Ichimokukinkohyo
💡Don't miss the great Buy opportunity in EURUSD (Stay a hunter)Hello Dears
It seems that we are in a downward erosion movement where the divergence is quite evident. In my opinion, wait until the red trend line is broken (Stay a hunter), then you can safely enter into the purchase transaction.
If you like my analysis, please support me with likes and comments.
BTC Fall Update this is the update of previous idea i posted about BTC Dont forget to check it. dont buy now just wait for the beautiful downfall. no matter what BTC has to crush otherwise its not worth buying BTC, Because there will always be a fear of crush. + Dont Forget To Match With Your Strategy.
Like + Comments Will Be A Big Support.
Disclaimer:
Buying OR Selling is your own decesion. This is just my personal view of the market for educational purposes.
BTC/USD 4hr chart analysisBTC/USD 4hr chart analysis:
On the 17th, BTC had broken downwards out of its Ascending Wedge Pattern on this 4hr chart.
BTC had found some support from its support level at around $21,264 but has now dropped below it. A successful 4hr close below this level will possibly take BTC to its support area at around $20,834 to $20,494.
The Ichimoku Cloud Lagging Span (Chimkou Span) is indicating momentum is downwards at the moment.
The Ichimoku Cloud Conversion Line (Tenkan Sen) is indicating that the mid-point of the short-term momentum is downwards at the moment.
The Ichimoku Cloud Base Line (Kijun Sen) is indicating that the mid-point of the mid-term momentum is also downwards at the moment.
Note that the Leading Span A (Senkou Span A) has crossed under the Leading Span B (Senkou Span B) creating a new bearish red cloud (Kumo) for this 4hr timeframe.
Note that BTC is way below its Least Squares Moving Average (LSMA) for this 4hr timeframe.
BTC is still well below its Bollinger Bands Middle Band Basis 20 Period SMA and still outside of its Bollinger Bands Lower Band. Note that the Upper band is also extending upwards.
BTC has also found some resistance from its 1.618 ($21,577) Trend-Based Fib Extension level.
Looking at the Average Directional Index (ADX DI) we can see that the Trend Strength is increasing with the ADX (Orange Line) at 28.22 above the 20 Threshold (White Dashed Line) and above its 9 Period EMA (White Line) at 20.40. Positive Momentum has dropped with the +DI (Green Line) at 7.84 and Negative momentum is upwards after the rise and drop with the -DI (Red Line) at 38.39.
Interesting times and opportunities ahead. I hope this is helpful with your Trading and Hodl-ing.
Despite Recent Rally GBPUSD Remains BearishFOR GBPUSD I prefer bearish trend for this pair. if this pair rallies to the selling zone I have defined, sell with the stop ABOVE the horizontal line I have defined. If the price keeps breaking lower then sell if the price breaks below 1.2027 area (especially if the candle is bearish engulfing candle).
Trade well….
ANOTHER BEARISH OPPORTUNITY FOR GOLDH1 gold is indicating bearish trend. Risk ABOVE 1795. The target around 1756-1754 area. Future cloud is bearish. Senkou b and a are p ointing lower. Kijun is above tenkan with kijun is crossing tenkan downward. Chikou span is below the cloud.
Trade well and wisely.
UsdJpy Remains BearishOverall trend is bearish. I have defined the sell zone which is between 133.278-134.634. Stop ABOVE 134.89. 1st tp zone is 131.734-131.934. 2nd tp zone is 130.391-130.719.
Future cloud of ichimoku is still bearish. And now the candle is still below SMA 50. Overall it is bearish, sell.
Trade well and wisely.