$BTC PARABOLIC RUN IS INEVITABLE! As seen in #Bitcoin past cycles, tenkansen and kijunsen bullish crossover occurred before the parabolic run and the cycle is repeating.
Tenkansen
ETHUSD - 78.6% FIBONACCI RETRACEMENT !The 78.6 % Fibonacci retracement @ 3'457 has been filled (intraday high so far @ 3'469).
In addition, the ETH is still below the ongoing downtrend line resistance and last but not least
BELOW THE CLOUDS on a daily basis.
Therefore, further development will depend on upcoming price action over the next trading hours and
will be confirmed by the daily closing level later on today.
A failure to clearly breakout the 3'500 area and hold above it on a D1 closing basis, will add a renewed
selling pressure putting the focus on lower levels towards 3'300/3'150 , the latter being the cluster of KS and MBB and also
roughly the 38.2% Fib ret of the last 2652-3469 rally; below 3'060 (clouds support zone).
An upside breakout of the downtrend line resistance would open the door for 3'676 (former high) ahead of psychological 4'000 level
and also Sept 3rd high (4'027)
As always, do not forget to monitor shorter time frames (intraday) in order to get early signal (s) which will help you to act accordingly in
getting validation or invalidation of implications above mentioned :-)
All the best
Ironman8848
BTC - D1 - WATCH THE CLOUDS !Good Morning to all of you :-)
Hope you are well today ?
We are going to look at the daily time frame today.
Indeed, following the bearish engulfing pattern triggered a couple of days ago (very long black candle) and the downside breakout of the cluster (TS, MBB and KS),
the BTC attempted to recover without great success so far as you can see in this chart !!!
More important, it did not achieved to retest the Kijun-Sen (former support level) which became now the first significant resistance level to look carefully at.
So what next ?
Well, looking at the last 3 days price action, I have to say that it is not very encouraging and that the ongoing downside move is likely to continue for a while in this
D1 time frame.
First significant support is at arount 43'000/42'900 which is the former low reached on Sept 7th and which also coincides with the top of the clouds support area. Globally
I would recommand to look globally at the clouds zone as a very good support area indicator; in addition, the 50% Fib ret of the 28'600-52956 rally is @ 40'778, being currently, roughly
in the middle of the clouds support area.
CONCLUSION :
D1 GLOBAL PICTURE REMAINS BEARISH, SHOWING A SELL ON RALLY STRATEGICALLY ; ANY TACTICAL LONG EXPOSURE TRIGGERED BY SIGNAL (S) IN SHORTER TIME FRAMES SHOULD BE MANAGED
WITH DISCIPLINE IN PUTTING IN PLACE TIGHT TRAILING STOP LOSS !!!!
Once again, if you find my analysis as an added value for your trading strategies, please do not forget to like it and for those who do not follow Ironman8848, please also add him on your following list. Many thanks in advance
All the best, take care and have a wonderful weekend
Ironman8848
Weekly update for BTCUSDT by TheSocialCryptoClubGood evening everyone, again this weekend the frog updates us on the situation of Bitcoin by looking at a glance at the BTCUSDT Daily chart:
⁃ Kumo:
⁃ Color: It's green and indicates a steady uptrend for about a month.
⁃ Width: particularly thick, indicating the strength of the trend.
⁃ Expansion/Compression: slightly expanding; therefore indicates an overbought situation)
⁃ Supports and resistances:
⁃ Senkou Span B: as indicated in the previous week, an important support level is 47.4k, on which the Tenkan rested and also the price. As important resistances (being a very slow average) we have 54k.
⁃ Kijun: on 43.9k continues to act as a support/buffer for the uptrend. Instead, it forms resistances on 50.7k (weak) and 52.4k.
⁃ Tenkan: always under observation also flat on the 48.7k level approx.
- Psychological: 50k threshold already exceeded during the week.
Volumes: continue to slightly decrease, a quite classic element considering the August closing.
Using the Heikin-Ashi we can see with yesterday's candle, after a flattening of the price, a certain desire to go upwards (candle of color change, green, without shadows underneath).
In general the Tenkan levels and the uptrend channel in which the price could re-enter are to be watched.
From a fashion and fundamental point of view:
⁃ Derivatives closed on Friday.
⁃ Some frog friends point out the current trends on both alt-coin and shit-coin as well as blockchain in general related to e-games and NFTs
⁃ In Italy soccer world is sponsored by exchange and cryptp business
Thanks for your attention, happy to support the TradingView community.
