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Ichimokukinkohyo

BTC-TRIANGLE ! 43'659 & 37'235...Looking at the DAILY picture, we can see a TRIANGLE PATTERN IN PROGRESS, with the breakout levels , currently and respectively : @ 41'320 on the upside and @ 39'574 on the downside I MPLICATIONS ON A DAILY BASIS CLOSING LEVEL : upside breakout : TARGET @ 43'659 (currently the Mid Bollinger Band and the Kijun-Sen) downside breakout out : TARGET @ 37'235 (currently, roughly the ongoing weekly uptrend support line, starting @ 32'950, low reached in January. RSI , below 50, @ 41.44 LAGGING LINE attempting to hold above both KS and TS Continue to monitor closely price action and especially, WATCH THE CLOUDS !!! 4 HOURS (H4) Caught in a relatively narrow trading range which confirm growing uncertainty about further development. Currently attempting to upside breakout the Kijun-Sen with difficulty... successive small candles !!! RSI also below 50, @ 46.23 LAGGING LINE far below the clouds and still below both TS and KS Last but not least the 4 hours clouds resistance area is very thick (41'468-23'338) which means very strong resistance zone which should be broken to really confirm a reversal. 1 HOUR (H1) Currently attempting to breakout the clouds to the upside without great success for the time being... On this hourly time frame, watch the clouds too (40'255 - 40'570) as a sustainable breakout of one of those levels would give the direction for further short term price action. Do you like my analysis ? ifYES, please do not forget : 1) to like it 2) to add Ironman8848 on your following list (if it is not done yet :-) Have a great long weekend and have fun All the best Take care IRONMAN8848 - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
bBTC-CAUGHT BETWEEN CLOUDS AND KIJUNSEN DAILY (D1) The BTC is caught between two important levels, which are : on the downside, the DAILY CLOUDS SUPPORT ZONE (39'900-40'100 on the upside, the WEEKLY KIJUN-SEN (in overlay in the daily chart ) Therefore, ONLY A CLEAR AND SUSTAINABLE BREAKOUT OF ONE OF THOSE LEVELS WOULD SHOW THE NEXT DIRECTION. WEEKLY (W1) In this regard, the upcoming weekly closing level, would also be important for further development in the weekly time frame as the weekly clouds bottom level, also coincides with the important and psychological 40'000 support level . 4 HOURS (H4) The 4 hourly KIJUN-SEN, act perfectly well as resistance level so far (currently @ 40'816) and should still be seen as a good leading intraday indicator for further development. The BTC is currently in this time frame, below bot MBB and KS , which should be seen as the first resistances levels to break before the Kijun-Sen, slightly higher. 1 HOUR (H1) After having filled the 50% Fib ret @ 41'334, in reaching yesterday, an intraday high @ 41'557, the BTC failed to maintain its upside bias and went down in falling, again, below the hourly clouds and below the MBB , which is currently under upside breakout attempt. The HOURLY CLOUDS AREA (40'415-40'936) remains the zone to watch at very carefully as short term resistance zone and on the downside, monitor the former double bottom lows slightly above the 39'000 area. IRONMAN8848 - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
5
BTC-WATCH THE CLOUDS-D1 and W1 !WEEKLY (W1) Last week price action triggered a LONG BLACK CANDLE (BEARISH SIGNAL) which managed to close above the Tenkan-Sen @ 41'279. The ongoing candle, firstly broke, yesterday, the TENKAN-SEN and went lower towards the bottom of the weekly clouds which act, for the time being as support.. In order, in this weekly time frame to neutralise the selling pressure, the BTC needs, at least to recover above the former support (Tenkan-Sen) @ 41'279; this would be the first step of a potential recovery. A failure to do it on a weekly closing basis, would keep the focus on the bottom of the weekly clouds (@ 39'895) ahead of the next significant support @ 36'425 (former primary support trend line and monthly KIJUN-SEN. DAILY (D1) The cross-under 41'279, as expected and mentioned in my last analysis (see related ideas) triggered a downside acceleration in breaking in its way the psychological 40'000 support level in making an intraday low @ 39'218. A