'll be able to tell that the current correction is over on this timeframe. Overall, the way I see the BTCUSD (and most other Cryptos) is that we had a major correction, that the market found important level of support from where it could rally. Only if these levels breaks that we'll enter a medium term bear market on this asset. Now, we can only talk about a correction. For today's BTC analysis, you can hop to: You can ask me in the comment below for my view on a specific pair, indices, stock, crypto. I'll try to oblige if times permit , but no promises ;) Glossary : TS = Tenkan Sen | KS = Kijun Sen | LS = Lagging Span/Chikou Span DLY = Daily | WLY = Weekly | MLY = Monthly TL = Trend Line | TP = Take Profit | SL/ INV = Stop Loss / Invalidation | TF = Timeframe ** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. **
by FoxTrading-Official
1
ETHUSD trying to break the Daily KijunETHUSD is trying to break its Daily KS. We will have to wait today closing for a confirmation. In that case, the next targets and level of resistance are formed by the Daily and then Weekly KS above. You can ask me in the comment below for my view on a specific pair, indices, stock, crypto. I'll try to oblige if times permit , but no promises ;) Glossary : TS = Tenkan Sen | KS = Kijun Sen | LS = Lagging Span/Chikou Span DLY = Daily | WLY = Weekly | MLY = Monthly TL = Trend Line | TP = Take Profit | SL/ INV = Stop Loss / Invalidation | TF = Timeframe ** THIS ANALYSIS IS MY OWN OPINION AND IS NOT A TRADING OR INVESTMENT ADVICE. **
COINBASE:ETHUSD
by FoxTrading-Official