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Ichimokukinkohyo

BTC - D1 - REMAINS UNDER DT INFLUENCE !DAILY : DOUBLE TOP IN PROGRESS STILL ALIVE As mentioned in my previous analysis (see related ideas below), the recovery which took place recently was only a corrective move in a broad new bear trend which started @ ATH 69'000. Indeed, the ongoing double top formation is still intact and a daily closing below its trigger level (@ 57'500) would be the first warning signal which would confirm this bearish formation, calling for a target @ 46'000 The clouds, once again worked perfectly well in rejecting the upside breakout and I will strongly suggest to monitor carefully price action around the clouds as failure to hold above the daily clouds will be the second signal calling for further downside and a move towards the psychological 50'000 first, ahead of 46'000 previously mentioned. Look also RSI price action which continue to converge to the downside in being below the 50 level. WEEKLY : LAST WEEK PRICE ACTION TRIGGERED A BEARISH ENGULFING PATTERN ( Long black candle) !!! On this time frame the next significant support is @ 54'295 while on the upside the next important level to look at is @ 60'000. In order to neutralise the ongoing downside price action on this weekly time frame, BTCUSD should recover at least above 62'100 which if occurs, would trigger a "PIERCING LINE PATTERN", which would be seen as a reversal signal in this weekly time frame. IMPORTANT LEVELS TO WATCH ON A WEEKLY BASIS ARE THE FOLLOWING : 54'295 62'100 INTRADAY - 4 HOURS - KIJUN-SEN UNDER ATTACK !!! On the intraday, 4 hours picture, the Kijun-Sen @ 57'368 is under attack and a failure to hold above it on the next closing observation would also be a warning signal for further downside; on short term a move above the MBB, currently @ 58'205 ahead of TS (@ 58'450) would temporary slow the current bearish move and reopen the door for the psychological and important resistance level of 60'000 which should really clearly be broken and if it is the case, that would force to a view reassessment of my still bearish expected scenario already detected a couple days ago. Do you like, the way I work in explaining my views ? If it is the case, please do not forget : 1) to like it 2) to add Ironman8848 in your following list, if it is not done yet :-) 3) write a comment or remark which will be welcome Have a nice trading week and all the best. Take care Ironman8848
GEMINI:BTCUSD
by Ironman8848
BTC - 4hr chart with 2 Pitchforks and a cloudBTC is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 4hr timeframe. Note that the Upper Bollinger Band is moving downwards and the Lower Bollinger Band is starting to curve upwards indicating volatility has slowed on this 4hr timeframe. At the moment BTC is back ABOVE its Least Squares Moving Average (LSMA) for this 4hr timeframe. A successful close ABOVE the LSMA is crucial for a recovery. BTC has found support from its support level at around $56,540. BTC has bounced off this level before on the 28th Oct 2021. BTC needs to stay above this support level, failure to do so will prob lead to a drop to the 2 support line at around $52,900. Using the Ichimoku Cloud Settings of 20,60,120,30 but note time only using the cloud portion, we can see that BTC is in the Bearish Zone of the Ichimoku Cloud for this 4hr timeframe. Note that we have had a Cloud (Kumo) Twist, the Leading Span A (Senkou Span A) has crossed back UNDER the Leading Span B (Senkou Span B) creating a new Red Bearish Cloud for this 4hr timeframe. Note that both Leading Spans are pointing downwards at the moment. Volume has increased on this Binance 4hr chart and note that the last 5 Volume Bars have been ABOVE its Volume 20 Period Moving Average. BTC is BELOW its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 5 4hr candles that i have selected. BTC is also BELOW its Volume Profile Visible Range Point of Control (VPVR POC) for this chart’s visible range. BTC has 2 potential Pitchfork directions on this 4hr chart. BTC needs to CLOSE this 4hr candle ABOVE its descending Pitchfork Pattern Median Line (Black A,B,C). If BTC closes above the descending Pitchfork Median Line then we may see BTC follow an upwards or sideways trajectory following the ascending Pitchfork Pattern (Red A,B,C). The Average Directional Index (ADX DI) is showing a strong trend with the ADX (Orange Line) at 38.32 and ABOVE its 9 Period EMA (Black Line) which is at 34.04. The +DI (Green Line) has dropped to 7.71 and