natural pullback took place, attempting to recover above the former support (daily thin clouds), currently 39'900 and 40'100 RSI @ 37.70 LAGGING LINE attempting to stay above both KS and TS. 2 SCENARIOS COULD BE SEEN FROM NOW : 1) BULLISH A successful breakout and a daily closing at least above 40'000 would neutralise "temporary" the ongoing downside risk calling for lower level; nevertheless, such kind of price action should be confirmed by an upside move continuation at least above the middle (40'841) of the yesterday's long black candle (bearish), which if seen, would trigger a PIERCING LINE , (1st bullish signal), A much bullish signal would be given by a daily closing above both the Kijun-Sen @ 41'279 and above the yesterday's opening level @ 42'159, which if achieved would trigger a BULLISH ENGULFING . a pattern which should be seen more powerful than the Piercing line previously mentioned. 2) BEARISH If the ongoing pullback attempt fails and do not achieve to recover above the levels above mentioned in the bullish scenario, then the focus will switch firstly towards the secondary support trend line (minor support) around 39'000 ahead of the more important support of 36'425 being firstly the monthly KIJUN-SEN and secondly the primary support trend line. CONCLUSION : Once again the CLOUDS and LAGGING LINE will give the answer !!! 4 HOURS (H4) Currently far below the clouds and also below TS, KS and MBB In this 4 hours time frame, it looks like any recovery should be seen as a corrective move only in an established ongoing downtrend and any rally should be considered as a better selling opportunity. It is not a surprise to see that the H4 TENKAN-SEN @ 41'334, coincides roughly with the Daily TS @ 41'279 previously mentioned as an importance new resistance to break in order to neutralise the ongoing downside move; therefore, this resistance area corroborate the daily view and as long as the BTC does not achieve to recover and hold at least above 41'279, the picture will remains bearish. 1 HOUR (H1) Currently above TS and facing the Mid Bollinger Band resistance @ 40'251 ahead of KS @ 40'793 No RSI bullish divergences detected yet in this H1 time frame which mean, for the time being corrective move and not trend reversal yet !!!! Last but not least the hourly clouds resistance are @ 42'613 (twist). IRONMAN8848 - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
3
BTC-DAILY-YESTERDAY'S CLOSING BELOW KS!DAILY (D1) Second daily closing in a row below the KIJUN-SEN (KS) ! As mentioned in my yesterday's analysis, a failure to recover and close above the KIIJUN-SEN, which is now @ 43'549 would increase the risk for further downside in putting the focus for the next support area around 41279, being the weekly TENKAN-SEN (or conversion line) , ahead of the psychological 40'000 level which also coincides with the daily clouds (very thin !) support area. Once again, THE KIJUN-SEN remains the KEY PIVOT LEVEL TO THE UPSIDE and as long as the BTC remains below this level, the downside riks will remain. A successful recovery (daily closing level) above the KIJUN-SEN would reopen the door for the CLUSTER of MBB and TS , currently @ 44'800 ahead of the ongoing downtrend resistance line around 45'750. RSI below 50, @ 45.29 and LAGGING LINE moving above the clouds in a sideways mode. CONCLUSION : 2 levels to watch UPSIDE : 43'549 DOWNSIDE : 41'279 4 HOURS (H4) Currently caught, in this H4 time frame, between the Tenkan-Sen @ 42'510 in support and the Mid Bollinger Band @ 43'028 RSI @ 39.07 and Lagging line moving in a sideways mode. Consider MBB as a good barometer which worked perfectly well so far. 1 HOUR (H1) No change in my view, monitor and watch closely at the CLOUDS, in resistance for now and watch the former short term double bottom reached before yesterday (bottom 1) and yesterday (bottom 2) around the 42'000 support area. Double bottom trigger level @ 42'645, filled and moved higher towards an intraday high of 42'900 before currently coming back (pullback) towards the double top trigger, which also coincides with the H1 Mid Bollinger band. A failure to hold and close on H1 basis above 42'645 would put the focus again to the 42'000 area first. Looking briefly at the ongoing weekly picture , we can see the BTC, currently is still below the Mid Bollinger Band @ 43'746 and roughly in the middle of the weekly clouds support area. RSI @ 47.61 and LAGGING LINE below both TS and KS and below the MBB too. A failure to close on a weekly basis above the KIJUN-SEnN @ 41'279 would give an additional BEARISH SIGNAL, callng for lower level towards the bottom of the weekly clouds support @ 40'000 /38'000. Have a nice Sunday and take care and have fun :-) All the best IRONMAN8848 - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
