Hi everyone, wish y'all have a profitable lifestyle. 🕊 📍I am a big fan and believer in ichi-moku and its crazt TIPS which in my point of view works the best. 📍Last week we have seen crazy movements from Bitcoin's chart which surprised everyone including myself. 📍 I saw Laggin-span going inside the komu-cloud which is an extremely bullish sign of the chart...
1. Edge-to-edge play just completed on 1D XBTUSD 2. Chikou broke through price and entered cloud 3. Tenkan crossed the Kijun All signs show a shift in the market. This trifecta has not occurred on the 1D since the beginning of Oct. 2020 when Bitcoin was at 11k
Chikou breaking out of the cloud on ETHBTC. Tenkan has crossed the Kijun and is above the Kumo. Seeing a nice 4h doji. Definitely one to watch.
Bitcoin has closed within the 8 hour Ichimoku Cloud and could be looking at an edge to edge move inside of the cloud. The Tenkan (blue) has crossed over the Kijun (orange) which suggests a bullish continuation.
Future forecast for the Tenkan (blue - short term moving average), Kijun (orange - long term moving average), & Senkou Spans (cloud - red resistance & green support) is provided on the chart for the daily timeframe.
Looking at the 6D chart with Ichimoku cloud, it definitely seems possible that bitcoin may continue to drop. The way the current candle is hanging from the Kijun does not look very good. There are more support levels that could be tested such as 26k, 18k, 15k. We should play close attention to the bitcoin price action today along with watching the 4D and 5D...
When using the Ichimoku indicator, it is usually a good idea to enter a trade in the direction of the trend when you see the Tenkan & Kijun close together and when the Tenkan, Kijun, and Cloud have sharp angulation pointing to the future price of the asset. You can see in the chart that this was the case previously as the price rose, now it could be the same case...
First we take the 1D Kijun line and add it to our 3D chart where we recently observed the TK cross to the downside. This will serve as a major level that we could revisit in the short term. Second we look for our long term support area. I see this being around 30k due to volume and the long/flat areas of the 3D Kijun and the 3D Cloud. Third we look for an...
H4 : Triangle formation in progress. Currently below Kijun-Sen (57068), Mid Bollinger Band (55759), Tenkan-Sen (55259) and roughly in the middle of the triangle. Breakout of the triangle : BULLISH SCENARIO Upside breakout would trigger a move of 6398 points towards 63500-63750 BEARISH SCENARIO (expected) Downside breakout would target 47675-48000 Watch also H1 and M15
The momentum is super sharp and the next target could be 1.618 Fibonacci channel level in short-term
D1 : After having nearly reached the expected target which were respectively 50187 (61.8% Fib ret) and the psychological support level of 50'000 in moving down towards an intraday low of 50360, the BTC recovered nicely towards an intraday high so far of 55597. This recent price action triggered a long white candle (bullish engulfing pattern) which on its upside...
H4 : Triangle target is @ 48455. Nevertheless, as mentioned, in my previous D1 post, it is likely and it is in progress, to see some recovery process which is expected to be relatively limited. Indeed, global picture remains heavy and is calling for further downside. Tenkan-Sen (@ 54355) will be the first resistance level to break ahead of the Mid Bollinger Band...
D1 : Recent price action is showing a trend reversal in progress. Indeed, last Friday a "doji" (uncertainty and indecision) took place which has been followed yesterday by a bearish engulfing pattern ! Today's ongoing price action continue to move to the downside. Watch carefully the Tenkan-Sen or Conversion Line, currently @ 1.6140 as the first important support...
D1 : Despite a new downtrend which took place before yesterday, price action shown yesterday (thanks to the FED !) triggered a nice recovery towards a high reached early this morning @ 59559 (might be a sign as I was born in 19.. 59, no I am joking...) That said, despite this, not negligeable recent rally (+ roughly 10 % in a couple of hours),...
D1 : Last 2 trading sessions is showing a switch from a BULL mode to a BEAR one. Indeed, looking at the last 2 closing sessions we can see 2 black candles with the one of yesterday, closing "timidly" just above Tenkan-Sen (conversion line). Today's ongoing price action is currently under that level, in having already tested the...
D1 : Yesterday's price action is showing some sign of loss of momentum: nevertheless, as long as D1 closing price remains above the primary uptrend support line, it is OK. Indeed, a double top formation in progress can not, for the time being totally be ruled out ! Scenario BULLISH : An upside breakout on a D1 closing basis of the...
H4 : As expected and mentioned in my previous analysis (W1) published early this morning, a corrective and healthy downside move took place and reached an intraday low, so far at 59350, close to the 38.2% Fibonacci Retracement @ 59194 ! Last H4 closing candle triggered a doji pattern which is showing some uncertainty about the upcoming hours. In addition, you can...
D1 : The upside breakout confirmation has been given by the second daily closing above both Mid Bollinger Band (leading indicator !) and Kijun-Sen (Base line). In addition the clear breakout of the downtrend channel gave also additionnal support for further upside calling now for the 55000 area as the first significant target (55072 being the 78.6%...