the -DI (Red Line) has risen to 31.62 indicating Negative Momentum is stronger than Positive Momentum on this 4hr timeframe. We need the +DI (Green Line) to cross back ABOVE the -DI (Red Line) on this 4hr timeframe for any upwards recovery to hold. The Moving Average Convergence Divergence (MACD) is indicating negative momentum, note that the MACD Line (Blue Line) is BELOW its Signal Line (Orange Line) and is also BELOW its 0.0 Base Line in the Negative Zone. Note that we also have increasing Red Histograms. Even if the MACD Line (Blue Line) crosses back above the Signal Line (Orange Line) we still need the MACD Line (Blue Line) to cross back over and ABOVE the 0.0 Base Line into the Positive Zone for any longterm BTC recovery to become sustainable. It should be an interesting weekend for BTC. I hope this is helpful with your trading and hodl-ing. Notes: LSMA = Black Squiggly Line on chart. Bollinger Bands = Grey Bands on chart. Support and Resistance Lines = Horizontal Black Dashed Lines on chart. VPFR POC = Short Horizontal Red Line on chart. VPVR POC = Long Horizontal Red Line on chart. Descending Pitchfork = Black A,B,C Pattern on chart. Ascending Pitchfork = Red A,B,C Pattern on chart. Volume MA = Orange Line going through Volume Bars on chart.
BITSTAMP:BTCUSD
by entertheroach
2
BTCUSD - D1 - DOUBLE TOP IN PROGRESS !DAILY : The Daily picture is clearly showing a double top formation in progress, its trigger level being @ 57'500; a breakout confirmed of this point would activate this bearish formation in opening the door for a technical target @ 46'000. Global picture is not very encouraging at all; indeed, the BTCUSD, is currently in an ongoing downtrend; meaning in a SELL ON RALLY MODE ! In addition, current level around 60'000 is firstly showing some uncertainty and nervousness; moreover, we are also below the important cluster area (MBB, KS and TS) which should not be underestimated... Of course, the daily clouds area, currently between 58'422 (top of the clouds and also roughly the former intraday low reached yesterday (58'435) and 53'300 should be seen as the first significant support zone on this time frame; please, also note the thickness of the clouds which should also be considered as a strong support to break. On the indicator side, RSI is continuing to converge to the downside and is currently below 50, @ 44.24. Only a clear sustainable recovery above the 63'000 would force to a reassessment view of the expected bearish scenario above mentioned. WEEKLY : Looking briefly at the weekly picture, we can see a "BEARISH ENGULFING PATTERN" in progress, which of course, would be validated only on a weekly basis closing level; in term of support levels, we can see : - S1 @ 57'765 (warning !double top trigger level @ 57'500) see above for implication - S2 @ 54'295 (also TS) - S3 @ 50'824 Global weekly picture remains supported by respectively the Mid Bollinger Band (currently @ 50'000) ahead of both KS and the uptrend support line (currently @ 48'900) 4 HOURS : Ongoing downtrend channel (mentioned in my previous analysis) remains intact and current level is below the middle level of this downtrend channe, on the lower part and traded around the Tenkan-Sen @ 59'812 Sideways price action for the Lagging Line which is also below the clouds... As mentioned yesterday, no Bullish divergence has been detected yet and recent and current price action should still be seen as a corrective move only and not yet as a trend reversal yet. CONCLUSION : Monitor and watch closely at the price action on intraday shorter time frames to detect early signal (s) of bullish divergence or bearish convergence !!! Have a nice trading day and all the best to all of you. Take care. Ironman8848
GEMINI:BTCUSD
by Ironman8848
1
VeChain - 1 day chart updateNote that VeChain (VET) is still in a longterm uptrend. Using the Ichimoku Cloud settings of 20,60,120,30, but note I’m only using the cloud portion, we can clearly see that VET is still in the Bullish Zone of the Ichimoku Cloud. VET is BELOW is Bollinger Bands Middle Band Basis 20 period SMA. Note that the Upper and Lower Bollinger Bands are starting to contract and pinch inwards. Looking at the Schiff Pitchfork Pattern (A,B,C), note that VET is still ABOVE its Schiff Pitchfork Median Line. A continuation of daily closes ABOVE this level is absolutely crucial. VET is BELOW its Least Squares Moving Average (LSMA) for this 1d timeframe. A close below the LSMA is a potential sell signal for this indicator, so be on the lookout