3
BTC-DAILY-KIJUN-SEN BREAKOUT ...DAILY (D1) Yesterday's price action triggered a long black candle ( BEARISH ENGULFING ) with, and IT IS VERY IMPORTANT, ITS DAILY CLOSING LEVEL (@ 42'290) , for the first time, since a while, BELOW THE KIJUN-SEN !!! This move must not be underestimated and must be taken very seriously. Indeed, the KIJUN-SEN was the last significant support to look at and the breakout of it is confirming further downside in the cards towards the next support level, which will be this time the weekly TENKAN-SEN @ 41'279 ahead of the DAILY VERY THIN CLOUDS SUPPORT AREA (39'854-39'400) slightly below the psychological 40'000 level. Secondary support trend line currently @ 38'739 and primary uptrend support line currently @ 36'225 Watch and monitor ongoing today's price action (pullback) in the direction of the Kijun-Sen recent breakout (actually @ 43'188). In the current environment and in order to neutralise this ongoing downside risk, the BTC should quickly recover and close on a daily closing basis above the KIJUN-SEN , which if it is the case, would at least trigger a PIERCING LINE , (slightly bullish pattern, not as powerful as a Bullish engulfing pattern, but at least a stabilization signal) A failure to do it would be seen as a natural pullback providing selling opportunity (ie selling on rally with a stop loss above 44'000 targeting tactically 40'000 in applying a RR ratio of at least, ideally 1:3). Strategic idea would target 36'225 allowing to increase the level of the stop loss above the ongoing downtrend line resistance in keeping a respective and coherent RR ratio ! As usual watch H4, H1 and shorter intraday time frames to get early signal (s) which will help you to act accordingly in validating or invalidating the DAILY implications previously mentioned. And do not forget, if you like my analysis to like it and for those who do not follow me yet on TRADING VIEW (one of the best charting application available at the moment),https://www.tradingview.com/gopro/?share_your_love=Ironman_8848,please do not forget either to add IRONMAN8848 in your following list. Many thanks in advance for your support. Have a great weekend. IRONMAN8848 - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
3
BTC-DAILY-RECOVERY ? YES OR NO ...WEEKLY (W1) Ongoing price action is showing the BITCOIN , roughly in the middle of the clouds support area (48'517 - 38'152); as long as the BTC is not able to recover and hold on a weekly basis closing above the top of the clouds area, the downside risk is still alive. DAILY (D1) After having reached, yesterday an intraday low of 42'741, the BTC managed, for the time being to hold and close above the important support level (KIJUN-SEN) @ 42'900 , also the 50% Fibonacci retracement of the last rally which started @ 37'567 on March 13th towards a high of 48'234 reached on March 28th. As you can see, on this daily chart , the yesterday's price action triggered a little white candle (very small body) which is showing some lack of momentum, uncertainty and indecision for further development. RSI still below 50, @ 48.61. LAGGING LINE in a sideways mode, still above the daily clouds. UPSIDE : As long as the BTC close on a daily basis above the KIJUN-SEN support line it should be seen as OK and in order to neutralise this still existing downside risk, the BTC needs to rise above, at least the middle of the long black bearish candle@ 44'350 of April 6th, which also coincides with the former downtrend resistance line starting from the former high of 45'850 - MID BOLLINGER BAND (my barometer !) @ 44'771 ! DOWNSIDE : On the other side, a failure to close above 42'900 would be seen as a NEGATIVE SIGNAL, calling for lower levels towards the next support @ 41'641 (61.8% Fib retracement ahead of the very thin daily clouds support area ,(around the psychological 40'000), which is also the 78.6% Fibonacci extension level. 