BTC - W1 - LAST WEEK PRICE ACTION TRIGGERED A BULLISH ENGULFING Good morning friends !
Today, we are looking to the weekly time frame on which, last week price action triggered a bullish engulfing pattern.
In addition, W1 closing (@ 35428) was above an important resistance level (34'970) already mentioned in my previous analysis
which may force to a view reassessment of the situation, depending of the followup !
Nevertheless, as you know, any breakout should always been confirmed and as we look at a weekly chart, a lot of things could happen until
the next weekly closing...
We also can see a breakout of the former downtrend line resistance and not surprising, the level of the breakout coincides roughly with
the level of TS at around 34'970.
Therefore, this former resistance level (34970) became now the new support level to watch at very carefully !!!!
Indeed, I would warn about potential "mirror effect) following this sharp upside move seen over the last couple of hours; a failure
to stay and hold above 34'970 would confirm a potential "bull trap".
Looking on the upside, firstly, 40'000 should again be seen as "THE PSYCHOLOGICAL" resistance to break ahead of the 38.2% Fib ret @ 42'465; above, the next significant
level of 44'435 ( MBB ) and finally KS (46'747) which is also the 50% Fibonacci retracement of the 64895-28600 downside move.
CONCLUSION :
Watch carefully at the shorter time frame to detect potential bearish divergences which could be the first signal (s) of a reversal price action or upside trend continuation.
Watch also daily clouds (very thick currently) ! BTC needs to clearly move above the clouds, which should also be confirmed by an upside breakout of the Chikou (lagging span) too.
BTC - H1 - CORRECTION UNDERWAY...short term strategyH1 : Recent rally looks to be over ! Indeed, after having filled the 61.8% Fibonacci retracement, BTC is now showing
a potential double top in progress. In addition, indicators are turning down and a first confirmation will be given
by a breakout of the Tenkan-Sen (currently @ 37753, ahead of MBB@ 36963 and finally Kijun-Sen @ 36407 !
A failure to hold above the trading range above mentioned would trigger further dowside, targeting first 35514, 34500 and 33487.
The latter level being also, currently, the bottom of the clouds support.
Strategy : sell from current level (38288 and towards former high 38790)
TP @ 34'500
SL @ 39'484
RR : 1:3
BTC - D1 - H4 - H1 - MBB ON D1 @ 32455 IS THE KEY PIVOT LEVEL !D1 : As mentioned yesterday, failure to recover at least above former mid black candle (@ 36810) triggered renewed selling pressure, in putting, overnight the focus on MBB, currently @ 32455
MACD cross UNDER !!!
H4 : Failure to recover and hold above the clouds, in conjonction with a rejection at the 50 % Fibonacci retracement (@ 36130) triggered selling pressure
H1 : Picture is pretty clear, pullback failure from the Jan 11th low @ 30237, rejecting by both 50% Fibonnacci retracement, previously mentioned on H4 and
by the top of the clouds resistance area around the 36'000 level
CONCLUSION :
A failure to hold above the MId Bollinger Band (MBB) would trigger a downside move acceleration in opening the door for 29'000, which is the 50 % Fibonacci retracement of the 16218-42000 recent rally,
ahead of 26'066 (61.8% Fibonacci retracement)
On the upside, no change in my view and only a clear upside breakout of 36810 would force to a view reassessment of the expected bearish scenario, calling for lower levels.
For the time being, BTC remains a SELL on rally on a broad bear trend
BTC - TENKAN-SEN STILL ACTING PERFECTLY WELL ON ALL TIME FRAMESD1 : Technical targets mentioned in my yesterday's comments have easily been filled with an intraday of 30261.
Nice recovery on a daily closing basis above the Tenkan-Sen, currently @ 34867
Nevertheless, IN ORDER TO NEUTRALISE DOWNSIDE RISK, BTC needs to close today at least above the middle of the long black candle, which would trigger a "Piercing line" or
even better, above the opening of this same black candle which in this case would confirm a "bullish engulfing pattern", calling for higher levels.
Therefore, on a daily basis we have to wait until this evening in order to see how the price action will have performed over the day.
H4 : 50 % Fib ret & Kijun-Sen has been filled (@ 36130), currently trying to recover above the clouds support zone.
H1 : Watch closely at the price action around the clouds which would give more clues about short term price action.
Bullish above the clouds and bearish below
Have a nice day :-)
BTC - D1 / H4 - TENKAN-SEN REMAINS THE MAIN LEADING INDICATOR !D1 : Watch carefully at the Tenkan-Sen; BULLISH above and BEARISH below
H4 : Same comment than on D1
As long as we stay and hold above Tenkan-Sen, currently @ 39309, it is OK for further upside.