for when VET crosses & closes back above the LSMA. VET is back ABOVE its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 10 daily candles that i have selected. VET is still ABOVE its Volume Profile Visible Range Point of Control (VPVR POC) for this chart's visible range. The Average Directional Index (ADX DI) is indicating the trend strength has dropped with the ADX (Orange Line) at 22.08 and is below its 9 Period EMA (Black line) which is at 25.17. The +DI (Green Line) has dropped to 17.90 but is still above its -DI (Red Line) which has also dropped to 17.11. This indicates Positive Momentum is still stronger than Negative Momentum on this 1d timeframe. Note that both the -DI (Red Line) and +DI (Green Line) have now turned sideways. The OnBalanceVolume (OBV) is indicating momentum is sideways at the moment. Note that the OBV (Blue Line) is back ABOVE its 9 Period EMA (Orange Line) indicating a strengthening of positive momentum. Fist port of call is for VET to cross and CLOSE back ABOVE its BB Middle Band Basis and LSMA on this 1d timeframe. So long as BTC behaves herself and continues closing above the daily chart 50EMA then we may see a more sideways ranging with VET before the next move up. Hopefully now with the release of POA2.0 well see VeChain eventually added onto more exchanges that will help dampen any Binance BTC Longs Futures liquidations. I hope this is helpful with your trading and hodl-ing. Notes: Bollinger Bands = Grey Bands on chart LSMA = Black squiggly line on chart VPFR POC = Short horizontal red line on chart VPVR POC = Long horizontal red line on chart Trend-lines = Ascending & Descending dashed black lines.
BINANCE:VETUSD
by entertheroach
1
ADA - 1 Day Chart updateADA is below its Bollinger Bands Middle Band Basis 20 Period SMA for this 1d timeframe. Note that we have had expansion of the Upper and Lower Bollinger Bands and this volatility is on the downside. At the moment, ADA is back above its Lower Bollinger Band but note that ADA is still getting downwards pressure at the moment. ADA is below its Least Squares Moving Average (LSMA) for this 1d timeframe. A close below the LSMA is a potential sell signal for this indicator. Using the Ichimoku settings of 20,60,120,30 but note I’m only using the cloud portion, you can see that ADA is underneath the Ichimoku Cloud and in the Bearish Zone on this 1d timeframe. It looks as though we will see the Leading Span A (Senkou Span A) cross back UNDER the Leading Span B (Senkou Span B) creating a Cloud (Kumo) Twist into a new red bearish cloud on this 1d timeframe. ADA is below its Volume Profile Fixed Range Point of Control (VPFR POC) for the fixed range of 8 Daily candles that I’ve selected. ADA is below its Volume Profile Visible Range Point of Control (VPVR POC) for this charts visible range. Overall Volume is still very low on this Binance chart and today’s Volume Bar looks like it will close under its Volume 20 Period Moving Average (Orange Line). The Average Directional Index (ADX DI) is indicating a weak trend strength with the ADX (Orange Line) at 17.54 below the 20 Base Line and below its 9 Period EMA (Black Line) which is at 18.65. Note that the ADX (Orange Line) has risen slightly. The +DI (Green Line) has dropped to 11.07 and is below its -DI (Red Line) which is at 18.45. Note that the -DI (Red Line) has dropped slightly but the +DI (Green Line) is still dropping, this tells me that Negative Momentum is stronger than Positive Momentum on this 1d timeframe. The OnBalanceVolume (OBV) is showing momentum is downwards and notice that the OBV (Blue Line) is now underneath its 9 Period EMA (Orange Line) which is a big sign of strength for negative momentum for this 1d timeframe. I would not get excited unless ADA crosses and CLOSES back ABOVE the Descending Trend-line (Descending Dashed Line) which would take it back into the Bullish Zone of the Ichimoku Cloud system. But ADA needs to cross & CLOSE back ABOVE its BB Middle Band Basis 20 Period SMA, LSMA, Leading Span B (Senkou Span B) and Leading Span A (Senkou Span A) resistance levels and also turn them into strong support. If ADA crosses and closes BELOW the Ascending Trend-line (Ascending Dashed Line) then a further bigger drop is possible. I hope this is helpful with your trading and hodl-ing. Notes: Bollinger Bands = Grey Bands on chart LSMA = Black squiggly line on chart VPFR POC = Short horizontal red line on chart VPVR POC = Long horizontal red line on chart Trend-lines = Ascending & Descending dashed black lines.