4 HOURS (H4) Below the clouds and MBB and KS . LAGGING LINE below the clouds, KS and TS too. SIDEWAYS PRICE ACTION caught between 42'750 and 44'000. Watch the Tenkan-Sen (43'385) on the downside as first support and MBB (44'590) on the upside as first significant resistance. (Corroboration with the daily view) 1 HOUR (H1) BELOW THE CLOUDS in a sideways mode (H1 clouds resistance area between 43'750 and 45'000 Once again WATCH THE CLOUDS IRONMAN8848 - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
3
BTC-DAILY-KIJUN-SEN IN SUPPORT...DAILY (D1) As expected, the failure to stay and hold above both MID BOLLINGER BAND and the top of the TRIANGLE PATTERN, triggered a downside acceleration towards the next support (42'900) mentioned in my yesterday's analysis in making an intraday low early in the morning @ 42'741. The 50% Fibonacci retracement @ 42'900 of the 37'567-48'234 rally has been filled and after this decline it is likely to see some technical natural rebound which is expected in the current bearish environment to be relatively limited. Indeed, in order to neutralise the ongoing and persisting downside risk, the BITCOIN should now, at least recover very quickly above the former support area (44'500) which became now the new resistance to cross over and hold above it; slightly above, the next level to watch at very carefully is the TENKAN-SEN (or conversion line) @ 45'237 which worked, as you can see perfectly well in the past either as a support or as resistance (meaning BULLISH above and BEARISH below !) A failure to close on a daily basis above 42'900 would confirm further downside in the cards , calling for lower levels towards 41'641 (61.8% Fib ret) ahead of the psychological 40'000 area which also coincides with the very thin DAILY CLOUDS AREA... RSI below 50, @ 47.35 LAGGING LINE failed to stay above the triangle resistance line and crossed under ! 4 HOURS (H4) Far below the clouds; below MBB, KS and TS too ! RSI in oversold territory,,, and may stay for a while in this mode (check potential bullish divergence ! LAGGING LINE also well below the clouds and TS and KS In order to neutralise this ongoing downside risk in this H4 time frame, the BITCOIN should at least recover and hold on a H4 closing basis above TS (44'428) 1 HOUR (H1) Below the clouds, TS, MBB and KS, RSI in a OVERSOLD TERRITORY, but NO BULLISH DIVERGENCE DETECTED YET. WAIT FOR THIS FIRST SIGNAL WHICH COULD POTENTIALLY TRIGGER A DOUBLE BOTTOM FORMATION AND AT LEAST A SHORT TERM RECOVERY In this hourly time frame, a recovery above the KS, currently @ 44'159 would temporary neutralise this ongoing downside risk and if such kind of price action occurs it should be confirmed by the breakout of the H4 TS @ 44'428 previously mentioned in H4 analysis. Do you like my analysis ? Do you think it bring you additional value to your trading activity ? If your answer is YES, please do not forget to like it and for those who do not follow me yet on TRADING VIEW (the best charting application available at the moment)in adding IRONMAN8848 to your following list. Last but not least for those who do not have access to TRADING VIEW, please sign up on the following link (several plans available from basis, free of charge to more sophisticated, against payment) : www.tradingview.com IRONMAN8848 - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
Wave Analysis with ichimoku USDCAD1️⃣ From the point of view of the weekly time frame, the line trend is not clear yet and is still sideways in a fairly stable range. 2️⃣ With the d1 time frame chart, we can analyze a balanced pattern on both x, y axis. According to the Western wave pattern analysis method, this is called the ABCD pattern, in which the sides AB=CD. However, if we look at it from the perspective of ichimoku, we will call this wave N. But the difference in ichimoku from the western pattern PT is the analysis of the balance of the X axis (time). After creating balance, the price line is likely to reverse at point D or at the end of wave N.