A failure to do it would put the focus on MBB currently @ 38357 ahead of Kijun-Sen
Global picture remains broadly bullish ,as for the time being any downside move should be seen as a corrective move only in
a consolidation phase, calling for higher levels.
Keep in mind the Risk Management in this high volatility environment !!!
BTC-USDT look in uptrend - BUT BE carreful Vol MA-20 is too LOW!The "Price" and "Volume" is only the clear and direct info for the Good Profit Trading works. BTC Look in uptrend, but we need confirmation in almost next movements. In the ICHIMOKU the trend is clear for check, but need confirmation with the VOLUME in MA20. I´m Miguel (MIKIBTC)... Happy Weekend! Best Regards!.
Bitcoin Daily Update (day 317)
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business.
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Consensio: S MA < P < M MA < L MA
Patterns: Phase 7 hyperwave | Bear channel | Symmetrical triangle with $1,000 measured move
Horizontals: S: $3,386 | R: $3,500
Trendline: Symm triangle
Parabolic SAR: Broken SAR
Futures Curve: Backwardation with 1.97% spread. Arbitragers have been chipping away at this spread selling spot and buying futures.
BTCUSDSHORTS: Pulling back, will be interesting to watch
Funding Rates: Longs pay shorts 0.0002%
TD’ Sequential: G2 closed > G1
Ichimoku Cloud: Absolutely amazing how well the Tenkan-Sen has been acting as resistance. I am a firm believer that traditional settings are best in all markets.
Relative Strength Index: Testing trend resistance
Average Directional Index: If crosses 25 then that would confirm bear trend
Price Action: 24h: +0.8% | 2w: -5% | 1m: -7.6%
Bollinger Bands: Squeeze with price below MA
Stochastic Oscillator: D buy signal. 3D posturing for buy
Summary: You could make a very strong bullish and bearish case right now. That is usually a good time to stay out of the market. Conversely it can also be when some of the best signals happen to occur, when there is equilibrium a big move is likely to follow.
Bearish Case
Outside of the short term MA Consensio is fully bearish and the long term MA is acting as clean resistance in confluence with the Tenken-Sen & Bollinger Band MA. For me symmetrical triangles also carry a bearish bias when the overall trend is bearish.
The backwardation is a bullish indicator but I view the narrowing spread as bearish. Flipping back to Contango would make me seriously reconsider position.
BTCUSDSHORTS appear to have created a higher low. Even though they are pulling back right now I still view that chart as a bearish indicator (primed for shorts to pile on).
Bullish Case
I have been expected a bounce to $5,200+ since November. The gap in the visible range volume profile needs to be filled and I expect that to happen now before the final capitulation.
The daily Stochastic just got a buy signal. The 3D and Weekly are not far behind. I love seeing all three in confluence.
We just had 32 consecutive Bearish SAR’s on the Daily chart and they just turned bullish. I have recently started backtesting how many consecutive SAR’s can happen before a correction and > 30 is definitely on the higher end.
The TD Sequential just closed a green 2 > a green 1 following the 32 consecutive bearish SAR’s is particularly interesting. It triggered a long entry this afternoon, but only a very small one due to Consensio.
I didn’t another Bubble Comparison this afternoon and that provided very good confirmation of my short term bullish bias.
Analyzing the 200 MA and the 200 EMA on BTC has illustrated some very interesting results. 200 MA crossing 200 EMA with price below happened at the bottom in 2014. 200 EMA crossing 200 MA with price above called the beginning of the following bull market. Bitcoin
$WTIC Quick #Bull play before #Bear Placed small long position here with a tight stop loss. RSI looks oversold. Kijun and Tenkan forming c-clamp. Possibly a small bounce here to end the week. On the larger time frames, OIl still looks pretty bearish.
Technical + Fundamental on USDCHFUsing the Ichimoku clouds TK Death Cross Strategy, I can see an incoming strong sell signal, This is due to the Tenkan-sen crossing the Kijun-sen from above to below. To solidify my signal on the TK Death Cross the current Chikou span is below the price of 26 periods ago and price is below the Kumo cloud, although it is currently thin, I expect it to expand in the future. Price has also made a retracement from resistance back to the support level of 0.97956 and is looking to continue a downtrend after a prolonged consolidation.
