Priceanalysis
S&P 500 Daily Chart Analysis For August 5, 2022 Technical Analysis and Outlook
After completing our Inner Index Rally 4157, the index is in the mode of steady to higher - All things considered, the market will very likely retest not fulfilled Key Res 4177 before turning to the downside - Mean Sup 4090.
Bitcoin (BTC/USD) Daily Chart Analysis For August 5, 2022Technical Analysis and Outlook:
The repeated retest of completed our Outer Coin Rally of $24,150 took place on July 29,30, and 31. The Mean Sup of $20,780 is the main target. There is a slight chance for a breakout to Outer Coin Rally $27,800.
S&P 500 Daily Chart Analysis For July 29, 2022 Technical Analysis and Outlook
After retesting our completed Inner Index Rally 4010 and completing Inner Index Rally 4120 (As specified on S&P 500 Daily Chart Analysis For July 1), the index is steady to going higher - Inner Index Rally 4157 and Key Res 4177. All things considered, the market will very likely retreat and retest to Mean Sup 4028.
EUR/USD Daily Chart Analysis For July 29, 2022Technical Analysis and Outlook:
The Euro market has swung back and forth to the U.S. dollar throughout this week's trading session. After creating fresh Mean Sup 1.0111, the currency is poised to retest this support. Currently, the upside target is continuing to be a possibility to Outer Currency Rally 1.0420. An ultimate trip to Outer Currency Dip 0.9765 is in the making.
Bitcoin (BTC/USD) Daily Chart Analysis For July 29, 2022Technical Analysis and Outlook:
After completing on July 20 our Outer Coin Rally of $24,150 and retreating to Mean Sup $20,780 (See Bitcoin (BTC/USD) Daily Chart Analysis For July 22), Bitcoin bounced back to competed Coin Rally and showing signs of extending its rally to Outer Coin Rally #27,800. However, if all fails, the coin will take us back down to Mean Sup $20,780, with a strong possibility to Key Sup $18,900 and beyond.
S&P 500 Daily Chart Analysis For July 22, 2022Technical Analysis and Outlook
After partially (July 18) fulfilling our down move, the index completed Inner Index Rally 4010. Currently, we have Mean Res 4000 in the making (Not confirmed by Trade Selecter System). However, all things considered, the market is very likely to retest Mean Sup 3829. before confirming and retesting the 4000 mark.
EUR/USD Daily Chart Analysis For July 22, 2022Technical Analysis and Outlook:
The Eurodollar completed to our Key Res 1.0270. The market appears to be likely to retest our Key Sup 1.0017. Currently, the upside target is possible to Outer Currency Rally 1.0420. An ultimate trip to Outer Currency Dip 0.9765 is in the making.
Bitcoin (BTC/USD) Daily Chart Analysis For July 22, 2022Technical Analysis and Outlook:
Bitcoin hit and completed our outer Coin Rally of $24,150 and currently retreating to Mean Sup $20,780. Extended down the path to Key Sup $18,900 and completed Outer Coin Dip is very probable - #2 Outer Coin Dip $15,500 mark is in the making.
S&P 500 Daily Chart Analysis For July 15, 2022 Technical Analysis and Outlook
The S&P 500 market played out our down move to Mean Sup 3787 (See: S&P 500 Daily Chart Analysis For July 8). Currently, we have an upside momentum, and a retest of Mean Res 3912 is imminent, with a possible extended target to Mean Res 3940. Nonetheless, after that, the market will take us back to the Mean Sup 3787, completed Outer Index Dip 3728, Key Sup 3666, and very Next Outer Index Dup 3530 - this is a forward-looking mark.
EUR/USD Daily Chart Analysis For July 15, 2022Technical Analysis and Outlook:
The Eurodollar market completed Inner Currency Dip 0.9960. The market appears to be likely to retest our Mean Res 1.0185. Currently, Key Res 1.0270 is the major, primary upside target. An ultimate retest of Key Sup 1.0017 and Outer Currency Dip of 0.9960 is in the making.
Bitcoin (BTC/USD) Daily Chart Analysis For July 15, 2022Technical Analysis and Outlook:
Bitcoin is trading above $20,000, bouncing off our Key Sup $18,900. The coin is facing up-take to the Mean Res $22,350 mark. If all fails, the coin will take us to the retest of Key Sup $18,900 and #2 Outer Coin Dip $15,500 mark once again, and down we go to #2 Outer Coin Dip $15,500.
EUR/USD Daily Chart Analysis For July 8, 2022Technical Analysis and Outlook:
The Eurodollar market completed Inner Currency Dip 1.0074. The market appears to be likely to fall to retest Key Sup 1.0100 and completed an Inner Currency Dip 1.0074. Currently, Mean Res 1.0270 is the primary upside target. An ultimate Outer Currency Dip of 0.9765 is in the making.
S&P 500 Daily Chart Analysis For July 8, 2022 Technical Analysis and Outlook
The S&P 500 market played out our down move from Mean Res 3912 (See: S&P 500 Daily Chart Analysis For July 1). Currently, we have a down move target specified at Mean Sup 3787, with a possible extended target to Key Sup 3665. However, if all fails, the market will take up the Inner Index Rally 4120 - Major Key Res 4177 is also a forward-looking mark.
Bitcoin (BTC/USD) Daily Chart Analysis For July 8, 2022Technical Analysis and Outlook:
Bitcoin is trading under Mean Res $20,350 - the current path is to the downside revisiting our Key Sup $18,900 and completed Outer Coin Dip $18,665. The coin is facing take-down to the #2 Outer Coin Dip $15,500 mark.
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.
S&P 500 Daily Chart Analysis For July 1, 2022 Technical Analysis and Outlook
The S&P 500 market played out our down move from Mean Res 3940 (See: S&P 500 Daily Chart Analysis For June 24). Currently, we have
bounced-up movement targeted at Mean Res 3912 and retest of 3940 - With the extended possibility to Inner Index Rally 4120. However, if all fails, the market will take us down to the newly created Mean Sup 3785, with the opportunity of retesting Key Sup 3666.
Bitcoin (BTC/USD) Daily Chart Analysis For July 1, 2022Technical Analysis and Outlook:
Bitcoin is trading at under $20,000 as it is waiting for oxygen therapy - with the possibility of making advancements to Mean Res $21,575 and a low probability additional rally to Mean Res of $22,670; currently sitting at our of Key Sup $18,900. The coin is facing take down to the #2 Outer Coin Dip $15,500 mark.
EUR/USD Daily Chart Analysis For July 1, 2022Technical Analysis and Outlook:
The Eurodollar market pushed the 1.04 mark on Friday - Our Key Sup 1.038 was the primary show stopper. The market appears to be likely to fall to an Inner Currency Dip of 1.031, and an ultimate Outer Currency Dip of 0.9765 is in the making.
Bitcoin (BTC/USD) Daily Chart Analysis For June 24, 2022Technical Analysis and Outlook:
Since the June 18th completion of our Outer Coin Dip of $18,665, the Bitcoin is advancing slowly to our Mean Res of $22,670; however, if all fails, the coin will take us to the retest of Key Sup $18,900 and #2 Outer Coin Dip $15,500 mark.