Long
by Shin_ichimoku
BTC - DAILY - WATCH MBB !DAILY (D1) The yesterday's failure to hold above both ongoing uptrend support line and the TENKAN-SEN triggered a downside move which pushed the BTC towards a low so far @ 44'419, having tested during the night both the MID BOLLINGER BAND support and the former downtrend line (top of the triangle pattern !) Ongoing today's price action will be important and especially its daily closing level; indeed a closing above 44'500 would keep live the TRIANGLE (pullback consolidation) and a closing below would add more trouble putting the focus on lower levels towards the 42'900 (KIJUN-SEN) % 50% Fib re t 37'567 - 48'234) RSI on a downside move mode and LAGGING LINE too ! In order to neutralise this ongoing selling pressure the BTC should at least recover and hold above the TENKAN-SEN @ 46'186 on a daily closing basis ! which if occurs would trigger a bullish engulfing pattern. 4 HOURS (H4) Currently below the CLOUDS which are very THIN, meaning also very fragile on both side ! Currently the top of the H4 CLOUDS @ 45'958 coincides roughly with the level to break on the daily chart and globally corroborate the global picture. Watch the clouds as a failure to recover and hold above it would increase the selling pressure towards the next support levels previously mentioned in D1... 1 HOUR (H1) Below the CLOUDS too; currently trying to recover above the TENKAN-SEN (@ 45'267). A successful breakout on a hourly closing basis of this level would open the door for 45'810 (KS) ahead of MBB @ 45'955 (also top of the H4 clouds) No bullish divergence detected yet suggesting that recent and current short term price action is, for the time being, corrective only... IRONMAN8848. - Jean-Pierre Burki
BITSTAMP:BTCUSD
by Ironman8848
XAUUSD Kijun BounceWe got a touch of Kijun-Sen that got rejected on this pair (tellow circle). This happened while we just escaped the bottom range so it gives resistance at the bottom. With this in mind lower your position sizing. The Kijun future is sloping downwards and cloud is bearish. The future cloud does look a bit bullish however. Chikou span is free to move down as seen by the area I plot after Chikou. Stop right above kijun-sen and target I put at some previous low. I've added a short order at 1923 to grab some more on a small pullback
FOREXCOM:XAUUSDShort
by Honestcowboy
USDCAD future C-ClampI recommend anyone in a short to atleast take some profits right now as the drop in price is becoming unsustainable. Especialy if you look at the future of the ichimoku lines you can clearly see a long flat Kijun-Sen. These flat Kijun-Sen lines usualy attract price very well. Bullish candle is already forming on the daily chart and I only expect it to increase. We might even see a complete return to the range. This is a classic example of the C-Clamp pattern in ichimoku. This happens when tenkan-sen starts to move very far from kijun-sen leaving the trend unsupported and unsustainable. You can look at this as overbought or oversold. With this new technology we can see the probability of a future C-Clamp happening (pink lines). My advice is to long back into the previous range if you see more confirmation and put stop loss below previous low as that is where kijun-sen will no longer be flat.
Long
by Honestcowboy
analysis chart GBPUSD with price action1️⃣ The downtrend (following Dow) is still dominating the GU chart on the D1 time frame chart. However, if we look at the H4 time frame chart, we will see that the price line has formed a bottom divergence. And the current price line is correcting. At present, it is easy to see that the price line has formed a very basic pattern of Heads and shoulders 📢𝑳𝒖̛𝒖 𝒚́: But when trading the head and shoulders pattern, analysts and investors should beware of corrective waves that can break through fundamental neckline levels. These waves can make a deep correction towards the shoulder areas. The next waves of the chart are considered to throwback to the neckline area and continue to develop up. 3️⃣ The price target can go to 1.34024 area. This is also the 61.8% zone of the D1 timeframe retracement wave.