Fundamentally, tomorrow awaits the United States' results on CB Consumer Confidence, this measures the consumer confidence in it's economic activities. Analysts forecast a result of 126.8. A higher than expected result may influence price to violate Ichimoku's analysis, although a lower than expected result will compliment my Ichimoku cloud analysis.
BTC – Quo vadis Bitcoin?Hi Traders!
As there is a lot of uncertainty these days, we might have one positive info for you!
There is a very little chance of going far deeper. Of course, we take into account going to $5800 or even $5500 for a couple of hours but we don’t expect large discounts on BTC from that level of price.
We hope SEC finally grant at least one organization certificate to operate first, fully legal ETFs on Bitcoin. This will be a turning point. From this point, we will enter the new era of BTC. We expect a flood of institutional money then. So keep your head up and hope for the best but expect the worst.
Let’s take a look at the chart.
On the daily chart, we are still under TenkanSen or on the verge of it. This is not enough. We need a solid signal/green bar breaking up the red line (TenkanSen). So stay cool and vigilant. The right time will come.
On MACD we are still looking for MACD bull’s cross. BE PATIENT.
Weis Volume Wave – unfortunately, there is almost no sign of demand and still not enough info about supply. Again we have to wait until the supply decreases and demand will show up.
Look now at the second chart.
We present there Visible Range. Since the end of 2017, the “fair price” was established at around $8100. This will be our first target to break. As we can see Volume Area (blue lines) are between $6000 and $1000. We are currently at the bottom. Once $8100 broken we should be heading $10000.
Once again we recall you that we have massive support zone. It is marked as a red rectangle.
It spreads between $5400 - $6700. This was defended many times. We made the fundamental analysis about that. You can check it by clicking down below – “We will tell you why BTC will not go lower than 5800/”
Thank you guys for being here.
If you like our job please give a like.
If you don't want to miss the update click follow.
HUGE Hugs!
WBM Team
BNB - Binance coin – will we manage to get any profit next weeksHI Guys.
As BTC dropped down there are literally few coins which bounced off and probably can give us at least small profit.
One of these is Binance coin. BNB has just bounced off from a big support. It didn’t cross this support since end of April 2018. It tried 3 times but luckily didn’t manage. This time we also bounced off from 0.0014336.
When watching Weis Wave chart we can see clearly new demand waves has shown up. Small supply on the horizon.
We also broke the resistance marked up by all local previous heights (red line).
When observing Ichimoku Cloud indicator we can see price broke TenkanSen (red line). Let’s wait if it was for good. We need couple of bars more.
Moreover positive info from MACD – bull’s cross just happened.
What do you think guys?
Will it be possible to earn some money investing in BNB?
You opinions are highly appreciated. :)
Thanks for being here.
HUGE HUGS!
WBM Team
What do you do Mr. Bitcoin ?Hi guys.
How are you ? What do you do in the market fluctuations ?
In these days, many people are afraid of the fall of the bitcoin and ask me what will happen ? If you remember, in my last analysis I had predicted this conditions and prices. I said before the uptrend started, price will touch the bottom of descending triangle pattern.
And now with look at weekly time frame, I think we will have 2 scenario for the future.
1) In weekly time frame we have nice falling wedge. If strong Marubozu candle break out top of the falling wedge pattern and descending triangle, we can be optimistic about the future of the Bitcoin and trend reversal. After that we can estimate that the Bitcoin will go up to 10800$ level at first step and then to 15600$. I have more reason for this scenario ! Look at the retracement fibonacci. The price is close to 78.6 level and we have multi layer resistance at this zone. Crossing this area is not easy for the bears !
2) If the price fails to break the patterns we can expect bitcoin drop to the bottom of the falling wedge and then get ready for uptrend. I have more reason for this scenario too :-) The candles are under Kijun Sen and Tenkan Sen on Ichimoku indicator. Tenkan Sen plays the role of a resistance and Kijun Sen has pull down its head and goes to the candles. In this case, until Kijun Sen reaches candles, the price may fall further to 4600$ ! So in these days, we must carefully monitor the chart. What do you think ?
Have a good and profitable trades.
AUDCHF - waiting to open longsAUDCHF - On the H4 chart we can see, that after today’s gains price is above bullish Kumo cloud. If current cloud will close above this zone, it will be a signal to open long position. In addition, Tenkan-sen just crossed above Kijun. The target for gains is on the another resistance in 0.7575 area.
ichimoku / kijun sen or tenkan sen cross over signal filter ichimoku / kijun sen or tenkan sen cross over signal filter
bittrex chart