BINANCE:ADAUSD
by entertheroach
5
💡Don't miss the great Sell opportunity in AUDJPYHi guys It looks like a bearish flag pattern has formed and we are now exiting the pattern so we can hope to make a good profit.we should see the Australian dollar fall in the coming days. The area we are in is a very low risk area for sale. You can use the lower trigger time frame to enter. New Zealand Dollar Analysis I put it in detail in my analysis. Take a look at it, it might be useful for you. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
Short
by hamidreza_FX
4
Do you agree with a big profit in EURGBP? Let's go 😉Hi dears The situation is very good for the euro to be bullish in a few weeks. In the coming days, wait for the break of the trend line and safely open a long trade. The 0.83750 area is a very important area for the euro, so we expect a reaction to this price. On the other hand, in the daily and weekly time frames, we have macddivergence, which give us confirmation of entry for a good purchase. Make us happy with your likes and comments. Thank you
Long
by hamidreza_FX
29
BTCUSD - H4 - REMAINS A SELL ON RALLY ...As expected and mentioned in my previous analysis the failure to hold above the psychological support level of 60'000, triggered a downside acceleration which pushed the BTCUSD towards a low so far of 58'573; my first technical target of 57'765 has not been reached yet... So what next ? Well, it is likely to see further downside in the cards ! Indeed, looking at the H4 price action, there is no bullish divergence detected yet and therefore, for the time being, any recovery should be seen as a corrective move only in a broad new downtrend = SELL ON RALLY ! In this H4 time frame, a downtrend channel took place, from the top of 69'000 (confirmed by the failure to upside breakout clouds resistance on Nov 15th !); currently below the cluster of TS, KS and MBB and last but not least the Lagging line is far below the clouds... RSI is confirming NO BULLISH DIVERGENCE YET and is showing some small recovery in a broad bear trend. The former support zone(62'700-63'000) of what I called "RED ZONE" in my previous analysis should now be seen as the first significant resistance area if the BTCUSD achieved to recover firstly and hold sustainably above the 60'000 area. On the downside, on the daily picture, the clouds support area (58'000-53'300 should be seen as an important support zone; by the way, 54'295 is also the 50% Fibonacci retracement of the 39'590-69'000 rally and last but not least the TS in the weekly time frame CONCLUSION : As already mentioned, several times, plenty of short term countertrend trading opportunities could be exploited if you monitor very, very closely shorter time frames to detect early reversal signal (s); do not forget to apply a disciplinated risk management in placing stop losses accordingly :-) Have a great trading day and all the best. "May your long goes up and your short goes down" Last but not least, if you like my work and you find my analysis valuable for you,(any feedback welcome :-), please do not forget to like it first and for those who do not follow me yet, please also add Ironman8848 on your following list. Many thanks in advance. Take care. Ironman8848
GEMINI:BTCUSD
by Ironman8848
1