Long
by Shin_ichimoku
Kumo breakout on BTCUSDT dailyThis is not the cleanest Kumo-break you can get as not everything says bullish. For example the Tenkan-sen is below Kijun-sen and laggign span has a high chance on finding resistance in next couple days when touching previous bullish move. I would not allocate alot of capital to this trade as it is not a perfect kumo break. However it will probably have it's impact on BTC as ichimoku traders entered the market here. According to hosoda wave theory N-target would be 48241. This is the point where the N-wave completes. Move stop with Kijun and keep trailing it below Kijun in the coming days. I would also advice to take some profits at past fractal level: 45421
Long
by Honestcowboy
ADA/USDAt the moment of typing this, ADA is still below its longterm Pitchfork Median Line and has been below it since the 3rd March 2022. ADA is also in a Descending Pitchfork Pattern (Black A,B,C). At the moment, ADA is still above its Descending pitchfork Median Line. At the moment, ADA has found some support from its Descending Upper Yellow Pitchfork Support Line. At the moment ADA is back above its Least Squares Moving Average (LSMA) for this 1 day timeframe. At the moment, ADA is also back above its Bollinger Bands Middle Band Basis 20 Period SMA. Not that we have yet to get expansion of the Upper and Lower Bands Using the Ichimoku settings of 20,60,120,30, we can see that ADA is still in the Bearish Zone of the Ichimoku Cloud and ADA has not made an attempt to break back into the Equilibrium Zone since the 18th Jan 2022 when ADA failed to close a daily candle within the Cloud. At the moment, ADA is above its Volume Profile Fixed Range Point of Control (VPFR POC) for the Fixed Range of 20x daily candles that i have selected. At the moment, ADA is still below its Volume Profile Visible Range Point of Control (VPVR POC) for this charts Visible Range. At the moment, Volume on this Binance Chart for ADA is still relatively low compared to what ADA was getting around May 2021. Looking at the Average Directional index (ADX DI), Positive Momentum has dropped with the +DI (green Line) dropping to 22.56 and note that Negative Momentum has also dropped with the -DI (Red Line) dropping to 18.89. The Trend Strength is still weak with the ADX (Orange Line) at 18.57 and still below the 20 Threshold and also below its 9 Period EMS (Black Line) at 20.82. Looking at the Moving Average Convergence Divergence (MACD), the MACD Line (Blue Line) is indicating momentum is upwards at the moment and it is above its Signal Line (Orange Line). Note that the MACD Line (Blue Line) is still in the Negative Zone under the 0.0 Base Line on this 1 day timeframe. Note that the MACD Line (Blue Line) has not been in the Positive Zone above the 0.0 Base Line since 20th Jan 2022 on this 1 day timeframe. Here is a wider look at this ADA 1 day chart with its Longterm Pitchfork Pattern: Looking at this ADA 1 day chart, i personally wouldn’t get excited until ADA gets back above its Longterm Pitchfork Median Line and also starts making a Hight Highs and Higher Lows above $1.63. So depending on what BTC does and what your Trading plan, Hodl-ing Plan or DCA plan is, it looks like there will still be good opportunities to acquire more ADA or your crypto of choice at a discount price. On another note, if ADA drops below its Descending pitchfork Median Line then we can expect to hit $0.622 but that is if support of the Descending Pitchfork Median Line fails as support. I would keep an eye on whether or not both the LSMA and Bollinger Bands Middle Band Basis 20 Period SMA continues to be Support or become Resistance on this 1 day timeframe. I hope this post is helpful for your Trading or Hodl-ing.
BINANCE:ADAUSD
by TradingThroughTheLens
2